Question
The city has offered to purchase your house for $200,000, because they want to expand a city park that is right next to your house.You
The city has offered to purchase your house for $200,000, because they want to expand a city park that is right next to your house.You do not want to sell to the city, and besides, you think the house is really worth $300,000.
a.The city is out of luck.
b.The city can force you to sell for $200,000, under the power of eminent domain.
c.The city can force you to sell for $200,000, under the power of foreclosure.
d.The city can force you to sell for $200,000, under the power of judicial review.
e.The city can force you sell, but you have the right to a trial to establish the fair market value of the property.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started