What is Eminent Domain?

www.zrealestate.net – in this video we look at eminent domain and discuss what it is. What is Eminent Domain? Eminent Domain is a Real Estate Term used to describe a compulsory sale in which an owner of a property is FORCED to sell to the government for fair market value in order to use their land for something else. While Eminent Domain is NOT as common today as it used to be in the past, it DOES still happen and is generally something that could be expected to occur with LARGE proposed commercial developments that may necessitate existing HOUSING LAND in order to build.

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Post by Jonathan Zuckerman

Jonathan has written 240 articles.

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