Condemnation

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Dictionary Says

Definition of 'Condemnation'

The seizure of a property by a public authority for a public purpose. Condemnation often occurs when a taxpayer owns property or real estate in a place that has been designated for public use or construction. Condemnation is exercised by public authorities through the power of eminent domain.
Investopedia Says

Investopedia explains 'Condemnation'

Condemned property must be appraised by the condemning governmental authority. The owner of the property is then offered the appraised value for the property seized. This offer is called a pro tanto award. The owner can decline the award and hire a lawyer if the owner feels the pro tanto award is insufficient. 

Condemnations can be used to make way for private projects as well as public ones, if the public authority believes the project will serve the public good.

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Search results for

'Condemnation'

  • What To Do When The Government Wants Your Land - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1011/What-To-Do-When-The-Government-Wants-Your-Land.aspx
    ... If you cannot agree on a price, the situation escalates to a condemnation proceeding
    during which you can contest the sale, present your idea of a fair offer ...

  • Cato Corporation Is Worth More

    http://stocks.investopedia.com/stock-analysis/2011/Cato-Corporation-Is-Worth-More-CATO-JCG-JAS-SSI-RUE0228.aspx
    ... Given Institutional Shareholder Services' recent condemnation of the deal, you have
    to wonder what the preppy clothier could have got if Mickey Drexler and the ...

  • Upticked Off

    http://stocks.investopedia.com/stock-analysis/2009/Upticked-Off-MS-C-SCHW-TROW0116.aspx
    ... Proposed Bill Gets Mixed Reviews on Wall Street Rather than eliciting universal
    condemnation, the bill has received a mixed reception on Wall Street thus far. ...

  • Relationship Money Matters

    http://www.investopedia.com/articles/pf/07/money_matters.asp
    ... be able to give an acceptable explanation for any financial problems and be able
    to honestly review the other's finances without condemnation or accusations. ...

  • Encumbrances And Nonpossessory Interests In Real Property

    http://www.investopedia.com/articles/mortgages-real-estate/12/encumbrances-nonpossessory-interests.asp
    ... easement. Common easements include rights-of-way, drainage ditches, public
    utility lines and easements by condemnation (Eminent Domain). ...

  • Will Your Home Sale Leave You With Tax Shock?

    http://www.investopedia.com/articles/pf/06/homesaletax.asp
    ... Part 1 and Part 2.) Furthermore, there are exceptions to the two-year occupancy
    rule. These include: disability, condemnation and divorce. ...

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