Real Estate Appraisal, Commercial Appraisals, Development, Trends

Eminent Domain in Massachusetts and New England: Laws, Appraisals, and Challenges

Eminent domain (also called “condemnation”) is the government’s legal power, granted by the U.S. 5th Amendment, to take private property for public use, provided they pay “just compensation” (fair market value). Unlike 44 other states, Massachusetts law remains broad and allows the controversial practice of taking for private development (“urban renewal”). Appraisers play a critical, […]