Home     Law Advice     Insurance Advice     Community    
Go Back   FreeAdvice Legal Forum > REAL ESTATE LAW > Other Real Estate Law Questions
Reload this Page Here's one for you HG :D

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 07-24-2003, 12:04 PM
hexeliebe
Guest
  
Posts: n/a

Here's one for you HG :D

What is the name of your state? Tennessee

We recently had an offer on 1.7 acres so that a railroad spur could be built for a new container factory. Well, as family is wont to do, one member of the 15 owners said "NO"!

CSX Railroad did not want to start Eminent Domain against all 15 because it would be a mess. So here's the solution we came up with (and I use 'we' constructively).

Our share of this portion of the 464 acres will be purchased by a third-party. He will deed the property shares to the container factory who needs the spur. CSX Railroad will file Eminent Domain against the now two owners. Container factory will not oppose.

We got our money, the railroad will begin construction and the lone family member has just screwed himself ....

Forget creative financing...I love creative attorneys.
  #2  
Old 07-24-2003, 12:09 PM
Senior Member
  
Join Date: May 2000
Location: Catatonic State
Posts: 75,781
Nice.
Reply

« Previous Thread | Next Thread »


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 02:05 AM.

Contact Us - FreeAdvice - Archive - Privacy Statement - Top

IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.
FreeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.