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re: Anyone following the Pigeon Forge Eminent Domain Issue?

Posted on 8/28/24 at 8:21 am to
Posted by swamplynx
Lake Chuck
Member since Oct 2014
1275 posts
Posted on 8/28/24 at 8:21 am to
quote:

You are in luck! We have like 87 lawyers here, ranging from the barely literate to the functionally retarded. They know their stuff. If you need some help, just let em know!


Posted by baldona
Florida
Member since Feb 2016
23301 posts
Posted on 8/28/24 at 8:38 am to
You guys realize that this is probably all a ploy to just get paid right? It’s a 2nd home bought a year ago, there’s little to no emotion involved.

Eminent domain usually pays fairly, 1.5x the value plus. Real estate in Pigeon Forge is likely tanking due to interest rates being way up and rentals being way down. She could likely buy a much better property with her payout.

Its all a fake money grab
Posted by rmyers
Member since Aug 2024
11 posts
Posted on 8/28/24 at 9:28 am to
:
Posted by LSUGrrrl
Frisco, TX
Member since Jul 2007
44672 posts
Posted on 8/28/24 at 9:44 am to
quote:

Just a side note, they call themselves expert real estate investors, they bought the property with no due diligence and sight unseen except for a video walk thru by their local agent,4 days after it went on the market.


Video walk through for out of state investment purposes aren’t uncommon.
Posted by rmyers
Member since Aug 2024
11 posts
Posted on 8/28/24 at 9:49 am to
That may be true, but then they complain not knowing the issues with the property. Had they been there boots on the ground they may have learned more, the neighbors all knew about the road coming through. Also, when they started the remodel inside and out, they gutted the inside and forgot to get the required permits for the remodel. Had they got those permits they would have known about the road then.
This post was edited on 8/28/24 at 9:51 am
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