Occasionally a property owner or group of owners with a common interest will bring an action against a governmental entity for compensation for perceived property damage or a property taking where compensation should have been paid via the eminent domain process. This type of action - in which a property owner brings action against an agency is called inverse condemnation.
Along with eminent domain, inverse condemnation appraisal is a highly specialized valuation service within the appraisal profession that requires timely and thorough analysis of the appraisal problem, the market data and the valuation
methods necessary to support or defend against the claim. Often, the inverse condemnation claim or action spans a multi-year time frame in the claim for damages, requiring access to historic property data.
Mason & Mason maintains historic databases that prove invaluable and cost effective to the client in an inverse condemnation action.
Mason & Mason has extensive experience and knowledge of inverse condemnation appraisals, and works closely and carefully with legal counsel throughout the process. Mason & Mason has provided valuation services for many complex inverse condemnation cases that involve both actual physical takings or regulatory takings, for both property owners and the agencies involved in the inverse condemnation disputes, analyzing all factual data to determine any loss in value to the real property involved.
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