DO VICTIMS LOSE THEIR PROPERTY THROUGH IMMINENT DOMAIN?

[itzamirakul]

Since now we are hearing that the victims may not be able to return to NO for months or years, what will happen to their property?

What if they don't have their deeds anymore for land they might own?

This will be the Supremes chance to audition their new law.

[rwheeler31]

1. Good Question

I wonder how these people will have basic paper docs to show who they are? How can we help?

[bluestateguy]

2. The court ruling would allow it

What I'm thinking is what if your old, destroyed property does not fit into the new designs of the city planners? They'll basically cut you a check for what they deem to be fair market value and tell you to bug off.

[rwheeler31]

4. What happens to the people who have lost all the paperwork?

nt

[kestrel91316]

16. Not to worry, the county keeps paperwork/computer records.

And I assume any property owners would have a driver's license on other ID to prove who they are and prove they own land.

Deeds are recorded with the county for this reason.

[itzamirakul]

10. They might not even give you a check...

they are saying that even after the land is "unwatered" (a stupid army term)it will still be toxic for years to come and unfit for habitation for decades. Government bullshit lingo for, "We want your land and this is how we are going to take it away from you."

What do you want to bet that certain select folks will be allowed to return to their rich land and to the French Quarter? They don't want to lose Mardi Gras.

Lessaiz le bontons roulette or something like that

"Let the good times roll!"

[kestrel91316]

17. Laissez le bon temps roulez?

[RUMMYisFROSTED]

12. What's fair market value for a damp spot?

[brooklynite]

3. Two separate issues...

Eminent Domain requires fair compensation from the Government for the property.

Who holds title to the property depends on whether mortgage holders seize property for non-payment. I'm GUESSING there's going to be either a political fix or immense pressure on banks not to foreclose.

[MadHound]

5. And what exactly is the fair market value

For a flooded out property with no house, no utilities and no infrasturcture supporting it?

This is going to be a land grab of huge proportions.

[chicagiana]

8. When it's drained and rebuilt ...

New Orleans is still a big transportation hub at the mouth of the Mississipi. There are probably lots of commercial opportunities to be had here once the city is drained and filled in.

Perhaps this is why the Busheviks didn't care if the city was flooded out.

[WiseButAngrySara]

9. God I hate these greedy bastards. May they rot in hell. n/t

[chicagiana]

6. No job, nor mortgage payments !!!

The banks will move quickly to foreclose before state legislators can provide relief. Don't cross your finger on Congress passing laws against foreclosures on New Orleans properties.

[WiseButAngrySara]

7. I wondered about this last night. MIHOP. NOLA...Cheney's new Iraq.

n/t

[Carolab]

11. If it was properly closed, the deed would be on record.

It goes with the title.

Cannot seize the property unless it's needed for the "public good". Property belongs to mortgagor (bank, secondary market lender) unless it is paid in full; then it belongs to the homeowner.

[Geoff R. Casavant]

13. I think the point is

that the records are currently under 15 feet of water. Hopefully there was a backup in a safe place on a server in a different state, but I doubt it.

[kestrel91316]

19. Yikes, hope not. This is what happened to my g-g-g-grandfather after the

Great Cherry Creek Flood in Denver in the 1870s. He owned a prime parcel of land in the city core, but the land records were lost. Because he could not prove ownership, one Unsinkable Molly Brown and her conniving husband were able to get the land and built the Brown Palace Hotel on it.

Sigh. What might have been...............

[itzamirakul]

14. Cannot seize property USED TO BE THE LAW...

But the Bushies have changed anything and everything to fit their own plans and desires. Now, it is true that they could not have planned or directed the hurricane/flood...but they are neck-deep in doo-doo for not allocating the necessary funds to fix the levee which amounts to a willingness to destroy the city for private and commercial needs.

Besides, it makes a great place to have a second home for some to the rich folks from overseas, etc.

[pitohui]

15. we'll have deeds but they're letting looters destroy what katrina didn't

i hardly know what to say

a friend learned his home was being looted on tv

sure we have deeds to a $16K piece of land but that doesn't replace a $300K house & contents

ppl are losing a whole lifetime of savings & investment

oh well who cares

we're supposed to be grateful we're still alive but i don't know why

life is not worth living w.out property in this country

[itzamirakul]

18. Since they are putting EVERYONE out of NO...

they plan to bulldoze the place, so your friend's property will probably be leveled or lotted by some of the so-called re-builders. They are not going to allow your friend to return for months so what difference if someone loots to save his/her family or loots just because the place is being torn down?