Eminent Domain

A legal term referring to the power of the government to take land from private owners for public use. This is one of the four basic government powers of taxation, eminent domain, escheat and police powers. Congress later expanded this power of eminent domain to public utilities. When a property is taken from its private owner, the property is then legally condemned and the owner must be paid fair market rates or fair compensation. The government exercise its eminent domain power through condemnation. For more information, see the "Eminent Domain" article in the "Real Estate In-Depth" section.

Real Estate 101

Real Estate 101

This book makes it easy to not only buy a home, but figure out everything that you need to do, even get a loan. In simple and easy to understand language, it talks about where you should buy a home, what to look for in a home, how to find a home, how to get an agent, how to get a mortgage and more. This is a step by step process that you, a new home buyer, can use to purchase a home.

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