Episode 3 – Murr v. Wisconsin and Emerging Issues in Eminent Domain Appraisals with Lance Coyle, MAI

In  Episode 3, Jeff Mead discusses the U.S. Supreme Court’s recent decision in Murr v. Wisconsin and the denial of the petition for writ of certiorari in Bay  Point Properties v. Mississippi Transportation Commission.  Our featured guest is Lance Coyle, former President of the Appraisal Institute.  Lance answers the questions:  What is an MAI?  What is a CCIM?  Lance also discusses emerging issues in the appraisal world: (i) how does the appraiser distinguish business value from real property value; and (ii) what does fee simple mean in a valuation context.  Lance also discusses the Body of Knowledge Committee of the AI (which sounds really important!).  Finally, Lance discusses how the engaging lawyer can assist the real estate appraiser at the outset of the assignment.

Lance can be reached via his website at www.coyleadvisors.com or via email at lance@coyleadvisors.com.

 

Murr v. Wisconsin Ruling

The Supreme Court today ruled against the Murrs, who owned a waterfront lot in Wisconsin, and  claimed that the government took their land without just compensation.

Today’s ruling is adverse to the positions taken by a number of property rights advocates and a group of nine states, led by Nevada, which believed the case was important in preserving individual property rights.

One of the interesting issues addressed by the Court was the “whole parcel” question, or what part of the property can be considered when determining damage to the property.

We will discuss this case in more detail in Episode 3 of the Eminent Domain Podcast which will be released next week.

The Court’s opinion can be found here:

https://www.supremecourt.gov/opinions/16pdf/15-214_f1gj.pdf

Episode 2 – Interview with Efren Olivares – The Border Wall

Efren Olivares of the Texas Civil Rights Project discusses the Border Wall project and the impact on property owners along the U.S.-Mexico border.  Efren also gives his recommendation for ordering brunch in south Texas.

Efren can be found at www.texascivilrightsproject.org or by email at efren@texascivilrightsproject.org.

The podcast is available for download on ITunes or Stitcher.  Please subscribe.  You can email me at jschumacher@lockelord.com or follow me on Twitter at @J_Clint.  Let us know what you would like to hear about or who you would like to hear from.