Question

Which of the following scenarios is a sale under threat of condemnation? Reese received a notice...

Which of the following scenarios is a sale under threat of condemnation?

Reese received a notice from the health department that unless he connects his rental property to the city sewer system, the property will be condemned. He sold the property "as is" rather than paying an estimated $28,000 to connect to the sewer system.

Oliver heard on the evening news that the state is going to take property to construct another exchange on the interstate. His warehouse is located in the middle of the new exchange. After he contacted a representative of the Department of Transportation, who confirmed the story, he sold the property to the neighboring warehouse owner.

Anisha sold her land in the Everglades the week before the Corps of Engineers announced a new levee was going to be built through part of the property.

Rafe sold his main home after he heard from his neighbor about an airport expansion project that was going to take their properties.

confused between Rees and Oliver which one is correct

Homework Answers

Answer #1

Reese received a notice from the health department that unless he connects his rental property to the city sewer system, the property will be condemned. He sold the property "as is" rather than paying an estimated $28,000 to
connect to the sewer system. - Correct Option
Sale under threat of condemnation means when it is informed to a property owner orally or in writing by a governmental body or by a public official authorized to acquired the property for public use.

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