If you have a property that is located in Georgia, it is very important that you hire the services of a Georgia Real Estate Attorney who can help you acquire your property. If your property has been seized by the Georgia State Seizure and Auction Department, you will need to hire a Georgia Eminent Domain Attorney to get just compensation for your loss. If you do not have knowledge about this process, then you might end up paying a high cost. You can hire any eminent domain attorney for getting back your property from the Government. Most of the people living in Georgia are unfamiliar with this process and thus, they pay a heavy price for buying or selling a property. If you receive notification that the government plans to take an action against your property, it is important that you contact a Georgia Eminent Domain Attorney at the earliest.
There are certain legal rules and regulations which are imposed on all the individuals who want to buy or sell real estate properties in Georgia. These rules are in place to prevent encroachment by any non-residents on the said properties. If the State has made any kinds of land grab in the recent past, you will know about it. However, the same law does not apply on these sites. Any non-resident can construct any kind of structure on the seized property. You need to act in order to stop this sort of activity before it leads to a major problem.
If you have a question as to why the Government wants to auction such properties, you should ask the officials. The basic answer is that they want to get rid of these properties because they do not earn any money from them. Once the property is auctioned, the owner is given just about one month to vacate the site and relocate. He can only move his belongings out of the site after paying a fine of several hundred dollars. If you are a lucky person, then you might get a chance to buy the property for a lesser price than the original market rate.
Auctions are done manually at the State and County levels. It takes at least two weeks before the auction takes place at the local courthouse. You need to be present at the auction and make sure that your agent gets all the required papers on the property before the auction takes place. This will ensure that you do not miss out on a bargain. If you miss out on this, then your agent will not get the papers and it is possible that you will have to pay a higher price for the property.
Another important thing to note about Georgia eminent domain auctions is that a site developer cannot enter into any binding contract with the property owner regarding the development of the site. This means that if the site developer wants to build something on the seized property, he has to first secure the approval of the county. If the site developer is approved, he can start the construction, but he cannot force any kind of terms on the property owner. The only option available to the owner is to agree to the terms proposed by the developer.
Once the site is ready, the site developer must not start selling the property. This is because in Georgia nobody will be allowed to enter into any binding agreement during the process. The same applies to the period after which the property is out of circulation. During this period, nobody can transfer any rights or privileges on the property. This is how the law works. So if you want to get a deal like this, you should consult a Georgia eminent domain attorney as soon as possible.