Published:
Views: 2248

Border Fence Spikes Demand for Appraisers

670 miles. That’s the distance along the U.S.-Mexico border that the Department of Homeland Security wants to cordon off with its 18-foot-high border fence. The sheer size of this massive undertaking and the number of property owners already disputing the

670 miles. That’s the distance along the U.S.-Mexico border that the Department of Homeland Security wants to cordon off with its 18-foot-high border fence. The sheer size of this massive undertaking and the number of property owners already disputing the government’s valuations has led to a severe shortage of qualified appraisers, particulalry in the Rio Grande Valley of South Texas.

According to a report that ran in the Houston Chronicle, the Justice Department expects about 270 condemnation lawsuits against local landowners with the potential for 80 holdouts that could go to trial next spring. But there’s a catch: Uncle Sam has already got the Valley’s largest appraisal firm on retainer. That means for many landowners, the only option is an expensive one: an out-of-town appraisal firm, which could cost upwards of $10,000.

Tagged with: , , , , ,
Posted in Feature, Federal Policy, News Desk, Pacific, Regional News, Southwest

EMAIL SIGNUP

Please sign me up to receive breaking news and updates from the Land Report!

Latest Tweets

News By Region

The Land Report | 2019 America's Best Brokerages
The Land Report is proudly partnered with: Hall and Hall Bates Land Consortium Mossy Oak Properties United Country Real Estate Live Water Properties Fay Ranches Inc. Mirr Ranch Group californiaoutdoorproperties.com Whitetail Properties TerraStone Land Company Hayden Outdoors Real Estate Western Ranches LandLeader

Contact to Listing Owner

Captcha Code
Pacific West Great Plains Great Lakes Midwest Southwest South Northeast Pacific West Great Plains Great Lakes Midwest Southwest South Northeast