Category: Real Estate Valuation Expert Witness
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Economic Expert’s Opinions on Property Valuation Admitted in Cook County Tax Sale Case
Cook County ran an annual property tax sale targeting homeowners behind on property taxes. When taxes went unpaid, the County obtained court orders to sell tax liens on delinquent properties. Private tax buyers then paid the outstanding taxes in exchange for collecting repayment, plus interest, from property owners. If the owners didn’t repay within about…
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Real Estate Valuation Expert Witness’ Testimony on Appreciation Impairment Damages Admitted
108 named Plaintiffs admitted that they purchased their Shipyard properties for residential purposes. Plaintiffs each bought units on Parcel A of the former Hunters Point Naval Shipyard (“HPNS”). HPNS is a Superfund site where Tetra Tech EC, Inc. (“TtEC”) conducted environmental remediation work in certain areas years before the Plaintiffs bought their units. Plaintiffs now…
