Posted: 9/18/2014 6:33:16 PM EDT
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Okay, suppose this scenario: A land shark developer, who's had his eye on a friend's property for years, has become increasingly annoying. Wants the land by hook or by crook. Developer has lots of friends in city council.
Assume my friend finally gets pissed and demands about 20x what the property is worth. I advised him against this course of action; it seems to me that if he asks a price, it means he's willing to sell,and land shark developer cansue him to provide a reasonable price. Is this right? Seems the courts can walk all over anyone's rights any time. |
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You can sue anyone for anything for as long as it takes to get a motion in front of a judge to get rid of it.
Having said that, I've never heard of "he made a ridiculous offer, which I didn't accept, so I demand he's forced to negotiate a price" as a cause of action. 
Your friend should be more worried about whether its possible in NM to use eminent domain ala Kelo v. City of New London. |
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Quoted: They can't force you to provide a "reasonable" price. They could try and get it with eminent domain and force a sale. My neighbor wants the 1/4 acre between us. I priced it at $250,000. My land, my price. |
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Quoted:
If the local gov't used eminent domain to get the property and then gave/sold the property to the developer, I would think there would be a good basis for a lawsuit. 
My neighbor wants the 1/4 acre between us. I priced it at $250,000. My land, my price. Quoted:
Quoted:
They can't force you to provide a "reasonable" price. They could try and get it with eminent domain and force a sale.
My neighbor wants the 1/4 acre between us. I priced it at $250,000. My land, my price. |
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Quoted: Okay, suppose this scenario: A land shark developer, who's had his eye on a friend's property for years, has become increasingly annoying. Wants the land by hook or by crook. Developer has lots of friends in city council. Assume my friend finally gets pissed and demands about 20x what the property is worth. I advised him against this course of action; it seems to me that if he asks a price, it means he's willing to sell,and land shark developer cansue him to provide a reasonable price. Is this right? Seems the courts can walk all over anyone's rights any time. PSA: this is an OP that knows how to propose a question that Arfcom lawyers can answer. If you ask for legal "advice" in an OP, you get crickets. If you ask for a hypothetical, you get responses. Well done OP. |
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Quoted:
PSA: this is an OP that knows how to propose a question that Arfcom lawyers can answer. If you ask for legal "advice" in an OP, you get crickets. If you ask for a hypothetical, you get responses. Well done OP. Quoted:
Quoted:
Okay, suppose this scenario: A land shark developer, who's had his eye on a friend's property for years, has become increasingly annoying. Wants the land by hook or by crook. Developer has lots of friends in city council. Assume my friend finally gets pissed and demands about 20x what the property is worth. I advised him against this course of action; it seems to me that if he asks a price, it means he's willing to sell,and land shark developer cansue him to provide a reasonable price. Is this right? Seems the courts can walk all over anyone's rights any time. PSA: this is an OP that knows how to propose a question that Arfcom lawyers can answer. If you ask for legal "advice" in an OP, you get crickets. If you ask for a hypothetical, you get responses. Well done OP. 
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Quoted:
If the local gov't used eminent domain to get the property and then gave/sold the property to the developer, I would think there would be a good basis for a lawsuit. My neighbor wants the 1/4 acre between us. I priced it at $250,000. My land, my price. Quoted:
Quoted:
They can't force you to provide a "reasonable" price. They could try and get it with eminent domain and force a sale. My neighbor wants the 1/4 acre between us. I priced it at $250,000. My land, my price. It was, the case went all the way to the supreme court. Freedom lost and the land now sits unused after it was taken from its rightful owners. |