Kelo vs New London - Watch New London Try To Bankrupt Homeowners : The Real Estate Bloggers

Kelo vs New London - Watch New London Try To Bankrupt Homeowners

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HenrypotterThe power of the government to get whatever the hell it wants is evident in New London, Connecticut. To get a huge corporate development the created the landmark Eminent Domain case that hit the Supreme Court that essentially said landowners have no rights to their land if local law deems the government can make more money with it in another capacity.

Well, these sons of bitches in New London are now ready to take the property of Kelo and the other 5 homeowners. There new trick, if you do not take our deal, which they obviously found unsatisfactory, we will charge you back fees and rents and anything else we can and bankrupt all of you. Your government at work.

So the government of New London and the State of Connecticut has looked at these poor folks who only want to live in their homes and who trusted the Constitution of the United States to protect them against greedy corporations and governments now are facing losing everything they have and having to watch their noses rubbed into fighting a governmental body. This makes me sick to my stomach.

You have to respect a man who says “If they want to threaten us with bankruptcy and let the nation know this is the kind of people who live in New London, send that message,” he said. “All they’re doing is making us dig our heels in deeper.”

To address the impasse, the City Council voted in March to set a May 31 deadline for a settlement. On May 15 the council passed a three-part resolution to withdraw settlement incentives if agreements aren’t reached today.
The resolution would today retract the council’s offer to waive real-estate taxes, use and occupancy fees and rent paid by third-party tenants, together totaling about $1 million. Councilors also voted to instruct third-party tenants of the former property owners to pay rent to the city rather than any of the plaintiffs beginning June 1.
The council recommended that all monies offered by state-appointed mediator Robert Albright be withdrawn as of today. A March decision by state Attorney General Richard Blumenthal made state funds originally designated for improvements at Fort Trumbull available for settlements with the former owners, and the New London Development Corp., the city’s agent, voted to use up to $1.2 million for settlement purposes. via  theday.com.

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