Real Estate Term of the Day: Eminent Domain

Real Estate Term of the Day: Eminent Domain EMINENT DOMAIN – the right of the government or a public utility to acquire property for necessary public use by condemnation; the owner must be fairly compensated (Barron’s Dictionary of Real Estate Terms) A recent example of eminent domain use is the construction of the RTD FasTracks … More Real Estate Term of the Day: Eminent Domain