Norfolk Southern -- E Pallestine Wreck: RR to compensate home owners–69223?oly_enc_id=0240G5852612I5U&utm_medium=email&utm_source=prdailynews&utm_campaign=prnewsletter-2023

Home owners within 5 miles of the wreck who sell their property will be compensated for any loss vs fair market value prior to the accident.


That’s sure to be contentious. “Fair value”… once you exceed one party in the process, there will be differing views. LOL

He is no fool who gives what he cannot keep to gain what he cannot lose.


Yes, I agree. Fair market value is negotiable when it comes to “your” property. But assessors, insurance adjusters, and mortgage lenders do this all the time. Comps are out there. Argue which one fits your situation. And recent improvements, etc.

In the end they agree on a number or go to arbitration or something. If its the law, they may end up in court. If not, maybe check takes eons to arrive.

To get the check lawyers probably have then sign a release saying this is their only compensation for damages and no others are pending.