Lowball Watch – Florida

We commend to our readers the post on the site of our fellow blogger Jim Mattson, which you can find here http://mattsonlaw.blogspot.com/. See the post entitled Is the State Conceding its “Condemnation Blight” Battle in the Florida Keys? dated December 7, 2009. Suffice it to say that the state’s “good faith” offers for two parcels were $550,000 and $80,000 respectively. The verdict was $5,060,000 and $450,000 respectively. If you add the rapidly accruing interest, that comes to 13 times the state’s “good faith” offer.

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