Find Real Estate Agents and Homes for Sale

Real Estate Message Board and Forums / Ask an Expert / Government Relocation Process

Government Relocation Process - Ask an Expert

moderated by  Reply to Discussion | New Discussion << previous || next >>  
Posted By Discussion Topic: Government Relocation Process

Printer-friendly Version  send this discussion to a friend  new posts last

Add a New Post sross002
Get Messages 03-15-2011 @ 9:17 AM                          
send p.m.
Joined: Mar 2011

I am interested in purchasing a house in NJ.  I know that the current owner has been relocated to another state by his employer, who is the FBI.  I know that the Government gives the owner some time to sell their property privatley.  If they can't sell within a given time period, then the Government buys the property from them at the fair market value.  I'm assuming that the Government will then try to sell at a more reasonable price once they take it over. Two questions:

1) is there a way to find out when the Government will take the property over?

2) Does the buying process change when buying from the Government because they relocated an employee?