PIKE PLAINTS IN ELIZABETH
Tactics of Realtors Buying Homes in Path of Road are Rapped
Newark Evening News, June 30, 1950
ELIZABETHAlleged low prices offered
Elizabeth residents for their properties in the path of the New Jersey
Turnpike and high pressure tactics used by real estate men making the
offers were the subjects of a complaint directed to the New Jersey Turnpike
Authority yesterday by the Board of Works.
The board decided to send a letter to
W. W. Wanamaker, executive director of the authority, citing the many
complaints received about the low prices being offered by several local
real estate agents acting as representatives of the authority.
In one instance, Board President McGowan
said, the authority had set a price of $9,000 for a house to be purchased
for the right of way, and the real estate man offered the property owner
$6,300 for it. When the owner refused to sell at that price, it was
said the real estate agent threatened him with immediate dispossession.
In another case, it was charged the agent, when rebuffed by an owner,
said, "Well, the bulldozer will be through here in a few weeks,
then you'll get nothing."
Makes Personal Probe
Such complaints had become so numerous
that Commissioner McGowan spent the morning in the Fourth street area
investigating them, he said.
The Turnpike Authority has appraised all
houses to be bought along the Fourth street route through the city and
turned those appraisals over to the real estate men to negotiate for
title to the properties, McGowan said. The board, he said, feels property
owners should be told that their refusal to accept lower offers made
by the agents does not mean they will be summarily evicted from their
homes. No owner has to accept an offer as final, he pointed out. Even
if a condemnation action is brought against him, he has the right to
appeal the price offered him under the condemnation, McGowan said.
Some real estate men acting for the authority,
McGowan pointed out, had handled the negotiations courteously explaining
to owners that if the price offered was not acceptable, they were entitled
to get an attorney and appeal.
Courtesy of the Newark Public Library.