4 Powers of Government aka PETE [Archive] - Real Estate Insider Forum
 
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David
10-19-2005, 08:07 PM
The 4 powers of government are ways you can lose property by the government.

Police Power - Government right to make new laws as deemed necessary to promote safety, health and general welfare.

Eminent Domain - Government right to take your land for public use after proper payment is made.

Taxes - Property taxes

Escheat - Upon death if there is no will and no heirs the property goes to the state, also if the property is abandoned.