Friday, July 27, 2012
Robert Hockett, Professor at Cornell Law School, Joins Bruce Norris on the Real Estate Radio Show #288
This week Bruce Norris is joined once again by Robert Hockett. Robert teaches financial and business law subjects at Cornell Law School, where his research and writing focuses on the legal and institutional prerequisites to a just and prosperous economic order. He is also a fellow at the Century Foundation, a commissioned offer for the New America Foundation and consultant to a number of financial institutions, regulators, and legislators. Prior to entering legal academia, he worked at the International Monetary Fund and served as a judicial clerk for the Honorable Deanell Reece Tacha, Chief Judge of the U.S. Court of Appeals for the 10th Circuit. He was educated at the University of Kansas, Oxford University, where he studied as a Rhodes scholar, and at Yale University. Robert also authored a memorandum entitled It Takes a Village Municipal Condemnation Proceedings and Public/Private Partnerships for Mortgage Loan Modification Value Preservation and Economic Recovery. Bruce and Robert primarily discuss eminent domain as well as the concept of shadow vacancy, the creation of the new permanent loan for the occupant, what the city gains from eminent domain, current market prices, the valuation model currently being used, where the losses go, and much more on this week's real estate radio show and podcast.