Sign in to comment!

Menu
Home

Disasters

NJ landowners' dispute over sand dunes, ocean views is settled for $1

New Jersey officials say a lengthy legal dispute between a town and an elderly couple who complained that a protective sand dune blocked their ocean views has been settled for $1.

Officials say the payment is compensation for an easement obtained by Harvey Cedars for its construction of the dune.

Harvey and Phyllis Karan went to court after they had rejected the town's offer of $300 in compensation for their lost views. A jury awarded them $375,000.

The state Supreme Court in July overturned the award and faulted the lower court for not allowing jurors to consider the dune's benefits in calculating property value.

The state says the settlement has far-reaching implications for efforts to fortify the coastline.

A law enacted after Superstorm Sandy aims to guide future disputes.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.96% dw 3.98%  
15 Y Fixed Graph 3.07% dw 3.09%  
30 Y Fixed Jumbo Graph 4.17% dw 4.18%  
5/1 ARM Graph 3.20% dw 3.23%  
5/1 Jumbo ARM Graph 3.48% up 3.47%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.32% up 4.29%  
$50K HELOC Graph 3.98% up 3.96%  
$30K Loan Graph 4.99% -- 4.99%  
$50K Loan Graph 4.34% -- 4.34%  
$75K Loan Graph 4.36% -- 4.36%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% dw 2.94%  
36 M Used Graph 3.47% dw 3.48%  
48 M New Graph 3.18% dw 3.22%  
48 M Used Graph 2.99% dw 3.05%  
60 M New Graph 3.19% dw 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.39% -- 0.39%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.55% -- 1.55%