Opinion ID: 852597
Heading Depth: 2
Heading Rank: 3

Heading: The Fakes' Inverse Condemnation Claim

Text: The trial court granted summary judgment against appellants Todd and Rosalyn Fakes on grounds that their seller accepted payment for damage to value done by airport noise, and provided the requisite formal notice of this fact to the Fakes as buyers. Counsel argues this was error, deploying law about the release of claims during real estate sales. It seems more pertinent to observe that a principal consideration in determining whether a taking has occurred is whether the impact of government action has interfered with distinct investment-backed expectations. Penn Cent., 438 U.S. at 124, 98 S.Ct. 2646. The Fakes are owners who purchased at a reduced price, with the knowledge that the bargain rate existed because of airport noise. We summarily affirm the Court of Appeals' disposition of the Fakes' inverse condemnation claim. Ind. Appellate Rule 58(A).