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In the 1960s and 1970s, scammers used nationwide advertising to lure victims to buy Florida real estate without visiting the properties first. This technique was used notably by the Gulf American Land Corporation in the communities of Cape Coral and Golden Gate Estates , Florida (for which they were found guilty of fraud by the Florida Land ...
The Land Act of 1820 (ch. 51, 3 Stat. 566), enacted April 24, 1820, is the United States federal law that ended the ability to purchase the United States' public domain lands on a credit or installment system over four years, as previously established.
The collapse of Florida land values caused a severe financial crisis for the state government. Land values had dropped nearly to the vanishing point, but the property was subject to property tax assessments far in excess of its current value. Many property owners simply abandoned the property and did not pay the taxes.
Check Out: 3 Best Florida Cities To Buy Property in the Next 5 Years, According To Real Estate Agents Read Next: How To Get Rich in Real Estate Starting With Just $1,000 Fort Myers
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Close to 88% of condos on the South Florida market were built over 30 years ago, an ISGWorld analysis shows. Prices for these older condos have fallen substantially, with an average sales price of ...
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