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Gulf American Land Corporation (GALC) was a land development company in Florida founded by brothers Leonard and Jack Rosen. During the late 1950s and 1960s, GALC was the largest land sales company in the United States. [2] The company is noted for its role in the development of Cape Coral, and pioneering the sales method of installment land ...
Swampland in Florida is a figure of speech referring to real estate scams in which a seller misrepresents unusable swampland as developable property. These types of unseen property scams became widely known in the United States in the 20th century, and the phrase is often used metaphorically for any scam that misrepresents what is being sold.
Many property owners simply abandoned the property and did not pay the taxes. Under state law, the state could not sell the property for less than its assessed value. To remedy the situation, in 1937, the Florida Legislature passed the Murphy Act. [27] The Act permitted the state to sell tax delinquent property for what could be obtained.
The property's 500 feet of water frontage — at one point the most available for sale in South Florida — made the multimillion-dollar property stand out, according to Realtor Michael Ivancevic ...
There were more houses for sale on the Treasure Coast in October than in September, but they cost more, took longer to sell and fewer sold, according to data Florida Realtors released Nov. 21.
General Development Corporation, also known as GDC, was a land development company in Florida. General Development Corporation would be created in 1958 after a merger between Florida Canada Corporation and the Mackle Bros. [1]
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