Man Duped Into Buying Foot Wide Piece Of Land

7 Replies

OMG!! - Do your due diligence!!

https://www.foxnews.com/us/man-south-florida-villa-government-auction-land

tax sales are full of little strips of land   its the greater fool theory.

This post has been removed.

I was wondering when someone here was going to stumble across this. A buddy of mine saw it and asked me about it. 

If the guy was paying attention At All he would have known it was a 1’ wide strip. 

On the bidding site it has a link to the property appraiser site for the “lot”.......

100sf

“Northerly 1’ of lot xxx”

An aerial showing the strip as a red line (the site shows lots perimeters in red)

“land value $50”

“No building”

In addition the bidding site page tells you “to do a title search, no representations made....”

There are also boxes you have to check off to enter the bid site telling you there are no guarantees, talk to an attorney, etc. 

The guy had absolutely no idea what he was doing.

“No game for a blind man” as a buddy of mine used to say  

Just so you know part of what the guy had to ignore to think he was buying a townhouse

All of this is from the main bidding page, he didn’t have to go looking for it.

Updated about 1 month ago

Thought I added screen shots from the bidding site....they didn’t work.

I saw this article. It’s a great thing to show new people and tell them to do your DD before throwing money at stuff.  

"Risk comes from not knowing what you are doing"

-Warren Buffet 

Anybody have contact info? I need to talk to him about my land in Florida.

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