Is this one of these land scams that were popular in the 60's and 70's?
My grandfather was sold on a small lot, along with a bunch of other people. Basically one company bought a giant plot, got the rights to divide it up, and sold each piece for super cheap. I know a little bit about this because the property became mine and I just refused to pay the back taxes (it was only like $700 after decades, so that should indicate how much it was worth). It was especially popular in areas that were difficult to develop and likely had no plans to be developed.
No running water, no electricity, sewage, etc. But theyre always advertised as "ready to build on" land. Its not much different to how a lot of Caribbean property is sold today.
>wow I can have waterfront property on a tropical island for $20,000!
But a lot of boomers fell for these scams. They (or their kids or grandkids) still own them to this day. No neighborhoods or houses were ever built on these properties (in my case) by anyone. The selling point was that "many people have bought in, and neighborhoods will be built in no time". Even when I called them to basically abandon it/give it back, they told me the same thing. And the local tax offices wont even try to come after you for back taxes because its easier to let it sit and hope you pay one day. It was a chore just trying to tell them I was going to abandon it.