Will it be a Scam? An Offer of Fast Money for Farmland Raises Concerns
Nigerian princes have now been guaranteeing me personally millions it seems like scam artists turn to increasingly complicated ruses since I first signed up for email back in the late 1990s, and ever since. The never-ending flow of robocalls, online phishing frauds and Facebook hackers have actually all of us on high alert.
It really is why a recently available page that landed in numerous farmers’ and landowners’ mailboxes raised a red flag. Brothers Land Group sent letters to home owners over the Midwest, stating that “In numerous circumstances, we are able to deliver a cashier’s check to your home in as low as three times for the purchase of home. ” The purchase page also contains detailed information, just like the identifier that is legal the home, and provides to pay for a swelling amount that appears sizeable by itself, but does not seem sensible once you perform some mathematics regarding the acreage.
Maria Cox posted a photo of this page to her farm’s Facebook web page, also it quickly went viral. The page offered very same of $700 per acre for a bit of her family members’ Greene County, Illinois, farm. As she notes inside her post, it is well below fair market value, which she estimates at $2,500 an acre for timber ground and $6,000 to $9,000 for tillable land, dependent on quality.
Cox stated the page managed to make it to most of this farmers and landowners into the county and had been this issue du jour at a recently available neighborhood Farm Bureau conference. It included sufficient information to make individuals uncomfortable and concerned senior next-door next-door neighbors or those not too did not see the terms and conditions might be swindled.