I own some vacant land in northern Minnesota - not fancy lakeshore, just woods and scrub brush with some wetlands - inherited from my father forty years ago. I sometimes go up in the summer to hike and clear some trails. Some years I lease out the property to local deer hunters for the autumn.
And every year I get letters offering to buy the property. These don't come from local residents, who can find much better land to build on, or from hunters who prefer to lease rather than buy. The offers come from people in Alabama, Arizona, Montana etc - always with a ridiculous lowball offer. The senders of these letters harvest public records which show ownership and tax-assessed value, and they try to find owners who are either ignorant or desperate for money.
This year one of the letters, from "Land for Heroes" at a Boston address, was different - it asked me to "join their mission to help U.S. military families needing assistance." "If we can buy your property for cash, we will donate in your name an additional 10% of the purchase price to one of our chosen charities." Enclosed with the cover letter was a real estate purchase agreement offering me less than a third of the tax-assessed value (which in turn is typically is less than retail value).
I'm always offended by these letters because I think of the widows and elderly demented owners who will fall victim to the offers, but this year I'm also totally pissed off that the offer is cloaked in the guise of fake patriotism. I spent 30+ years working in the Veterans Administration, and I view crap like this as being a distant relative to stolen valor.
I'm not calling this a scam per se. It is presumably a valid offer to pay real cash for real property. But it's sleazy and I hope these people step on a thousand lego blocks in their bare feet.
There are so many "charity" fundraising organizations that are just scams that we ought to have a very small government agency that does nothing but cancel their abilities to do business.
ReplyDeleteLet's say, any organization where less than 75%? of the funds raised go to the cause for which they were raised.