A letter received this week by a Pioneer Plantation property owner said that "after analyzing your property" the company is willing to pay $4000. The parcel is two and one-half acres and worth many times what the company is hoping to buy it for. The letter from "Mark Raymond" adds "please let me know your decision as I have set money aside for this purchase."
N.R.L.L. Inc., a holding company in Irvine, California has been soliciting land owners for many years especially in Florida and California. NRLL buys land at very low prices, then transfers title to the names of one of its other associated companies, and then holds auctions in large cities around the country, reselling the lots at much higher prices, and sells them "as-is."
In Hendry county, NRLL has offered Port LaBelle lot owners prices that seemed to be reasonable at first. One owner reports that an offer was made to buy a lot for $26,500 several months ago by NRLL. On contacting the company they wanted the owner to sign a sales contract that did not provide any closing date, so the company could theoretically close whenever they wanted. After the seller objected, they sent a contract that did provide for a 90 day closing, but that still didn't get a quick sale either.
The contract "was subject to inspection" and sure enough, NRLL contacted the seller and said they weren't interested at the contract price after a so-called "inspection" of the property, but would "maybe" buy for $10,000 instead of $26,500. The seller elected not to go for what he believed to be a scam.
More recently, NRLL is sending solicitations to owners in Pioneer Plantation, again offering a "quick sale." When contacted at their 800 phone number, the company takes your information, and says because they are "so busy," someone will call back in about a week.
Actual prices paid by NRLL to lot owners in Hendry county recently have amounted to just several thousand dollars per lot, according to county courthouse records. But their re-sales prices of land they bought cheaply is a different matter. A Port LaBelle lot sale by a N.R.R.L. company to a Pompano Beach man was $26,500 recently. NRLL gets their mailing lists from the county tax assessor's records, which are public records.
The bottom line: Unless you want to "give away" your vacant lots, knowing the company will soon auction it off for a much higher price soon, don't bother responding to such junk mail offers and wasting your time.