News Desk

Predatory Land Purchase Companies Shut Down in Iowa

Iowa Attorney General Tom Miller found three companies — Land Acquisitions, CRT Acres, and Westward Landholdings — in violation of the Consumer Fraud Act. After receiving complaints in 2021 and 2022, the AG’s office opened an investigation. The companies mailed unsolicited land purchase agreements to landowners offering a fraction of fair market value and encouraging the recipient to sign and send back for acceptance. Miller expressed concern that the agreement provides no assurance that the landowner has the legal capacity to execute the real estate contract. His office issued a statement that said the solicitation provides “no benefit to the consumer while putting Iowa farm owners at risk of substantial and unavoidable harm.” Owners of all three companies have denied violating the law or misleading landowners but have agreed to permanently cease solicitations within the state of Iowa. Read more HERE.

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