American Acres, Inc., is a New York City based company, in conjunction with the launch of its new web site, http://www.OwnaPieceOfAmerica.com, will be promoting its Own A Piece of America program by offering one square inch parcels of land free to all Internet visitors.
Later this year American Acres, Inc. will start selling legal deeds of land, a "Deed to the United States", entitling the purchaser to "Own A Piece of America" and claim legal ownership to land in all 50 states at one time on one legal document.
Both the individual State Deed and the 50 State Deed (the "Deed to the United States") entitle bearers to ownership in the form of a quit claim deed with each parcel being approximately one-square inch or a 6,272,640th undivided interest in each one acre property.
As indicated on the website Owners won't have to pay taxes of any kind ever, and will not be required to mow, pick up trash, or comply with any local, state or federal regulations. But buyer beware, these mini estates can't be built on, lived on or retired on.
Owners cannot make any improvements or develop the parcels. Owners shall not occupy the parcels and must grant rights of ingress and egress over their parcel. Ownership of the one-square inch "parcels in the "Own a Piece of America" program is available only at http://www.OwnAPieceofAmerica.com, and each parcel is certified by individually numbered, Deeds registered with American Acres, Inc. in the owners name and will be listed in the Landholder Property Registration Roll on the website.
The exact location of the land is indicated on the individual State Pages or Property Location Guide to all 50 States to which purchasers will have access once they are a registered owner. They can check back anytime to see their name and find out who their neighbors are.
Or they can send friends there to check-it-out. The project has taken well over 10 years to put together by president Scott Moger, with the land purchased one acre at a time, state by state, by American Acres Inc. A no action letter was issue by the United States Securities and Exchange Commission (SEC) as well as the Attorney General of New York State stating that the deeds are to be sold as novelty items and not as investments. In fact, there is a long list of Covenants and Restrictions on the www.OwnAPieceofAmerica.com website and visitors should take heed. Deeds will be sold on the website for as little as $2.95.
Deed received immediately via email in case you forgot to shop for a present for someone important, to a little more decorative version imprinted with their name and parcel numbers and framed or mounted on a plaque.
So, I immediately bought me a piece of Utah! A fine present to myself, I thought, an Ex-Mormon!