Old Real Estate Law Helps Cure Buyer’s Remorse - NYTimes.com

Old Real Estate Law Helps Cure Buyer’s Remorse - NYTimes.com: "The ILSA law came about in response to the midcentury land boom in states like Florida and Arizona. Developers and brokers in boiler rooms not unlike the office depicted in David Mamet’s play “Glengarry Glen Ross” would market properties, sight unseen, to Northern buyers. President Lyndon B. Johnson told Congress in 1967 that he hoped the legislation would “give our investors better protection in their purchases of undeveloped land.”"

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