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No disrespect, but the land is indeed "of no development value" why would any lending institution be willing to lend against it? (as opposed to you being willing to give it as security) If the word "development" was removed, is the statement still true? BTW, I'm no expert (you say you're new...

He, he, he. :D Very first "google" reference brings up the eBay listing for the item. 2nd hit is this thread! :p

Interesting... From the description, it sounds like the value is perceived to be in the title itself, and the land is a by-product of purchasing the title! So this, to me, is a collector's item and the value would be very difficult to ascertain as it would require specialist knowledge. (Try...