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[+] Kensington - Dan Zook/NY (2 replies)
7/6/2009 2:12:49 PM (3788 views)

[+] can someone post Michael J's will - Cyril Gonzales, III/LA (10 replies)
7/2/2009 10:17:51 AM (3899 views)

[+] Has anyone else been asked to d this? - NANCY WALLACE/NJ (15 replies)
7/1/2009 10:39:37 PM (4127 views)

[+] LandAmerica - Smitty Strickland/SC (20 replies)
7/1/2009 7:41:39 AM (4422 views)

[+] Question - Laurie E/MD (1 reply)
6/29/2009 6:29:09 PM (3759 views)




[-] mineral/oil/gas liability - Nathan Miller/KY (4 replies)
6/29/2009 5:05:45 PM (3914 views)
Re: mineral/oil/gas liability - Ray Young/GA
6/30/2009 8:58:25 AM (3808 views)
Re: mineral/oil/gas liability - Jeanine Johnson/MN
6/30/2009 2:23:25 PM (3669 views)
Re: mineral/oil/gas liability - Alix Ott/MI
6/30/2009 5:57:19 PM (3754 views)

Nathan:  AT LEAST YOU AND THE OTHER ABSTRACTORS WHO HAVE COMMENTED HERE ACTUALLY UNDERSTAND THE DANGER!  Jeez, I'm tired of telling title companies how much liability they're taking on when they start talking mineral rights.

I'm actually a Landman (oil/gas title person) and a mortgage-end-of-the-business abstractor.  Having run title for oil/gas in your state (and WV and PA and my own state of Michigan) I urge you in no uncertain terms to explain that if they want a mineral rights and/or oil/gas rights (sometimes those are wrapped in with minerals; sometimes not -- depends on the state), they should contact a Landman.  The search fee could be VERY high depending on the difficulty.  (Landmen often do entire sections back to patent, listing all documents along the way, and those projects can cost tens of thousands of dollars.)  Please do NOT do oil/gas/mineral searches unless you have someone experienced in your state explain the pitfalls.  Some mortgage abstract people can never make the switch to thinking in multiple layers, but I believe any good mortgage abstractor can switch to minerals with just a little extra training.  (Landmen tend to be a bit prissy about their abilities.)

I have a two page letter explaining in excruciating detail why a mortgage/title company should not insure for minerals when they're really only dealing with the surface.  It does lean towards Michigan (which has a 20 year dormancy law), but it is pretty generic and you're welcome to plagiarize it.  Please e-mail me directly at           oily@ArgentTitleResearch.com

Alix

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Re: mineral/oil/gas liability - GARY IMES/WV
7/6/2009 12:55:09 PM (3729 views)

[+] American Abstract - Garret  Fitzgerald/VA (5 replies)
6/29/2009 10:01:46 AM (3805 views)

[+] MORTILES, LLC - martha campbell/VA (2 replies)
6/29/2009 6:44:13 AM (8387 views)

[+] Title Agency Support Services (KY company) - Alix Ott/MI (2 replies)
6/28/2009 9:33:16 PM (3894 views)

NALTEA October Conference - Lynn Hammett/SC
6/28/2009 6:37:19 PM (2884 views)

[+] Info on Abstractors A Go Go - george Hubka/MI (10 replies)
6/26/2009 10:34:26 PM (5158 views)

[+] Contemporary Title dba Texas Pioneer Title Advantage Title Partners LLC. - Dan Zook/NY (5 replies)
6/26/2009 10:16:45 AM (6069 views)

[+] Old Republic Default Management Services - Edward Huguenin/SC (3 replies)
6/24/2009 2:03:19 AM (4424 views)

[+] Ace National - Deborah Zitelli/PA (19 replies)
6/23/2009 10:59:38 AM (3985 views)

Business Software - Jason Beter/WV
6/22/2009 2:02:35 PM (2979 views)


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