AbstractorPro (Real Title Services)
Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[+] Twitter - Heather Seymour/IN (3 replies)
7/7/2009 6:24:59 PM (3401 views)

[+] US Land Title, LLC - Serena Stout/VA (1 reply)
7/7/2009 6:06:29 PM (3583 views)

[+] how much work going on out there - Threasa Davis/KY (12 replies)
7/7/2009 10:23:42 AM (3759 views)

[+] Kensington - Dan Zook/NY (2 replies)
7/6/2009 2:12:49 PM (3546 views)

[+] can someone post Michael J's will - Cyril Gonzales, III/LA (10 replies)
7/2/2009 10:17:51 AM (3613 views)


Real Title Services


[+] Has anyone else been asked to d this? - NANCY WALLACE/NJ (15 replies)
7/1/2009 10:39:37 PM (3817 views)

[+] LandAmerica - Smitty Strickland/SC (20 replies)
7/1/2009 7:41:39 AM (4084 views)

[+] Question - Laurie E/MD (1 reply)
6/29/2009 6:29:09 PM (3466 views)

[-] mineral/oil/gas liability - Nathan Miller/KY (4 replies)
6/29/2009 5:05:45 PM (3624 views)
Re: mineral/oil/gas liability - Ray Young/GA
6/30/2009 8:58:25 AM (2983 views)
Re: mineral/oil/gas liability - Jeanine Johnson/MN
6/30/2009 2:23:25 PM (2881 views)
Re: mineral/oil/gas liability - Alix Ott/MI
6/30/2009 5:57:19 PM (2969 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

to post a reply: login - or - register


Re: mineral/oil/gas liability - GARY IMES/WV
7/6/2009 12:55:09 PM (2929 views)

[+] American Abstract - Garret  Fitzgerald/VA (5 replies)
6/29/2009 10:01:46 AM (3498 views)

[+] MORTILES, LLC - martha campbell/VA (2 replies)
6/29/2009 6:44:13 AM (7744 views)

[+] Title Agency Support Services (KY company) - Alix Ott/MI (2 replies)
6/28/2009 9:33:16 PM (3580 views)

NALTEA October Conference - Lynn Hammett/SC
6/28/2009 6:37:19 PM (2702 views)

[+] Info on Abstractors A Go Go - george Hubka/MI (10 replies)
6/26/2009 10:34:26 PM (4875 views)

[+] Contemporary Title dba Texas Pioneer Title Advantage Title Partners LLC. - Dan Zook/NY (5 replies)
6/26/2009 10:16:45 AM (5784 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8923 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

National Settlement Services Summit NS3 - 2024
Denise. Williams.'s Blog
2024/06/30
0 comments

Unveiling the Costs: Why Commercial Title Searches Command a Premium
Security American's Blog
2024/04/17
0 comments

Protecting Your Home: The Ins and Outs of Deed Theft and How to Shield Yourself
Security American's Blog
2024/03/21
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

NAR Offers Support for New Biden Housing Plan
“Executive agencies have the power to act quickly to promote homeownership. We applaud the Biden Administration...
Pending Home Sales Dropped 2.1% in May
“The market is at an interesting point with rising inventory and lower demand,” said NAR Chief Economist Law...
Housing Affordability Conspicuously Absent from Presidential Debate
“The housing affordability crisis is a top national concern and Americans will take notice why the presidential ca...
Statement on Request for Proposal to Identify Potential Suppliers for Fannie Mae's Title Acceptance Pilot
Fannie Mae today issued a Request for Proposal (RFP) to identify potential suppliers to participate in a Title Acceptanc...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage rates were mostly lower last week, with the 30-year fixed rate declining slightly to 6.93 percent, the l...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.