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[+] E + O insurance + realtors - CHRISTIE NIELSEN/ID (3 replies)
7/10/2009 2:20:04 PM (3835 views)

[+] E&O - Co. says I have to match THEIR insurance - Alix Ott/MI (21 replies)
7/10/2009 1:30:20 PM (4049 views)

[+] Twitter - Heather Seymour/IN (3 replies)
7/7/2009 6:24:59 PM (3691 views)

[+] US Land Title, LLC - Serena Stout/VA (1 reply)
7/7/2009 6:06:29 PM (3870 views)

[+] how much work going on out there - Threasa Davis/KY (12 replies)
7/7/2009 10:23:42 AM (4088 views)


Real Title Services


[+] Kensington - Dan Zook/NY (2 replies)
7/6/2009 2:12:49 PM (3844 views)

[+] can someone post Michael J's will - Cyril Gonzales, III/LA (10 replies)
7/2/2009 10:17:51 AM (3966 views)

[+] Has anyone else been asked to d this? - NANCY WALLACE/NJ (15 replies)
7/1/2009 10:39:37 PM (4187 views)

[+] LandAmerica - Smitty Strickland/SC (20 replies)
7/1/2009 7:41:39 AM (4492 views)

[+] Question - Laurie E/MD (1 reply)
6/29/2009 6:29:09 PM (3824 views)

[-] mineral/oil/gas liability - Nathan Miller/KY (4 replies)
6/29/2009 5:05:45 PM (3987 views)
Re: mineral/oil/gas liability - Ray Young/GA
6/30/2009 8:58:25 AM (3983 views)
Re: mineral/oil/gas liability - Jeanine Johnson/MN
6/30/2009 2:23:25 PM (3814 views)
Re: mineral/oil/gas liability - Alix Ott/MI
6/30/2009 5:57:19 PM (3919 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 (3899 views)

[+] American Abstract - Garret  Fitzgerald/VA (5 replies)
6/29/2009 10:01:46 AM (3879 views)

[+] MORTILES, LLC - martha campbell/VA (2 replies)
6/29/2009 6:44:13 AM (8473 views)

[+] Title Agency Support Services (KY company) - Alix Ott/MI (2 replies)
6/28/2009 9:33:16 PM (3969 views)

NALTEA October Conference - Lynn Hammett/SC
6/28/2009 6:37:19 PM (2964 views)


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