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[+] US Land Title, LLC - Serena Stout/VA (1 reply)
7/7/2009 6:06:29 PM (3854 views)

[+] how much work going on out there - Threasa Davis/KY (12 replies)
7/7/2009 10:23:42 AM (4053 views)

[+] Kensington - Dan Zook/NY (2 replies)
7/6/2009 2:12:49 PM (3830 views)

[+] can someone post Michael J's will - Cyril Gonzales, III/LA (10 replies)
7/2/2009 10:17:51 AM (3944 views)

[+] Has anyone else been asked to d this? - NANCY WALLACE/NJ (15 replies)
7/1/2009 10:39:37 PM (4171 views)


Real Title Services


[+] LandAmerica - Smitty Strickland/SC (20 replies)
7/1/2009 7:41:39 AM (4473 views)

[+] Question - Laurie E/MD (1 reply)
6/29/2009 6:29:09 PM (3798 views)

[-] mineral/oil/gas liability - Nathan Miller/KY (4 replies)
6/29/2009 5:05:45 PM (3962 views)
Re: mineral/oil/gas liability - Ray Young/GA
6/30/2009 8:58:25 AM (3934 views)
Re: mineral/oil/gas liability - Jeanine Johnson/MN
6/30/2009 2:23:25 PM (3777 views)
Re: mineral/oil/gas liability - Alix Ott/MI
6/30/2009 5:57:19 PM (3869 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 (3849 views)

[+] American Abstract - Garret  Fitzgerald/VA (5 replies)
6/29/2009 10:01:46 AM (3861 views)

[+] MORTILES, LLC - martha campbell/VA (2 replies)
6/29/2009 6:44:13 AM (8453 views)

[+] Title Agency Support Services (KY company) - Alix Ott/MI (2 replies)
6/28/2009 9:33:16 PM (3938 views)

NALTEA October Conference - Lynn Hammett/SC
6/28/2009 6:37:19 PM (2921 views)

[+] Info on Abstractors A Go Go - george Hubka/MI (10 replies)
6/26/2009 10:34:26 PM (5200 views)

[+] Contemporary Title dba Texas Pioneer Title Advantage Title Partners LLC. - Dan Zook/NY (5 replies)
6/26/2009 10:16:45 AM (6121 views)

[+] Old Republic Default Management Services - Edward Huguenin/SC (3 replies)
6/24/2009 2:03:19 AM (4471 views)


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