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NY - Deed Transfers - lost titles - Clanci Nelson/OH
7/16/2009 4:03:33 PM (3173 views)

[+] I'm Curious - AbstractorWatchdog com/NY (6 replies)
7/16/2009 11:35:12 AM (3844 views)

[+] Working with Service Link - Ken Ungarsohn/NJ (4 replies)
7/16/2009 10:24:22 AM (5049 views)

[+] eTitle or e-Title - Alix Ott/MI (2 replies)
7/10/2009 4:38:00 PM (4165 views)

[+] E + O insurance + realtors - CHRISTIE NIELSEN/ID (3 replies)
7/10/2009 2:20:04 PM (3971 views)




[+] E&O - Co. says I have to match THEIR insurance - Alix Ott/MI (21 replies)
7/10/2009 1:30:20 PM (4177 views)

[+] Twitter - Heather Seymour/IN (3 replies)
7/7/2009 6:24:59 PM (3819 views)

[+] US Land Title, LLC - Serena Stout/VA (1 reply)
7/7/2009 6:06:29 PM (3983 views)

[+] how much work going on out there - Threasa Davis/KY (12 replies)
7/7/2009 10:23:42 AM (4192 views)

[+] Kensington - Dan Zook/NY (2 replies)
7/6/2009 2:12:49 PM (3963 views)

[+] can someone post Michael J's will - Cyril Gonzales, III/LA (10 replies)
7/2/2009 10:17:51 AM (4148 views)

[+] Has anyone else been asked to d this? - NANCY WALLACE/NJ (15 replies)
7/1/2009 10:39:37 PM (4315 views)

[+] LandAmerica - Smitty Strickland/SC (20 replies)
7/1/2009 7:41:39 AM (4631 views)

[+] Question - Laurie E/MD (1 reply)
6/29/2009 6:29:09 PM (3974 views)

[-] mineral/oil/gas liability - Nathan Miller/KY (4 replies)
6/29/2009 5:05:45 PM (4115 views)
Re: mineral/oil/gas liability - Ray Young/GA
6/30/2009 8:58:25 AM (4297 views)
Re: mineral/oil/gas liability - Jeanine Johnson/MN
6/30/2009 2:23:25 PM (4122 views)
Re: mineral/oil/gas liability - Alix Ott/MI
6/30/2009 5:57:19 PM (4209 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 (4201 views)


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