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



Title Insurance Kickbacks - michael rafferty/VA
8/16/2014 3:30:33 PM (3413 views)

Florida condos may convert to rentals at any time - Patricia Woodruff/FL
8/12/2014 10:37:08 AM (3027 views)

[+] Beware of O&E Commercial Title - Douglas Hopkins/GA (7 replies)
8/11/2014 10:33:24 AM (4897 views)

[+] Global Info Solutions, LLC - JOSEPH EMERSON/MN (9 replies)
8/4/2014 4:22:54 PM (6928 views)

[+] Knowledge Splice - Russ  Kern/GA (11 replies)
7/31/2014 1:26:09 PM (2838 views)


Real Title Services


[+] SLK Global - HOPE DEZERN/SC (10 replies)
7/30/2014 2:29:59 AM (2894 views)

[-] Do You Check for Mineral Rights on Title Searches - David Bloys/TX (8 replies)
7/29/2014 10:22:58 AM (4236 views)
Re: Do You Check for Mineral Rights on Title Searches - Judy Mac/LA
8/4/2014 8:42:17 AM (1423 views)
Re: Do You Check for Mineral Rights on Title Searches - Scott Perry/PA
8/4/2014 11:41:31 PM (1446 views)
Re: Do You Check for Mineral Rights on Title Searches - David Bloys/TX
8/5/2014 1:22:18 AM (1430 views)
Re: Do You Check for Mineral Rights on Title Searches - Allen Bruce/OH
8/5/2014 7:44:46 AM (1362 views)
Re: Do You Check for Mineral Rights on Title Searches - Alix Ott/MI
8/11/2014 7:45:21 AM (1460 views)

Unless you are familiar with the dormancy acts in your state, don't suppose that if 20 years has passed and you don't see any activity, that the minerals belong to the surface owner.  What if those rights were severed in 1950 and that TOTALLY SEPARATE CHAIN has been kept active?  How would you know?  Nothing is going to show up  in your surface owner's chain.

 What if there's an active well on the property?  Since it is HBP (Held By Production), the dormancy laws don't affect it.  I did oil/gas work in Ohio several years ago that had active wells that started producing around 1920 and still produce today.  Again, totally separate chain of title.  (With 20 or 30 or 50 outsales of royalty percentages -- it was a nightmare.  Searching one parcel took me a week.)

When you report oil/gas leases, having a disclaimer (I think Scott mentioned his?) is the way to go.  Dangerous to give your client (usually title or mortgage company) the impression that the surface owner has the rights based on an oil/gas lease THAT MAY HAVE BEEN SLAPPED ON THERE WITHOUT A SEARCH HAVING BEEN DONE SIMPLY TO SECURE THE POSSIBILITY OF LEASING THE LAND.

Finally, 100 year search is not foolproof, especially in a state like PA where coal has been mined prior to that.  PA separates their coal from oil/gas, but still it muddies the water.  AND there's no dormancy act there.  100 years is not safe.  Back to Patent is the norm in the oil/gas industry.

to post a reply: login - or - register


The Title Underwriter's Take on Mineral Rights - Victoria Moate/NJ
8/25/2014 10:54:40 AM (1251 views)
Re: Do You Check for Mineral Rights on Title Searches - MARC DAVIS/PA
8/3/2015 1:59:48 PM (1083 views)
Re: Do You Check for Mineral Rights on Title Searches - Jim Ashley/WV
8/27/2014 8:53:33 AM (1271 views)

[+] Has everyone already been paid by Red Vision this month? - Jane Clodfelter/MO (4 replies)
7/29/2014 7:54:45 AM (2761 views)

[+] Has anyone worked with TitleVest out of NY? - Jennifer Burns/AR (1 reply)
7/28/2014 11:48:48 AM (2377 views)

[+] Comment on "Judge: Current Owner Searches are Reasonable for Purchases" - Source of Title/OH (1 reply)
7/28/2014 9:25:55 AM (2587 views)

[+] Altisource out of Atlanta - Verlene Miller/AL (13 replies)
7/24/2014 12:12:34 PM (3644 views)

NJ Chancery Search - John Sauers/NY
7/24/2014 9:37:27 AM (2154 views)

[+] UPDATE: Using Source of Title in Compatibility View - Slade Smith/OH (2 replies)
7/21/2014 2:42:10 AM (1855 views)

[+] E &O Insurance Renewal - Richard Primmer/RI (7 replies)
7/18/2014 8:52:58 PM (2329 views)

[+] Equity National Title - Shona Dunning/WY (1 reply)
7/18/2014 1:13:40 PM (2646 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.
Rockwood Programs, Inc.
Directory

The Source of Title Business directory has 8936 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:

Unique Aspects of Title Search in Virginia
Security American's Blog
2024/07/08
2 comments

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

Articles

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

Attorney General Schwalb Secures $500,000 from Title Insurance Company for Engaging in Illegal Kickback Scheme
“My office is committed to ending illegal kickback schemes in the title insurance industry,” said District o...
MBA White Paper: Reforms Needed to RESPA Section 8 to Better Serve Consumers, Mortgage Market
“It is time to have a conversation about the purpose and effectiveness of RESPA Section 8. At 50 years old, there ...
New Home Sales Rise in September as Mortgage Rates Ease
“Despite challenging affordability conditions, home builder confidence edged higher in October as they anticipate ...
First American Named One of the Fortune Best Workplaces for WomenT by Great Place to Work® for Ninth Consecutive Year
“It is a source of great pride to everyone at First American to be named one of the best workplaces for women for ...
NotaryCam Launches 'Done For You' eClosing Program, Streamlining Lenders' Path to Electronic Mortgage Closings
“Where I’ve had the most success from the lender’s seat is finding a title/settlement partner that cou...

Search Articles:
browse...

Classifieds

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

Searcher wanted Columbia Co NY
October 30 2024
Looking for abstractor/searcher in Columbia County NY
With on site record room access. Occasional searches and document retrieval.
Send rate schedule to abstractorcloser@aol.com ...[more info]


email
© 2020, Source of Title.