The most important One percent of the amount of the mortgage loan. For example, if a loan is made for $50,000, one point equals $500. to understand about mineral rights is this: If the seller owns any mineral rights they automatically transfer to the buyer unless they are reserved and held by the seller. The value and existence of mineral rights are not easily determined.
Real Estate Agents, Appraisers and Title Company’s do not provide information regarding the ownership of mineral rights and associated terms and leases. Sometimes the seller has this information. We are often directed to hire a “Land Man” to research mineral rights. The right to, and the ownership of, property. A title or deed is sometimes used as proof of ownership of land. commitments do not include information about mineral rights. In most situations, the transference of mineral rights is negotiated in the terms of the sales contract.
We help you understand the right questions to ask regarding mineral rights, contract addendum’s, and what to do about mineral rights.
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