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Author Topic: You will sell your mineral rights for your own good:  (Read 1995 times)

Offline buzzbee

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You will sell your mineral rights for your own good:
« on: August 13, 2010, 07:48:48 am »
Another assault on "private" property owners. I would like to know who determines a fair price and what happens if you don't sell?
http://www.businessweek.com/ap/financialnews/D9HHHGCO0.htm

This falls within the abuse of eminent domain forcing people to sell to a commercial industry.It was set up for things like highways, railways, defense bases and stuff like that. Not to help a business take what you own and a bureacracy to determine"fair value".

Offline Jerrymac

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Re: You will sell your mineral rights for your own good:
« Reply #1 on: August 13, 2010, 10:49:12 am »
Did you know that in some states a "property owner" may not actually own the mineral rights?
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Offline Kathyp

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Re: You will sell your mineral rights for your own good:
« Reply #2 on: August 13, 2010, 10:54:29 am »
a lot of states don't sell mineral rights.  lots don't sell water rights either.  you own the land, but not whats under/in it.

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Offline AllenF

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Re: You will sell your mineral rights for your own good:
« Reply #3 on: August 13, 2010, 04:25:44 pm »
I looked at some land once that the man selling was keeping the mineral rights for himself, just selling the land.   He had a gravel quarry on it and was eventually going to dig the whole place up selling gravel.   What good was that land he was selling?

Offline winginit

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Re: You will sell your mineral rights for your own good:
« Reply #4 on: August 20, 2010, 10:18:45 am »
When we bought our house, I asked the escrow agent about the mineral rights. He didn't know the answer and said that no one had ever asked the question!