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Author Topic: You will sell your mineral rights for your own good:  (Read 1112 times)
Galactic Bee
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Posts: 5535

Location: North Central PA

« on: August 13, 2010, 06:48:48 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?

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".
Galactic Bee
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Location: Wolfforth Texas

« Reply #1 on: August 13, 2010, 09:49:12 AM »

Did you know that in some states a "property owner" may not actually own the mineral rights?

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Universal Bee
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Location: boring, oregon

« Reply #2 on: August 13, 2010, 09:54:29 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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Galactic Bee
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Location: Hiram, Georgia

« Reply #3 on: August 13, 2010, 03:25:44 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?
House Bee
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Location: Batavia, Ohio

« Reply #4 on: August 20, 2010, 09:18:45 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!
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