Friday, June 5, 2009

those illusive mining rights can really screw with your plans

I have a customer who is trying to buy a farm out here in the country on which to home school his children, raise organic beef and chickens, vegetables...basically live out his dream.It took some time but he found a parcel of 65 acres. We ran the title search and discovered that coal and mining rights had been conveyed to a local coal mining company back in 1967. The deed was pretty scary. It

those illusive mining rights can really screw with your plans

I have a customer who is trying to buy a farm out here in the country on which to home school his children, raise organic beef and chickens, vegetables...basically live out his dream.It took some time but he found a parcel of 65 acres. We ran the title search and discovered that coal and mining rights had been conveyed to a local coal mining company back in 1967. The deed was pretty scary. It

the title agent and surveyor did their job and the county engineer still ignored it

They built their parking lot over the right of way! People - read the reports before you build!The title search was put together by the Ohio Bar Title Insurance Co., with Bill Geyer as local agent. Title insurance of $200,000 was taken out.Noted in the title search is that two of the tracts of land were separated from the remaining purchased land by a strip of land that was former railroad

the title agent and surveyor did their job and the county engineer still ignored it

They built their parking lot over the right of way! People - read the reports before you build!The title search was put together by the Ohio Bar Title Insurance Co., with Bill Geyer as local agent. Title insurance of $200,000 was taken out.Noted in the title search is that two of the tracts of land were separated from the remaining purchased land by a strip of land that was former railroad

these e-mail excerpts are fascinating

Excerpts of E-Mails From Angelo Mozilo Sept. 26, 2006 — following up a meeting with Sambol the previous day about the Pay-Option ARM loan portfolio: We have no way, with any reasonable certainty, to assess the real risk of holding these loans on our balance sheet. The only history we can look to is that of World Savings however their portfolio was fundamentally different than ours in that

these e-mail excerpts are fascinating

Excerpts of E-Mails From Angelo Mozilo Sept. 26, 2006 — following up a meeting with Sambol the previous day about the Pay-Option ARM loan portfolio: We have no way, with any reasonable certainty, to assess the real risk of holding these loans on our balance sheet. The only history we can look to is that of World Savings however their portfolio was fundamentally different than ours in that