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Re: Your thoughts on mineral rights
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Posted by Dozerboss on September 18, 2004 at 11:16:31 from (207.69.140.20):
In Reply to: Re: Your thoughts on mineral rights posted by VaTom on September 18, 2004 at 05:27:04:
The pitfall for the buyer is he will have spent money on a title search, possibly a survey, then find out he can't own the land outright. Most times the attorney is selling the title insurance policy and you don't see the search results until the closing or get the policy until after when it arrives in the mail. By the time you get to closing you have already hired a lawyer too. There should be disclosure laws before any of this happens. All the people we elect to make laws are mostly lawyers, and we can never expect to have laws and disclosures written in plain english as long as they make the laws. Like the guy getting rich advised the other above, you need an attorney........that's how they maintain their advantage. Now you can get a title search company to handle real estate closings in some states like FLA, and cut out the attorneys fees. Finally some sanity and common sense, unfortunately limited and not nationwide.
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