[Durham INC] Homes sold in Durham minus mineral rights -- Fracking to come?

[TheOcean1 at aol.com]

It's been  a good number of years since I took the pre-license Real Estate 
class, and maybe  the curriculum has changed. What I recall is the 
statement, "from the core of  the earth to the highest heavens", or something to that 
effect.
 
I just  re-read the Offer To Purchase contract, and the words "Mineral 
Rights" aren't  mentioned anywhere. I've read a bunch of articles, and watched 
the youtubes, and  in one the fellow says that folks find out about it at the 
closing table - and  just want to close!
 
Since  Realtors are surely going to take blame, it would be very nice to 
know how  we can prevent it.  I suspect if this were to happen at one of my 
closings,  I'd tear up every piece of paperwork on the table.  But even that 
won't  effect the guy a few blocks away who sold his rights to a company 
capable of  drilling sideways.

Bill Anderson

REALTOR
(919) 282-8209 cell


_www.FrankWardRealtors.com_ (http://www.frankwardrealtors.com/) 

(919) 688-5811 Office
(919) 688-2094 Fax
theOcean1 at aol.com  
 

 
In a message dated 4/11/2012 7:45:13 P.M. Eastern Daylight Time,  
kjj1bg at yahoo.com writes:

Melissa, 
 Is this not being disclosed to buyers? Are we now going to have to  
purchase mineral rights separately from land/home? Could cities or counties  
prohibit this? 

Sent from my iPhone. Take typos and autocorrect errors lightly  please. 

On Apr 10, 2012, at 6:30 PM, Melissa Rooney <_mmr121570 at yahoo.com_ 
(mailto:mmr121570 at yahoo.com) >  wrote:





 
This really worries me, so I wanted to share the info  with those who I 
know care about what goes on beyond their personal property  lines:


Currently, houses in Durham are being sold minus the  mineral rights ... 
this is scary wrt the possibility of  Fracking and who knows what else.


See the links below. And please keep your eyes open  for any information 
pertaining to Fracking and Mineral Rights in Durham. We  will likely need to 
make our elected officials well aware of the hazards for  our county. 
 

Does  a Developer Sale of Mineral Rights to an Energy Company  Foreshadow
Fracking

_http://www.indyweek.com/indyweek/does-a-developers-sale-of-mineral-rights-t
o%20-an-energy-company-foreshadow-fracking/Content?oid=2970445_ 
(http://www.indyweek.com/indyweek/does-a-developers-sale-of-mineral-rights-to%20-an-ener
gy-company-foreshadow-fracking/Content?oid=2970445)  


It  is also in the Herald Sun:

Builder sells homes without mineral  rights. It was when he was 
finalizing the purchase of his new home in  Durham last month that 
Danny Conyers first heard the words "mineral  rights" brought up. [You 
may need to register to view this article.]  


_http://www.heraldsun.com/view/full_story/18181034/article-Builder-sells-hom
e_ 
(http://www.heraldsun.com/view/full_story/18181034/article-Builder-sells-home)   s-without-mineral-rights 

Here is a link to a video  about  Fracking in NC (by Durham resident Tina 
Motley Pearson for  Clean Water for NC):

Fracking for Natural Gas in NC...  Can it  Happen Here?

_http://www.youtube.com/watch?v=hsrVF-DVFz4_ 
(http://www.youtube.com/watch?v=hsrVF-DVFz4) 




--Melissa (Rooney)







_______________________________________________
Durham  INC Mailing List
_list at durham-inc.org_ (mailto:list at durham-inc.org) 
_http://www.durham-inc.org/list.html_ (http://www.durham-inc.org/list.html) 


=

_______________________________________________
Durham  INC Mailing  List
list at durham-inc.org
http://www.durham-inc.org/list.html


-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://rtpnet.org/pipermail/inc-list/attachments/20120412/df996c5a/attachment.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: logo.jpg
Type: image/jpeg
Size: 3025 bytes
Desc: not available
URL: <http://rtpnet.org/pipermail/inc-list/attachments/20120412/df996c5a/attachment.jpg>