Submitted by terry.graham1 on Wed, 04/17/2013 - 11:42
Documenting Royalty Income
Documenting Royalty Income
I am a loan officer and per FNMA guidelines I need to document continuance of income for 3 years on royalty payments made on oil wells in North Dakota. The signed leases only state it will continue as long as the wells are producing.
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Well, this is something that an attorney may help in clarifying!
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