 raymond
Community Experts
Joined: 03 Jul 2009
Posts: 315
Location: Irvine, CA
60.39 Dollars($)
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 Posted: Wed Nov 04, 2009 7:12 pm Post subject: |
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Will you be holding Title in "fee simple"? If yes, there won't be any restrictions. If there are mineral right restrictions, they should be outlined in your Warranty Deed.
I purchased land in New Mexico about 10 years ago, with a Warranty Deed, and things didn't go well, but I didn't purchase Title Insurance, so I wasn't protected. Be sure you purchase Title Insurance with your purchase, but before completing the transaction, confirm there aren't any mineral rights restrictions.
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Raymond
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