surface rights: Buyer’s need to Understand Title Insurance Commitment’s - 04/09/13 12:37 AM
This article was originally posted by a REALTOR® in Texas.  Nevertheless, the information is relevant for buyers in Oklahoma who are trying to understand their title opinion.
Keep in mind, however, that you cannot get title insurance on the mineral estate. 
Title insurance was only ever intended to cover the attorney's opinion regarding the surface estate.
What gets confusing for me is that even when a property is being conveyed in fee simple, the title insurance will make an Exception in Schedule B of the title insurance policy regarding the oil, gas & other minerals.
So if you want to know … (9 comments)

surface rights: PUTTING A CAKE UNDER YOUR ICING -- PURCHASING MINERAL RIGHTS - 09/07/08 02:16 PM
I had a very pleasant experience at a closing in Poteau last week.
The buyers were from Minnesota and after four months of looking, we found the perfect house on 15 acres in Wister, Oklahoma.  There's a view of a mountain off every porch in all four directions.  It's an awesome property.  The house was built from the materials salvaged from the old barn that had once stood on the site.
Just one problem:  the sellers did not own the mineral rights.
You have to understand what the search parameters were in looking for this "perfect place to retire:"
good dirt for … (2 comments)

 
Debbie Durkee, ALC, CRS -- Land & Country Estates near Tulsa (Coldwell Banker Select, Realtors -- Tulsa, Oklahoma) Rainmaker large

Debbie Durkee

ALC, CRS -- Land & Country Estates near Tulsa

Tulsa, OK

More about me…

Coldwell Banker Select, Realtors -- Tulsa, Oklahoma

Address: 3010 S. Harvard Avenue, Suite 200, Tulsa, OK, 74114

Mobile: (918) 724-8201

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AuthorBio: Debbie Solano has earned two Masters degrees: 1) an MLS (Masters in Library Science) from SUNY at Albany, School of Library and Information Science, 1978 and 2) an M.Div (Masters in Divinity) from Southern Methodist University, Perkins School of Theology, 1997. Debbie earned her Oklahoma Real Estate license in 1994 and has been a REALTOR full time since 2005. She is a member of the Greater Tulsa Board of REALTORS®(GTAR) and a member of the Northeast Oklahoma Board of REALTORS® (Grand Lake), the Oklahoma Association of REALTORS® (OAR), and the National Association of REALTORS® (NAR). She is also an active member of the American Association of Professional Landmen (AAPL) and the REALTORS® Land Institute (RLI). Her professional real estate designations include: CRS, ABR, AHWD, CHMS, e-PRO, GRI, REOS, and SRES. She currently serves as the Membership Chairperson for the Oklahoma Chapter of the Council of Residential Specialists. Debbie is a Volunteer Visitor in the Pastoral Care Department at St. John Medical Center in midtown Tulsa. She is also a member of the choir at the Church of St. Mary in Brookside. View all AR Posts by Debbie Solano Midtown Tulsa Real Estate Oklahoma Horse Properties Oklahoma Land and Ranches Tulsa Short Sale Agents Rent Beachfront Vacation Villas at Cancun Family Resorts and Spa Hotels Rent Beachfront Vacation Villas at Riviera Maya Playa del Carmen Family Resorts and Spa Hotels Tulsa Real Estate Web Northeast Oklahoma Real Estate Tulsa News and Real Estate Information Google+


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