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MineralMan

(146,288 posts)

4. Did they not read the closing documents?

Reply to dkf (Original post)

Thu Oct 10, 2013, 01:18 PM

Oct 2013

Did they not read any of it?

Sorry. This is very common, and is always disclosed. It is a negotiating point, unless you are buying into a condominium development, in which case it will be take it or leave it.

People are stupid about real estate investments. They sign stacks of papers without even a glance. It is a puzzlement.

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7 replies

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Highlight:

U.S. builders hoard mineral rights under new homes [View all] dkf Oct 2013 OP

Woah! That's devious! AZ Mike Oct 2013 #1

It is clearly listed on the deed when they bought the land they did not own the mineral rights.. fitman Oct 2013 #3

This is nothing new and no real big deal fitman Oct 2013 #2

Did they not read the closing documents? MineralMan Oct 2013 #4

no doubt, it's a surprise for folks in the East. uncle ray Oct 2013 #6

Split estates are very common in the west Abq_Sarah Oct 2013 #5

I am in the middle of the Utica shale boom, that is not uncommon around here. Some land owners found doc03 Oct 2013 #7