Replies to This Discussion

Permalink Reply by Susan Johnson on December 4, 2012 at 1:42am

It is a tough situation.  Mortgage companies/banks are taking quite a hard stance on allowing drilling on mortgage property.  In some cases as soon as they hear the word fracking, they make it nearly impossible to get approval.  If you are part of Bob Rea's landowner's group that got the BP deal, you may ant to contact him to get his advice, he may be able to point you in the right direction.  I am sure he has had a lot of experience with title issues and mortgage issues for leased property.

Good luck.

Permalink Reply by Amanda Gail on December 18, 2012 at 4:51am

I know someone who is having problems with their mortage company. BP didn't like the restrictions that Chase put on the property. So BP said they wanted to pay the mortage off and any money that was left would be given to the property owner. Paying chase off is what the home owner was going to do anyways. Now its past BP deadline and everything has to be sent through the process again. The funny thing is this person has great credit and is getting the run around. I know another man who has a mortage through chase, has horrible credit, and owes 250000.00 to chase but he got his money with no questions.