Deed of Trust - CHK using oil and gas lease properties to secure loans from Deutsche Bank

Has anyone else noticed this?

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015334grltd9mPermalink Reply by 015334grltd9m on November 4, 2013 at 3:59pm

Yeah, a long time ago.

Permalink Reply by Todd on November 4, 2013 at 4:01pm

Lol... ok, well I just saw this in my county!

Could you elaborate? 

Thanks,

Todd

Permalink Reply by Chris on November 5, 2013 at 2:18am

its fairly common for companies to use their leasehold as collateral.

Permalink Reply by Todd on November 5, 2013 at 6:27am

Ok, thanks Chris.

I wasn't familiar with this prior to seeing it recently in my county.

Does this decrease the value of property that is included in the Deed?  Of course, if the company defaults, then the bank owns the lease!

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