Lein on property

CKH HAS A LEIN ON MY PROPERTY FOR 500 MILLION THEY SAY ITS AGAINST GAS OIL RIGHTS BUT THE WHEN YOU DO TITLE SEARH COMES UP WITH LEIN OM YOUR PROPERTY TRYED REFINACE AN NO BANK WILL TOUCH ME BECAUSE OF THIS AN YES I BEEN ON PHONE WITH THEM AN THEY SAY ITS COMMON FOR THE TO DO THJIS BUT ITS AGAINST GAS OIL RIGHT I FAX THEM THE LETTER I HAVE THEY SAID THEY WOULD LOOK INTO IT I AM IN BEAVER COUNTO OHIOVILLE BOR 15059- 724 643- 1803  WIL THIS ATTACHED TO MY HOME I CAN NOT DO ANYTHING SELL OR REFINACE  THE 500 MILLION IS CREDITLINE ALSO SO EVRYONE SHOULD DO TITLE SEARCH I HAVE FREIND IN FREEDOM PA SAME THING ON HIS LAND

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Permalink Reply by Frank Nesmith on November 19, 2013 at 5:05pm

Do you have a document you can post that shows that? I believe you, but we've all heard of this and I have yet to see an actual document that shows it's true.

Permalink Reply by Frank Nesmith on November 19, 2013 at 5:13pm

I forgot to say that I'm really sorry to hear this Garry. Have you checked with your neighbors to see if they have the same problem? Maybe you all could get together and do something. That really bites.

Permalink Reply by Garry L Miller on November 19, 2013 at 6:37pm

i can fax it to you if i take pic its all white will send both pages none of the others have this lein why i have no clue i can not refinace my home to get lower rate was trying to buy dump truck when Refinace but thats what come up an they run from it not 1 bank but 2 others did to

Permalink Reply by Garry L Miller on November 19, 2013 at 6:38pm

PLEASE SEND FAX NUMBER MAYBE YOU CAN POST IT

Permalink Reply by Francine Booker on November 19, 2013 at 10:38pm

This is not as unusual as people may think.   Drilling takes money, to get the money, drillers need to have investors, investors want their money secured in some fashion - hence the liens.

Additionally, investors expect a certain amount of resources to be produced.  Their expectations are typically based on numbers provided to them by the drilling corporations.  These numbers seldom meet expectations and are more hype than reality.  This sets off a loop whereby drillers need more investors to drill more wells to meet production expectations and so on.

Going back as far as 2011, there have been a number of articles, which have been downplayed by the natural gas industry, about drilling leases and their impact on obtaining a mortgage or refinancing of a property.   see: http://www.nytimes.com/2011/10/20/us/rush-to-drill-for-gas-creates-...)

Additionally, a number of drilling corporations fail to pay their sub-contractors, and this has led to mechanic liens being placed on the properties, leaving the property owner responsible for payment.  So in addition to checking for liens placed on the property by the drilling corporation, you will want to do periodic reviews for mechanic liens from subcontractors.

Hope your royalty checks are sufficient to cover these costs.



Permalink Reply by Garry L Miller on November 20, 2013 at 12:54pm

LMBO i wont just peees me off i guess i will have to find a lender who will deal  with this

Permalink Reply by Bill F. on December 6, 2013 at 7:03am

@ Chip ….why should a O& G company have the right to inconvenience landowners with their business tacts and infringe on a landowners right to secure a loan or other finance without having to hunt for a bank willing to agree to O & G business .As far as I"m concerned it seems like a legal issue that merits talking with counsel .Since the beginning of all this O &G drilling it's been a constant pain in the ass as far as I'm concerned .Everyday more issues arise to the negative .

Permalink Reply by searcherone on November 20, 2013 at 2:30am

Garry, if you are willing to share the info. What  type of property is involved here--a house and small acreage or lots of acreage?  Did you have any debt on the property or is it all paid for?   I am trying to figure out why they choose your property and not your neighbors.   And perhaps see some "right" of yours that has been violated.

Thanks for the courage to post about your situation.  Silence is what those who do under handed business dealings want.

Permalink Reply by Garry L Miller on November 20, 2013 at 6:30am

hope this works

 

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Permalink Reply by Markus on November 20, 2013 at 8:13am

Garry - the images are clear for viewing and I want to thank you for sharing this...I feel for you.   I very much agree with Andrew on this - the lawyers arranging all of these high finance deals are being paid very well for their work...I struggle to see why you or your property should be clouded by their structuring of such financing.

Permalink Reply by craig on November 20, 2013 at 9:06am

If you have a lease with CHK in Beaver County then your property is most likely included as well. I have 3 parcels in differing twps in BC and they are all part of the collateral for the "loan". Goto the county website here:  http://www.searchiqs.com/pabea/   and type in your name, you will see the very long list attached to the document that includes you. This has been posted about  before, not sure if here or in the Beaver County section.

There are some banks that have no problem with this.

Permalink Reply by Frank Nesmith on November 20, 2013 at 1:11pm

Craig, Can you let us know what banks are okay with this so we all know where we can go? It would be a great help to us if you can post them.

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