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Question

MY BROTHER ASSUMED MY FATHERS FHA LOAN ON THE LAND WE GREW UP ON. MY FATHER HAS SINCE PASSED ON. THE LAND HAS SINCE COME UP FOR MINERAL LEASING. ARE MY OTHER BROTHER AND MYSELF OUT OF THE MINERAL RIGHTS TO THIS PROPERTY?

Submitted: 194 days and 5 hours ago.
Category: Intellectual Property Law
Value: $25
Status: CLOSED
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Texas

Already Tried:
THIS IS THE FIRST TIME THE LAND HAS COME UP FOR LEASE SINCE MY FATHERS DEATH. MY BROTHER ASSUMED HIS NOTE IN THE 90's. APPROXIMATELY 320 ACRES. DO MY OTHER BROTHER AND MYSELF HAVE ANY MINERAL RIGHTS THRU INHERITANCE?

Accepted Answer

ASSUMING A FHA LOAN IS NOT THE SAME AS BEING PLACED ON THE DEED OF THE PROPERTY. IF HE IS NOT ON THE PROPERTY DEED, AND THE PROPERTY WAS NOT DISPOSED IN A WILL TO YOUR BROTHER YOU WILL HAVE A GOOD CLAIM FOR A PART OF THE PROPERTY, AND MINERAL RIGHTS.

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Expert: Kumar Paturi Esq
Pos. Feedback: 100.0 %
Accepts: 
Answered: 5/13/2009

Lawyer

10 years intellectual property exp

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