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Updated over 11 years ago on . Most recent reply

User Stats

105
Posts
18
Votes
Casey S.
  • Real Estate Investor
  • College Station, TX
18
Votes |
105
Posts

Bank wont loan if seller reserves mineral rights in TX?

Casey S.
  • Real Estate Investor
  • College Station, TX
Posted

Im in TX and trying to sell a 4-plex in which I currently have the mineral rights. The buyers bank is saying they wont lend on it unless I give up minerals. That sounds crazy to me. Anybody in Texas ever heard of anything like this?

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