Color-of-Title Act: What you Need to Know about Color-of-Title Adverse Possession
- CourthouseDirect.com Team
- 01/09/2019
- Real Estate
The Color-of-Title Act (which goes by the impressive legal designation 43 CFR 540, Subpart 254) refers to the right of a person, group, or corporation that has “evidence” purporting to have title to public lands administered by the Bureau ...
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What Are Joint Operating Agreements in Oil & Gas?
- CourthouseDirect.com Team
- 12/13/2018
- Oil and Gas
After oil and gas lease agreements, the Joint Operating Agreement (JOA) is the most common contract used in the industry. JOAs are agreements between two or more entities that spell out who is considered the operator for the exploration ...
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The Ultimate Guide to Power of Attorney for Buying or Selling Property
- CourthouseDirect.com Team
- 10/10/2018
- Real Estate
The majority of property transactions are performed with the consent and knowledge of the legal buyers and sellers of the property. However, there are circumstances in which the legal right to make the transaction must be shifted to ...
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Land Patent FAQ, Part 2: How to File a Land Patent
- CourthouseDirect.com Team
- 09/12/2018
- Real Estate
A land patent is the only form of proof of absolute title to land in the United States. It protects the landowner from claimants of co-ownership as well as the United States government.
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What's the Difference Between Mineral Deeds and Royalty Deeds?
- CourthouseDirect.com Team
- 09/05/2018
- Oil and Gas
If a landowner wishes to benefit financially from minerals lying below the surface, the owner can split or sever the property into two separate interests — the surface and the mineral-rich portion beneath it. The surface estate can then be ...
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How to Identify a Grantor and Grantee in a Legal Document
- CourthouseDirect.com Team
- 08/23/2018
- Real Estate
Contracts specify the terms of the relationship between two or more parties, typically regarding a transaction. One example is the transaction of services for pay between an employee and an employer. In financial transactions, the contract ...
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Is There a Federal Tax on Mineral Rights?
- CourthouseDirect.com Team
- 07/25/2018
- Oil and Gas
Owning land with valuable natural resources beneath the surface comes with the opportunity for an income stream from leasing or selling the mineral rights. The Boston Tea Party notwithstanding, federal taxes on income of any kind has ...
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What is a Boundary Survey and When Would You Need One?
- CourthouseDirect.com Team
- 05/30/2018
- Legal
A basic part of owning property is knowing where the boundaries are. Without clear boundaries, arguments will arise, whether it is private property, commercial property, or land for drilling and mining. When there are conflicting views ...
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When Should You Hire a Real Estate Attorney?
- CourthouseDirect.com Team
- 04/25/2018
- Real Estate
There are many different circumstances in which hiring a real estate attorney is advisable. A handful of states require the presence of a real estate attorney during closings. In states where a lawyer is not required, there are ...
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How Does Right of Survivorship Work?
- CourthouseDirect.com Team
- 02/21/2018
- Real Estate
If you jointly own a piece of property with one or more parties, you need to know about the legal right of survivorship. Nobody likes to think about what happens if one of the joint owners passes away, but it’s always better to be prepared ...
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