Mineral Loans: A Cautionary Tale
Blue Mesa Minerals Blue Mesa Minerals
1.83K subscribers
236 views
8

 Published On Jun 22, 2024

I want you to hear this story about Jessica, a mineral owner who ran into financial trouble and used her valuable mineral rights as collateral for a mineral loan.

Watch out for these predatory lending practices!

1. Loan had a high Interest (she may as well have used a credit card).
2. It's easy to default on the loan (late payment, misrepresenting minerals, etc).
3. Upon default, the entire loan is due immediately.
4. If she can't repay the loan immediately, the loan company will record the deed she signed - they now own her mineral rights.
5. The loan company also has the right of first refusal (forever).

Looking for an alternative to a mineral loan? Consider selling just half of your mineral rights.

Request an offer at https://bluemesaminerals.com.

show more

Share/Embed