Title due diligence in certain transactions may seem like an onerous part of the deal, causing some to speed through it and overlook critical issues. Your due diligence process is the most effective insurance policy against title busts and loss of mineral value. However, in our experience, we have seen some big mistakes made by mineral buyers that generate big regrets down the line.
Here are four big mistakes we see made all too often:
- Overlooking Location-Specific Risks
- Not Getting the Executive Rights or Other Rights to Lease
- Acquiring Partial Rights Only
- Skimping on the Diligence