The contract from the auction is he

http://igor.chudov.com/tmp/House-On-...r/Contract.pdf

i

On Apr 24, 7:52*am, Ignoramus28268 ignoramus28...@NOSPAM.
28268.invalid wrote:
The contract from the auction is he

* *http://igor.chudov.com/tmp/House-On-...r/Contract.pdf

i

The "we get to strip mine your property clause": "The mineral estate
has been severed from this parcel and will not convey upon transfer of
the surface estate".

"This property may be bound by the assessments and restrictions of a
condo/home/property owners association and Buyer agrees to be bound by
same and to assume any special assessments that may become payable
after the Closing date"

This little gem of a clause means that your pocket is subject to
picking when some busybodies want to pick your pocket. An example
might be when the HOA decides to make a special assessment to plant a
hedge around the strip mine, so they can pay their brother in law who
gives nice kickbacks.

When you look at paragraph 7 & 8 you will see that if for some reason
your check bounces you will have to sell your wife to a white slave
ring in Zimbabwe, forfiet all your worldly goods and possessions and
anything else they can dream up.

If however for some reason the seller is found at fault for the most
egregious swindle, you will be due an apology without admitting any
wrongdoing.

All pretty standard stuff when the contract is written by the seller.

Congratulations on your purchase, you should come out just fine.


Roger Shoaf

On 2011-04-24, RS at work wrote:
On Apr 24, 7:52?am, Ignoramus28268 ignoramus28...@NOSPAM.
28268.invalid wrote:
The contract from the auction is he

? ?http://igor.chudov.com/tmp/House-On-...r/Contract.pdf

i

The "we get to strip mine your property clause": "The mineral estate
has been severed from this parcel and will not convey upon transfer of
the surface estate".

There is no minerals there, other than the gold nuggets laying open,
of course.

"This property may be bound by the assessments and restrictions of a
condo/home/property owners association and Buyer agrees to be bound by
same and to assume any special assessments that may become payable
after the Closing date"

This little gem of a clause means that your pocket is subject to
picking when some busybodies want to pick your pocket. An example
might be when the HOA decides to make a special assessment to plant a
hedge around the strip mine, so they can pay their brother in law who
gives nice kickbacks.

Yes, but I am completely positive that there is no HOA. I lived just
one street down from there.

When you look at paragraph 7 & 8 you will see that if for some reason
your check bounces you will have to sell your wife to a white slave
ring in Zimbabwe, forfiet all your worldly goods and possessions and
anything else they can dream up.

If however for some reason the seller is found at fault for the most
egregious swindle, you will be due an apology without admitting any
wrongdoing.

All pretty standard stuff when the contract is written by the seller.

Congratulations on your purchase, you should come out just fine.

Thanks. All I want is to get a good title and the house. I went there
today and duct taped a small piece of a window in a shed that was
broken.

Talked to one neighbor. One good news is that it is not a flood
zone. Flood zone ends on the other side of the street.

Turns out that the financial story behind the auction was not that of
out of control spenders. The owners were an older couple, wife
developed a "very serious illness", and they had to borrow a lot of
money to pay for her treatments. They probably knew that they could
not repay the debt. Anyway, they did not repay, of course, the house
went on auction, and I bought it.

i

Ignoramus28268 wrote:
On 2011-04-24, RS at wrote:
On Apr 24, 7:52?am, Ignoramus28268ignoramus28...@NOSPAM.
28268.invalid wrote:
The contract from the auction is he

? ?http://igor.chudov.com/tmp/House-On-...r/Contract.pdf

i

The "we get to strip mine your property clause": "The mineral estate
has been severed from this parcel and will not convey upon transfer of
the surface estate".

There is no minerals there, other than the gold nuggets laying open,
of course.

"This property may be bound by the assessments and restrictions of a
condo/home/property owners association and Buyer agrees to be bound by
same and to assume any special assessments that may become payable
after the Closing date"

This little gem of a clause means that your pocket is subject to
picking when some busybodies want to pick your pocket. An example
might be when the HOA decides to make a special assessment to plant a
hedge around the strip mine, so they can pay their brother in law who
gives nice kickbacks.

Yes, but I am completely positive that there is no HOA. I lived just
one street down from there.

When you look at paragraph 7& 8 you will see that if for some reason
your check bounces you will have to sell your wife to a white slave
ring in Zimbabwe, forfiet all your worldly goods and possessions and
anything else they can dream up.

If however for some reason the seller is found at fault for the most
egregious swindle, you will be due an apology without admitting any
wrongdoing.

All pretty standard stuff when the contract is written by the seller.

Congratulations on your purchase, you should come out just fine.

Thanks. All I want is to get a good title and the house. I went there
today and duct taped a small piece of a window in a shed that was
broken.

Talked to one neighbor. One good news is that it is not a flood
zone. Flood zone ends on the other side of the street.

mark that end of the flood zone with a sign so when it does flood the
water knows not to go beyond the sign.


John



Turns out that the financial story behind the auction was not that of
out of control spenders. The owners were an older couple, wife
developed a "very serious illness", and they had to borrow a lot of
money to pay for her treatments. They probably knew that they could
not repay the debt. Anyway, they did not repay, of course, the house
went on auction, and I bought it.

i

On 2011-04-25, John wrote:
Ignoramus28268 wrote:
Talked to one neighbor. One good news is that it is not a flood
zone. Flood zone ends on the other side of the street.

mark that end of the flood zone with a sign so when it does flood the
water knows not to go beyond the sign.

Yes, kind of like prayer.

I added a few links and aerial pictures he

http://igor.chudov.com/tmp/House-On-River-Dr/

i

Ignoramus28268 wrote:
On 2011-04-25, wrote:
Ignoramus28268 wrote:
Talked to one neighbor. One good news is that it is not a flood
zone. Flood zone ends on the other side of the street.

mark that end of the flood zone with a sign so when it does flood the
water knows not to go beyond the sign.

Yes, kind of like prayer.

I added a few links and aerial pictures he

http://igor.chudov.com/tmp/House-On-River-Dr/

i


It looks like a nice piece of property, just needs a little TLC


John

mineral rights

I'm sure that "mineral rights" depends very much upon the wording of the
deed that conveys them. But, the cases that I know of did NOT include
any surface easements. In other words, the buyer gets the minerals, but
he has to get them via an underground access. I.e., tunnels.

So, a coal company buys the minerals rights for some large area, sinks a
shaft on its own property, and sends out tunnels underneath the
properties they bought the mineral rights to.

Second hand info from long ago, but it makes sense.

Bob

On 2011-04-24, Bob Engelhardt wrote:
mineral rights

I'm sure that "mineral rights" depends very much upon the wording of the
deed that conveys them. But, the cases that I know of did NOT include
any surface easements. In other words, the buyer gets the minerals, but
he has to get them via an underground access. I.e., tunnels.

So, a coal company buys the minerals rights for some large area, sinks a
shaft on its own property, and sends out tunnels underneath the
properties they bought the mineral rights to.

Second hand info from long ago, but it makes sense.

Bob

So, no open pit mining in my backyard!

On Sun, 24 Apr 2011 16:28:48 -0500, the renowned Ignoramus28268
wrote:

On 2011-04-24, Bob Engelhardt wrote:
mineral rights

I'm sure that "mineral rights" depends very much upon the wording of the
deed that conveys them. But, the cases that I know of did NOT include
any surface easements. In other words, the buyer gets the minerals, but
he has to get them via an underground access. I.e., tunnels.

So, a coal company buys the minerals rights for some large area, sinks a
shaft on its own property, and sends out tunnels underneath the
properties they bought the mineral rights to.

Second hand info from long ago, but it makes sense.

Bob

So, no open pit mining in my backyard!

NIMBY!


Best regards,
Spehro Pefhany
--
"it's the network..." "The Journey is the reward"
Info for manufacturers: http://www.trexon.com
Embedded software/hardware/analog Info for designers: http://www.speff.com

Ignoramus28268 wrote:
On 2011-04-24, Bob Engelhardt wrote:
mineral rights

I'm sure that "mineral rights" depends very much upon the wording of the
deed that conveys them. But, the cases that I know of did NOT include
any surface easements. In other words, the buyer gets the minerals, but
he has to get them via an underground access. I.e., tunnels.

So, a coal company buys the minerals rights for some large area, sinks a
shaft on its own property, and sends out tunnels underneath the
properties they bought the mineral rights to.

Second hand info from long ago, but it makes sense.

So, no open pit mining in my backyard!

Do they have restrictions on how deep you can dig for, say, a sprinkler
system, or backyard pool, or underground heat exchanger for a heat pump?

Thanks,
Rich

Bob Engelhardt wrote:
mineral rights

I'm sure that "mineral rights" depends very much upon the wording of the
deed that conveys them. But, the cases that I know of did NOT include
any surface easements. In other words, the buyer gets the minerals, but
he has to get them via an underground access. I.e., tunnels.

So, a coal company buys the minerals rights for some large area, sinks a
shaft on its own property, and sends out tunnels underneath the
properties they bought the mineral rights to.

Second hand info from long ago, but it makes sense.

Bob


if the coal company is strip mining you could be out of luck depending
on how the deed is worded and the state laws. In old days they could go
right through your house and you had no recourse.

John

In article ,
Ignoramus28268 wrote:

The contract from the auction is he

http://igor.chudov.com/tmp/House-On-...r/Contract.pdf

Very one-sided, but perhaps standard in Chicagoland. Get thee to a
lawyer.

One thing that sticks up is that mineral rights are not included. Is it
that a prior owner sold those rights? Worth a few questions.

Joe Gwinn

On 2011-04-24, Joseph Gwinn wrote:
In article ,
Ignoramus28268 wrote:

The contract from the auction is he

http://igor.chudov.com/tmp/House-On-...r/Contract.pdf

Very one-sided, but perhaps standard in Chicagoland. Get thee to a
lawyer.

One thing that sticks up is that mineral rights are not included. Is it
that a prior owner sold those rights? Worth a few questions.

I cannot imagine any kind of mineral mining there, it is in the middle
of a residential town in IL, there is nothing worth mining and never
was. It is probably a CYA clause in the sales contract.

i

Ignoramus28268 wrote:

On 2011-04-24, Joseph Gwinn wrote:
In article ,
Ignoramus28268 wrote:

The contract from the auction is he

http://igor.chudov.com/tmp/House-On-...r/Contract.pdf

Very one-sided, but perhaps standard in Chicagoland. Get thee to a
lawyer.

One thing that sticks up is that mineral rights are not included. Is it
that a prior owner sold those rights? Worth a few questions.

I cannot imagine any kind of mineral mining there, it is in the middle
of a residential town in IL, there is nothing worth mining and never
was. It is probably a CYA clause in the sales contract.


It's likely that the mineral rights were sold decades or even 100
years ago, long before the area was developed. Just because there are
houses on the property wouldn't stop them from coming in and doing
whatever they want, if they found something worth mining.


--
You can't fix stupid. You can't even put a Band-Aid™ on it, because it's
Teflon coated.

On 2011-04-24, Michael A. Terrell wrote:

Ignoramus28268 wrote:

On 2011-04-24, Joseph Gwinn wrote:
In article ,
Ignoramus28268 wrote:

The contract from the auction is he

http://igor.chudov.com/tmp/House-On-...r/Contract.pdf

Very one-sided, but perhaps standard in Chicagoland. Get thee to a
lawyer.

One thing that sticks up is that mineral rights are not included. Is it
that a prior owner sold those rights? Worth a few questions.

I cannot imagine any kind of mineral mining there, it is in the middle
of a residential town in IL, there is nothing worth mining and never
was. It is probably a CYA clause in the sales contract.


It's likely that the mineral rights were sold decades or even 100
years ago, long before the area was developed. Just because there are
houses on the property wouldn't stop them from coming in and doing
whatever they want, if they found something worth mining.



Scary, I hope that they do not discover uranium deposits under here.

i

"Michael A. Terrell" wrote in message
m...

Ignoramus28268 wrote:

On 2011-04-24, Joseph Gwinn wrote:
In article ,
Ignoramus28268 wrote:

The contract from the auction is he

http://igor.chudov.com/tmp/House-On-...r/Contract.pdf

Very one-sided, but perhaps standard in Chicagoland. Get thee to a
lawyer.

One thing that sticks up is that mineral rights are not included. Is
it
that a prior owner sold those rights? Worth a few questions.

I cannot imagine any kind of mineral mining there, it is in the middle
of a residential town in IL, there is nothing worth mining and never
was. It is probably a CYA clause in the sales contract.


It's likely that the mineral rights were sold decades or even 100
years ago, long before the area was developed. Just because there are
houses on the property wouldn't stop them from coming in and doing
whatever they want, if they found something worth mining.



Realistically, what it means today is that you can't turn the place into a
gravel pit.

--

On Sun, 24 Apr 2011 12:15:59 -0500, Ignoramus28268
wrote:

On 2011-04-24, Joseph Gwinn wrote:
In article ,
Ignoramus28268 wrote:

The contract from the auction is he

http://igor.chudov.com/tmp/House-On-...r/Contract.pdf

Very one-sided, but perhaps standard in Chicagoland. Get thee to a
lawyer.

One thing that sticks up is that mineral rights are not included. Is it
that a prior owner sold those rights? Worth a few questions.

I cannot imagine any kind of mineral mining there, it is in the middle
of a residential town in IL, there is nothing worth mining and never
was. It is probably a CYA clause in the sales contract.

Darn, it means you can't search for uranium under there.

--
Make up your mind to act decidedly and take the consequences.
No good is ever done in this world by hesitation.
-- Thomas H. Huxley

On Sun, 24 Apr 2011 12:15:59 -0500, the renowned Ignoramus28268
wrote:

On 2011-04-24, Joseph Gwinn wrote:
In article ,
Ignoramus28268 wrote:

The contract from the auction is he

http://igor.chudov.com/tmp/House-On-...r/Contract.pdf

Very one-sided, but perhaps standard in Chicagoland. Get thee to a
lawyer.

One thing that sticks up is that mineral rights are not included. Is it
that a prior owner sold those rights? Worth a few questions.

I cannot imagine any kind of mineral mining there, it is in the middle
of a residential town in IL, there is nothing worth mining and never
was. It is probably a CYA clause in the sales contract.

i

Apparently it's SOP in Illinois. Only a problem if there's an oil well
on the property. ;-)


Best regards,
Spehro Pefhany
--
"it's the network..." "The Journey is the reward"
Info for manufacturers: http://www.trexon.com
Embedded software/hardware/analog Info for designers: http://www.speff.com

Ignoramus28268 wrote:
On 2011-04-24, Joseph wrote:
In articleUcmdnV5O_a7WpCnQnZ2dnUVZ_jGdnZ2d@giganews. com,
wrote:

The contract from the auction is he

http://igor.chudov.com/tmp/House-On-...r/Contract.pdf

Very one-sided, but perhaps standard in Chicagoland. Get thee to a
lawyer.

One thing that sticks up is that mineral rights are not included. Is it
that a prior owner sold those rights? Worth a few questions.

I cannot imagine any kind of mineral mining there, it is in the middle
of a residential town in IL, there is nothing worth mining and never
was. It is probably a CYA clause in the sales contract.

i


Someone holds the mineral rights. Here in PA hard coal area almost
all the land is sold without mineral rights. They are usually held by
the descendants of the original owners of the tracts or bought up by
the coal companys. If you find coal in your back yard you cannot
legally dig it out, or ' bootleg' it although some people do. The gas
well drilling areas are mostly do not have the mineral rights split off
and the farmers are making a killing on gas lease contracts.
Just for the fun of it you should find out who has the mineral rights on
you property and when they were split off.

John

On 2011-04-25, John wrote:
Ignoramus28268 wrote:
On 2011-04-24, Joseph wrote:
In articleUcmdnV5O_a7WpCnQnZ2dnUVZ_jGdnZ2d@giganews. com,
wrote:

The contract from the auction is he

http://igor.chudov.com/tmp/House-On-...r/Contract.pdf

Very one-sided, but perhaps standard in Chicagoland. Get thee to a
lawyer.

One thing that sticks up is that mineral rights are not included. Is it
that a prior owner sold those rights? Worth a few questions.

I cannot imagine any kind of mineral mining there, it is in the middle
of a residential town in IL, there is nothing worth mining and never
was. It is probably a CYA clause in the sales contract.

i


Someone holds the mineral rights. Here in PA hard coal area almost
all the land is sold without mineral rights. They are usually held by
the descendants of the original owners of the tracts or bought up by
the coal companys. If you find coal in your back yard you cannot
legally dig it out, or ' bootleg' it although some people do. The gas
well drilling areas are mostly do not have the mineral rights split off
and the farmers are making a killing on gas lease contracts.
Just for the fun of it you should find out who has the mineral rights on
you property and when they were split off.

I will ask the village tomorrow, I have a long phone call with them.

Say, if coal was discovered under my house, could the owner of those
mineral rights kick me out and dig a giant coal mine?

i

Ignoramus28268 wrote:
On 2011-04-25, wrote:
Ignoramus28268 wrote:
On 2011-04-24, Joseph wrote:
In articleUcmdnV5O_a7WpCnQnZ2dnUVZ_jGdnZ2d@giganews. com,
wrote:

The contract from the auction is he

http://igor.chudov.com/tmp/House-On-...r/Contract.pdf

Very one-sided, but perhaps standard in Chicagoland. Get thee to a
lawyer.

One thing that sticks up is that mineral rights are not included. Is it
that a prior owner sold those rights? Worth a few questions.

I cannot imagine any kind of mineral mining there, it is in the middle
of a residential town in IL, there is nothing worth mining and never
was. It is probably a CYA clause in the sales contract.

i


Someone holds the mineral rights. Here in PA hard coal area almost
all the land is sold without mineral rights. They are usually held by
the descendants of the original owners of the tracts or bought up by
the coal companys. If you find coal in your back yard you cannot
legally dig it out, or ' bootleg' it although some people do. The gas
well drilling areas are mostly do not have the mineral rights split off
and the farmers are making a killing on gas lease contracts.
Just for the fun of it you should find out who has the mineral rights on
you property and when they were split off.

I will ask the village tomorrow, I have a long phone call with them.

Say, if coal was discovered under my house, could the owner of those
mineral rights kick me out and dig a giant coal mine?

i


It depends on what is written on the deed. The real old ones I have
seen it sort of reads " by any means necessary" some of the later
ones require the property be restored after the mining is done. I
wouldn't worry about it though. You would have more of a problem with
eminent domain taking your property away.

John

Joseph Gwinn wrote:
Ignoramus28268 wrote:

The contract from the auction is he

http://igor.chudov.com/tmp/House-On-...r/Contract.pdf

Very one-sided, but perhaps standard in Chicagoland. Get thee to a
lawyer.

One thing that sticks up is that mineral rights are not included. Is it
that a prior owner sold those rights? Worth a few questions.

Are mineral rights routinely included in other real estate transactions?

How about airspace? If you own a piece of land, how far does the ownership
extend in the Z axis?

Thanks,
Rich