Mineral Loans: A Cautionary Tale

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 bluemesaminerals.com.

[@pritchman4705]

That’s messed up!

[@CARL557511]

A similar story happened to the mineral rights on one of the properties I now own. I'm glad other people are talking about this practice.
I'

[@BlueMesaMinerals]

I'm sorry to hear that you've been through a similar situation. Thanks for sharing - hopefully this information becomes more widely known.

[@pritchman4705]

That’s messed up!

[@BlueMesaMinerals]

Isn't it? I hope this video helps others avoid this really sad outcome.