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To: nickcarraway

I read the link , the BK is secondary at best ,, the real problem is that ownership of the land was lost due to bad recordkeeping by the BK trustee resulting in wild deeds ,, oil and gas companies had to escrow millions for unknown owners of the land... the real owners needed to be located or the money would be forfeited to the state.


4 posted on 07/08/2017 2:34:39 PM PDT by Neidermeyer (Show me a peaceful Muslim and I will show you a heretic to the Koran.)
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To: Neidermeyer

Worthless, cutover scrub in the 1920s, that no one knew was floating on natural gas, which would have been pretty much worthless itself. Add in that some old deeds can be iffy at best.

Now, if you want to see some screwed up real estate records, try the poor sections on New Orleans. Forced heirship (no longer the law) in the old days, plus unaffordable succession proceedings, and no one could sort out title on some of those properties after Katrina.


5 posted on 07/08/2017 2:42:35 PM PDT by PAR35
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