At issue is how the leasing or selling of gas and mineral rights could affect the value of the mortgaged property.By Nancy Dooling •
ndooling@gannett.com • November 15, 2009, 9:15 pm
ndooling@gannett.com
Excerpt
"The expected boom in natural gas leasing has some local lending institutions reconsidering their mortgage policies.
And local borrowers who stand to make a lot of money from leasing their potentially gas-rich properties to energy companies are concerned, lenders say.
"Our switc...
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