Mr Cooper Group Inc (COOP)

[BBANBOB]

As I have suggested many times here in the past, when banks foreclose on a property, when they sell it,I can with almost 100% certainty tell you,they strip any and all mineral interests held under that property with ONE SIMPLE SENTENCE;

"LESS ANY AND ALL MINERAL INTERESTS"

I know this because a small little bank in western OKLA owned from day one by friends of mine did just that. They went a step further though, when they took pieces of property as collateral and had to foreclose in it they kept it all, land mineral building ect.......the bank was started in the late 1800's 1890 I think and the family NOW OWNS SOME 36,000 acres of land (56.25 sq miles), the minerals buildings ect
I'm sure that some here have no idea what a section of land is in size, a Section of land is 1 mile square within a section of land are 640 acres, but to give you an idea NEW YORK CITY is 468.9 square miles TOTAL.

AND each and every single BOOK TOWNSHIP AND RANGE as well as sections would have to be checked for ownership..

And some really wonder why all of this may be taking as long as it is??????????