Two years ago, the INDY broke the story of how Texas-based developer D.R. Horton and its energy company spinoff surreptitiously retained the mineral rights on land it sold to hundreds homeowners in the Triangle and the state.
The N.C. Attorney General’s office subsequently intervened and D.R. Horton returned those rights to 700 homeowners.
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The company has agreed to stop the practice until Florida lawmakers address the issue, or until Jan. 1, 2015. In fact, this is a common practice for developers, according to Reuters.
In North Carolina, property owners were concerned because the contracts allowed DRH Energy to frack under their land and to keep the proceeds. In addition, many banks and mortgage companies will not finance properties if the buyer does not retain the mineral rights.
This year, state lawmakers are expected to craft legislation about the issue of mineral rights—and property rights in general—related to fracking.

