So I got these letters asking to buy mineral rights from me. What mineral rights? Scam or real?
November 30, 2009 5:55 PM Subscribe
So I got these letters offering to buy my mineral rights - for land in a state I've never been to, that I had no idea I owned and in fact can't imagine that I do own. Scam or preposterously possible?
posted by mygothlaundry to Grab Bag (11 answers total) 3 users marked this as a favorite
I got two letters today: one for me and one for my elderly aunt, using a c/o me address, which in itself sets off a few alarm bells, since she doesn't actually live with me anymore and we've only used my address for her in a couple of places: the hospital, the drugstore, etc. The letters are from a company called Enerlex, Inc, in Broken Arrow, OK. Googling has turned up their website and pages of businesslike results without anything that looks overtly underhanded. The letters are almost identical but not quite. Both of them had a document called a mineral deed enclosed and a postage paid return envelope. Both of them also had bank drafts attached.
Here's the text of my letter.
Enerlex, Inc., is currently purchasing mineral interests in Latimer County, Oklahoma. We would like to extend and offer to purchase the mineral interest that we believe you own in the above captioned county for $1,050. Two bank drafts totaling that amount are attached below.
If this offer is acceptable, please find enclosed a Mineral Deed, which needs to be signed, notarized and returned in the self-addressed stamped envelope. After you have returned the properly executed and notarized Mineral Deed to our office, please place the endorsed drafts in your bank for collection. Once the Mineral Deed has been received by our office, we will begin our title examination. Please note that the draft for $150.00 is yours regardless to cover the expenses and notary fees.
If you prefer, you may hold the drafts, thereby forgoing a collection fee at your bank. In that case, we will send a check for $150.00 immediately and a check for $900.00 upon completion of the title examination.
We would appreciate a reply within fifteen days of your receipt of this letter. After 15 days Enerlex reserves the right to rescind this offer. If you have any questions, please contact me at (800 number) or by my e-mail address listed below.
My aunt's letter is exactly the same except a) the amount is substantially more, although not, like, millions and b) my letter was signed in blue and hers was signed in black. Both of the mineral deeds are exactly the same.
I would just toss these, assuming they are some strange and convoluted Oklahoma version of a Nigerian 419 except for the fact that my mother died a year and a half ago. The estate was pretty simple and there was no mention of land or mineral rights or anything like that but I did inherit part of her IRA and some of her portfolio and, after removing the bulk of my inheritance to buy a house, I've left the rest of it alone and remained sadly ignorant of all things concerning money and finance (that is a whole other AskMe question for another time.) Is it possible, therefore, that these mineral rights do in fact exist and are part of my inherited IRA or invested (with Schwab, FWIW) money? I thought that was all less tangible stuff like stocks and bonds and, you know, that kind of thing. Is it possible that I inherited them without knowing about it? And where would my aunt have gotten these things? And, how did they find me and, more to the point, how did they find her? Any information would be great.