chlsbrns
Bronze Member
- Mar 30, 2013
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not true at all.
your just not getting why BLM has a disclaimer about how it's on you if you buy a claim that is deemed invalid.
title insurance for an unpatented mining claim....lol... I don't think you understand what the policy is they are offering.
My homeowners insurance also covers my gear on my claim.... but it doesn't and Alliance do not provide validty proof for an unpatented mining claim or recovery of funds if you buy an invalid one.
all kinds of things can happen and be paid for on a mining claim without it ever getting a mineral survey by BLM.
A claimant only has possesory interest in the mineral deposit. The U.S. Government has Paramount Title...you can't get an insurance policy on a title that isn't yours.......
And a title insurance company is not a mineral examiner.
I won't waste my time looking for a BLM disclaimer but would love for you to post a link to it! In the mean time you should read the Federal Code. https://www.law.cornell.edu/cfr/text/43/part-3833/subpart-C
It's the law on transferring mining claims. It's what must be done to transfer a "Claim" Keep in mind that for a mining claim to be valid there must be a "Discovery" The expedition place that sold this invalid claim states on their website that they "Believe" the claims have value. In other words they have not made a discovery so they do not have a claim to sell they are selling invalid claims. The law is for transferring claims. They do not have a valid claim to sell. Its not a claim until its valid.
I understand what the escrow company is selling! The site says they provide escrow service for unpatented mining claims. ...