By Mike Lee - Star-Telegram staff writer - Sat. Aug. 25, 2007
FORT WORTH -- More than a year ago, homeowners in Oakhurst, a middle-class neighborhood northeast of downtown, became some of the first in the city to sign up for natural gas drilling.
The landmen called it "mailbox money." By signing the leases, the property owners would get a royalty check for the life of the gas well.
Now, those homeowners are learning about the fine print in natural gas leases. Before they can cash their royalty checks, they have to get legal releases called subordination agreements from their mortgage companies. And the mortgage companies are asking for fees that amount to several years' worth of royalty payments.
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