Le letter: Forced pooling

Regarding oil and gas drilling in Idaho, I wonder if most people realize that having a company drilling on their land can violate the terms of their mortgage. The mortgage company can call the homeowner’s note meaning they have to pay the loan, in full, right now or lose their home. Drilling could cause property owners to become homeless. How can we allow this to happen? We cannot let the drilling companies keep this dirty little secret. If you are “force pooled,” what is threatening to take place in Payette County right now, you can’t prevent the drilling on or at least under your property. This is a catastrophic Catch 22. We need to let our local and state officials know now that we do not want to be put in this situation. Forced pooling needs to be stopped. Someone shouldn’t have to lose their home because of industry greed. http://integrityandaccountability.org/mortgages-handout.pdf

This story was originally published September 12, 2017 at 4:48 PM with the headline "Le letter: Forced pooling."