Make us your home page

Saying "controversy has developed," D.R. Horton sends offers to return mineral rights

The nation's largest home builder has begun sending letters to Florida homeowners offering to return their severed mineral rights.

The letters from D.R. Horton officials alert buyers that the rights to drill for minerals beneath their homes were retained by the builder before the home sale, according to a letter supplied to the Tampa Bay Times. The letters also give homeowners until the end of February to return a request for the rights to be returned for free to the homeowner.

A Times investigation in November found the builder had hoarded the rights beneath more than 2,500 Tampa Bay homesites before handing them over to the builder's energy subsidiary, DRH Energy.

It's unclear how many letters have been sent across the state. D.R. Horton executives did not return messages Wednesday.

Several homeowners said they never learned of the severed rights, or were told of them only when they had neared the end of the sale. The Texas-based builder said the mineral-rights deals were mentioned in buyers' purchasing contracts.

Rep. Ross Spano, R-Dover, and state Sen. Jack Latvala, R-Clearwater, have proposed bills that would force home sellers to alert buyers days in advance if they intend to keep the rights to drill underground.

Saying "controversy has developed," D.R. Horton sends offers to return mineral rights 02/05/14 [Last modified: Friday, February 7, 2014 11:05pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. 'Road to Nowhere' is back: Next phase of Suncoast Parkway coming


    Despite intense public opposition and dubious traffic projections, the Florida Department of Transportation has announced that construction of the toll road known as "Suncoast 2" is expected to start in early 2018.

    The Suncoast Parkway ends at U.S. 98 just south of Citrus County. For years residents have opposed extending the toll road, a project dubbed the "Suncoast 2" into Citrus County. But state officials recently announced that the Suncoast 2 should start construction in early 2018. [Stephen J. Coddington  |  TIMES]
  2. A sports rout on Wall Street


    NEW YORK — Sporting goods retailers can't shake their losing streak.

  3. Grocery chain Aldi hosting hiring event in Brandon Aug. 24


    BRANDON — German grocery chain Aldi is holding a hiring event for its Brandon store Aug. 24. It is looking to fill store associate, shift manager and manager trainee positions.

  4. Lightning owner Jeff Vinik backs film company pursuing global blockbusters


    TAMPA — Jeff Vinik's latest investment might be coming to a theater near you.

    Jeff Vinik, Tampa Bay Lightning owner, invested in a new movie company looking to appeal to a global audience. | [Times file photo]
  5. Trigaux: Look to new Inc. 5000 rankings for Tampa Bay's future heavyweights


    There's a whole lotta fast-growing private companies here in Tampa Bay. Odds are good you have not heard of most of them.


    Kyle Taylor, CEO and founder of The Penny Hoarder, fills a glass for his employees this past Wednesday as the young St. Petersburg personal advice business celebrates its landing at No. 25 on the 2017 Inc. 5000 list of the fastest growing private companies in the country. Taylor, still in his 20s, wins kudos from executive editor Alexis Grant for keeping the firm's culture innovative. The business ranked No. 32 last year. [DIRK SHADD   |   Times]