NACOGDOCHES, TX (KTRE) - A mineral rights dispute and past due property notes came to a head today at a foreclosure proceeding. Prior to the public auction, the Culler family held hands in a circle as they prayed outside the Nacogdoches County Courthouse.
In swift action, Commercial Bank sold the lien for $325,000t, what was owed on the property. An adjoining neighbor had the one and only bid.
The dispute over royalty ownership between the Cullers and a nacogdoches bank is far from over. "I put a freeze on all royalty checks, transfers, minerals, anything that has to do with my owner number," Renee Culler shared. "There will be a freeze until a judge or a jury makes a decision."
"The last unsolicited offer we received from San Saba (drilling company) back in November was for $210,000 and some change. So we're talking a lot of money," Anthony Culler commented. The couple claims the bank repeatedly said the mineral rights were not included in the lien. They state the bank didn't claim ownership until after the royalty check amounts became a substantial amount. The Cullers said they were wanting to sell a portion for a business venture.
The cullers say they'll soon be homeless, but will continue their protests outside the downtown bank. The couple and their four young daughters have stood outside the downtown bank in protest at a steady rate for month. Commercial bank officials and attorneys provided no comment on the legal matter.