When Manufactured Home Considered Real Estate Flashcards
Home constructed with transportation in mind and built with a permanent chassis and wheels PRIOR to 1976
Mobile Home
Constructed in a factory, towed to its destination, and anchored to the ground and it has permanent chassis and wheels
Manufactured Home
This is a home that is not built with transportation in mind and its pieces are constructed offsite, transported to its permanent location and then the build is completed.
Modular Home
A manufactured home is transportable and is
Personal Property
A manufactured home that is not transportable
Real Property
If a manufactured home is personal property, its registration is recorded and the property is titled similar to a
motor vehicle
If you want to sell a manufactured home then you could sell it like you sell a car
Without the assistance of a real estate licensee
If a manufactured home is real property then its like owning a home
Mortgages, deed of trust, title and all that goes along with home ownership.