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MOBILE HOME TRUST

This topic contains 6 replies, has 0 voices, and was last updated by Avatar of mobile.mess mobile.mess 15 years, 2 months ago.

Viewing 8 posts - 1 through 8 (of 8 total)
  • Author
    Posts
  • #271
    Avatar of mobile.mess
    mobile.mess
    Member

    HEY TO ALL,

    #8423
    Avatar of bill_gatten
    bill_gatten
    Participant

    No.

    Bill

    #8424
    Avatar of mtnwizard49
    mtnwizard49
    Member

    Bill,

    Isn’t it true that if the mobile homes are permanently affixed to the land and have permanent foundations (such as in a mobile home park), they are realty and eligible for a land trust?

    #8425
    Avatar of bill_gatten
    bill_gatten
    Participant

    No.

    #8426
    Quote:
    No. ?It’s only when the mobile is not mobile that it could be considered real estate.

    I’m working with a prospective RB who has very limited funds and potentially may be considering a mobile home.

    What does Bill mean by “It’s only when the mobile is not mobile that it could be considered real estate”?

    #8427
    Avatar of jim
    NULL
    Member

    A mobile home has a Vehicle Identification Number (VIN)

    As long as it is registered under this VIN – it is not real estate – no matter how it is fastened down or locked in place.

    Jim

    #8428
    Avatar of bill_gatten
    bill_gatten
    Participant

    Note as well that even when a mobile home is registered under the VIN, you could place it in a land turst, if the owner of it also owned the land under it.

    #8429
    Avatar of jim
    NULL
    Member

    Note as well that even when a mobile home is registered under the VIN, you could place it in a land turst, if the owner of it also owned the land under it.

Viewing 8 posts - 1 through 8 (of 8 total)

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