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This topic contains 6 replies, has 0 voices, and was last updated by mobile.mess 15 years, 10 months ago.
HEY TO ALL,
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?
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”?
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.
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.
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