Assertion: mobile home | /r/HasProperty | personal property
Facets:
value: in almost all states
type: LOCATION
value: previously
type: TEMPORAL
value: in credit transactions
type: TEMPORAL
value: like motor vehicles
type: OTHER
value: originally
type: MANNER
value: as an affidavit of affixture
type: MANNER
value: for financing purposes
type: PURPOSE
value: in another
type: LOCATION
Source sentences:
text: If your mobile home is considered chattel or personal property, you might need to provide your seller with a notarized bill of sale.
text: While mobile homes can be real estate in one state, and personal property in another, FHA has its own definition.
text: Manufactured Homes: Personal Property or Real Property?
text: Though a manufactured home is considered personal property to begin with, a homeowner can usually take steps to change the classification from personal property to real property.
text: Manufactured homes are titled as real property, much like site-built homes, and mobile homes are titled as personal property, much like motor vehicles.
text: If the mobile home has a transferable title, like a car, it is treated as personal property for financing purposes.
text: Regardless of whether a manufactured home is listed as personal property or as an Affidavit of Affixture it is valued in an identical manner.
text: A manufactured home is originally titled as personal property.
text: When the mobile home – which has previously been considered personal property – becomes part of a real estate transaction, it becomes real property.
text: Since your mobile home is considered chattel or personal property, you will have to provide your buyer with the notarized bill of sale.
text: If the mobile home is not being sold with the land, it is considered 'personal property,' or chattel.
text: If a mobile home on top of private land (you own) is considered personal property, it will likely have a title similar to a vehicle.
text: As a wholesaler, it’s important to know if the mobile home is considered personal property or real property.
text: Even though mobile homes are not easily removed from land once placed, they are still considered personal property (although in many locations a person who owns both the mobile home and underlying land can convert the mobile home to real property by taking some affirmative steps).
text: A mobile home is considered personal property until it is tied into a land parcel.
text: Mobile homes are personal property.
text: One reason mobile homes depreciate in value is because they are personal property, not real property.
text: A related disadvantage is that mobile homes, because they are personal property, are usually more expensive to finance.
text: Indiana A manufactured home that is personal property not held for resale or not attached to real estate by a permanent foundation must have a certificate of title.
text: The first step in figuring out whether your manufactured home is real property or personal property is to see whether your state has a statute that governs this topic.
text: By figuring out whether the manufactured home is personal property or real property, a lender and borrower then know what process the lender must use to recover the home if the borrower defaults.
text: Many states have statutes that provide procedures for converting a manufactured home to real property, while a few states have statutes that specify whether a manufactured home is considered personal property or real estate in credit transactions.
text: In almost all states, manufactured homes are initially considered personal property.