Handling real estate transactions today requires you to navigate various complexities, which can be quite intimidating. Things even get more complicated when you have to handle transactions relating to mobile homes. In Florida today, understanding exactly how to transfer a mobile home title is crucial if:
- You’re interested in buying a manufactured home. In this case, knowing how the entire process for mobile home title transfer works will ensure you legally become the current holder of the record.
- You need to sell your mobile home.
- Understanding how to transfer a mobile home title also matters if you’re looking to pass down or gift your mobile home to your heir.
That said, here’s a burning question; how exactly does mobile home title transfer work today for MH buyers? You’ll find all you need to know about this MH title transfer-related question as you continue to read this post.
Factors to Consider Before Your MH Closing
For you to achieve a successful mobile home title transfer, you need to put many things in place before mobile home closing. Some of these things include:
- Ask and confirm that the mobile home seller has the title for the property they’re looking to sell. Also, you need to confirm whether or not the seller holds the ownership of the property.
- You should also do your due diligence by checking for back taxes from your state’s DMV. Taking this move will help you understand whether or not the MH taxes are current. If the taxes have been due for some time, then consider calculating the total dues and deducting them from the MH selling price. This is important because once you gain ownership of the mobile home, you’ll be responsible for paying off the tax dues.
- Understand that it’s not in all cases that sellers are aware of liens on the properties they’re selling. As such, it makes sense to do your due diligence and check for any lien on the property before buying it. One way to do this is by contacting your state’s DMV and providing them with the MH’s VIN or serial number. The DMV office will help you confirm if there are any liens against the mobile home.
- What if there’s a case of MH lost titles? Before going ahead to purchase the mobile home, ensure to visit your state’s DMV office. You’ll be directed on what you need to do to resolve the mobile home title problem.
All you Need During and After the MH Closing
During the mobile home closing, you certainly need to complete certain paperwork. Some documents needed to make the closing a success include:
- Certificate of title(s)
- Bill of sale
- For double-wide and triple-wide mobile homes, ensure to get as many titles, depending on the MH sections.
But What Happens After a Mobile Home Closes?
Well, you still need to put many things in order even after the Florida MH closing:
- You (the buyer) need to take relevant forms to your state’s DMV for mobile home title transfer.
- Expect to pay a small fee to complete the transfer process.
Need help handling your mobile home title transfer? If yes, you can always speak with experts at MH Titles Unlimited today.