Table of Content
We provide you with complete, accurate, and current mobile home information so you can get it right. If you notice any errors or improvements please contact us immediately at As always, if you have any follow-up questions or concerns never hesitate to reach out or comment below any time. This rule applies to any mobile home that is personal property in the state of Texas. ” the answer is a little more complicated than you might initially think.
This page discusses transferring a mobile home’s ownership from a seller to a buyer in the great state of Texas. This is not intended in situations where the land the mobile home sits on is included in the sale. If the land is included in the sale please reach out to a local real estate attorney to help facilitate your closing.
What Does a Mobile Home Title Look Like?
It is always more cost effective for us to retire the titles along with a closing because it saves some duplication of work. All information provided on Silblawfirm.com (hereinafter "website") is provided for informational purposes only and is not intended to be used for legal advice. Users of this website should not take any actions or refrain from taking any actions based upon content or information on this website. Users of this site should contact a licensed Texas attorney for a full and complete review of their legal issues. The bill of sale for a manufactured home proves the legal sale and purchase of your home between the buyer and retailer. Block 4 describes the ownership information where you can specify whether this transaction is a sale and record the transfer date.
If the home does not have a required Texas Seal or HUD Label, you will need to indicate that information in Block 2b. A person is not legally allowed to buy, transfer, or sell a mobile home without a certificate of title or Statement of Ownership or Location . The seller must get a lien release with payment confirmation if there are any outstanding liens on the mobile home. Depending on where the mobile home is located, state law may require it to be treated as real property, such as a brick and mortar home.
How to Apply for Statement of Ownership
You can use retailers such as MobileHomeHQ to help you sell your property for cash, even without a title. To replace a Certificate of Attachment for a real property SOL, you need to send an SOL application and the original COA or an affidavit of fact which states that the COA was filed in the real property records. If there are no changes and you send the original COA or affidavit to the TDHCA, there are no required fees. A notary public can notarize a mobile home title transfer, but it must file all necessary documents with the departments. Even if your state does not require the exchange to be notarized, doing so is highly recommended as it involves a third party who can give evidence during disputes. Before transferring your mobile home title, you need to decide what the terms of the exchange will be.
Because of our extensive knowledge and contacts, we are able to solve and complete 99% of all the transactions that we receive. One of the most typical problems for mobile homes is that the buyer rarely rushes to transfer the title into their name. Years may pass before they finally decide to make the change—and that may only be when it's time to sell the mobile home! So, what should you do if you sell your manufactured home and discover that your name is still missing from the title? Before legally selling the house, you'll need to transfer ownership into your character.
Office Information
If homeowners wish to return their manufactured home from real property back to personal property, they can do so by applying for a new Statement of Ownership. The TDHCA requires an inspection and lien search to prove there are no liens on the property. Homeowners must also notify their county tax assessor of this change in order to alter how the home's property taxes will be assessed. A mobile home title is transferred in a similar manner as a motor vehicle. Make sure to stay in communication with the buyers to verify that they have mailed all forms to the state in order to change ownership.
The Texas Department of Housing and Community Affairs issues a Statement of Ownership instead of a mobile home title to homeowners when transferring or selling a mobile home. The owner must apply for this document within 60 days of the sale date or risk incurring a late fee and a delay of the statement's issuance. Additionally, they must reapply when they move the home, change it from personal property to real property, or when lien information changes.
How to Get a Lost Title for a Mobile Home in Texas
Title companies often tell us they’re sure the mobile home title is in the seller’s name because the land title shows up in the seller’s name. Believe it, or not, it might not even be the right mobile home. Since 2021 the Texas Department of Housing and Community Affairs has told each Texas county tax collectors’ office they are only allowed to legally charge you for the last 4 years of back personal property taxes.
The next step is ensuring you've signed all the relevant documentation and reviewed every sale step. Remember, signing isn't just transferring the mobile home; it's facilitating all aspects of the transaction. If there's something about the exchange you need more information on, withhold your signature until you can make necessary changes to the agreement.
Once the agency deems the application complete, it issues the Statement of Ownership. The property owner must evidence their agreement to retire their titles by signing the necessary affidavits, and applications. Currently there is no DMV charge for retiring titles, however there are costs involved. These costs include document recording fees, purchasing Court certified copies of the recorded documents, FedEx or mailing fees, and time dealing with the Courthouse, Property Appraiser, and the DMV. Therefore you must allow for title transfer fees and RP costs as well as the title retiring costs. If the seller fails to obtain a Tax Receipt, then it is important to act smart.
So, before you buy or sell a mobile home, it's a good idea to look out for the titling requirements in your state. A mobile home title, like a house or automobile title, can reveal whether the present owner has any liens on the property; this means they still pay taxes or fines. You don't want to buy a mobile home with liens that you are unaware of because you could be held responsible for those charges; this is why it is so important for buyers to seek to examine the certificate of title. In most situations, if liens encumbered the property, the owner will not possess the title. So, if the home's seller can show you an identification free of liens, you should be ready. If a buyer purchases their manufactured home from a licensed retailer, that seller assists them in completing the necessary forms.
Processing takes about 15 business days, but the applicant can pay an additional $55 service fee to process it within five business days from receipt. Any certified copies of a Statement of Ownership are free upon request. It is possible to sell a mobile home without a title, though you cannot legally transfer ownership without it.
If you're selling a mobile home, this may be as simple as agreeing on a price with a buyer. In cases of inheritance or other reasons for transferring, additional stipulations may have to be met before the transfer occurs. A document that transfers ownership of a mobile home from one person to another is known as a mobile home title transfer. While this may appear to be a straightforward notion, how this process is handled differs from other property types and varies by state. Contrary to a common misconception, retiring a title is not automatic. The law authorizes retiring titles, but does not require it.
If you own a mobile home or are looking to purchase one in Texas, having a certificate of title is critical to have to prove ownership. When ownership is established, all manufactured homes, house trailers, and mobile homes are issued one certificate of title by the Department of Motor Vehicles because they are considered vehicles and not fixed houses. To make the necessary corrections, owners must provide the identification numbers of the manufactured home, such as a HUD Label, a Texas seal and/or serial number, and information about the corrections required. The TDHCA will review the initial Statement of Ownership application. If the applicant made a mistake, they'll need to fill out a new application and pay the $55 fee a second time for a correct statement. If they did not make a mistake, the TDHCA will correct the statement and send it to the homeowner free of charge.
Buyers should first determine what supporting documents they'll need when filing for the ownership document, as well as any fees by referring to the agency's requirements for Applying for a Statement of Ownership . They'll need to provide evidence of ownership, such as a bill of sale, contract, deed, purchase agreement or sale receipts. The TDHCA reviews the application upon receipt and if it finds the evidence presented to be insufficient, it will notify the applicant and send a Request for Additional Information .
No comments:
Post a Comment