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Updated about 1 year ago,
Title on Mobile Home that needs full rehab
I am a Realtor assisting the buyer on the purchase of a mobile home. The title company sent me the following and I am not sure what it means to the buyer:
"Here is where we are at with title on this file, In order to transfer title on the Mobile home seller will need to seek counsel from a real estate attorney who will draft a court order which instructs the DMV to issue titles for the mobile home. If buyer wants to close as-is we would add the following requirement as an exception to the owners policy, The insured "Land" as defined by the policy shall not include any mobile home which may be affixed to or located on the Land, and title to any such mobile home is not insured. Let me know which route all parties would like to proceed with."
The Buyer wants to rehab the mobile home. He does not want to demolish it. Title stated that if he is demolishing it then it'll be okay. Something does not sound right here for the buyer, but I may be wrong.