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FSBO Mobile in RV Park, closing options
I'm fairly new to mobile home investing, the last 2 purchased were closed through Escrow Co. The mobiles came with its own land. This most current deal is under contract, FSBO, owner with title in hand. The mobile is sitting in a very small mobile park, I spoke with the park mgr/owner who said to rent it out is allowed & moving it out of the park is allowed. Would it be fair to say it's considered Chattel and personal property? In that case I should be able to do a bill of sale /get title signed over in front of a notary? Perhaps save a couple of hundred this way , instead of going through Escrow.
Any pitfalls or issues with this option... please share your thoughts. The location is NorthEast, AZ