I called the bank first and they assured me this was an unnecessary step (using a title company...).  

., and Chapter 5 of the Texas Property Code which since 2005 has imposed burdensome requirements and penalties upon seller financing of residential properties.I wouldn't touch it with a ten foot pole.http://www.lonestarlandlaw.com/owner_finance.html

It’s really unnecessary.  

PMs are an unnecessary expense. good software and automation can replace almost of what you do. good cleaner/handyman and you on the phone can handle the rest.

If there's anything unnecessary, cut it.

Most people will tell you it's un necessary, which is true.

It may turn out to be entirely unnecessary.

While many believe it's unnecessary because it's a conveyance between family members, it's always possible there's something in the record that might be an unanticipated and unpleasant surprise.

Conventional lenders for the most part have a self-imposed 15 year age limit on mobiles.

It should also let the Tenant know that the original contract remains in place until termination.You could create a new lease as long as all parties agree in writing, but it is unnecessary.