The mobile home owner has the title (free and clear).

I always look at title and equity which is why I don't personally work the non-performing 'emotional equity' deals.As previously framed by others, this is loan is an anomaly.

I tried looking into the title to find comps but nothing was listed.  

They are saying the purchaser pays the premium for the issuance of the title policy, including cost of title search and recordation of title documents.

You may want to watch September 14, 2015 webinar titled How to Analyze A Fix And Flip Deal (And Avoid Getting Burned).

Your job title says that you are a broker, so you should know the answer to this question already.  

Next time you can try to sell the LLC and its interest in the property after you close on it and then at least there is only 1 transfer of title rather then you buy, then you sell causing 2 transfers of title and technically the need for 2 smoke certs and 2 temp CO as you are now selling the property to a new buyer who has to sign off on the temp CO that they will complete the required repairs.  

Any good title company/insurance you can suggest in Brooklyn, New York. 

I found this to be a good thing, a seller was happy to hear you were familiar with state laws and all the legal paperwork, and many connections in the title and lending communities to help things go as smooth as possible, and I had a state agency to answer to in many cases unlike all those  no good unlicensed investors, And before some investor has a cow, lighten up, I was an investor for ten years before I added a real estate license to my tool belt. 60 years investing and 50 years licensed.

I like the title of your post!