Hi @Farhad Shir - if you're a Canadian investing in the US (or an American, for that matter), I wouldn't recommend that you invest under your own name - my understanding is it would open up your personal assets to any liability related to your investment. 

The more time your attorney has to review and get approved the lien waivers with the title company the better the matter will be for you and your money.Any additional recommendations or comments to the above is welcomed, as I only like to make the process easier for you and my own client's.

And yes close the mortgage, note, lien, deed xfer, at an Attorneys office.One of the unmentioned problems with buying MHs on land, or MHs in parks for that matter.  

I would never lend to an inexperienced person, no matter how great the "deal" is. 

I kind of doubt they will be unable to secure insurance or financing, but it's definitely worth investigating the potential implications before laying cash on the table (or lock it in with a due diligence contingency for this matter). 

I debated the matter with him, but he was quite insistent.  

The guidelines for what you are refinancing out of never matter unless there's a prepayment penalty or something.

or does it not matter because the paperwork is all the same?

For me personally, it does not matter if prices retreat.

My husband sees my vision of success and thats what truly matters.