Friday, April 24, 2009

How to sell our mobile home, but keep the land it is on? who would be the first person to contact?

We want to move into the city but keep our land. We want to sell the mobile home in order to free up the debt to buy the new home. We did not want to rent it because the tenents might not want feel comfortable with us coming to the land to tend to the animals and using the workshop. so selling the home was our best option. It is on a permanent foundation. However, it is cracked and a new owner would have to have it repaired before they could get bank financing anyway if they left it here.


There are a couple of items that need to be cleared up here. Has the title to the mobile home been purged? What this means is that the mobile is no longer personal property, it's not considered real property. If that's the case, you can't really sell it without the land due to the fact that it's no longer considered a motor vehicle.

Let's assume that the mobile home has not had it's title purged. Is the loan attached only to the mobile or to both the mobile and the land? If it's attached to just the mobile, then yes, you can sell the mobile alone and let someone take it with them. If it's attached to the mobile and the land, you need to talk to the lender and see what remedies you have. In this case, the loan is probably more than the mobile alone is worth, so you'd have to come up with cash to pay off the loan (and therefore to get the title to the mobile) if you sold it.

You state that the mobile home is on a permanent foundation that is cracked. If you sold just the mobile home, the buyers will not have to repair the foundation, as it wouldn't be left in place. But, if it's on a permanent foundation, probably you would need a crane to remove the home from the foundation. Are the wheels still attached? Who's going to pay for the crane and the wheel assembly? The buyer? You?

It sounds like you just need to either sell the whole thing and buy some other land to keep or just keep the whole thing. I do think you're right about the foundation cracking being a difficult item to overcome, so you're probably going to have to keep the whole thing.

Best of luck to you!

Glenn is right. Just advertise and sell it like you would a car.

Mobile Homes are not considered real property. They have to be registered and licensed through the Department of Motor Vehicles (Bureau of Motor Vehicles in some states) just like a car whether they are on a permanent foundation or not. When you sell your mobile home you need to have a Bill of sale signed by both parties and taken to the DMVor BMV. You need to disclose that the buyer either understands that you will be entering the property (land) not the mobile home to tend to the animals and to use the workshop or that the mobile home be removed (which would be costly to the buyer). Make sure you have a document stating the above and have both of you sign it.

legally in Texas that is more like selling a car. There is no real estate involved so it can't even be listed in the MLS. I would contact a mobile home dealer and ask them what they suggest.

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