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Definition: The act of buying or selling a
manufactured (or 'mobile') home.
The sale and transfer of manufactured homes is considered a specialized area of
real estate. First, unless attached to the foundation, a manufactured home is
considered personal property, making the guidelines for this escrow different
from those of a site-built house. In this instance the home is registered with
the
Department of Housing and Community Development. However, when the property
is affixed to land, it is considered real property and the transaction is then
similar to that of a residential resale, regulated by the
Department of Corporations.
A
specialized Escrow Officer who understands all regulations and has up-to-date
knowledge of this unique process, is an absolute necessity in providing a smooth
transaction. Heritage Escrow remains educated on all laws and requirements
involved in manufactured home sales and our in-house dedicated Escrow Officers
are extremely capable of successfully handling these types of transactions.
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