Affidavit Of Affixture Manufactured Home With Mortgage

State:
Arkansas
Control #:
AR-LR052T
Format:
Word; 
Rich Text
Instant download

Description

The Affidavit of Affixture Manufactured Home with Mortgage is a legal document that facilitates the classification of a manufactured home as real estate, thereby allowing it to be treated similarly to traditional homes for purposes of mortgages and property assessments. This form is essential for establishing ownership rights to a manufactured home when it is affixed permanently to a piece of land. Key features include obtaining necessary details about the mortgage, describing the manufactured home and its location, and confirming compliance with local building codes. Applicants must provide information regarding the cancellation of the home's title and evidence of its permanent connection to utilities. Filling out this affidavit may be beneficial for attorneys and legal assistants handling real estate transactions, as well as for paralegals who support property law cases. Owners of manufactured homes will also find this document useful when securing loans or clarifying property taxes. To ensure its validity, it must be notarized and properly filled out with accurate details regarding the property and the affixed home.
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FAQ

Mortgagor Affidavit . An affidavit signed by a Mortgagor attesting to, among other things, that such Mortgagor does not intend to use the proceeds of the Mortgage Loan for personal, family, or household purposes.

Instructions: ? Submit the ORIGINAL application signed before a notary. ? ... Owner and Home Information. Name of Owner(s) E-Mail Address. Property Address. ... I certify the mobile home is affixed to the real property described above. Signature of Owner(s) as Listed Above. Date. ... Secured Parties. 1st Secured Party. Address.

The Affidavit of Affixture is a method of affixing a manufactured home to be part of real property/real estate. This site allows a status search for the affidavit and is updated at the end of each business day. It is important to note that processing time for the affidavit is 7-10 business days after receipt.

The affidavit of affixture combines the land and the home as one. So the land and home are permanently tied together on title. If the affidavit is not recorded there are two separate titles: 1 title for the land, and 1 title for the manufactured home.

The recording of an Affidavit of Affixation in the register of deeds' office will be prima facie evidence that the manufactured home is affixed to real property as an improvement to the property, so that lenders will be able to rely on the affidavit to file and properly perfect their liens, and bankruptcy judges may ...

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Affidavit Of Affixture Manufactured Home With Mortgage