Chattel Mortgage Form For Mobile Home In Collin
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Section 1201.222 - Certain Manufactured Homes Considered Real Property (a) A manufactured home is treated as real property only if: (1) the owner of the home has elected to treat the home as real property as provided by Section 1201.2055; and (2) a copy of the statement of ownership for the home has been filed in the ...
To sell or offer to sell manufactured homes to a CONSUMER, a person must be licensed with the TDHCA Manufactured Housing Division and sponsored by a licensed and bonded retailer or broker. Salespersons cannot sell independently. Retailer and Salesperson licenses should always be displayed and visible.
State law requires that a manufactured home have either a HUD Label or a Texas Seal attached to it BEFORE any sale or exchange (or any negotiations for such) of the home to a consumer.
Payments held in escrow for a manufactured home do not transfer ownership. Applications for Statement of Ownership and all associated paperwork must be submitted to the Texas Department of Housing and Community Affairs (TDHCA) to complete the ownership transfer.
In Texas, selling a mobile home requires you to have the title and ownership documentation in order, just like any other property. You'll need to ensure the title is clear, meaning there are no liens or claims against the home, and that it accurately reflects the home's information.
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The proper term for a mobile home is manufactured home. Terms like a trailer, trailer park, and even mobile home are no longer politically correct, but the public has been slow to adopt the proper term, “manufactured home.”
Mobile Mortgage Specialists (MMS) are TD employees who are available to assist with your real estate borrowing needs at a location of your choice and are often available outside of normal banking hours including evenings and weekends.
Chattel is any tangible personal property that is movable. Examples of chattel are furniture, livestock, bedding, picture frames, and jewelry.
A form of security interest, typically a legal mortgage, taken over tangible movable property (known as chattels).