Chattel Mortgage Form For Mobile Home In North Carolina
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Real property consists of land and buildings. Personal property consists of, for this guide, tangible personal property or all personal property that is not intangible and is not permanently affixed to real property. Motor vehicles, if registered, are assessed ing to its registration renewal date.
For example: The United States Department of Housing and Urban Development (HUD) suggests that permanent foundations are meant to be site-built and constructed of durable materials such as concrete, treated wood or mortared masonry.
Manufactured housing (commonly known as a mobile home) is a type of prefabricated housing that is largely assembled in factories on a permanently attached chassis before transported to a site.
In North Carolina, modular homes become part of the real property at the time of installation. In contrast, manufactured housing generally starts out as personal property.
Converting a mobile home into the real property is a three-step process: 1) the mobile home on a permanent foundation and remove the tires and any other means of transport; 2) surrender the title for the mobile home by filing the DMV form, Affidavit For Manufactured Home Conversion to Real Property and; 3) ...
Section 105-273(13) of North Carolina's General Statutes says that in order for a manufactured home to become real property, it must: (1) be a residential structure; (2) have the moving hitch, wheels, and axles removed; and (3) be “placed upon a permanent foundation either on land owned by the owner of the manufactured ...
Complete the transfer forms and gather any additional required documents. This may include proof of ownership, proof of identity, and proof of insurance. Submit the completed forms and documents to the DMV. This can typically be done in person at a DMV office or by mail.
Converting a mobile home into the real property is a three-step process: 1) the mobile home on a permanent foundation and remove the tires and any other means of transport; 2) surrender the title for the mobile home by filing the DMV form, Affidavit For Manufactured Home Conversion to Real Property and; 3) ...
Generally, the procedure involves surrendering the certificate of title or manufacturer's certificate of origin and then filing an affidavit in the local county land records. Typically, the manufactured home must be permanently affixed to the land, a concept often specifically defined.
Permanent foundations must be con- structed of durable materials; i.e. concrete, mortared masonry, or treated wood - and be site-built. It shall have attachment points to an- chor and stabilize the manufactured home to transfer all loads, herein defined, to the under- lying soil or rock.