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#2291187 - 11/29/23 04:18 PM Change title on mobile home to Trust - Refinance?
Tarhe Offline
Diamond Poster
Joined: Nov 2006
Posts: 1,393
California
An existing Borrower (coach only, manufactured home loan) would like to transfer his manufactured home into the name of his Trust. Title companies will not provide this service without a refinance where the borrower obtains a new loan (and has a new interest rate and pays all 3rd party costs). An express escrow company that does title work for manufactured homes will work with a borrower to complete appropriate title & Dept of Housing paperwork to accomplish the change to the Trust. Is this more of a legal/contract issue - how does changing the title affect our lien on the manufactured home? There are no compliance issues that I'm aware of. Do others do this without doing a refinance?

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#2291189 - 11/29/23 04:27 PM Re: Change title on mobile home to Trust - Refinance? Tarhe
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,009
Galveston, TX
Going to be a State law issue as to whether they can do that with an outstanding lien on the property. If they can, then your current loan would not be impacted as the lien will still attach to the mobile home. They cannot void that lien by changing the ownership.
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#2291193 - 11/29/23 04:51 PM Re: Change title on mobile home to Trust - Refinance? Tarhe
Tarhe Offline
Diamond Poster
Joined: Nov 2006
Posts: 1,393
California
Thank you!

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