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#764647 - 06/29/07 02:28 PM Loan on double-wide mobile home
countrytink Offline
Junior Member
Joined: Feb 2004
Posts: 48
Illinois
I can't remember how to perfect our lien on a loan to purchase a double-wide mobile home that is located on rented real estate. I believe it is perfected by recording our lien on the title and not a UCC filing. I know that RESPA is not required since there is "no dirt" involved; but I'm not sure in Illinois of a mobile home is considered "real property". Hopefully someone has run into this type of loan before and can help me out.

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#767557 - 07/03/07 07:00 PM Re: Loan on double-wide mobile home countrytink
Tom at HOME Offline
Diamond Poster
Joined: Oct 2005
Posts: 1,139
The question is whether it is a titled item or a fixture. If the double wide is a titled item, perfect by having your name listed on the title as the lien holder. If a fixture, use a UCC1 and file a fixture filing in the county real estate records where the double wide is located and a filing on fixtures with the Secretary of State.

If you're not certain which it is, do both because one of them will be correct and only the Judge knows.

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