Have you been looking purchasing a mobile home in the greater Sarasota Florida area but are confused or unsure of what exactly you need to know regarding the title of the mobile home you are buying?
Do you know what a title a of a mobile home is and how it relates to the property you are looking to buy in Sarasota Florida?
If so, please read on as we explain the basics of what a mobile home title is and the role that it plays when looking to buy a mobile home in the greater Sarasota Florida area.
Mobile homes located in the state of Florida that are within a mobile home park where the owner of the mobile pays lot rent are viewed as and taxed as personal property and not real property.
This is the same way a vehicle is taxed here in the state of Florida.
The title of the mobile home details exactly who owns the mobile home, what, if any, leans are on the property as well as the VIN number, Florida ID number and additional information of the property itself.
In Florida, the title of the mobile home is the ownership document which, essentially, says who owns the home.
If a title does not exist or if the Buyer or Seller of the mobile home in Florida can not locate the title then that is not a big problem as the Department of Motor Vehicles can create what is referred to as a duplicate title.
A duplicate title comes with it some additional paperwork and a small fee but it can be printed off in order for the owner of the mobile home to have the proper documentation.
If a duplicate title is not applied for or a title is not obtained during the purchase or sale of the mobile home then, again, a duplicate can be printed off by the DMV. In order for this to happen then the new owner of the mobile home will need to provide their photo identification along with a purchase agreement or bill of sale for the mobile home in question. Here the DMV will be able to get the information needed for the duplicate title without an issue.
Where we see issues is where the Buyer of the mobile home buys the property but does not or refuses to obtain any information identifying the mobile home that was purchased such as the VIN number or property ID. These are identifiers that the state of Florida needs to have in order for for them to identify what the property is so that a duplicate title can be created.
When looking at buying a mobile home within the greater Sarasota Florida area always look to make sure your paperwork is together and accurate. If the person you are buying the mobile home from does not have an accurate title, stop the sale and make sure everything is totally taken care of prior to moving forward as the last thing any Buyer wants to do is inherit any additional problems from the home Seller!
This is Mark Kaiser and we help mobile home Buyers and Sellers get to better place in life.