Comments on: My parents put a manufactured home on a piece of property which is owned by a family company?

By: Mrs HarleyBrat

Mrs HarleyBrat — Sun, 13 Apr 2008 12:59:06 +0000

you own a mobile home - it transfers title like a car - easy - just transfer the title at any title office - but be aware as you make improvements that since it is a mobile home on leased land it will never have any real resale value (so be careful how much $ you put into it)

By: J P

J P — Thu, 10 Apr 2008 08:07:06 +0000

Check with a title attorney in your area. Transfers from parent to child are usually exempt from transfer taxes. The company could sell you the land for $1 and your parents could gift you the manufactured home, and then the title attorney could combine them onto one deed. That would make the property more suitable for a loan, too.

By: Joseph

Joseph — Thu, 10 Apr 2008 05:10:11 +0000

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By: Martinmm

Martinmm — Wed, 09 Apr 2008 23:22:33 +0000

more info.

By: Jeanie

Jeanie — Mon, 07 Apr 2008 11:14:47 +0000

Is there a title to the home? If so just have them sigh it over to you. No problem.