Mobile Homes
Underwriting Manuals
Standard Exceptions
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Table of Contents
MOB
Mobile Homes
A manufactured home (e.g., mobile home, modular home) may be deemed to be part of the insured “land” if permanently attached to the land. To issue without exception to the manufactured home on an Owner or Mortgagee Policy and to issue the Form T-31 manufactured housing endorsement to a lender, you must confirm that the home is permanently attached, that all personal and real estate taxes are paid, and that the certificate of title is canceled or is being canceled.
Requirements
MOBR01
STG
12/01/1995
V
2
Verify Mobile Home is attached and Taxes Paid
The Company is informed that a manufactured home is located on the land. The Company requires:
b) satisfactory evidence of permanent foundation,
c) satisfactory evidence of sewer and water hook-up,
d) a physical inspection by a representative of the Company prior to the closing of this transaction,
e) satisfactory evidence that there are no taxes due and owing to the State,
f) the certificate of title must reflect that the title to the home is vested in the owner of the land,
g) any outstanding certificate of title must be canceled pursuant to the requirements of applicable law and all liens on the title must be satisfied,
h) satisfactory evidence that real estate taxes relating to the mobile home have been assessed and paid for those years that it has been affixed to the land, and
i) a satisfactory UCC search.
a) satisfactory evidence of the removal of axle and tires,
b) satisfactory evidence of permanent foundation,
c) satisfactory evidence of sanitation, electric and water hook-up,
d) a physical inspection by a representative of the Company prior to the closing of this transaction,
e) satisfactory evidence that there are no taxes due and owing on the mobile home as personal property,
f) the certificate of title must reflect that the title to the home is vested in the owner of the land,
g) any outstanding certificate of title must be canceled pursuant to the requirements of the Texas Manufactured Housing Act, law and all liens on the title must be satisfied and a Certificate of Attachment must be obtained from the Texas Department of Housing and Community Affairs and filed in the real estate records,
h) satisfactory evidence that real estate taxes relating to the mobile home have been assessed and paid for those years that it has been affixed to the land, and
i) a satisfactory UCC search.
At that time, the Company may make additional requirements or exceptions.
Comment: To issue without exception to a mobile home that is attached to the land, you must verify that it is permanently attached, that the certificate of title is canceled and that all taxes are paid. If you process the cancellation of title and are satisfied the cancellation is ministerial, you may issue the Form T-31 Manufactured Housing Endorsement to the lender or issue without exception before completion of the title cancellation.
b) satisfactory evidence of permanent foundation,
c) satisfactory evidence of sewer and water hook-up,
d) a physical inspection by a representative of the Company prior to the closing of this transaction,
e) satisfactory evidence that there are no taxes due and owing to the State,
f) the certificate of title must reflect that the title to the home is vested in the owner of the land,
g) any outstanding certificate of title must be canceled pursuant to the requirements of applicable law and all liens on the title must be satisfied,
h) satisfactory evidence that real estate taxes relating to the mobile home have been assessed and paid for those years that it has been affixed to the land, and
i) a satisfactory UCC search.
a) satisfactory evidence of the removal of axle and tires,
b) satisfactory evidence of permanent foundation,
c) satisfactory evidence of sanitation, electric and water hook-up,
d) a physical inspection by a representative of the Company prior to the closing of this transaction,
e) satisfactory evidence that there are no taxes due and owing on the mobile home as personal property,
f) the certificate of title must reflect that the title to the home is vested in the owner of the land,
g) any outstanding certificate of title must be canceled pursuant to the requirements of the Texas Manufactured Housing Act, law and all liens on the title must be satisfied and a Certificate of Attachment must be obtained from the Texas Department of Housing and Community Affairs and filed in the real estate records,
h) satisfactory evidence that real estate taxes relating to the mobile home have been assessed and paid for those years that it has been affixed to the land, and
i) a satisfactory UCC search.
At that time, the Company may make additional requirements or exceptions.
Comment: To issue without exception to a mobile home that is attached to the land, you must verify that it is permanently attached, that the certificate of title is canceled and that all taxes are paid. If you process the cancellation of title and are satisfied the cancellation is ministerial, you may issue the Form T-31 Manufactured Housing Endorsement to the lender or issue without exception before completion of the title cancellation.
See Underwriting Manual
Exceptions
MOBX01
ALTA
12/01/1995
V
2
Except to Mobile Homes
The land shall not be deemed to include any house trailer, manufactured home, mobile home or mobile dwelling on the land.
Comment: If you are not satisfied the mobile home is permanently attached or if the certificate of title is not canceled, you must use this exception as an accommodation to the customer.
Comment: If you are not satisfied the mobile home is permanently attached or if the certificate of title is not canceled, you must use this exception as an accommodation to the customer.
See Underwriting Manual
MOBX02
ALTA
12/01/1995
V
2
Unpaid or Unassessed Taxes
Taxes for the year ___________ and prior years, due to failure to assess the house trailer, manufactured home, mobile home or mobile dwelling on the land.
Comment: If the mobile home has been attached permanently to the land but was not included in the tax assessments, you must add this exception.
Comment: If the mobile home has been attached permanently to the land but was not included in the tax assessments, you must add this exception.