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Buying or Selling a Home/have put dep on mfg home in NJ
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Question
Mom 89 & son 67 want to move from NY to Ocean cty NJ. She's given him med proxy, poa and beneficiary of one bank acct. Should title be in her name or joint? She doesn't have a will. thank you! Dan
Dan....cash or not, you should still go through escrow! You have no idea if the title is clear, taxes up to date, easement, etc.
If you still want to go ahead without knowing all this, at least call an escrow office that does mobiles and see if they will give you the titling advice...they should co-operate. "~ Mike
Hi Dan...this is a legal question, but I will tell you about Calif. rules.
If the son has any bills, or problem accounts, they will be subject to using the home as an asset...whether it's mom's or joint.
Ask the escrow officer at this point in the transaction to explain to you the difference in the various ways to title a mfg. home
Escrow will be doing the titling anyway...it's part of the escrow process. Good luck on your move...."~ Mike
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| Rating(1-10) | Knowledgeability = 9 | Clarity of Response = 9 | Politeness = 10 |
| Comment | tks mike.there is no bank (ergo escrow ofcr) involved; it will be a cash purchase, pending acceptance by seller and park mgt.We accept mortality and are concerned with survivorship rghts. If the unexpected strikes I may want to move to CA and will request that list, unless you want to send it now.DF | ||
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Michael McClure
Expertise
I am a licensed specialist in mobile home sales in the South Bay area of So. California. I can answer questions related to buying and selling used homes that are already placed in parks, and placing NEW HOMES in park or private land. My previous banking background will also be of help to you re: financing questions. I am not a lender, but may be able to head you in the right direction.....I DO provide financing for my customers!
Experience
Many years of experience in the mobile/manufactured home business, as well as ten years major bank background.
Selling,listing and providing financing for used and new homes.....why pay the landlord's mortgage??
Pay your own, and have something for the future!
MMCCLURE@TROPHYHOMESINC.COM
310 386 1061
WWW.TROPHYHOMESINC.COM
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