Posted by Sandra S(NC) on March 11, 2002 at 17:04:21:
We have done the titles both ways. Typically we assign the titles to ourselves, get the new title back and then assign it to the new owners. (You need to show that you owned the mh.)On our titles, there is a section for “first re-assignment of titles” once you and the previous owner sign, you can have the new buyer sign in this section with you as the seller. Only one transfer this way. HTH, Sandra
Lonnie Deal Title Transfer - Posted by KLM
Posted by KLM on March 11, 2002 at 16:22:16:
Thanks everyone for your help on these Lonnie deals. I just bought a used single wide three weeks ago for $4,500 and sold it today for $8,990 with $2,000 down and $400 per month. Yield on the note is somewhere around 160%. Good enough!
Here’s the question: the sellers signed the title…would you let the new buyer sign that title and only show my corporation as the lienholder? or would you do two separate transfers of title? (costs about $18 per transfer where I live)