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In most states it is considered real property, in those that have to specific law as to how it is categorized the default statute could apply leaving it to the decision of the court. However, homestead exemptions pertaining to mobile homes are quite different than the exemption for a house. Whether or not the land on which the mobile home is located is owned by the dweller could also play a part in how the property is assessed. If you are in California, the double wide is only consdired to be real property by a lender if it is on a permanent foundation.
Wiki User
∙ 15y ago
Wiki User
∙ 11y agoPersonal property is generally considered to be things that are movable, clothing, furniture,appliances, vehicles etc, as opposed to real estate and homes. -Obviously this puts mobile homes in a kind of grey area in between. Mobile homes also differ in that they are legally treated as motor vehicles by some states of the US. They differ again in if you own them outright, or have a loan or even a mortgage in force, and again if you have a deed or a 'title' - As you can see, there are NO simple answers here, especially as you have given us no information as to your status of 'ownership'.
Another Perspective
The question of whether a mobile home is real or personal property depends on several factors including state laws and how it is attached to the land. They are governed by state law and state laws vary. They can fall under either category. In some jurisdictions, if the land and mobile home are owned by the same entity, it would be real property. Alternatively, if the land is leased and the mobile home is owned then it is considered personal property. You need to consult with an attorney in your state who can review the details and explain your particular situation. You could also check with the local tax assessor's office or the department of motor vehicles.
Wiki User
∙ 9y agoYes, a double wide trailer is considered real property in North Carolina. This is because it is a building or structure that sits on the land.
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Should I declare my mobile home as real property or personal property?
The mobile phone should be declared as a personal property and not a real .property. This is because a mobile phone has a small shelf life.
Are mobile homes personal or real property in Canada?
Real estate is land; - the mobile home park in which mobile homes are parked would be real estate, but the mobile homes themselves are not real estate, they are the equivalent of large cars that you can live in. A car is personal property rather than real property, and so is a mobile home.
Do you have to pay property tax on a trailer?
Yes, in most states in the United States you will pay either a personal property tax or real property tax on a trailer (also known as mobile home or manufactured home). Each state defines what constitutes personal property or real property as the terms relate to mobile homes but typically a mobile home that is permanently fixed to the site is considered real property. If you own land where a temporary mobile home has been placed you could receive a real property tax bill for the land and a personal property tax bill for the mobile home.
Is a home personal or real property?
It depends on what you mean by home. If your home is a transportable mobile home installed on a rented lot your home may still be personal property. If you are referring to your private residence that is built on your land then your home is considered real property. Real property is land, any rights that inure to it and anything permanently attached to it.
If a mobile home is not attached to Texas real property and I default on the mobile home what can the mortgage holder do?
Take the mobile home back and sell it.
Are mobile homes real property in Texas?
No. Mobile homes are not real property.
How is real property different from personal property?
The difference between personal property and real property is that personal property can depreciate faster than improvement made on real property.
How do you define a mobile home?
A mobile home is just that "a home which is mobile." The mobiles have wheels, unlike a stick house which is attached to a foundation. Mobile homes can be classified as "real property" if the wheels are removed and the home is placed on a permanent foundation.
My mobile home is on some else's land If that land is foreclosed on does my home become part of the foreclosure?
Not unless the mobile home was part of the collateral offered for the loan that is in default or. For example, if the lender gave money to a borrower and secured a lien against land, then you placed the mobile home on the property, the mobile home is your property and was not part of the defaulted loan. You will be required to vacate the land, but should be able to take the mobile home assuming it belongs to you. Generally, true mobile homes are not real estate, they are personal property. A mobile home can become real estate if it is built after the 1970s, has a HUD sticker, is on a foundation and the owner pays property taxes. If this occured and was owned by person who defaulted on the loan, it might be part of defaulted loan. There may be a trustee of record for the foreclosure, if you are unsure about your rights you may contact them or an attorney for information
Is a ceiling fan real property or personal property?
If the ceiling fan is attached to real property (installed), then it is real property. If it is in the trunk of your car, it's personal property. If it was installed when a prospective buyer inspected your home and you subsequently took it down and put it in the trunk of your car, you will need a lawyer.
Are Fructus Industriales real property or personal property?
Personal Property
Is your house real or personal property?
Real Property
