We are working on converting all POHs to TOHs, over time of course.
When we purchase older parks, we often don’t get titles to the mobile homes if they are 25+ years old. Just a bill of sale for each home in those cases. Usually the owner just didn’t want to take the time to get a title bond since the process can be so time consuming and convaluted (in Georgia) depending on the circumstances.
With that in mind, would there be any reason we couldn’t “sell” a POH to a tenant, new or existing, via a Bill of Sale, same way we purchased it? Maybe even with a disclaimer included in the Bill of Sale language that explains we don’t have a title, but we are transferring to them all of our interest in the mobile home. Why even bother with the hassle of getting a title when these older homes just aren’t worth much. I’ve spent a year trying to get titles in certain circumstances involving no VINs or liens from banks that no longer exist. This is for parks in the State of Georgia.
Thank you!