I’ve recently brought 2 new mobiles into my park and have a regular real estate agent selling them. We are in the beginning stages of the process and she wants to know who will create a “settlement sheet”. In the past, I’ve sold used mobiles in the park with just a Bill of Sale. A settlement sheet through a title company will cost $250.
The mobiles are new, on my lots which are leased to tenants, and the buyer will most likely find their own conventional lending. Is a settlement sheet necessary, or will a Bill of Sale suffice?