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txrose57 · Joined: 19 Aug 2010 Posts: 1 1.00 Dollars($)

I am trying to get a home improvement loan and am having difficulty because my credit union is requiring that I have a warranty deed on my mobile home instead of a title. The mobile home sits on 20 acres of land. We purchased the land several years before the mobile home and have a warranty deed on it. However, they won't accept that deed and tell me that I need a separate warranty deed on it. I've spoken to a local attorney and he tells me I don't need it that I just need to relinquish the title to the credit union. However, the credit union is adamant that they can't do it that way. Can you tell me what I need to do? I have clear title to the home and also have the property free and clear.

adonis · Posted: Thu Aug 19, 2010 10:30 pm Post subject:

Hi txrose,

If the property is free and clear, then the lender should take the warranty deed that you have on the property. You can contact a real estate attorney and take his opinion in this matter. He will guide you to know whether or not you would require a separate warranty deed.

Guest

Got it figured out, had to get a statement of owner and location form from the Texas Dept of Housing to claim the home as real property instead of personal property. It will be tied to the land through this statement. Thanks for your response adonis.

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