A doublewide or single wide may have all that info on it, but but newer manufactured and modular homes don't always have serial numbers or anything like that these days. That form is to be completed by the title company or attorney, not you or the borrower. It gets recorded so that the tax assessors office realizes that the structure is attached to the land, and is taxed as real property and not personal property.
The borrower does sign the document, and you are notarizing it.
I consider a DT complete without the legal description attached. It has the property address, and it is up to the TC or attorney to make sure the legal is attached. As for having borrowers verify their legals, most don't know that they are in lot 7, phase 8, block 4 of a subdivision, and here in NC with so many metes and bounds descriptions, no borrower knows unless they have their survey in hand. |
