When a mobile home is purchased and installed on a building lot, what must be filed to have it considered real property?

Prepare for the Utah PLM Test with flashcards, multiple choice questions, and detailed explanations. Maximize your chances of passing with a thorough review of lending and mortgage concepts.

To have a mobile home considered real property when it is purchased and installed on a building lot, an affidavit of affixture must be filed. This legal document effectively changes the status of the mobile home from personal property to real property by affirming that the mobile home is permanently affixed to the land. The affidavit acts as a declaration that the mobile home is now part of the real estate and is subject to the same titles and legal considerations.

This process is important because personal property, such as mobile homes before they are affixed, can be sold or financed differently than real property. By filing the affidavit, the owner ensures that the mobile home is recognized legally as part of the real estate, which impacts property taxes, financing options, and the ability to resell the property.

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