MHD FORM 1023 / Statement of Ownership Appl.doc Page 2 of 2 Rev. 01/16/18
BLOCK 5: Right of Survivorship (if no box is checked, joint owners will NOT have right of survivorship)
If joint owners desire right of survivorship, check the applicable box below:
Married couple will be the only owners and agree that the ownership of the above described manufactured home shall, from this day forward, be held jointly and in the
event of death, shall pass to the surviving owner.
Joint owners are other than married couple, desire right of survivorship, and have attached a completed Affidavit of Fact for Right of Survivorship or other affidavits as
necessary to meet the requirements of §1201.213 of the Standards Act.
BLOCK 6: Election - Purchaser(s)/Transferee(s)/Owner(s) check one election type
All manufactured housing is titled as Personal Property, unless elected as:
Real Property – I (we) elect to treat this home as real property as (one box must be checked):
I (we) own the real property that the home is attached to. I (we) have a qualifying long-term lease for the land that the home is attached to.
The applicant or their authorized representative is the holder or servicer of the loan.
I (We) understand that the home will not be considered to be real property until a certified copy of the Statement of Ownership has been filed in the real property
records of the county in which the home is located AND a copy stamped “Filed” has been submitted to the Department.
Please attach a legal description of the real property to this application (Example: Exhibit A, Deed or Title Commitment).
If a title company, list your file or GF #: _____________________________________________________________
Inventory – (FOR RETAILER USE ONLY) Retailer license number must be provided in Block 4b if this election is checked.
BLOCK 7: To Designate a Home as Business Use, Non-Residential, or Salvage
home WILL NOT be used for residential use, indicate its designated use:
Business Use (means the use of a manufactured home in conjunction with operating a business, for a purpose other than as a permanent or temporary residential
dwelling)
Purchaser intends for a person to be present in the home for regularly scheduled work shifts of not less than eight hours each day.
Non-Residential Use Other than Business Use or Salvage (means use of a manufactured home for a purpose other than as a permanent or temporary residential
dwelling)
Salvage (For purposes of Chapter 1201 of the Standards Act, a manufactured home is salvaged if the home is scrapped, dismantled, or destroyed or if an insurance
company pays the full insured value of the home.) A salvaged home may only be sold to or rebuilt by a licensed Retailer (subject to inspection and approval prior to
BLOCK 8(a): Liens: Will there be any liens on the home (other than a tax lien)? Yes No If yes, complete the below lien information.
BLOCK 8(b): Lien Information
Name of First Lienholder:
Name of Second Lienholder:
BLOCK 9: Special Mailing Instructions
IF a copy of a Statement of Ownership is to be mailed to
anyone other than the owner or lienholder of record (such
as a closing agent), please provide that mailing address
here.
BLOCK 10: Signatures Required (Notarization is Optional)
10(a) Signatures of each seller/transferor
10(b) Signatures of each purchaser/transferee or owner
____________________________________________
Signature of owner or authorized seller
Sworn and subscribed before me this ____ day of ____________, 20___
____________________________________________
Signature of Notary
SEAL
____________________________________________
Signature of purchaser/transferee or owner
Sworn and subscribed before me this ____ day of ____________, 20___
____________________________________________
Signature of Notary
SEAL
____________________________________________
Signature of owner or authorized seller
Sworn and subscribed before me this ____ day of ____________, 20___
____________________________________________
Signature of Notary
____________________________________________
Signature of purchaser/transferee or owner
Sworn and subscribed before me this ____ day of ____________, 20___
____________________________________________
Signature of Notary
10(c) For Lien Assignments Only
____________________________________________________________
Signature of authorized representative for previous lienholder
____________________________________________________________
Signature of authorized representative for new lender