Interesting question

[jeb]

This does not affect many here but the question came up to me -

In FL, if one owns a mobile home on it's own property it is considered real estate just like any other home.

However, if it is located in a mobile home park, it is titled as a vehicle.

You can use the homestead exemption on a mobile home in a park, just like a "normal" home.

Now, what if one is upside down on the unit and therefore have no equity to claim - can you then NOT homestead it and use the $4,000.00 that one would get if they did not own a home as a "wild card"? - jb

[jeb]

No one have any idea on this? -jb

[Dst1]

I don't know about FL, but I doubt it. My understanding is that an exemption for an asset like a house or a car cannot be transfered to something else; it's use it or lose it.

[jeb]

The point is that a mobile home is normally handled like any other home - as real estate.

If it is on it's own land it is titled just as any other home - goes through escrow, etc.

However, if it is in a park and not on it's own land, it is titled as a vehicle and no escrow, etc., is required when sold.

Can it be used as a veicle such instead of an auto and the $4,000.00 homestead exemption normally given to a home be added to the normal $1,000.00 and used just as if one had no homestead? - jb

[AngelinaCatHub]

True the mobile home is Titled and is still Titled on it's own land. Have you ever filed for Homestead exemption? If not you may have a chance, although a mobile home is not a vehicle. Most don't even have wheels as the factory loans whees now and takes them off. You must then purchase a tag for the mobile home if not homesteaded. It is now a sticker and is taxed like a car.

You are right, it is an interesting question. Are you going to let it go back? 'Hub

[PoorGrammyinBK7]

Do you still plan to live in it or are you thinking of surrendering it?