questions & answers
Question: What is the maximum amount of time monies need to be released to the seller in a mobile home transaction?
Trust and escrow issues regarding the sale of a new manufactured homes or previously owned manufactured homes that are worth over $50,000 are regulated by A.R.S. 41-2180. According to this rule, the earnest monies held in the trust account for the sale of a mobile home can only be held until either 1) the title transfer is made or 2) the transaction is completed (the purchaser receives the property) or terminated and an accounting has been made. Questions, complaints or other issues about the sale of mobile homes can be addressed by the Office of Manufactured Housing.
What is the maximum amount of time monies need to be released to the seller in a mobile home transaction?
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