When is a sale of a manufactured home considered complete when not installed on a permanent foundation?

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A sale of a manufactured home that is not installed on a permanent foundation is considered complete when all funds except escrow fees are dispersed from escrow. This is because the transaction is primarily financial until the funds are fully transferred, ensuring that the seller receives compensation for the sale. The involvement of escrow is essential as it acts as a neutral third party facilitating the process until all financial obligations are satisfied.

Dispersing funds except for escrow fees means that the primary monetary aspects of the sale have been resolved, thus legally finalizing the transaction. This ensures both the buyer and seller have met their obligations, with the funds managing the risks involved in the transfer. It provides a layer of protection and certainty in the transaction, which is crucial in real estate dealings, including manufactured homes.

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