The process you are describing is called 'title elimination' or something similar.  In my state, mobile and manufactured homes are licensed just like trailers and cars, by the vehicle licensing department.  By eliminating the title, you are tying the ownership with the land which give lenders a much better lien.  Many lenders won't lend on mobile homes if the title has not been eliminated.  It can also be retitled later if needed.\n\nIt shouldn't have any affect on the value, but may help in obtaining better financing since the market has completely collapsed for mobile home lending.