Chicago Title Endorsement Handbook - Chicago, IL

ALTA 2006 • 31 MANUFACTURED HOUSING UNIT – FORM 7-06 ALTA Endorsement — Form 7-06 is available for owner’s and loan policies. The endorsement clarifies the coverage being provided by specifying that the manufactured housing unit (for example, the mobile home or prefabricated housing unit) located on the Land is covered by the terms of the policy. While the endorsement does not specifically amend any section of the policy, it does serve to clarify the definition of “Land” in paragraph 1(i) of the Conditions of the loan policy and 1(g) of the owner’s policy. Under this definition, the Policy insures title to, or a lien on, manufactured housing units only if they are considered fixtures on the Land. Issuance of this endorsement constitutes the Company’s recognition that the manufactured housing unit on the Land is covered by the policy. This endorsement, which insures against loss if the manufactured housing is not considered real property under state law, will not be available in those states which do not have such statute or case law provisions. ALTA Endorsement — Form 7-06 (Manufactured Housing Unit – 6/17/06)