Should your payments stop being made, the lender needs to know how to find you. Without either of those documents you are 'off the radar'.
I noticed your reply to Nancy's comment below:
"Yes I am pretty aware that prices are very high however on the internet I found out a couple of houses below 100K$."
I would just caution you if the property listings are from RealtyTrac, which is a company who advertises "foreclosure listings" on Trulia. RealtyTrac's primary objective is to separate you from your money in exchange for providing information most any Realtor® can provide you for FREE.
Please see the blog post below to start off on the right foot and stop "getting the run-around"!
MLS Data Accuracy – Where to search if you’re “without Realtor®”
If you really want to have the most up to date information for ACTIVE listings team with a local Realtor® who can set you up with an automated search for what you can afford.
not in Sunnyvale or Palo Alto...where are you seeing such low $ amounts? pre-foreclosures? those homes are not listed for sale
BUYER CASH REBATE 50%-60% / SELLER DISCOUNT 50%
Quality Full Service! Work directly with the Broker/Owner.
Flavio Tejada, MBA-Finance, Realtor, Broker/Owner
But if you do buy a manfactured home you should be very careful. Don't buy one that was built before June 15, 1976 as there are many health and safety issues you will need to consider. Additionally, they may be very difficult to get your money back out of.
Call or email me if you would like additional info on a manufactured home. email@example.com or 760 815-6977
Thanks for inquiring and good luck!