To be considered real property, the owner of the manufactured home must also own the land upon which the home sits. Even when the homeowner owns the land, he/she may choose to title each separately---the home as personal property and the land as realty. However, if one wants to secure an FHA-insured mortgage loan, the home and land must be conjoined as a single entity as REAL PROPERTY.
Continue reading...Monday, February 22, 2010
433a, Manufactured Home Financing, Mobile Home Certifications, Mobile Home Financing
Just wanted to add a slice of humor to a very mundane and boring topic albeit probably the most important aspect of your manufactured home. Let this serve as a reminder that you, the manufactured home owner, really need to be careful about who you let work under your home. Don't fall for the many, engineered certification, affidavit of fixture, re-leveling, foundation installation, retrofit and repair, earthquake bracing, hurricane and tornado tiedown scams etc. There's literally tons of them lurking about trying to seperate you from your hard earned doe.
Continue reading...
Monday, February 22, 2010
433a, Manufactured Home Financing, Mobile Home Certifications, Mobile Home Financing