Real estate blog entries tagged with what you need to know about mobile and manufactured homes by John DL Arendsen, Crest Backyard Homes "ADU" dealer & RE Developer (CREST "BACKYARD' HOMES, ON THE LEVEL General & Manufactured Home Contractor, TAG Real Estate Sales & Investments)

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what you need to know about mobile and manufactured homes: RESIDENT OWNED Manufactured Home Park Communities - 01/05/14 12:49 AM

RESIDENT OWNED Manufactured Home Park Communities & Park Conversions Part 3

Manufactured Home Park Communities remain the most popular setting for manufactured homes. Although many parks are rental and leasehold, for loan and collateral purposes, lenders generally require that the owner of the home also own the land upon which the home sits.
This is known a land-home transaction. Until recently the park also had to be classified as a Subdivision or a Planned Unit Development (PUD) in order for manufactured homes to qualify for FHA-insured loans. Good news because condominium-classified parks are now eligible if the park … (9 comments)

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