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Site Index Financial Manufactured Homes

Manufactured Home financing with Chattel Loans PDF Print E-mail
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The Manufactured Home is a fixture by virtue of its own weight and mass, but is not an improvement (removal of the Manufactured Home will change the use of the underlying real property, and that the Manufactured Home will remain for an indefinite period of time). The Manufactured Home is installed on posts, piers or other type of acceptable foundation system in accordance with manufacturer's instructions. Additional documents must be filed through the Closing Agent. Escrow or Closing Instructions will reflect instructions to file such document(s) at the close of Escrow. Some local governments require manufactured homes be on a specific foundation or meet other requirements. Thus, local government restrictions override any other collateral considerations. Further considerations are that like Manufactured Homes be used as comparables for purposes of determining appraised value.

 
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