If you default in your manufactured home loan, the lender might be able to retake control from it through repossession or property foreclosure.
A manufactured home is a kind of housing that is brought to a location and, once here, is generally guaranteed towards the ground or even a foundation. Continue reading for more information about the type of manufactured housing and what the results are it sits upon if you stop making loan payments on your manufactured home or on the land.
Comprehending the Difference: Cellphone Residence, Manufactured Home, Modular Residence
Mobile phone home, manufactured home, and home that is modular terms which can be commonly used interchangeably; nevertheless, you will find distinctions.
Cellphone Homes and Manufactured Homes
In 1974, Congress passed the mobile phone Residence Construction and protection guidelines Act (the Act), which directed the U.S. Read More…