Thread: Manufactured Homes - Forums powered by WWWThreads

Mine is of the mobile home variety. However, the axles were removed and it is sitting on a permanent foundation. We also went through the legal work to have it made into real property, but that does not matter to banks, it seems.

"I agree 100% with the OP." Congrats. I am really happy for you. _ _ _ _ _ _ "Mfg. homes and mobile homes go down in value. They are homes on wheels." _ _ _ _ _ _ Are you familiar with the number, 768? Because it apparently has 2 significant meanings. One is the speed in mph that it takes to break the sound barrier. It is when Transonic speed is changed to SuperSonic speed. The other speed definition, is when you hear that...

I just pulled these number out of no where, I wanted to illustrate better what I think the OP was trying to say, that is all.

There's more to this story somehow. I've handled a number of manufactured homes with no difference in financing from stick-built homes. Perhaps this one falls short of normal specifications or has some other abnormality. A national political campaign is better than the best circus ever heard of, with a mass baptism and a couple of hangings thrown in. - H L Mencken

Are we talking about manufactured homes as mobile homes or as in modular homes? It was my understanding that mobile homes are treated differently, but modular homes are treated the same as stick built.

I agree 100% with the OP. Mfg. homes and mobile homes go down in value. They are homes on wheels. Banks are in the right and considering these homes a huge risk. ------------ John Galt sank his ship and went down with his entire crew.

In reply to: This is in GA. In GA, all mobile homes built since 1977 are considered manufactured homes But all homes built in factories are not mobile homes. From the Georgia department of community affairs memorandum about modular buildings: "...Industrialized/modular buildings are not manufactured/mobile housing..." ...Though I suppose it may be a problem finding a lender who knows the law. jimb

I am under the impression that if it arrived on wheels, ownership takes the form of a title, like a car whereas a stick-built home comes with a deed. Therefore, you may have a deed to the land it's permanently attached to, but the home ownership is a title. Am I correct? Remember...the average response time to a 911 call is 4 minutes. The response time of a .357 magnum is 1400 feet-per-second. Edited by fuzz1228 on 11/06/09 05:39pm...