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A chattel loan is a special type of personal property loan you can use to purchase a mobile home. These mobile home loans are designed for financing expensive vehicles like planes, boats, mobile ...
Both companies and individuals frequently use chattel loans to buy real estate when the property involves mobile homes, manufactured homes or other movable structures. The reason for this is based ...
Mobile homes are designed and constructed to be transportable by road in one or two sections. Mobile homes are no larger than 20 m × 6.8 m (65 ft 7 in × 22 ft 4 in) with an internal maximum height of 3.05 m (10 ft 0 in). Legally, mobile homes can still be defined as "caravans".
The MHINCC distinguishes among several types of factory-built housing: manufactured homes, modular homes, panelized homes, pre-cut homes, and mobile homes. From the same source, mobile home "is the term used for manufactured homes produced prior to June 15, 1976, when the HUD Code went into effect."
A real estate investment can diversify your portfolio and produce significant returns on your investment over time. But unless you have cash to buy the property outright without jeopardizing your ...
Mobile homes, or trailers, are built on wheels, and can be pulled by a vehicle. They are considered to be personal property, and are licensed by the Dept. of Motor Vehicles. [citation needed] Tiny homes with wheels are included in this category. They must be built to the DMV code, and pass inspection for licensing. [citation needed]
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