Mobile Homes / Homeowners


If you live in a mobile home, double-wide mobile home or modular home that is set up in a mobile home park -- or you know friends and / or family that do -- this issue is of vital importance to you.

 

While the mobile home owner owns his / her home, the land owned by the mobile home park owner -- on which the mobile home, double wide or modular home rests -- creates a different kind of property rights.

 

This is a case wherein homeowners are also tenants.

 

How safe are mobile home park residents from the sale of the land under their homes?

 

What can be done -- and what has already been done -- to legally protect the property rights of these American homeowners?  

 

Very little stands between these homeowners and homelessness, created by the park's owner deciding to sell or change the use of the land, and notifying the residents by delivering an eviction notice.

 

This button will hopefully be of great help to network and empower such homeowners / residents / tenants to protect these very special property rights.


Definitions directly related to Mobile Homes/Homeowners:

 

Ground rent Income from the lease of the ground itself, and not from any buildings or other improvements on that ground. Ground rent is frequently used in mobile home parks where the living units are individually owned, but the land is rented from the mobile home park owner. U.S. Treasury OTS (Office of Thrift Supervision, in charge of banks, savings and loan associations, etc.) http://www.ots.treas.gov/glossary/gloss-g.html

 

Inventory loan A loan granted for the purpose of purchasing inventory for resale, particularly manufactured (mobile) homes. U.S. Treasury OTS (Office of Thrift Supervision, in charge of banks, savings and loan associations, etc.) http://www.ots.treas.gov/glossary/gloss-i.html

 

Manufactured home A dwelling that is wholly or substantially built in a factory with major components then delivered to the building site for assembly. Mobile homes, as well as prefabricated stationary homes, are included in the category of manufactured home. U.S. Treasury OTS (Office of Thrift Supervision, in charge of banks, savings and loan associations, etc.) http://www.ots.treas.gov/glossary/gloss-m.html

 

Mobile home A movable, portable dwelling without permanent foundation, designed for year-round living. U.S. Treasury OTS (Office of Thrift Supervision, in charge of banks, savings and loan associations, etc.) http://www.ots.treas.gov/glossary/gloss-m.html

 

Mobile home loan A loan to finance the purchase of a mobile home, secured by the lender's claim on the mobile home. The loan may include funds for associated costs such as transportation of the mobile home and setup on a new site. U.S. Treasury OTS (Office of Thrift Supervision, in charge of banks, savings and loan associations, etc.) http://www.ots.treas.gov/glossary/gloss-m.html

 

Modular house A residence assembled in units or sections at a factory and transported to a building site where it is erected on a foundation. The term does not include mobile homes. U.S. Treasury OTS (Office of Thrift Supervision, in charge of banks, savings and loan associations, etc.) http://www.ots.treas.gov/glossary/gloss-m.html