I heard Obama signed an executive order recently to that effect. If true, the poorest of people would not be able to sell or buy a mobile home using a bank. What gives?
Anonymous
Favorite Answer
No such thing...another "political rumor" like millions of others
A mobile home (also trailer, trailer home, static caravan, caravan) is a prefabricated structure, built in a factory on a permanently attached chassis before being transported to site (either by being towed or on a trailer). Used as permanent homes, for holiday or temporary accommodation, they are left often permanently or semi-permanently in one place, but can be moved, and may be required to move from time to time for legal reasons.
Anonymous
Banks That Finance Mobile Homes
Tortfeasor
Banks won't give you a mortgage for a mobile home independent from the land it is sitting on. Why? Because a mobile home without the land is not real estate. Why you would connect that to Obama is beyond me.
?
Not a mobile home, but I've heard this about only being able to move a house that sets on a foundation, no more than twice, because of safety factors, and they are not built to move the way a mobile home is. Mobile homes are built to move. They are built like trailors that trucker use to deliver products everyday.
The Arbiter of common sense
Total nonsense. No such law exists, or has ever even been proposed. Sounds like you've been reading The Onion or something similar.