Posted by Chuck on July 18, 2002 at 20:14:01:
If it’s a single home on a single lot (parcel of land), how does the term “park” come into play?
Answer… it doesn’t.
It isn’t a park unless there are several homes all sharing a common drive/road/street… which of course would mean that it’s zoned accordingly.
What you’ve described (in your post) is a land/home deal.
Can an owner finance a park as a land+mobile deal? - Posted by Gavin Wilkinson
Posted by Gavin Wilkinson on July 18, 2002 at 19:50:24:
I’m trying to find a way to reduce park financing costs…
Why can’t I refinance the park as a land+mobile deal? I own the land, and I can buy a mobile and put it on it with a permanent foundation. The amount is small, less than 100k. If it would appraise ok, would this qualify for land+mobile financing?