Comments on: HUD’s New Guidelines For Manufactured Homes, Includes Reverse Mortgages http://reversemortgagedaily.com/2009/05/27/huds-new-guidelines-for-manufactured-homes-includes-reverse-mortgages/ Reverse Mortgage News and Information Sat, 26 May 2012 06:42:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Tom http://reversemortgagedaily.com/2009/05/27/huds-new-guidelines-for-manufactured-homes-includes-reverse-mortgages/comment-page-1/#comment-29317 Tom Thu, 28 May 2009 18:11:50 +0000 http://reversemortgagedaily.com/2009/05/27/huds-new-guidelines-for-manufactured-homes-includes-reverse-mortgages/#comment-29317 One other requirement is the manufactured home had to have been directly shipped from the manufacter to the property location. Manufactured home does not qualify for a Reverse Mortgage if the manufactured home has been re-located to another location. Unless something has changed, this is my understanding. Anyone care to reply? One other requirement is the manufactured home had to have been directly shipped from the manufacter to the property location. Manufactured home does not qualify for a Reverse Mortgage if the manufactured home has been re-located to another location. Unless something has changed, this is my understanding. Anyone care to reply?

]]> By: Katie Bateman http://reversemortgagedaily.com/2009/05/27/huds-new-guidelines-for-manufactured-homes-includes-reverse-mortgages/comment-page-1/#comment-29311 Katie Bateman Thu, 28 May 2009 17:12:01 +0000 http://reversemortgagedaily.com/2009/05/27/huds-new-guidelines-for-manufactured-homes-includes-reverse-mortgages/#comment-29311 There are two manufactured home projects in my area where title is held in condominium. I am a loan officer and tried contacting HUD's Ownership Center on how to get these projects approved, but they were unable to help me. When I spoke to my lender on the same issue, they told me the HOAs of these projects need to contact the HUD's Ownership Center and get approval on their own. I guess until we hear further from HUD, or the next mortgagee letter on this issue, the LOs pretty much have their hands tied behind their backs.. Has anyone else tried getting approval for a project yet? There are two manufactured home projects in my area where title is held in condominium. I am a loan officer and tried contacting HUD’s Ownership Center on how to get these projects approved, but they were unable to help me. When I spoke to my lender on the same issue, they told me the HOAs of these projects need to contact the HUD’s Ownership Center and get approval on their own. I guess until we hear further from HUD, or the next mortgagee letter on this issue, the LOs pretty much have their hands tied behind their backs.. Has anyone else tried getting approval for a project yet?

]]> By: admin http://reversemortgagedaily.com/2009/05/27/huds-new-guidelines-for-manufactured-homes-includes-reverse-mortgages/comment-page-1/#comment-29238 admin Wed, 27 May 2009 21:57:17 +0000 http://reversemortgagedaily.com/2009/05/27/huds-new-guidelines-for-manufactured-homes-includes-reverse-mortgages/#comment-29238 As far as I could tell it was only the HERA mention regarding individual manufactured housing units in condominium projects. If anyone has lots of experience with manufactured housing & HECMs let us know if you notice anything different. As far as I could tell it was only the HERA mention regarding individual manufactured housing units in condominium projects.

If anyone has lots of experience with manufactured housing & HECMs let us know if you notice anything different.

]]> By: John Doe http://reversemortgagedaily.com/2009/05/27/huds-new-guidelines-for-manufactured-homes-includes-reverse-mortgages/comment-page-1/#comment-29234 John Doe Wed, 27 May 2009 20:59:47 +0000 http://reversemortgagedaily.com/2009/05/27/huds-new-guidelines-for-manufactured-homes-includes-reverse-mortgages/#comment-29234 What is different? Its seems like everything is the same as it has been? Except the possiblity to do a manufactured home in a condo setting? Which sounds like its still open to the understanding of Chapter 11. What is different? Its seems like everything is the same as it has been? Except the possiblity to do a manufactured home in a condo setting? Which sounds like its still open to the understanding of Chapter 11.

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