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Manufactured housing: A home that the law still treats like a car Febrary 2005 Executive Summary Sidebars: Charts: Director Author Editor For more information, contact: Kathy Mitchell, Rafael Ayuso, This report was funded in part by a grant from the Ford Foundation. Click here to find out more about manufactured housing.
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In most states, homeowners can claim a homestead exemption for their manufactured home even when it is not classified as realty, legally attached to land.1 In addition to giving manufactured homeowners a deduction on their property taxes, homestead laws can give homeowners the ability to protect the home against repossession by creditors other than the home lender. A homestead exemption gives a debtor who is in bankruptcy protection on their home and other assets that keep them from being sold to pay off debts. Most states cap the value of personal property that can be protected at a very low level. If the dollar amount is small, these limits can render the protections meaningless. Footnotes: 1
National Consumer Law Center,(5th ed. 2002), p. 563.
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