Manufactured housing:

A home that the law still treats like a car

Febrary 2005
PDF Format

Executive Summary
We recommend

Report:
Repossession: Hauling off entire households
Foreclosure laws
Power of sale clauses reduce foreclosure protections
Repossession
Limits on self-help repossession
Right to cure and right to reinstate
Anti-deficiency laws
That is not the home I ordered
Recommendations

Sidebars:
Definitions
Key protections in foreclosure and key weaknesses of repossession
Deed of trust
Park tenancy
Drew Industries
Homestead Exemptions

Charts:
Foreclosure laws in six souhwestern states
Southwest states repossession laws
Right to cure default before repossession/Right to reinstate after repossession

Director
Reggie James

Author
Suzanne Henry

Editor
Kathy Mitchell

Design
Amanda Frayer

For more information, contact:
Suzanne Henry,
Policy Associate
512-477-4431 x121
shenry@consumer.org

Kathy Mitchell,
Research Coordinator
512-477-4431 x125
mitcka@consumer.org

Rafael Ayuso,
Media Director
512-477-4431 x114
ayusra@consumer.org

This report was funded in part by a grant from the Ford Foundation.

Click here to find out more about manufactured housing.

Park tenancy:

Specific problems affect manufactured homes sited in parks. In these cases, the homeowner is vulnerable to rent increases in addition to maintaining payments on the loan for the manufactured home. The park owner can evict a tenant/homeowner when rent payments are missed. Once the home is unoccupied, it is easier for the lender to repossess it.¹

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Footnote:

¹ National Consumer Law Center, Repossessions and Foreclosures (5th ed. 2002), p. 563.