“I don’t think it’s blown out of proportion. There is a difference between allowing owners the option of chattel financing and requiring the land as security.”
The reality is that the intent of the law, and the wording of the law, occasionally clash when it comes to practically.
Texas created or inherited it’s own mess of problems concerning MH’s… and with one broad stroke of the pen, the legisature tried to fix the damage that took years to develop… and was primairy caused by laws that were lacking punch in the first place.
“…when families want to use the farm as a location for the home for a son or daughter, as well as other situations where the land has worth and use other than as a mobile home site. Additional dwellings for farm use, mother-in-law homes, and even rental homes in parks become problems under such a requirement.”
Which is really not a problem… simply survey and deed off an acre or two for the intended purpose, and go on with life.
Rental homes in parks would qualify for chattel financing… and as long as the borrower is paying lot rent (on someone’s land - parents or otherwise), the home could be chattel financed there as well.
While we are sleeping, two-thirds of the world is plotting to do us in.
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Fortune finishes the great quotations, #6
“But, soft! What light through yonder window breaks?”
It’s nothing, honey. Go back to sleep.
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