Posted by Ernest Tew on July 15, 2001 at 05:26:01:
Owning a mobile home on someone eles’s private land can be very dangerous. If (when?)they decide to stop paying, you are faced with the high cost of moving the home and setting it up somewhere else. Of course, if you also have a mortgage on the land (assuming there is enough equity to back it up) you could foreclose and get the land and home and not have to move it.