BANK TALK
Exploring the Finances of the Unbanked

Can I get a Foreclosed Manufactured Home with That?

August 06th, 2008

Now there is news that last week’s massive housing bill, aimed at staunching the real estate and mortgage industry crisis, will extend support to the foreclosure problem.  The solution is a tax credit of $7500 for people who buy foreclosed properties.

This could be a bonanza for the right investor with a careful business plan.  Already, some banks are ramping up their foreclosed properties portfolios.

My question is, as usual, what will this mean for manufactured housing?  Will there be language that eliminates personal property-designated homes from qualifying for this relief?


Filed under: Manufactured Housing in the News | Tags: , ,
August 06th, 2008 12:43:02
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