Abstract

http://ssrn.com/abstract=1548441
 
 

Footnotes (236)



 


 



Bringing Manufactured Housing into the Real Estate Finance System


Ann M. Burkhart


University of Minnesota - Twin Cities - School of Law

February 5, 2010

Pepperdine Law Review, Forthcoming
Minnesota Legal Studies Research Paper No. 10-06

Abstract:     
Eight percent of the United States population - more than 23 million people - live in manufactured homes (also called mobile homes). In some years, more than 30% of the new homes sold have been manufactured. Moreover, manufactured housing is the most important form of unsubsidized affordable housing in this country. Up to two-thirds of the new affordable homes built each year have been manufactured. However, the manufactured housing industry currently is struggling to survive a meltdown in its sales and finance markets. A tremendous obstacle to the industry’s recovery is that most manufactured homes are characterized as personal property, though they have evolved tremendously from their earliest ancestor, the travel trailer. Today, only 1% of manufactured homes are moved after being sited on a lot. Recharacterizing manufactured homes as real property would reflect modern reality and would provide purchasers and owners with access to the mortgage market, which would increase credit availability and affordability and would provide manufactured home owners the same legal protections that owners of site-built homes enjoy.

Number of Pages in PDF File: 45

Keywords: manufactured homes, mortgages

Accepted Paper Series


Download This Paper

Date posted: February 5, 2010  

Suggested Citation

Burkhart, Ann M., Bringing Manufactured Housing into the Real Estate Finance System (February 5, 2010). Pepperdine Law Review, Forthcoming; Minnesota Legal Studies Research Paper No. 10-06. Available at SSRN: http://ssrn.com/abstract=1548441

Contact Information

Ann M. Burkhart (Contact Author)
University of Minnesota - Twin Cities - School of Law ( email )
229 19th Avenue South
Minneapolis, MN 55455
United States
Feedback to SSRN


Paper statistics
Abstract Views: 789
Downloads: 119
Download Rank: 139,043
Footnotes:  236

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo3 in 0.375 seconds