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However, the power of sale only arises where "mortgage money has become due", [21] and it is exercisable as a result of one or more conditions specified in the Law of Property Act 1925, s103. When a mortgagee exercises their power of sale, there is a duty to act fairly towards the mortgagor. [ 22 ]
Signed into law by President Gerald R. Ford on August 22, 1974 Mobile Home Construction and Safety Standards Act of 1974 or National Mobile Home Construction and Safety Standards Act is a United States federal law establishing design and development safety standards for manufactured housing or prefabricated homes .
Manufactured homes may be single- or multi-section and are transported to the site and installed. The MHINCC distinguishes among several types of factory-built housing: manufactured homes, modular homes, panelized homes, pre-cut homes, and mobile homes. From the same source, mobile home "is the term used for manufactured homes produced prior to ...
Signed into law by President Ronald Reagan on October 15, 1982 The Garn–St Germain Depository Institutions Act of 1982 ( Pub. L. 97–320 , H.R. 6267 , enacted October 15, 1982) is an Act of Congress that deregulated savings and loan associations and allowed banks to provide adjustable-rate mortgage loans .
2-Flat, 3-Flat, and 4-Flat houses: houses or buildings with 2, 3, or 4 flats, respectively, especially when each of the flats takes up one entire floor of the house. There is a common stairway in the front and often in the back providing access to all the flats. 2-Flats and sometimes 3-flats are common in certain older neighborhoods.
Sales of new U.S. single-family homes increased to the highest level in nearly 1-1/2 years in September as buyers rushed in to take advantage of a decline in mortgage rates. Ne… NBC Universal 3 ...
Similarly, a chattel mortgage granted to allow a person to purchase a trailer home could be lost if the trailer is later attached to real property. The law regarding fixtures can also cause many problems with property held under a lease. Fixtures put in place by the tenant belong to the landlord if the tenant is evicted from the property. This ...
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