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A chattel mortgage is a loan used to buy movable property, like manufactured and mobile homes, rather than fixed real estate. They are sometimes referred to interchangeably as manufactured home loans.
Mobile homes are designed and constructed to be transportable by road in one or two sections. Mobile homes are no larger than 20 m × 6.8 m (65 ft 7 in × 22 ft 4 in) with an internal maximum height of 3.05 m (10 ft 0 in). Legally, mobile homes can still be defined as "caravans".
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 June 15, 1976, when the HUD Code went into effect."
Clayton Homes was founded in 1956 by Jim Clayton. [9] [10] The business began by refurbishing and reselling used mobile homes.[11] [12] In 1966, Jim Clayton opened a Clayton Homes store location in Knoxville, Tennessee, on Clinton Highway. [13]
US new home sales tumble; median house price highest since 2022; Reuters. US house prices increase strongly in December; NBC Universal. Do you need to make $100,000 to buy a home? Census data says yes
After Hurricane Charley in 2004, 17,000 FEMA-issued trailers and mobile homes were successfully deployed. [8] At least 145,000 trailers were bought by FEMA to house survivors who lost their homes during the 2005 Atlantic hurricane season due to Hurricane Katrina and Hurricane Rita . [ 9 ]
When Katrina destroyed 75% of the housing units in New Orleans, the agency scurried to respond to the disaster, spending $2.7 billion on 145,000 trailers and mobile homes to house an estimated ...
A trailer park, caravan park, mobile home park, mobile home community or manufactured home community is a temporary or permanent area for mobile homes and travel trailers. Advantages include low cost compared to other housing, and quick and easy moving to a new area (for example, when taking a job in a distant place while keeping the same home).