MOBILE HOME APPRAISER

Mobile and manufactured homes are classified as personal property. Mobile Homes are not permanently affixed on foundations while Manufactured Homes are. Mobile and Manufactured homes do not have deeds like real estate but, rather, these units have titles - just like cars and trucks. Most mobile home buyers finance their purchases through chattel mortgages. Once the appraised value has been determined, the loan is approved. Insurance is required in order to indemnify lenders against catastrophic occurrences and other events which may cause harm to the mobile home. The mobile home appraiser may also be called upon to place a value on a unit for estate dissolution, Medicaid compliance, Section 8 housing, charitable donations, landlord-tenant disputes, bankruptcy, divorce and redevelopments at mobile home parks; also known as trailer parks. Mobile homes come in two major sizes, single-wides and double-wides. Single-wides are 18 feet or less in width and 90 feet or less in length and can be..