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Need Accurate Appraisals For Mobile And Manufactured Homes In Leasehold Parks?

Manufactured Home

Two Qualifications You Should Require From Your Appraiser

1.  Certification Training and Experience.

Determining accurate and supportable valuations for properties in leasehold parks is not the same as typical residential real estate appraisals.

It’s Personal Property – Not Real Property

The homeowner does not own the land.  This puts these homes in the “chattel” or personal property category.   Market conditions can be quite different for these types of residences. Proper training is essential for quality appraisals.

Also, valuations must be properly supported by accurate data to avoid any delays or underwriting conditions.  This comes with knowledge acquired from working in this type of market in a variety of park locations.

M&C Appraisals Specializes In Mobile And
Manufactured Home Appraisals

  • Certified Residential Appraisal License
  • Over 6 years experience in mobile and manufactured home appraisals
  • Homes in 142 different leasehold parks appraised in the Bay Area
  • 1100 appraisals delivered with no underwriting problems
  • We have the tools to ensure accuracy such as local MLS, mhousing.com, and Housing and Community Development subscriptions.

 

2.  Major Lender Approval List

Underwriting issues and loan approval delays typically result from valuations that come from inexperienced appraisers. 

That’s why most lenders that fund personal property work exclusively with appraisers who have demonstrated expertise and knowledge in leasehold park residences.

M&C Appraisals Is Approved By The Following Major Lenders:

  • CU Factory Built Lending
  • 21st Century Mortgage
  • Triad Financial Services
  • US Bank
  • Community West Bank

 

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