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Mobile Home – RESPA/TRID Exemptions

We are considering financing the purchase of mobile homes that will be placed in rental slots in a new mobile home park. Will we have to worry about complying with RESPA on these loans?

No. Suffice it to say that you will not be making a Federally Related Mortgage Loan because under RESPA you won’t have the dirt as collateral. This also avoids TRID.
Learn more about Andy Zavoina’s webinar Mobile Home Loan Compliance

First published on 10/02/2016

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