QUESTION:

Elgibility

Can reverse mortagebe obtained on a manufactured home in an mobile home park? asked by DCK
asked by DCKinser, 8/2/2008
Categories: Medicare Supplemental Insurance, Liability, Medicare, Pensions, Life Insurance, Retired, Late Stage Retirement, Asset and Income Protection Insurance, Health Insurance, Social Security, Estate Planning, Medicaid, Military Retirement Pay
ANSWERS:
Answered by: Editorial, 08/04/08
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Unfortunately, to qualify for a Reverse Mortgage, you must own both the land and the structure. Long term leases from the park do not qualify.

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