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: Liability, Medicare, Life Insurance, Medicaid, Pensions, Estate Planning, Late Stage Retirement, Health Insurance, Medicare Supplemental Insurance, Military Retirement Pay, Asset and Income Protection Insurance, Retired, Social Security
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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