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