Financing in Torrance>Question Details

Isabel Aragon, Home Buyer in Torrance, CA

Can someone below 55 buy a mobile home in a park for 55 ? Can we rent it and live in it becoz we are the seniors who are in need but cant afford.?

Asked by Isabel Aragon, Torrance, CA Sat Feb 16, 2013

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Not sure I'm completely understanding your question. Are you talking about purchasing a MH in a lease/rent park/community and renting the space? Or are you talking about just renting the MH and not purchasing it? Who would you be renting it from? The park management or another tenant?

You really should start with the park manager of the park/communities you are interested in. You will have to fill out an application and be approved by them before you even make an offer on a manufactured home in a rent/lease park/community.

Be wary of any manufactured home built before June 15, 1976 as they are "PRE HUD" homes and will be very difficult if not impossible to finance. Additionally many if not most PRE HUD homes were built using caustic and carcinogenic chemicals i.e. formaldehyde and asbestos.

But before you purchase any manufactured home you should have the home inspected by an experienced manufactured home inspector and not just any home inspector.Make sure the home is level and that the pier and pad assemblies are in good shape.

Be sure the vapor barrier and insulation are in tact and not ripped, torn or lying on the ground. Have the inspector look for drainage issues i.e. standing water, soil erosion, expansive (clay soil), rusted and deteriorating piers and dry rotted or decomposing wood pads supporting the piers.

Most importantly make sure the home has an approved set of Earthquake Resistant Bracing (ERBS) installed under it as much of California is in a Zone 4 seismic area:

(http://www.google.com/search?q=seismic+zone+3+map+for+califo…)

Feel free to contact us should have any more questions: 800 909-1110, Cell: 760 815-6877. Email: onthelevel@cox.net. Or log onto any of our very user friendly websites:
http://www.mh-processing.com
Web Reference: http://www.onthelevelcontractors.com
1 vote Thank Flag Link Sat Feb 16, 2013
No! You must be 55 years an older.
0 votes Thank Flag Link Sat Feb 16, 2013
Hi Sara,

It might be possible. It depends on the individual parks guidelines as to the age restrictions of those that will be living at the home. The primary home owner must be 55 or older to purchase the home, but someone younger might be able to live with them depending on the age restrictions of the park.

Respectfully,
C. Lee Miller
Broker Associate - DRE Lic #01882648
Flag Sun Feb 17, 2013
Good morning Isabel,

It sounds like you are looking to rent some or all of the mobile home that is in a 55+ park. It all depends on the guidelines and rules of the park where the home is located. I have seen some that have requirements that anyone other than the primary owner, who must be 55+, must be at least 44 years old, unless they are a for assisted living.

The only way to know would be to inquire at the park where the home is located. It might be possible, but the only way to know is to ask. If you would like to have someone to represent you, I would be more than happy to discuss what your desires are in finding a home. There is absolutely no cost to you and please know that I am happy to assist you.

Respectfully,

C. Lee Miller
Broker Associate - DRE Lic #01882648
Direct 877-645-4110
Web Reference: http://www.cleehomes.com
0 votes Thank Flag Link Sat Feb 16, 2013
As long as one of you is 55+, you should be able to buy it and do as you wish with it subject tot he community restrictions....
0 votes Thank Flag Link Sat Feb 16, 2013
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