Often applies to "chattel" (personal property) loans where the borrower only financed the home, not the land. If you buy a repo home, you may have to pay to have it moved to a new location, which is a complex and expensive logistical undertaking. 2. Where to Find These Deals
The most critical distinction is whether the home is tied to a deeded piece of land. buy foreclosed mobile homes
Occurs when the home and the land it sits on were financed together. You are buying "real property," similar to a traditional home. Often applies to "chattel" (personal property) loans where