One decision can make a significant difference in monthly payments: whether to finance the mobile home with a personal property loan or a mortgage.
Personal property loans, known as chattel loans, have much higher interest rates than mortgages. To some owners of manufactured homes, refinancing chattel loans into mortgages could reduce monthly housing expenses.
On Monday, March 9th the Oregon House Revenue Committee held a Public Hearing and Work Session on HB 3016 - also known as the Manufactured Housing Landlord Tenant Coalition Bill. The House Revenue Committee voted unaminsously to pass the bill to the House Human Services and Housing Committee.
History
Last week the Manufactured Housing Landlord Tenant Coalition held it's final meeting. Some changes were made to the In Park Sales Conflict" issue but the other three issues remained substantially unchanged from our meeting in January.
How Age-Restrictive Rules Can Violate the Fair Housing Act: Lessons From the Plaza Mobile Estates Case
The Plaza Mobile Estates Case
The 2015 Oregon Legislative Session convened this month with House and Senate Committees beginning their work the first week in February. There are a wide variety of issues the Oregon Legislature will be dealing with - many being repeats from previous sessions such as education funding and taxes that never seem to go away.
That is the question on the minds of most MHCO members we speak to. As you have likely noticed, the costs of water, sewer, and other utilities has increased exponentially in the last few years for both commercial and residential properties alike. The addition of unrelated or undefined fees, such as street maintenance, base charges, and additional services, has become commonplace.
Such shifts in the American population will bring significant changes to America - from the way products and services are developed and marketed to this expanding audience to the types of homes people will choose to purchase - including where these homes are located.
Such shifts in the American population will bring significant changes to America - from the way products and services are developed and marketed to this expanding audience to the types of homes people will choose to purchase - including where these homes are located.
The Manufactured Housing Landlord-Tenant Coalition met again this month to discuss a number of issues as we head into the 2015 Oregon Legislative Session that is just over a month away.
Lengthy Discussion on Competing Sales Conflict"