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Discussions tagged with 'CHATTEL AND MOBILE HOME FINANCING WITHOUT THE LOT'
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What are chattel loans? From my understanding chattel loans are similar to a mobile home without ownership of the lot. I was told Barno Miniums are Chattels. How does financing for chattels work where the owner does not have ownership of the property and the property owner charges lot rent. Usually, lot rent includes property taxes, snow plowing, water, electric, sewer and septic if applicable. Lot rents is not cheap. It can be $700 to $1,000 per month.
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