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[RickM]

Lonnie deals made illegal (or at least high risk) for mobile homes, but not mobile home parks.

Are Lonnie deals still legal?

The SAFE Act (circa 2008) and Dodd-Frank (circa 2010) require that anyone who engages in creating a mortgage be SAFE Act licensed and compliant. As a result, unless you become SAFE Act compliant, you are no longer allowed to sell and carry paper on a transaction with a home customer, but instead can only rent the home or sell it for cash. This does NOT apply to carrying paper on mobile home parks, just homes. There was legal argument at the time that the SAFE Act was passed that installment sal…

Credit to frankrolfe

@frankrolfe

for this thorough answer.