20 yrs doing VA but never have had a hardship dwelling

[probasco]

Looking at a small acreage property in Clark county (Wa) with a 1600 sf site built house and a 2 yr old 1080 sf MF hardship dwelling that has all the permits, septic etc. My concern is that once the hardship party passes have I included an improvement that may not be useable legally. I have a call into the county to see if the dwelling has an expiration date that coincides with the hardship. Any insight on this appreciated.

 

[probasco]

I forgot to mention R5 or rural 5 acres minimum lot size but site is only 2.5. If on 5 ac it could legally have an ADU, so the county is going to have to answer this one. Pretty sure it is a legal lot of record but again, I am stuck waiting on the county to return my call.

 

[Zoe]

Your going to right source. You may actually have to go to the County office. I can't get some people to return my calls sometimes. Your on right track. Just go one morning and take work file with you to County office.

 

[Zoe]

I know how VA works. You can call your regional loan center, but do your thing with the County first.

 

[Zoe]

Same protocol whether VA, conventional, FHA, cash. You have to go to the county office. They are large and in charge.

 

[Tiffany Gibbons]

Looking at a small acreage property in Clark county (Wa) with a 1600 sf site built house and a 2 yr old 1080 sf MF hardship dwelling that has all the permits, septic etc. My concern is that once the hardship party passes have I included an improvement that may not be useable legally. I have a call into the county to see if the dwelling has an expiration date that coincides with the hardship. Any insight on this appreciated.

Google Hardship mobile home permit Clark county Washington, the affidavit and all the rules that apply are on it. I would not include it as the mobile home is supposed to be temporary and is tied to the property owner's age (62) income, health, etc. It can be extended but the owner would have to requalify every 2 years.

 

[Zoe]

Bank has probably already got a title opinion on it. Ask for copy of that.

 

[Tom D]

at worst, the cost to remove the mf verses the comps that don't have that issue, as an adjustment.

 

[Zoe]

It has been a while since I did a manufactured home. You have to decide whether it is on permanent foundation or not.

It is personal property if not on permanent foundation.

Bank can still secure lien on it if personal property. VA may not want it though.

Might have to be conventional loan and kept in house at bank.

County should have it classified as real property or personal property.

 

[Jerry Bone Jr]

Looking at a small acreage property in Clark county (Wa) with a 1600 sf site built house and a 2 yr old 1080 sf MF hardship dwelling that has all the permits, septic etc. My concern is that once the hardship party passes have I included an improvement that may not be useable legally. I have a call into the county to see if the dwelling has an expiration date that coincides with the hardship. Any insight on this appreciated.

Simple, find 3 sales that have hardship MH.
After the hardship, does the MH still contribute to value?