If it's modular, use the 1004/URAR.Originally posted by Peggy Wright@Apr 15 2003, 02:36 PM
I understand the difference between a modular and a mobile. What I don't know is if it is modular built to Cabo or Boca, do you use the regular URAR and state manufactured, or do you use the forms for mobile/manufactured?
Lastly, we have many land developers who develop 5 acre tract subdivisions exclusively for modular homes. The set up a sales office and several models just like a stick developer. The sales are a land/unit packages and sold with both VA and FHA financing. Most are on well and septic systems. Both FHA and VA have allowed the appraisers to use these new home sales as comparables which is contrary to what others have posted in this forum.