On frame modular on a 1004C?

[CANative]

Tribes are often very stingy with giving information to those outside of the tribe. It's weird.

 

[Lobo Fan]

Actually in this case the gal at the tribal office was helpful. She e-mailed a 2 page PDF with the legal, and all the treaty references I needed for the subject. She seemed grateful that I was willing to take this on at all and asked me for my phone number.

It was the AMC that caused the bulk of the heartburn on this one. Before I accepted this order I grilled them about how they would react to comps with huge adjustments and 10 miles away and the final value reconciled to the cost approach. They said all the right things so I proceeded.

Of course I did three go-arounds of stips, one of which took 4 pages to print, wanting 2 comps that were similar construction, on tribal land, etc. I carefully explained that this was tribal land in a rural area, with less than 500 certified tribal members. On a regular assignment there would be no comps, let alone this one. I think I am now competent to complete these things after all this. It is my second one this month. The other was a new MH on private land, again 50 miles from the nearest Wal Mart.

Thanks for all the great tutoring.

 

[PropertyEconomics]

Actually in this case the gal at the tribal office was helpful. She e-mailed a 2 page PDF with the legal, and all the treaty references I needed for the subject. She seemed grateful that I was willing to take this on at all and asked me for my phone number.

It was the AMC that caused the bulk of the heartburn on this one. Before I accepted this order I grilled them about how they would react to comps with huge adjustments and 10 miles away and the final value reconciled to the cost approach. They said all the right things so I proceeded.

Of course I did three go-arounds of stips, one of which took 4 pages to print, wanting 2 comps that were similar construction, on tribal land, etc. I carefully explained that this was tribal land in a rural area, with less than 500 certified tribal members. On a regular assignment there would be no comps, let alone this one. I think I am now competent to complete these things after all this. It is my second one this month. The other was a new MH on private land, again 50 miles from the nearest Wal Mart.

Thanks for all the great tutoring.

A question ... IF you find external obsolescence from economic conditions in the "fee" market ... should those be also applied to the appraisal on tribal lands?

 

[CANative]

A question ... IF you find external obsolescence from economic conditions in the "fee" market ... should those be also applied to the appraisal on tribal lands?

Maybe. It's been my experience that tribal properties are within a closed market system. No one but tribal members can buy and sell them.

 

[VolcanoLvr]

HUD Section 184 loans can be a nice source of appraisal income if the appraiser wants to take time to learn the processes involved. Yes, the plural of that word is what I mean.

There are different processes involved with the specific way an appraisal is done on tribal trust lands, depending on what type of land it is. The HUD 4150.2 manual, Appendix C, explains it.

The Section 184 loan program also applies to regular fee simple purchases by tribal members. Reports are done to FHA parameters.

(I do these in my area which has 6 tribal reservations .... one of a tiny few of appraisers who do this kind of appraisal work.)

 

[VolcanoLvr]

Message for JoAnn....

Can you tell us if on-frame modular homes have exactly the same understructure that a HUD code MFH has?

A MFH has 'outriggers' extending out from the main support I-beam to support the floor and exterior wall, but no perimeter support beam along the outside edge.

Am wondering if an on-frame modular might have a perimeter support beam to make the whole structure more rigid.

I've never seen an on-frame modular in my area. But have modular homes and of course MFH.

 

[Rich Heyn]

Message for JoAnn....

Can you tell us if on-frame modular homes have exactly the same understructure that a HUD code MFH has?

A MFH has 'outriggers' extending out from the main support I-beam to support the floor and exterior wall, but no perimeter support beam along the outside edge.

Am wondering if an on-frame modular might have a perimeter support beam to make the whole structure more rigid.

I've never seen an on-frame modular in my area. But have modular homes and of course MFH.

I'm not JoAnn but I think that she would agree with this:
Many, likely most on-chassis modulars are built on the same type of chassis used in most manufactured homes, with the outriggers as you described and the weight of the dwelling being supported by the main I beams. However, some on-chassis modular homes (as well as some manufactured homes) are built on a different type of metal chassis that allows for perimeter support.

 

[VolcanoLvr]

Thanks Rich.

For those who may not know, Rich and JoAnn are probably the two most knowledgeable folks in the US about manufactured housing.