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Fiinancing your Mobile Home

Most of our competitors are simply Manufactured Home Loan “brokers” in California, which means they are just the loan middleman. They do not directly finance the loans, and have no capital to do so. This means you’re going to pay more for your loan, and receive a higher interest rate. California Manufactured Home Finance (CAMHF) is a mortgage banker which means we have our own money to lend, so we can fund our own loans for your mobile home purchase. This cuts out the middleman and brings the savings home to you. We simply offer the lowest mortgage rates and fees around for a mobile home loan.

When you need to Finance your Manufactured Home, it is very important to work with a loan expert with experience in mobile home finance. Many banks will tell you that they can finance a mobile home loan, and they mean well. But, often times they let a purchaser down in the eleventh hour. With over 28 years of experience with financing mobile home loans, refinance and escrow services, there are not many loan scenarios that we have not faced and conquered. Our knowledge of the manufactured home finance is vast and our dedication to our customers is unparalleled.

The Top Reasons to use a Mobile Home Loan Specialist

It seems like common sense that if you are looking for financing for a mobile home, then working with a lender that specializes in your particular needs is the way to go. However, manymobile home buyers are lied to by desperate loan brokers or firms that are widely known for their track record in traditional home loans but do not know manufactured home loans, and are just trying to break into the manufactured home loan market. It seems like common sense that if you are looking for financing for a mobile home, then working with a lender that specializes in your particular needs is the way to go. However, manymobile home buyers are lied to by desperate loan brokers or firms that are widely known for their track record in traditional home loans but do not know manufactured home loans, and are just trying to break into the manufactured home loan market.

AB 761 (Charles Calderon)

This is information I found in a "Around the Capitol"

AB 761 (Charles Calderon)
Mobilehomes: rent control.
LEGISLATIVE COUNSEL'S DIGEST

AB 761, as amended, Charles Calderon. Mobilehomes: rent control.
The ~~mobilehome residency law~~ Mobilehome
Residency Law generally regulates the terms and conditions of
mobilehome tenancies in mobilehome parks. Existing law permits rent
control in mobilehome parks. Existing law exempts certain rental
agreements relating to mobilehomes from any local measure
establishing the maximum amount that a landlord may charge a tenant
for rent.
This bill would provide, in addition, that upon the sale,
assignment, transfer, or termination of an interest in a mobilehome
or a mobilehome tenancy in a mobilehome park, the management of the
park may offer a new rental agreement containing an initial rent
that is the lesser of an amount in excess of the
maximum rent established by a local measure by specified percentages,
which would increase ~~over the next 5 years~~ ,
beginning January 1, 2011, up to 100% of the last-charged rent
, or market levels, as specified . The bill would except
certain mobilehome parks from its provisions, including those that
have common facilities that have been cited as health and safety
risks that remain unabated for 6 months or longer. The bill would
provide that, after an increase in initial rent, the rent should be
governed by the local measure. The bill would specify that it does
not apply to rental rate adjustments provided under a local rent
control ordinance that are in excess of what the bill's provisions
would permit , or that are not subject to a local rent control
ordinance .

Update on AB 566

February 4th, 2010

CURRENT BILL STATUS

MEASURE : A.B. No. 566
AUTHOR(S) : Nava (Principal coauthor: Furutani).
TOPIC : Mobilehome parks: conversion.
+LAST AMENDED DATE : 07/23/2009

TYPE OF BILL :
                Inactive
                Non-Urgency
                Non-Appropriations
                Majority Vote Required
                Non-State-Mandated Local Program
                Non-Fiscal
                Non-Tax Levy

LAST HIST. ACT. DATE: 01/14/2010
LAST HIST. ACTION   : Consideration of Governor's veto stricken from file.
VETOED
COMM. LOCATION : SEN TRANSPORTATION AND HOUSING
COMM. ACTION DATE   : 07/14/2009
COMM. ACTION : Do pass as amended.
COMM. VOTE SUMMARY : Ayes:   07 Noes: 04 PASS

TITLE : An act to amend Section 66427.5 of the Government Code,
relating to mobilehome parks.

Update on AB 761

Status as of February 10, 2010

CURRENT BILL STATUS

MEASURE : A.B. No. 761
AUTHOR(S) : Charles Calderon.
TOPIC : Mobilehomes: rent control.
HOUSE LOCATION : SEN
+LAST AMENDED DATE : 05/28/2009

TYPE OF BILL :
                Active
                Non-Urgency
                Non-Appropriations
                Majority Vote Required
                Non-State-Mandated Local Program
                Non-Fiscal
                Non-Tax Levy

LAST HIST. ACT. DATE: 02/04/2010
LAST HIST. ACTION   : Referred to Com. on JUD.
COMM. LOCATION : SEN JUDICIARY

TITLE : An act to add Section 798.47 to the Civil Code, relating
to mobilehomes.

U.S. NINTH CIRCUIT COURT OF APPEAL RULES MOBILEHOME RENT ORDINANCE IS A "TA

CITY OF GOLETA MUST PAY DAMAGES TO PARK OWNER IF DECISION STANDS

On September 28, 2009, the Federal Ninth Circuit Court of Appeal issued a three-Judge decision in the case of Guggenheim v. City of Goleta, which found that Goleta's Mobilehome Rent Ordinance constitutes a regulatory "taking" of property under the United States Constitution for which just compensation must be paid. The decision sent shockwaves throughout cities and counties which either have or are contemplating a rent ordinance, as well as mobilehome resident organizations throughout California. If left to stand, the ruling could provide a means for park owners everywhere to bring new challenges to rent ordinances, and could discourage jurisdictions now considering an ordinance from adopting their own protections. A number one priority must be to overturn this decision.

AB 566

CURRENT BILL STATUS
AB 566 was vetoed by the Governor.

MEASURE : A.B. No. 566
AUTHOR(S) : Nava (Principal coauthor: Furutani).
TOPIC : Mobilehome parks: conversion.
+LAST AMENDED DATE : 07/23/2009

TYPE OF BILL :
                 Inactive
                 Non-Urgency
                 Non-Appropriations
                 Majority Vote Required
                 Non-State-Mandated Local Program
                 Non-Fiscal
                 Non-Tax Levy

LAST HIST. ACT. DATE: 10/11/2009
LAST HIST. ACTION   : Vetoed by Governor.
VETOED
COMM. LOCATION : SEN TRANSPORTATION AND HOUSING
COMM. ACTION DATE   : 07/14/2009
COMM. ACTION : Do pass as amended.
COMM. VOTE SUMMARY : Ayes:   07 Noes: 04 PASS

TITLE : An act to amend Section 66427.5 of the Government Code,
relating to mobilehome parks.

Legislative Update

pdate
July 7, 2009
AB 566 passed out of Senate Trans and Housing on a 7 to 3 vote: one vote extra this hearing instead of one vote short last hearing. Senator Simitian, who had been elusive about his vote on the bill, was extremely instrumental in helping the bill move forward. The Senator repeatedly reminded the committee what the bill actually would do, thereby clearing the confusion that the MHP lobbyists continued to create during the long hearing. On the first vote Senators Lowenthal, Kehoe, Pavley, Simitian and Wolk voted "aye". Two hours later both Senators Oropeza and DeSaulnier added their "aye" votes, giving us a 7-vote victory.

AB 566 now moves to the Senate Appropriations Committee which may or may not meet in the next couple of weeks. If the Legislature agrees to a revised budget , then they will recess 7/17 and return 8/17. We will check with the Senate Appropriations Committee in the next couple of days to determine whether will send it to their Suspense file or conduct a hearing. It appears much more likely that it will go to the Suspense file where it will remain until the Legislature returns in August.

We will be in touch with you as soon as anything occurs. When AB 566 is sent to the Senate floor, we will immediately alert you that your cards, letters, calls, local legislative visits should commence.

Great day in Sacramento!! We would have gotten this out sooner but those of us who traveled to Sacramento or were there all day continuing our work lining up the votes in favor of this bill are just now able to get the word out to you.

--Brian Augusta

ASSEMBLY BILLS

AB 481 (Ma) - OPPOSE - Not Heard in Assembly Housing, Two-year bill that may be heard in January
Description: Would provide that a mobilehome that is not owner-occupied would not be subject to local rent controls

AB 566 (Nava) - SUPPORT - Failed passage by one vote June 23 in Sen. Transportation & Housing Committee, granted reconsideration. Expected to be reheard July 7, 2009. Description: Would require that the currently-mandated survey of residents of a park slated for conversion to condominiums demonstrate that a majority of the residents support the conversion. The bill also would state that localities may enact reasonable measures to prevent sham conversions or to preserve affordable housing.

AB 761 (Calderon) - OPPOSE - Passed off Assembly Floor on June 25th, upon re-consideration. Expected to be referred to Senate Judiciary Committee. Hearing date unknown. Description: Would impose vacancy de-control restrictions on local mobilehome rent control ordinances. Upon a sale or vacancy of a mobilehome, the space rent would be set by the park, at market rate (i.e., "vacancy decontrol"). The bill would destroy billions of dollars of homeowner equity.

AB 869 (Mendoza) - SPONSOR - Bill will be taken up in January. Description: Would create a program of certification for, and continuing education of, mobilehome park managers.

AB 1108 (Fuentes) -SUPPORT - Passed Senate Utilities Committee. Headed to Senate Appropriations. Urge your member to support. Description: Would make various changes to requirements when electric or gas utilities are provided to mobilehome park residents and residential tenants through a master meter, including the following: (1) would allow the Public Utilities Commission to order repairs and maintenance of system; (2) Directs that the rate differential received by park owners be directed toward maintenance and repair; and (3) Would limit late fees on utility bills.

SENATE BILLS

SB 23 (Padilla) - SUPPORT - Passed the Senate (36-0). Scheduled in Assembly Housing Committee on July 8th. Urge your Assemblymember to Support. Description: Would require mobilehome parks to develop, implement, and post an emergency and fire safety plan; would allow cities and counties to adopt more stringent regulations.

OCEANSIDE: Mobile home park owner escalates rent feud with city

The owners of Cavalier Mobile Estates, a large, rent-controlled mobile home park, have sued the city and its rent review commission for refusing a request to raise rates.

In a lawsuit filed Friday, the owners are asking a Superior Court judge to grant the increase and find that the city's rent-control law violates the state constitution. The suit also seeks unspecified damages.

"Why would City Council members ignore property rights, which are part of our core values and have been central to our success as a nation?" Mark Alpert, the owners' attorney, said in an e-mail. "Could it be they see a block of votes?"

Cavalier's current rents, he said, are "insanely low."

SENATE BILLS UPDATES

SB 23 (Padilla) - SUPPORT - Passed the Senate (36-0). Scheduled in Assembly Housing Committee on July 8th. Urge your Assemblymember to Support. Description: Would require mobilehome parks to develop, implement, and post an emergency and fire safety plan; would allow cities and counties to adopt more stringent regulations.

SB 804 (Leno) SUPPORT -Passed the Senate (28-6). Referred to Assembly Housing and Judiciary; to be heard in Asm. Housing on July 8th. Description: Would prohibit a park from requiring a homeowner, who is replacing a mobilehome or manufactured home on a space in the park, to use a specific broker, dealer, or other person as an agent in the purchase or installation of the replacement home.

SB 111 (Correa) SUPPORT - Bill passed Assembly Housing (4-2) and is now pending on Assembly Floor. Urge your Assemblymember to Support. Description: Would reorganize the MRL to clean it up and make it more user-friendly by combining certain related sections and cleaning up other portions of the code.