Trade-In of Manufactured Home

Trade-In of Manufactured Home

Trade-In of Manufactured Home refers to the Borrower’s sale or trade-in of another Manufactured Home that is not considered real estate to a Manufactured Housing dealer or an independent third party. Transfer Date The Transfer Date is the date on which the Borrower’s Mortgage Payment is first due to the Transferee Servicing Mortgagee. Transfer Date (applicable to HECMs only) The Transfer Date refers to the effective date, as identified in the servicing transfer letters provided to the Borrower, the servicing of any HECM is transferred from one servicing Mortgagee to another.