article thumbnail

Fee Simple vs. Leasehold: Two Very Different Types of Ownership

Redfin

It’s a legal term that means the property owner owns the land and any structures on the land, including the home. .” It gives someone ownership of a home or structure on the property, but someone else owns the land itself. The leaseholder pays the fee simple owner to use the land for a set period. Fee simple.

Land 62
article thumbnail

Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Housing Affordability Task Force Report: My Two Cents (Pt2)

Toronto Realty Blog

I think that the post resonated with a lot of people that work in government, as I heard from five different people. I heard from two architects as well, one lawyer, and a handful of real estate agents. While I understand the concept of as of right zoning, my point is that I don’t believe the city will back down. ” No way. ” 16.

article thumbnail

A Comprehensive Guide to Buying a Mobile Home

Redfin

Additionally, it’s essential to consider other costs such as land purchase or rental, foundation installation, utilities, and potential maintenance expenses. How to finance a mobile home Financing a mobile home is somewhat different from a traditional home loan. What is a mobile home? What is a mobile home?

Land 64
article thumbnail

Opinion: It’s time for bi-partisanship on affordable manufactured housing homeownership

Housing Wire

But while FHA, Fannie and Freddie combined are responsible for over two-thirds of all new home loans nationwide, they financed only three (FHA) personal property manufactured homes last year. As the 118 th Congress begins, we return to a divided government in Washington. Last year was challenging for housing and mortgage markets.