---
kind: "section"
citation: "24 C.F.R. § 201.53"
title: "24"
number: "201.53"
heading: "Disposition of manufactured home loan property."
url: "https://uscodex.org/cfr/24/201.53"
---

# §201.53. Disposition of manufactured home loan property.


Where the lender obtains title to property securing a manufactured home loan by repossession or foreclosure, the property shall be sold for the best price obtainable before making an insurance claim. In the case of a combination loan, the manufactured home and lot shall be sold in a single transaction and the manufactured home may not be removed from the lot, unless the prior approval of the Secretary is obtained for a different procedure. The best price obtainable shall be the greater of:

- (a) The actual sales price of the property, after deducting the cost of repairs, furnishings, and equipment needed to make the property marketable, and after deducting the cost of transportation, set-up, and anchoring if the manufactured home is moved to a new homesite; or
- (b) The appraised value of the property before repairs (as determined by a HUD-approved appraisal obtained in accordance with [§ 201.51(b)(3)](/cfr/24/201.51.md?p=b-3)).

## Notes

### Amendments

[50 FR 43523, Oct. 25, 1985, as amended at 61 FR 19799, May 2, 1996]

### Authority

Authority: 12 U.S.C. 1703; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).

### Source

Source: 50 FR 43523, Oct. 25, 1985, unless otherwise noted.

### Amendments

[50 FR 43523, Oct. 25, 1985, as amended at 61 FR 19799, May 2, 1996]