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 · The Difference Between A ‘HUD MANUFACTURED HOME’ and A ‘MODULAR HOME’ Part 4 For those who may have missed Parts 1-3 please take a few moments .. (The Arendsen Group) Real Estate Sales & Investments is a full service, one-stop, But they will and they have on resident owned Manufactured Home condo conversions, sub divisions and PUD’s.

A Planned Unit Development (PUD) is a community of homes that could look like single family residences, townhomes or condos, and can include both residential and commercial units, but on paper, they’re most similar to condos.

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 · Homeowners must essentially give up some autonomy and abide by these rules in exchange for living in the community. Some restrictions are common, while others might leave you scratching your head. CC&Rs can place almost any kind of restriction as long as every member of the group forming the rules agrees and the rules don’t violate any laws.

With PUD ownership, the land and structure are owned by the homeowner, with only the common areas owned by the HOA. In some cases, a condo project can have sfr detached units; also, I’ve seen lot and block townhome projects with the word "condo" in the legal description. In these cases, the ownership is condo.

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– PUD questionnaire (Exhibit F) – Statement of Insurance (Exhibit C) The above requirements pertain to all PUDS detached, attached, new and existing. Existing (Attached only) HOA turned over to unit purchasers FNMA Type E Requirements – – HOA must have been turned over to unit purchasers (no specified length of time). Documentation Required –

The only difference between a PUD and a Condo is in the ownership of the common areas. What you described here: "The common areas that are within the development are owned jointly by all the residents, so if there were 50 homes then each owner would have 1/50th ownership" is pretty much the text book definition of condo ownership, not PUD.