Who is eligible to make a claim against the manufactured home recovery fund?

The eligibility to make a claim against the manufactured home recovery fund is generally extended to buyers, sellers, and investors of manufactured homes. This inclusive approach ensures that various parties involved in transactions related to manufactured homes have protection in case of certain issues that could arise within the industry, such as financial losses due to dealer misconduct or other qualifying events.

Buyers are protected as they may face challenges such as undisclosed defects or other issues that affect their investment. Sellers also benefit from this fund as they may experience problems in resurrecting the value of their homes or dealing with invalid claims from potential buyers. Investors, who may not be direct buyers or sellers but engage in the market to gain financial returns, are likewise included because they hold a stake in the overall transactions and integrity of the manufactured home market.

The option that limits claims to just consumers who bought a home, or only buyers and sellers, or solely licensed dealers, does not recognize the full spectrum of parties involved in the manufactured home ecosystem, thus undermining the broader intent of the recovery fund to protect and promote trust among all stakeholders.