Can I put a house on land not deeded to me?

My parents are letting us put a double wide on their land. With the stipulation that (heaven forbid) if we loose the house, the land stays put. It doesn't go with the house. If they deed us the land and the bank has to take the house, the bank would get the land too. We dont want that to happen. How does that work and is it even possible?

Lease the land from your parents to accomplish this. But note that it will be VERY, VERY, VERY difficult to ever sell that doublewide on a mortgage loan someday.

Construction on leased land is common. There's no law that requires a homeowner to own the land upon which the house is built.

as long as you don't finance your land with the bank, you should be fine.

Sure, but you'll be paying out the wazoo in interest without land to secure the trailer.

You cannot use the land as collateral without risking losing it. That is why they call it "collateral".

There isn't any way around it...either you pay a high interest rate to buy the trailer or your parents have to give you the land to use as collateral.

There is no "option C".

The bank will NOT get the land if they take back your double wide. The double wide is the ONLY security for your loan.