Stanton stated “This represents a significant victory for the residents, as we were able to defeat $126.00 of the requested rent increase: i.e., a 77% portion was denied.”
Attorney Bruce Stanton asked Deane Sargent, PMC Financial Services, to provide expert testimony about several issues in the Rent Adjustment Hearing requested by the park owner, Idle Wheel MHP LLC.
The Homeowners Association of Blue Pacific Mobile Home Park, Aptos, Ca, has refinanced the loan they used to purchase their mobile home park in 2011. The original loan was guaranteed by HUD/FHA and was a 40-year, fixed rate, fully amortizing loan for about $5,600,000. Almost 85% of the residents in the 100 home site park … Read more
Resident mobilehome park purchases require many elements – money, a willing seller, etc.
But one of the most important (although not often recognized) is good resident leadership.
There are many factors critical to a successful resident park purchase, but one of the first and most important factors is RESIDENT GROUP LEADERSHIP.
Deane – This is an article about the “Code of The West”. And I really believe in this stuff. But as I considered my writing, I realized I could do no better than the actual author, so I am reproducing most of the article below. The actual author is Holly Finn and the article was … Read more