MEADOW LANE RESIDENTS PURCHASE MH PARK The residents of Meadow Lane Park (MLP), Alexandria Bay, New York, are pleased to announce the formation of Meadow Lane Park, Inc., a New York Not-For-Profit Corporation, and the successful closing of the purchase of the park. The park is an 87-site seasonal park located on the river front … Read more
SARGENT TESTIFIES IN HUMBOLDT MHP RENT INCREASE HEARING Assisting resident group attorney Bruce Stanton, Deane Sargent provided expert witness testimony before a Hearing Officer engaged by Humboldt County in response to a Rent Increase Application by the owner of Ocean West (OW) Senior Village, McKinleyville. The Owner of OW submitted a petition for the right … Read more
BUY THE PARK FROM MOM & POP Dave Loop is an attorney who assists residents with park purchases. He also serves as VP for Resident Owned Parks for GSMOL. Do you live in a family-owned manufactured-home park? If so, this article is for you. Sooner or later, the park will be put up for sale. … Read more
OJAI VALLEY TURNS BACK RENT CONTROL CHALLENGE The resident group at Ojai Valley Estates, Ojai, CA is pleased to announce that they have successfully defended their rent control status from a Discretionary Rent Increase Application by their park owner. The park owner requested that the Mobile Home Park Rent Review Board of Ventura County approve … Read more
Mobile Home Case to Change California Law Posted By Allen, Semelsberger & Kaelin LLP, San Diego, CA || 19-Jan-2017 The residents of a San Diego mobile home park, Terrace View Mobile Home Estates (“Terrace View”), recently won a case which will change the law in California. The residents of a San Diego mobile home park, … Read more
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.