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
Now is the time of year when we all pause and feel thankful for everything we have, especially our family and friends.
It takes a lot of effort, leadership, group support, time, and expectations for MH resident groups to buy their park. There is usually a lot of stress leading up to the closing of the purchase.
And then, all at once, they close the deal and that stress is released. It’s over! We’ve done it!
A lot of CA resident groups living in problem MH parks have viewed Eminent Domain as sort of a ‘Holy Grail’ — their vision: the local City Fathers, aware of the resident’s plight, acquire the park and transfer it to the group.
In April 2016, I was asked to make a presentation to a workshop for Affordable Housing Nonprofit Corporation (501 (c)(3)). Those groups are interested in buying and possibly rehabilitating mobile home parks. There is money available from the State of California to assist in this task. But they have no clue as to how to … Read more