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David Loop

2009: A Good Year To Buy Your Park

By |October 24th, 2015|

What do I mean by “buy your park?” I mean that a group of mobilehome owners can buy the park where they live through their own nonprofit corporation.  This is true “resident ownership.” It’s sometimes called a co-op, or a … Read More

BUY THIS PARK? WE CAN’T AFFORD IT! by Attorney David Loop

By |October 21st, 2015|

We could NEVER afford to buy this mobilehome park!” These words came from Bill, a 65 year-old gentleman who sat across from me at the dining room table in his mobilehome.  Around the table sat four of Bill’s neighbors in … Read More

Investor, ROC or NHC: Which owns your Park? Why should you care? (2007)

By |May 17th, 2015|

Investor, ROC or NHC: Which owns your Park? Why should you care?

Which of these entities owns your park?  Do you know?  How your park is owned makes a big difference in your economic security, home value and quality of … Read More

Getting Organized for a Resident Park Purchase by David Loop (2007)

By |May 16th, 2015|

In my most recent article for The Voice (April 2007), I wrote about “homeowner due diligence” for groups trying to buy the mobilehome park where they live.  But before doing “due diligence,” there must also be some basic organization in … Read More

“Due Diligence” and The Financing of Resident Park Purchases by David Loop

By |May 13th, 2015|

Lately, a good idea seems to be spreading around California’s mobilehome parks.  That idea is… mobilehome park resident groups can buy the parks where they live.  I recently helped with the legal aspects of two successful resident park     purchases … Read More

RESIDENT PURCHASE VERSUS CONDO-CONVERSION (2007)

By |May 13th, 2015|

RESIDENT PURCHASE VERSUS CONDO-CONVERSION

QUESTION by CoMO-CAL:  Please explain the differences between a resident purchase of a park and a condo– conversion.

ANSWER: (By Deane Sargent):

A condo conversion (or subdivision) divides the park into individual ownership interests (like squares … Read More

Park Purchases by Residents – “Getting On The Park Owner’s Radar” (2007)

By |May 13th, 2015|

Park Purchases by Residents – “Getting On The Park Owner’s Radar”

When a mobilehome park is put “on the market,” its residents usually miss the opportunity to buy it.  They most often learn the park was for sale after it … Read More

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