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Resident Purchase

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

Resident Purchase of Your Park

By |October 21st, 2015|

By ANNE LINDBERG, Times Staff Writer
Published October 7, 2007

Nothing defines the American dream like owning your own home. But in the past few years, thousands of mobile home owners across the state have lost their homes as developers … 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

“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

WHAT IS ROP, INC? (2007)

By |May 13th, 2015|

WHAT IS ROP, INC?

The following was taken directly from the Resident Owned Parks (ROP, Inc.)  website:  Their “motto” is “We help people keep housing affordable.”  (Maurice Priest is the President and a Director of ROP.  He is also a … 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

American dream is reality at Palm Terrace (Aptos) (2006)

By |May 13th, 2015|

By JONDI GUMZ

Sentinel staff writer July 22, 2006   Contact Jondi Gumz at atjgumz@santacruzsentinel.com.

Dennis Connors came up with a perfect description for the two-year process that enabled residents at Palm Terrace Estates to buy their mobile home park. … Read More

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