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?
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
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
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
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”
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