If you're a fan of the NFL, then you remember last year's Super Bowl. With time running out, the Seattle Seahawks were a play away from scoring the game-winning touchdown when a controversial play call led to an interception by New England and the championship...
As noted in part 1 of this article from the July 2015 issue we discussed our fictional account of acquiring a mobile home park through EBay. The lens we used focused on acquiring a mobile home park as a business (i.e., a going concern). This article will focus on the...
Most Americans could probably find Cuba on a map (or at least identify it as one of the larger islands in the Caribbean off the coast of Florida). But if you asked them to tell you what else they know about the country, they would probably have a hard time recalling...
There is a story that an investor bought a mobile home park on Ebay, the popular online auction site. It is unclear how proper due diligence can be done when acquiring a park in that manner. There are a lot of moving parts to acquiring and operating a mobile home...
As noted in part 1 of this article from the May 2015 issue there are usually at least two types of liens. Both of these lien types are "enforced" - or collected in a similar fashion. For a warehouse lien, the park can begin to enforce the warehouse lien when the...
Thousands of them occur every year, and yet very few people have a grasp on what the value or purpose of a warehouse lien sale is. Every state has its own statutory scheme due to the mixed nature of "real and personal" property that is inherit in the manufactured...
Many states, including, for example, California, have statutory schemes where the language of a consumer contract is addressed. An example of a typical statute enacted by many jurisdictions is California Civil Code section 1632. That section provides, in part, as...
Community owners who own and operate both Manufactured Home Communities ("MHC") and Recreational Vehicle Parks ("RV Parks"), or where RV's are allowed into MHC for a short duration, must be careful not to use the same notices and documents for manufactured homes and...
When the United States Supreme Court hears and decides cases involving property rights, it is, of course, national news. However, any and all cases that eventually make to the United States Supreme Court begin with a trial court decision. Property rights have been an...
A significant factor in qualifying a prospective homeowner for community residency is an applicant's demonstrated ability to satisfy the community's income standards. Yes, a community may set financial criteria for residency without running afoul of...
