Do you own communities in multiple states? If so, be aware that state laws governing manufactured home communities, landlord-tenant regulations, fair housing and much more differ in each state that you do business in.
by Robert S. Coldren, JD
Under new rules that took affect August 13, 2012, non-bank residential mortgage lenders and originators (“RMLOs”) will join banks and broker-dealer requirements to develop and implement anti-money laundering programs pursuant to the Bank Secrecy Acts (“BSA”).
by Nadeen Green, JD
Having noticed lately some fair housing cases involving the manufactured housing industry, I think it is time for a back-to-the-basics, bottom line (yes, definitely bottom line as I will explain momentarily) article. And so I begin with the traditional mnemonic that most of you have heard before, which should help keep you aware of the federally protected fair housing classes:
by Eddie Hicks
Prospective seniors (and other) buyer attitudes are the same today as they have been in years past. One of the most frequent objections still encountered when selling m/h in a land lease community in spite of the very high quality factory built homes (often better than site built) is this same issue:
In order to ensure that the community performs according to the budget, it is imperative that everyone understands what should be charged to each line item of the budget. Use the budget format on the previous pages to follow along line item by line item for suggested inclusions below.