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An attempt by an association of mobile home park residents to enforce its statutory right of first refusal has been denied by a Superior Court judge who found the association was not entitled to notice of a third-party offer because it did not have articles of incorporation as required by §31-44-3.1.
The case involved Sunny Acres MHP, located in Portsmouth, which was put up for sale in fall 2024.
In December 2024, Crown Communities LLC submitted a letter of intent proposing to purchase Sunny Acres as part of a portfolio of mobile home parks. On May 2, 2025, the park owner’s attorney sent to Our Sunny Acres Association a letter giving...
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Anyone who thinks that the “tenants buying their trailer park vision” has potential is completely unaware of the concept of reality. Tenants lack two important features of real buyers, namely: 1) no money for a downpayment and 2) no credit worthiness to obtain a loan. So how do these deals ever happen? You have to find non-profits that wants to give them the downpayment and then guarantee the loan. There’s not a whole lot of non-profits that crazy. As a result, the percentage of these deals that actually ever happen is very, very low. Just ask AI. It says:
“Out of roughly 43,000 to 50,000 manufactured housing communities across the United States, only about 1,000 (or roughly 22,000+ individual homes) have successfully converted into Resident-Owned Communities (ROCs)”
Do the math. 1,000 divided by 44,000 = 2%. Hardly worth the effort, right?