Resident curated mobile home owners news and information for residents of California Mobile Home Parks managed by Sierra Corporate Management (SCM) and owned by a Kort & Scott Financial Group (KSFG) company. The MHPHOA also provides news coverage for California Mobile Home Parks not owned by KSFG.
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Fri, Dec 28, 2018 – We are currently tracking 1,600+ mobiles homes in the Kort & Scott (KSFG) dba Sierra Corporate Management (SCM) inventory. We’ve made significant updates and have confirmed a large percentage of the listings against the MLS/CRMLS. We continue to acquire sales information for the KSFG/SCM mobile home parks and will post additional data once vetted.
Below are real-time statistics for mobile home sales in Kort & Scott owned mobile home parks in California. Click/tap the “Mobile Home Sales Statistics” link below to show/hide statistical data.
Real-Time Dataset: Mon, Nov 23, 2020
Fri, Dec 28, 2018 – The MHPHOA have been tracking “Same Space Turnover” for 256 mobile homes (2013-2018) in the KSFG/SCM inventory. “Transactions” may include Evictions, Auctions and Sales.
The data shows us that the average length of mobile home ownership in a KSFG owned mobile home park is broken down into three (3) timeframes; 12-16 months, 24-28 months and 36-40 months. These timeframes coincide with the 1, 2 and 3 year rent specials being offered for Kort & Scott affiliate owned mobile homes.
Note: 3 Step Process – Step 1: Eviction, Step 2: Auction, Step 3: For Sale
2018 Updates: Eviction and Auction activities have declined sharply in 2018. This appears to be mostly due to the business relationship between Kort & Scott Financial Group and Hart | King being severed in late 2017.
Mon, Dec 3, 2018 –
Sale Notes: The entity that owns the property is Friendly Village MHP Associates L.P., d/b/a Friendly Village of Long Beach, a California limited partnership (“LP Debtor”). The LP Debtor filed a voluntary petition under Chapter 7 of Title 11 of the United States Code in the Central District of California (“Bankruptcy Court”) on October 2, 2018. The LP Debtor’s general Partner, Friendly Village GP, LLC, a California limited liability company (“GP Debtor”) filed for protection under Chapter 7 of the United States Bankruptcy code in the Bankruptcy Court on October 21, 2018. The cases are Nos. 8:18-bk-13638-ES and 8:18-bk-13864. Richard A. Marshack was appointed and is the acting Chapter 7 Bankruptcy Trustee of both estates.
The LP Debtor and the GP Debtor will be collectively referred to as “Debtors.” The bankruptcy cases were precipitated by ongoing state court litigation commenced on August 13, 2015, by Debtors’ tenants in the Superior Court of the State of California, County of Los Angeles, entitled Celestino Acosta, an individual, et al., v. City of Long Beach, a municipality; Friendly Village Mobile Associates L.P., D.B.A. Friendly Village of Long Beach, a California Limited Liability Company; Friendly Village MHP Associates L.P., D.B.A. Friendly Village of Long Beach, a California Limited Liability Company; Friendly Village, GP, LLC, a California Limited Liability Company; Sierra Corporate Management, Inc.; Kort & Scott Financial Group LLC; and Does 1-100, assigned as Case No. BC591412 (“State Court Action”).
The Plaintiffs in the State Court Action are seeking damages for failure to maintain the mobile home park, nuisance, elder abuse, emotional distress, unfair business practices, retaliatory evection, breaches of contract, warranty and quiet enjoyment (among other complaints). The lawsuit names the Debtors, Kort & Scott Financial Group, and Sierra Corporate Management and others as co-defendants.
On Nov 19, 2018, the jury returned a verdict and awarded compensatory damages of $5.6 million to the _____ plaintiffs who occupied _____ spaces. This phase of the trial represents approximately 20%-25% of the total plaintiffs/spaces in the current State Court Action.
On Nov 27, 2018, the jury returned its verdict in the punitive damages phase of the current trial in a total amount of approximately $34 million, finding liability for the punitive damages as follows: Kort & Scott 55%, Sierra Corporate Management 25%, GP Debtor 10% and LP Debtor 10%.
Thu, Jul 2, 2020 –
The California Department of Housing and Community Development (HCD) is pleased to announce the Mobilehome Assistance Center is now accepting complaints from mobilehome / manufactured homeowners for issues within mobilehome parks related to Mobilehome Residency Law violations.
Any mobilehome / manufactured homeowner who lives in a mobilehome park.
Any complaints for issues within mobilehome parks related to Mobilehome Residency Law violations (California Civil Code).
Common violations include illegal grounds for eviction, failure to provide proper notice of rent increases, or no written rental agreement between the park and mobilehome owner.
Complaints must be submitted to HCD. HCD provides help to resolve and coordinate resolution of the most-severe alleged violations of the Mobilehome Residency Law. Visit the Submit a Complaint webpage for details.
Fri, Nov 22, 2019 –
Kabateck LLP attorneys representing hundreds of low-income mobile home residents in Long Beach, California secured a nearly $57 million settlement, which is the largest settlement ever involving a mobile home park.
Civil Lawsuits Against Kort & Scott DBAs