MHCO

Working with Residents' in Disaster Preparedness

(This is the second in a series of articles on disaster preparedness in manufactured home communities)

For manufactured home communities, emergency management experts recommend putting together a committee of residents, with the following minimum responsibilities:

  • Working with management to develop an evacuation or shelter plan
  • Setting up an emergency notification system for the community
  • Conducting community education programs on disaster readiness
  • Setting up evacuation practice drills
  • Training residents on securing their property before evacuating
  • Maintaining a list of residents with special needs
  • Identifying members of the community with special skills, such as nurses, doctors or others trained in CPR or medical assistance, who could help in an emergency
  • Preparing contact lists for relatives and next of kin

 

 

 

Community Financing: Interest Rates Still Near Historic Lows, Despite Volatile Markets


The financial markets thus far in 2016 have proven unpredictable, yet have simultaneously offered very attractive opportunities for income property owners looking for capital. While the stock market and oil prices have continued to plunge over the past several weeks, very few experts predicted that major interest rate indices would be retesting historic lows as they have.


Community Financing: Interest Rates Still Near Historic Lows, Despite Volatile Markets


The financial markets thus far in 2016 have proven unpredictable, yet have simultaneously offered very attractive opportunities for income property owners looking for capital. While the stock market and oil prices have continued to plunge over the past several weeks, very few experts predicted that major interest rate indices would be retesting historic lows as they have.


Planning Ahead for Disasters

This is the first in a series of articles on disaster preparedness and how to safeguard your community, save lives and minimize damage

There are three steps in a good disaster plan: planning, prevention and recovery. Knowing what to do in each step can help you reduce injuries and damage to your community. This article discusses the planning segment of disaster preparedness.

New MHCO Forms and New Abandonment Law - Effective January 1st


Editor's Note: Earlier this year MHCO passed significant changes to Oregon's abandonment law in the Oregon Legislature. To assist MHCO Members with these changes, MHCO has developed three new forms as a result of the new abandonment law: The new forms are: MHCO Form 31A "Declaration of Intent"; MHCO Form 31B "Declaration of Compliance"; and MHCO Form 31C "Declaration of Sale". Attorneys Phil Querin and Mark Busch provided input as well as the Oregon Department of Revenue. Below is Phil Querin's explanation of the changes to Oregon's abandonment law. Further clarification will be provided in the 2016 MHCO Management Training Seminars and future "Question and Answer" sessions with Phil Querin.


Current Oregon Law. ORS 90.675(14) provides that following the public or private sale of an abandoned home, a landlord may deduct from the proceeds of the sale the reasonable or actual costs of notice, storage and sale and the unpaid rent. If any funds remain, the landlord is required to remit the excess proceeds to the county tax collector to the extent of any unpaid property taxes and assessments owed.1

However, if one of the following circumstances apply, the county tax collector is required to cancel all unpaid property taxes and assessments:

  1. The landlord destroys or disposes of the home after a determination from the assessor that its current market value is $8,000 or less;

  2. The sale was held, but there was no buyer of the home;

  3. There is a buyer of the home; its current market value is $8,000 or less; but the

    proceeds of sale are insufficient to satisfy the unpaid property taxes and assessments owed after distribution of the proceeds for the landlord's actual cost of notice, storage and sale and unpaid rent; or

  4. The landlord buys the home at the sale; its current market value is more than $8,000; the proceeds of sale are insufficient to satisfy the unpaid property taxes and assessments; and, the landlord disposes of the home.



New MHCO Forms and New Abandonment Law - Effective January 1st

Editors Note: Earlier this year MHCO passed significant changes to Oregon's abandonment law in the Oregon Legislature. MHCO has developed three new forms as a result of the changes in abandonment law: MHCO Form 31A "Declaration of Intent"; MHCO Form 31B "Declaration of Compliance"; and MHCO Form 31C "Declaration of Sale". Attorneys Phil Querin and Mark Busch provided input as well as the Oregon Department of Revenue. Below is an explanation of the changes to Oregon's abandonment law. Further clarification will be provided in the 2016 MHCO Management Training Seminars and future "Question and Answer" sessions with Phil Querin.


Current Oregon Law. ORS 90.675(14) provides that following the public or private sale of an abandoned home, a landlord may deduct from the proceeds of the sale the reasonable or actual costs of notice, storage and sale and the unpaid rent. If any funds remain, the landlord is required to remit the excess proceeds to the county tax collector to the extent of any unpaid property taxes and assessments owed.1

However, if one of the following circumstances apply, the county tax collector is required to cancel all unpaid property taxes and assessments:

  1. The landlord destroys or disposes of the home after a determination from the assessor that its current market value is $8,000 or less;

  2. The sale was held, but there was no buyer of the home;

  3. There is a buyer of the home; its current market value is $8,000 or less; but the

    proceeds of sale are insufficient to satisfy the unpaid property taxes and assessments owed after distribution of the proceeds for the landlord's actual cost of notice, storage and sale and unpaid rent; or

  4. The landlord buys the home at the sale; its current market value is more than $8,000; the proceeds of sale are insufficient to satisfy the unpaid property taxes and assessments; and, the landlord disposes of the home.



New MHCO Forms and New Abandonment Law - Effective January 1st

Editors Note: Earlier this year MHCO passed significant changes to Oregon's abandonment law in the Oregon Legislature. MHCO has developed three new forms as a result of the changes in abandonment law: MHCO Form 31A "Declaration of Intent"; MHCO Form 31B "Declaration of Compliance"; and MHCO Form 31C "Declaration of Sale". Attorneys Phil Querin and Mark Busch provided input as well as the Oregon Department of Revenue. Below is an explanation of the changes to Oregon's abandonment law. Further clarification will be provided in the 2016 MHCO Management Training Seminars and future "Question and Answer" sessions with Phil Querin.


Current Oregon Law. ORS 90.675(14) provides that following the public or private sale of an abandoned home, a landlord may deduct from the proceeds of the sale the reasonable or actual costs of notice, storage and sale and the unpaid rent. If any funds remain, the landlord is required to remit the excess proceeds to the county tax collector to the extent of any unpaid property taxes and assessments owed.1

However, if one of the following circumstances apply, the county tax collector is required to cancel all unpaid property taxes and assessments:

  1. The landlord destroys or disposes of the home after a determination from the assessor that its current market value is $8,000 or less;

  2. The sale was held, but there was no buyer of the home;

  3. There is a buyer of the home; its current market value is $8,000 or less; but the

    proceeds of sale are insufficient to satisfy the unpaid property taxes and assessments owed after distribution of the proceeds for the landlord's actual cost of notice, storage and sale and unpaid rent; or

  4. The landlord buys the home at the sale; its current market value is more than $8,000; the proceeds of sale are insufficient to satisfy the unpaid property taxes and assessments; and, the landlord disposes of the home.



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