Several Parks in Financial Turmoil

Expensive infrastructure problems and the economic downturn led several park owners to simply abandon their communities and the residents living in them.

Cedar Lane MH Park / Tracy, MN—The park owner failed to pay the water bill and the city threatened to shut off the water to the 17 homes in this mostly Hmong park community.

The residents were able to negotiate an arrangement where they paid their rent toward the city’s water bill to avoid shutoff. The park went into foreclosure and title has passed to a new Texas-based owner.

Basswood Court / Thief River Falls, MN—The park owner stopped maintaining the property, making mortgage payments, paying utilities, or even collecting rent. The park went into foreclosure and the property ended up with a new owner.

The new park owner demanded immediate payment of delinquent rents and issued 28 eviction notices in a park with 44 lots.

Hy-View / Redwood Falls, MN—The park owner failed to make utility payments and the city planned to shut off the water, contact the Minnesota Department of Health to revoke the park owner’s license, and force the 34 families to leave their homes.

A judge signed off on an order requiring the owner to pay the past due amount in full and set up a lockbox for rents at First Citizens National Bank (formerly Kanabec State Bank) to receive the rents and pay the utility bills. Recently, the park owner has walked away and the bank is faced with foreclosing on the property.