We all know that companies like Equity Lifestyle Properties and Equity Residential are just one of many REITs out there using other peoples money to buy property. In the case of Equity Lifestyle Properties their golden goose happens to be mobil home parks. They come in and install a manager who is trained by the company to save the company as much money as possible and then receives a bonus for themselves for pillaging your once beautiful mobile home community. So we are out gunned when it comes to money and attorneys so whats our opinion?
We have a lot of options to tell these investment companies we’re not going to take they’re bullying. Wells Fargo and M&T bank own quite a few shares in Equity Lifestyle Properties, so Im guessing they condone the pillaging of seniors and lower income families .
Here is what you can do without getting a lawyer or filing complaints with state agencies put in place to protect your rights, but instead do absolutely nothing. In our case here in Florida its the DPBR. Pull your money out of these banks and tell them why. I chose to use social media to tell my story about my experience with Equity Lifestyle Properties and to warn future mobile home buyers to beware of the predatory practices of ELS and its management company MHvillage.
Stop banking with M&T and Wells Fargo, your money is helping them price you out of your own home.

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