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tive association is responsible for paying off any mortgage loans. This can oftenmake it possible for persons whose income might not qualify them for an individual mortgage to buy a mem- bership in a limited equity co-op. Consumer Action: Through their coopera- tive association, members can jointly exert in- fluence in order to change tax rates and utility prices and obtain improved services from local governments. Savings: Co-op members can benefit from economy of scale in co-op operating costs as well as from not-for-profit operation. Also, when there are "transfers", only the out-going member's equity must be financed by the in- coming member. Elimination of Outside Landlord: Co-ops offer control of one's living environment and a security of tenure, within the limits of the res- idents adherence to the terms of residency Community Control: As mutual owners, member residents participate at various levels in the decision-making process.Members own the cooperative together and have the security of being able to remain in their homes for as long as they wish, as long as theymeet theirmonthly obligations, and abide by the co-op bylaws, and rules Extended Services: By establishing coopera- tive procedures and working together, people are able to provide services for themselves. As a result, the original effort often can be strengthened. Examples include senior health care and support services. SharedMaintenance Responsibilities: Co-op members usually have limited direct mainte- nance responsibilities. The cooperative associ- ation is responsible formajor repairs, insurance, replacement of worn-out equipment, and up- keep of common grounds and facilities. Vandalism and Security: Co-op members THE JOURNAL The Magazine for Manufactured & Modular Housing Professionals vigorously protect their association's property just as gated leased land Communities. Accommodating buyer's wants and needs is a goodmarketing idea. Does thismake sense to you? T J Edward "Eddie" Hicks, lic RE Broker, Lic. Mort- gage Broker. 813 661-5901 www.mobile- homeCommunity.com www.factorybuilthome.com www.fha207m.com journalmfdhousing.com our website Circulation statistics, plus more. tel: 706-655-2333 news@journalmfdhousing.com visit Visit our website. You can view our current issue, download our media package and subscription form, see our Editorial Calendar and No. 13 on Get It Quick Page OCTOBER 2012 19 THE JOURNAL