Farbet, I think your heart is in the right place but the practical aspects of what you mention need to be examined. First off, it is staggering how many people DONT know about getting their reassessments done to reduce the property taxes. Second, only those who purchased during say 03-05/06 will realize substantial reductions in county property taxes. Third, they have to get off their butts and do it. Fourth, if there is a family paying mello roos, that implies they bought a fairly newer home. If they could afford it in the first place, but cannot afford it now, they are in much deeper you know what then not being able to pay mello roos. Also mello roos does not vary with the value of the property, it is set by the number of homes in that particular mello roos district.
Anyways I understand your point but the reality of the situation will dictate that individual shortfalls due to MR or even property tax are dwarfed by the mortgage payment that the homeowner needs to choke through each month. So yeah these people are hoping for a bailout of the mortgage mess they got themselves into… Hopefully that will not happen.
