Mello Roos

[SD Realtor]

We have talked about Mello Roos before and I thought it may be helpful to provide some links about Mello Roos and possibly clarify some information.

Before I start, I want to clarify, MR fees are your choice, if you don’t want to pay them, don’t buy a home with MR fees that is in a Community Facilities District. Personally I do not think I will ever buy a home in an MR district.

1 – Contrary to the voodoo that many think realtors perform, we cannot find out if someone paid Mello Roos up front or not. The MLS provides links to Realist and Realist displays a link to the tax roll for a home but it only gives recording information for a limited history, it does not give out MR information.

2 – Yes we can find out more information about Mello Roos through title officers but anyone can find out about the Mello Roos Community Facilities they are looking in to purchase a new house.

3 – I googled California Mello Roos and looked at several links. One link did indeed imply that MR fees can indeed be paid off in full up front. It did not go into details. I am not sure how that can be done but I believe they let you do it by calculating the maximum MR payment that can be made over the life of the bond and then if you want to dump a big payment in that manner then so be it. The link is as follows:

http://www.fidelitytitle.net/fastfacts/NewPDF/021_Mello-Roos.pdf

4 – I would urge everyone to read up a bit more about MR fees to seperate facts from fiction. There is a ton of information out there and it is explained fairly well.

[SD Realtor]

Forgot this link…it is more technical and will put you to sleep but helpful.

http://www.orrick.com/fileupload/1180.pdf

SD Realtor

[SD Realtor]

Forgot this link…it is more technical and will put you to sleep but helpful.

http://www.orrick.com/fileupload/1180.pdf

SD Realtor

[SD Realtor]

Forgot this link…it is more technical and will put you to sleep but helpful.

http://www.orrick.com/fileupload/1180.pdf

SD Realtor

[SD Realtor]

Forgot this link…it is more technical and will put you to sleep but helpful.

http://www.orrick.com/fileupload/1180.pdf

SD Realtor

[SD Realtor]

Forgot this link…it is more technical and will put you to sleep but helpful.

http://www.orrick.com/fileupload/1180.pdf

SD Realtor

[Alex_angel]

I beleive you can write this off as property tax paid. It is not supposed to be done but seems to be the common practice.

[Alex_angel]

I beleive you can write this off as property tax paid. It is not supposed to be done but seems to be the common practice.

[Alex_angel]

I beleive you can write this off as property tax paid. It is not supposed to be done but seems to be the common practice.

[Alex_angel]

I beleive you can write this off as property tax paid. It is not supposed to be done but seems to be the common practice.

[Alex_angel]

I beleive you can write this off as property tax paid. It is not supposed to be done but seems to be the common practice.

[raptorduck]

Disclaimer, I am not a tax lawyer.

But, you can write off that part of the Mello Roos taxes that goes towards paying interest in the bond and NOT that part that is used to maintain infrastructure. It depends on the district, but for some all the money goes towards the bonds so all of it can be written off.

[raptorduck]

Disclaimer, I am not a tax lawyer.

But, you can write off that part of the Mello Roos taxes that goes towards paying interest in the bond and NOT that part that is used to maintain infrastructure. It depends on the district, but for some all the money goes towards the bonds so all of it can be written off.

[raptorduck]

Disclaimer, I am not a tax lawyer.

But, you can write off that part of the Mello Roos taxes that goes towards paying interest in the bond and NOT that part that is used to maintain infrastructure. It depends on the district, but for some all the money goes towards the bonds so all of it can be written off.

[raptorduck]

Disclaimer, I am not a tax lawyer.

But, you can write off that part of the Mello Roos taxes that goes towards paying interest in the bond and NOT that part that is used to maintain infrastructure. It depends on the district, but for some all the money goes towards the bonds so all of it can be written off.

[Author]

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