[quote=enron_by_the_sea]Mello Roos goes away after X number of years (in some cases X = 20 years). I believe some of the first Mello Roos Areas (i.e houses built in 1990-1996 period with MR) may be as close as 5 years away from MR expiration. Those might be good deals even though on paper they have MR.[/quote]
I wouldn’t count on Mello Roos going away. They can be extended to maintain the facilities. With local government stressing for money, I’m sure the housewives will want Mello Roos extended to support the facilities for their kids.
I’ll believe it when I see it.
Anyone, please show me an example of Mello Roos expiring.
