April 2021

Found 1 blog entry for April 2021.

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For those who are new to California than you may have not heard about properties that have Mello Roos before.  We commonly see Mello Roos associated with new construction communities where some of the extra building cost fees are passed on to the homeowner.  The easiest way to explain this extra fee is to look at the various costs when building a a brand new neighborhood.  Often times there will be a cost to put in sidewalks, pave streets, put in lamp posts above the streets, etc as those costs can really add up.  In order for the builder to avoid having to pay these costs a Mello Roos bond is often set up to pass on these costs to the new owners of the properties that will be living there.  These are typically from 25 to 30 years as it almost acts like