Real estate blog entries tagged with mello roos by Cari Hendricks, Broker Associate (Keller Williams Realty)

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Home : Blogs : Cari Hendricks, Broker Associate : You've Got Questions, I've Got Answers : Tag "mello roos"

mello roos: if you are representing a client on new constrution, be warned about taxes... - 11/01/10 01:45 PM

I am representing a buyer on new construction. In order to get the builder incentive, they planned to use the builders lender. In reviewing the break down of monthly mortgage payment, it shows the taxes and assessments as $350 per month, even though it's actually $606 per month. I sent the lender the tax disclosures that specify the mello roos, ad valorum taxes and local assessments. The lender says "we use a template that automatically calculates the taxes and assessments".
Be sure to look at the NHD closely as it specifies taxes and assessments. Make sure the lender isn't using current taxes and assessments to calculate … (1 comments)

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Cari Hendricks, Broker Associate

West Sacramento, CA

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Keller Williams Realty

Address: 4180 Truxel Road, Suite 150, Sacramento, CA, 95834

Office Phone: (916) 371-4663

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