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What'S Mello-Roos & Why do We Have to Pay for It? 2 Minute Real Estate Video
"What is Mello-Roos?" in California is one of those most often asked questions from home buyers in the State of California…I get that one all the time. While in reality most home buyers have heard of it (Mello Roos), there’s still a lot of confusion of the subject…not only with home buyers and home sellers but also agents alike. This quick 2-Minute Real Estate Video will provide you more information on the subject.

As a long-time broker/REALTOR myself I see the issue popping up when I routinely view listings for prospective buyers. And although most listings (on the Multiple Listing Service) provide a field to identify whether or not Mello-Roos applies to that specific property it’s (rarely IMHO) identified correctly…It might be as simple as a YES or NO on the MLS…and whether it does or not, I think a prudent home buyer would want to know for sure!
Mello-Roos is an assessment(s) levied against a property and normally shows up on the property tax bill from the local county. At times (yet not always) they are labeled as Mello-Roos or, they can also show up as a CFD = Community Facilities District(s).
And yes there can be more than one…multiple ... more

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