May 2017

Found 1 blog entry for May 2017.

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It's hard to find any new community in Southern California being built that doesn't have the added Mello Roos bond attached to it.  For those new to the California real estate market the word "Mello Roos" will be an unfamiliar term, as it was when I first moved here to California.  In essence, a Mello Roos bond is typically a monthly fee that is paid on top of any homeowners association fee and any individual mortgage.  For the most part this is only associated with new communities as you rarely see Mello Roos tax on older homes.  In San Clemente, the most popular area to find Mello Roos is the Talega area which features over 40 communities that all have the added Mello Roos bond fee.  Mello Roos bonds are normally around 30 years and the fee goes towards