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Home Buying in 92078 : Real Estate Advice

  • All34
  • Local Info1
  • Home Buying11
  • Home Selling6
  • Market Conditions0

Activity 8
Wed Aug 5, 2015
Lkbeall answered:
Contact the San Diego Tax District and ask. The Mello Roos is assessed by size of property and/or land.
0 votes 7 answers Share Flag
Wed Jul 9, 2014
Steven Shaffer answered:
You can sell your home with a contingency on finding suitable replacement housing in your contract with the buyer. If you do not find a suitable replacement home, you can cancel your sale or negotiate for an extension. Additionally, arm yourself with a strong and convincing pre-approval letter - preferably with the Automated DU Findings, proof of your credit score, and proof of funds to close accompanying your letter. Work with an aggressive agent who responds quickly to phone calls / texts / emails from you and the realtors he/she is dealing with on your behalf. That combination is really the best you can do. The only other thing you could do is borrow cash from a wealthy relative and pay them back with a cash out refinance on a new home after you close escrow. ... more
0 votes 17 answers Share Flag
Sun Dec 15, 2013
John Arendsen answered:
You really should start with the park manager. You will have to fill out an application and be approved by them before you even make an offer on a manufactured home in a rental park

We are a California licensed and experienced manufactured home and general contractor and manufactured home dealer, developer and real estate brokerage with decades of experience in the MH industry.

Please feel free to contact us anytime at 800 909-1110; cell: 760 815-6977. Or email us at

Please feel free to log onto any of our very user friendly websites:
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0 votes 4 answers Share Flag
Thu Nov 28, 2013
Mike Stone answered:
Mello Roos is a California state assessment, that goes toward developing the infrastructure in the surrounding community where a home is bought. Mello-Roos funds provide principal and interest payments for services, which include maintenance for streets, water, sewage, electricity, infrastructure, schools and parks. Mello-Roos is commonly imposed on new community infrastructure, like schools and roads.
Many buyers draw a line in the sand, and say, that they don't want to look at homes that have Mello Roos tax. But, one should look at the bottom line. What will the payment be? Some times homes without Mello Roos are higher priced per square foot. And, some have HOA fees. The only way to compare apples to apples is to compare the monthly payment.
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0 votes 9 answers Share Flag
Mon Sep 9, 2013
Andrew Martinez answered:
We offer interest only loans. They are available to anyone that meets the income and credit requirements. Interest Only loans aren't only available to "affluent borrowers".

Interest Only loans make sense in some cases. For example if your looking to own the property a short period of time. Very popular loan program for property flippers or borrowers expecting a rise in income.
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1 vote 5 answers Share Flag
Thu Dec 9, 2010
Lorraine answered:
Your question is very accurate as to the length of mello roos. Homeowners in this community and some banks are paying the mello roos off. The tax base for this community is approximately in the 1.5% . Nice area.
Crescent Moon Realty, Inc
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0 votes 3 answers Share Flag
Tue Jun 2, 2009
Bryan Devore answered:
Did you already provide a loan approval letter along with the offer on the short sale? If so, then you would want to submit a new approval letter. Sometimes changing things mid-stream muddies the process, so sometimes it's best to just let it go as is. Ultimately, so long as you can get your loan with the co-signer, as long as you can close your loan and close escrow, the short sale lender shouldn't be affected.

If you have any other questions about short sales, I'm happy to answer them for you. 760-908-3838
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0 votes 1 answer Share Flag
Sun Sep 7, 2008
Bill Eckler answered:

You appear to be the "enlightened one."

Just read the postings.......I don't believe I seen a buyer step up and say they had a "terrific short sale experience."

On the other hand there are scores of horror stories that have contributed to a "buyer beware" mentality. ... more
1 vote 8 answers Share Flag
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