Mrsmarketingguy
New member
Hi everyone! New to Irvine so forgive my ignorance, but I was under the impression that mello roos could be paid off in a lump sum as it is basically a loan taken by the builder and passed to the homeowner. I've found a lot of information on paying it off in San Diego and people have said it is really time consuming and hard to get ahold of the tax assessor office as they charge to calculate what you owe and also don't like people paying it off because they cannot make money off interest and in some cases the homeowner is exempt from renewal. But I have not found any information on doing this in Irvine.
So my question is does anyone know if there is a stipulation in Irvine that voids this payoff or has anyone been able to pay it off? I imagine if people could do this a lot of people would have done it already... especially in Irvine.
Here are some links for clarification if I am confusing:
http://www.bubbleinfo.com/2012/04/04/paying-off-mello-roos/
https://www.trulia.com/voices/Home_Buying/can_I_pay_off_mello_roos_-139003
http://www.city-data.com/forum/san-diego/1541939-paying-off-mello-roos-early.html
*not sure how reliable these are ....
So my question is does anyone know if there is a stipulation in Irvine that voids this payoff or has anyone been able to pay it off? I imagine if people could do this a lot of people would have done it already... especially in Irvine.
Here are some links for clarification if I am confusing:
http://www.bubbleinfo.com/2012/04/04/paying-off-mello-roos/
https://www.trulia.com/voices/Home_Buying/can_I_pay_off_mello_roos_-139003
http://www.city-data.com/forum/san-diego/1541939-paying-off-mello-roos-early.html
*not sure how reliable these are ....