Additional Service Charge of $260.65 was Added Without Disclosure to Property Owner.
By: Libi Uremovic | Original Article at patch.com
Area 20, Aspen Creek. Home was purchased in 2008; four (4) years before bond debt was acquired. Property Owner asked about Mello Roos at the time of purchase. The Broker played dumb and refused to release any information until after they purchased the home.
The Notice of Special Taxes that they signed discloses a maximum amount of $2,295, but an additional Service charge of $260.65 was added without disclosure to property owner. Notice of Special Tax further states: “The special taxes may be used to pay for costs of the following services: None.”
Mortgage Company that sold house was Patron Mortgage LLC out of Riverside. Company no longer in business.
Property was purchased after housing bust, but property has still declined in value 20% while Mello Roos taxes have increased 15%.
Area 20 Aspen Creek
106 Houses
2012 Series B $3,265,000
29 Property Owners not given right to vote.
2008
Property Value: $332,921.00
Mello Roos: $2,668.00
2016
Property Value: $268,000
Mello Roos: $3,056.42
From 2008 to 2016:
Property Value: Declined 20%
Mello Roos: Increase 15%
Notice of Special Tax signed in 2008 states Maximum Special Tax will be $2,295
Property Tax Breakdown lists Additional $260.65 Charge for ‘Services’ that was not disclosed at the time of purchase.
Mortgage Company: Patrion Mortgage LLC
Riverside, CA — Mortgage
Patrion Mortgage LLC filed as a Domestic in the State of California and is no longer active. This corporate entity was filed approximately twelve years ago on Monday, February 10, 2003 , according to public records filed with California Secretary of State.
Entity Name:
From Secretary of State Website:
PATRION MORTGAGE LLC
Entity Number 200304910001
Date Filed 02/10/2003
Status: CANCELED
Address: 2847 CAMPUS PARKWAY, RIVERSIDE CA 92507
Agent for Service of Process: DAVID CONSTANTINO
Agent Address: 2847 CAMPUS PKWY, RIVERSIDE CA 92507
Other Associates of Patrion Mortgage:
Mark Hawkins
Diana S. Wilcox
Gerry Agnes
Dawn Williams