Posted by Ronald * Starr(in No CA) on July 17, 2002 at 22:18:04:
If you purchase through a title company, escrow company, or a real estate attorney you should not have to worry about these types of things. Since you mention Mello-Roos, I assume you are in CA. Then the title or escrow company should be able to tell you whether there is a Mello-Roos type bond on a property. You can also call the county treasurer’s office and, giving them the assessor’s parcel number for the property, they will tell you about any bonds on the property. If you go to the assessor’s office or the tax collector’s office, there will be a list of all assessments for a particular property which are collected by the county tax collector. You can find this by determining what the “Tax Rate Area” number is for that property–it is usually readily available, but ignored by most of us most of the time. Then there will be a book which shows all the different taxing entities and their assessmerts for properties within the tax rate area. You’ll see things like school districts, community college districts, mosquito abatement districts, ambulance districts, and so on. Whatever taxes are being collected for the property.
As far as the rest of the liens, judgments, and other obligations, you can see what is against the property owners in the recorders office records. But, you usually should not have to worry about that. The escrow holder will handle them. If you buy without an escrow, you will probably want to learn how to read the records for yourself. I few hours of learnoing should do the trick for you to be able to handle most of the situations you will run into. You might practice by running your name and those of some people you know well.
Good InvestingRon Starr*******