About Lincoln's Lincoln Crossing

Lincoln Crossing Mello Roos Explained by Lincoln Crossing Realtor Jesse Coffey.

What is Mello Roos?

The Community Facilities District Act (more commonly known as Mello-Roos) was a law enacted by the California State Legislature in 1982. The name Mello-Roos comes from its co-authors, Senator Henry J. Mello(D-Watsonville) and Assemblyman Mike Roos (D-Los Angeles). The Act enabled "Community Facilities Districts" (CFDs) to be established by local government agencies as a means of obtaining community funding.

A Mello-Roos District is an area where a special property tax on real estate, in addition to the normal property tax, is imposed on those real property owners within a Community Facilities District. These districts seek public financing through the sale of bonds for the purpose of financing public improvements and services.These services may include streets, water, sewage and drainage, electricity, infrastructure, schools, parks and police protection to newly developing areas. The tax paid is used to make the payments of principal and interest on the bonds.

Mello-Roos is not tax deductible.

Mello Roos is most commonly seen in newer developments like Lincoln Crossing. These bonds are used to pay for the infrastructure needed for new communities throughout the State of California. The majority of homes built in the past 20-25 years often have Mello Roos. I have seen Mello Roos range for $30 per month all the way up to $375 per month. It is an expense that should be expected when buying a newer home. Mello Roos bonds typically mature in 15 or 30 year increments.

How does Mello Roos affect my Lincoln Crossing home?

1. As a homeowner it is an annual bill which you must pay. If you do not the City of Lincoln CFD could potential take ownership of your home. Most homeowners have their Mello Roos calculated in their monthly payment.

2. The higher than usual Mello Roos has had a negative affect on Lincoln Crossing home values. The average sold price per square foot is lower in Lincoln Crossing compared to Twelve Bridges or Foskett Ranch. Although impacted negatively Lincoln Crossing is still a very desirable place to live with quality homes.

3. Although Lincoln Crossing home prices have been negatively affected by the high Mello Roos it is still a great value compared to most of Placer County. Based on the quality of home that you own and the quality of life Lincoln Crossing is a wonderful place.

4. If you plan to live in your Lincoln Crossing home for more than 15 years it might be worth paying your Mello Roos off early. It could save you a substantial amount of money.

How does Mello Roos in Lincoln Crossing affect home buyers?

1. Many Lincoln home buyers do not understand Mello Roos and surprisingly many Realtors do not either. The Mello Roos can be a deterrent for many home buyers especially those in the lower price range. Mello Roos will be calculated into your monthly payment and could reduce your purchasing power. A $120 per month Mello Roos payment will reduce your purchasing power by approximately $20,000. For those looking to purchase a home in excess of $200,000 you will likely still be able to buy more home in Lincoln Crossing than in Roseville or Rocklin even with the higher Mello Roos.

2. Many home buyers looking in Lincoln Crossing can qualify to buy with zero down and no mortgage insurance through the USDA loan program. The monthly savings in mortgage insurance will typically offset the Mello Roos making Lincoln Crossing affordable for those that qualify for USDA financing.

3. Lincoln home buyers will be able to enjoy the new community and infrastructure that is currently in place. Eventually the City of Lincoln will finish all the projects in Lincoln Crossing once funding allows.

4. If home buyers plan to stay in Lincoln crossing for more than 15 years they can drastically reduce the amount they will pay for Mello Roos if they choose to prepay.

5. Although Lincoln Crossing home prices have been negatively affected by the high Mello Roos it is still a great value compared to most of Placer County.

How much is Lincoln Crossing Mello Roos annually?

These are the 2012 City of Lincoln CFD 2003-1 Lincoln Crossings rates based on square footage of a home located in Lincoln Crossing.

sqft amount
< 1,400 $1,183.90
1,401-1,800 $1,582.20
1,801-2,200 $2,039.00
2,201-2,600 $2.296.70
2,601-3,000 $2,988.20
> 3,000 $3,679.40

Can I pay my Lincoln Crossing Mello Roos of early?

1. Prepayment can be made for any homes, at any time, through the year 2034.
2. This prepayment is only for the City of Lincoln CFD 2003-1 Lincoln Crossings.
3. Prepayments are increments of 25%, 50%, 75% or 100% and will reduce all future
payments based on the percentage prepaid.
4. It does not include any amounts already placed on the tax rolls for the current year. Such
amounts shall be paid prior to the issuance of a lien release for 100% prepayments.
5. Anyone can make a prepayment at any time.
6. Rates are calculated each August for the current Fiscal Year, July through June.
7. Any Prepayments received after May 31 of any year will be credited to and receive a tax
levy the next Fiscal Year.
8. For the School CFD, you will need to contact the School directly for their information.

These are the payoff amounts until June 1st.
This is for a 100% payoff. You can choose to payoff in increments of 75%, 50% or 25%.

sqft amount
< 1,400 $18,600
1,401-1,800 $24,700
1,801-2,200 $31,700
2,201-2,600 $35,600
2,601-3,000 $46,200
> 3,000 $56,900

In addition to Lincoln Crossing real estate I am a very knowledgeable Twelve Bridges real estate agent, Foskett Ranch real estate agent, Sun City Lincoln Hills real estate agent, and Catta Verdera real estate agent. Contact me for all of your Lincoln CA real estate needs.

View Lincoln homes for sale.

As a Lincoln CA real estate agent I also assist Lincoln home owners as a Lincoln short sale agent. Please contact me for a confidential short sale consultation if you are considering short selling your Lincoln home. I am an experienced Lincoln Crossing short sale agent.

Here are links to my recent Lincoln home sales.

3311 Leiper Loop, Lincoln, Ca. 95648

2672 Red Clover Way, Lincoln, Ca. 95648

1087 Landmark Cir, Lincoln, Ca. 95648

Lincoln Crossing Real Estate Trends December 2011 By Lincoln Crossing Real Estate Agent Jesse Coffey. Currently there are 49 available homes for sale in Lincoln Crossing. This is down 10 from November. They are a combination of Lincoln bank owned homes which are also known as Lincoln REO homes and Lincoln short sales. Many are short sales and as a Lincoln Crossing short sale agent I have had recent success selling Lincoln short sale homes. As of today 65% of the available inventory in Lincoln Crossing are Lincoln Crossing short sale homes. This is an 11% increase since November. The remaining 35% are a combination of Lincoln bank owned homes and investor flips.

There are currently 39 short sale contingent homes located in Lincoln Crossing. This is down 10 from November. Short sale contingent means that the seller has accepted an offer from a potential buyer and their Lincoln short sale agent is now attempting to negotiate the sale of their home with their lender. These sales are contingent on the seller's lender accepting the sales price and approving the sale. A typical Lincoln short sale will take approximately 30-90 to get approval from the seller's lender. The quality of the short sale agent, the willingness of the seller to cooperate, and the strength of the buyer's offer all have an affect on how long the approval will take and the final outcome. If the short sale agent is not competent this will slow the process down. If the seller is unwilling to cooperate this will surely slow down or stop the sale. If the seller accepts a buyer's low ball offer the lender will likely be slow to respond since they will likely want fair market value for the home. It is important to work with an experienced Lincoln Crossing short sale agent who has the knowledge necessary to help you through the short sale process.

There are currently 50 pending Lincoln Crossing homes. Pending means that the seller and buyer are in escrow and that the sale is scheduled to close. Typically escrows are 30-60 days in length. The pending homes is down 10 from November.

Over the past 6 months 230 Lincoln Crossing homes have sold. These Lincoln Crossing homes are a combination of bank owned homes and short sales. Many of these sales are Lincoln Crossing short sales.

Foskett Ranch Sales Averages:

Square Feet: 2,426

Price Per Sq Ft: $91.49

Average Days On Market: 115

Average Sales Price: $216,196

We are beginning to see a change in the market. Prices are flat, inventory is decreasing, and demand is up. This is likely a very good indication that have already hit bottom in the local real estate market.

In addition to Lincoln Crossing real estate I am a very knowledgeable Twelve Bridges real estate agent, Foskett Ranch real estate agent, Sun City Lincoln real estate agent, and Catta Verdera real estate agent. Contact me for all of your Lincoln CA real estate needs.

View Lincoln homes for sale.

As a Lincoln CA real estate agent I also assist Lincoln home owners as a Lincoln short sale agent. Please contact me for a confidential short sale consultation if you are considering short selling your Lincoln home. I am an experienced Lincoln Crossing short sale agent.

Here are links to my recent Lincoln home sales.

3311 Leiper Loop, Lincoln, Ca. 95648

2672 Red Clover Way, Lincoln, Ca. 95648

1087 Landmark Cir, Lincoln, Ca. 95648

Lincoln Crossing home reduced - 1263 Hillwood Loop, Lincoln, CA 95648 by Lincoln real estate agent Jesse Coffey. This Lincoln Crossing HUD home was recently reduced in price and is available for all buyers to submit bids on. The bidding process is now open to all buyers. Bids are now reviewed daily. The new price is $221,400. The appraised value is $246,000.

In addition to Lincoln Crossing real estate I am a very knowledgeable Twelve Bridges real estate agent, Foskett Ranch real estate agent, Sun City Lincoln real estate agent, and Catta Verdera real estate agent. Contact me for all of your Lincoln CA real estate needs.

View Lincoln homes for sale.

This Lincoln Crossing home for sale is located at 1263 Hillwood Loop, Lincoln, CA 95648. This Lincoln Crossing HUD home was appraised at $246,000 on October 24, 2011. The reduced price is $221,400. This home was built in 2006 by JTS Communities. It has 5 bedrooms, 3 bathrooms, a 3 car garage, wood floors in the kitchen, and is 3,070 square feet. It is located in the master planned community of Lincoln Crossing. The home includes access to the community Clubhouse which has several pools, a gym, and banquet rooms. All residence of Lincoln Crossing also have access to free internet service. As a Lincoln Crossing real estate agent and an experienced HUD registered agent I can assist you with purchasing this Lincoln Crossing home or any home available in Lincoln Crossing.

This is a HUD-owned property. To view all HUD Properties available for sale, please visit http://www.hudhomestore.com. Our HUD-registered agents can sell and show you any home you find of interest on the site. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin. *This home is not my listing, but as an experienced HUD registered agent I am allowed to market any HUD listing.

As a Lincoln CA real estate agent I also assist Lincoln home owners as a Lincoln short sale agent. Please contact me for a confidential short sale consultation if you are considering short selling your Lincoln home. I am an experienced Lincoln Crossing short sale agent.

Here are links to my recent Lincoln home sales.

3311 Leiper Loop, Lincoln, Ca. 95648

2672 Red Clover Way, Lincoln, Ca. 95648

1087 Landmark Cir, Lincoln, Ca. 95648

Lincoln Crossing HUD Home For Sale - Meridian At Lincoln Crossing Home By Lincoln Real Estate Agent Jesse Coffey. This home just fell out of escrow and is coming back onto the market. This great home is located in Meridian at Lincoln Crossing. Meridian at Lincoln Crossing is part of the Lincoln Crossing master planned community which includes a clubhouse, gym, pools, high speed internet, parks, schools, shopping, and dining located in Lincoln CA.

Lincoln Crossing real estate is very desirable and includes builders such as Standard Pacific Homes, Centex Homes, Pulte Homes, and Meritage Homes to name a few. As a Lincoln Crossing real estate agent I know the different builders and have toured hundreds of homes throughout Lincoln.

In addition to Lincoln Crossing real estate I am a very knowledgeable Twelve Bridges real estate agent, Foskett Ranch real estate agent, Sun City Lincoln real estate agent, and Catta Verdera real estate agent. Contact me for all of your Lincoln CA real estate needs.

This HUD home is located in Meridian at Lincoln Crossing. The home is located at 1087 Landmark Cir Lincoln, Ca. 95648. This home has 3 bedrooms, 2.5 bathrooms, and is 1,946 square feet.

This is a HUD-owned property. To view all HUD Properties available for sale, please visit http://www.hudhomestore.com. Our HUD-registered agents can sell and show you any home you find of interest on the site. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin. *This home is not my listing, but as an experienced HUD registered agent I am allowed to market any HUD listing.

As a Lincoln CA real estate agent I also assist Lincoln home owners as a Lincoln short sale agent. Please contact me for a confidential short sale consultation if you are considering short selling your Lincoln home. I am an experienced Lincoln Crossing short sale agent.

Lincoln Crossing Real Estate Trends By Lincoln Crossing Real Estate Agent Jesse Coffey. Currently there are 59 available homes for sale in Lincoln Crossing. This is up 10 from October. They are a combination of Lincoln bank owned homes which are also known as Lincoln REO homes and Lincoln short sales. Many are short sales and as a Lincoln Crossing short sale agent I have had recent success selling Lincoln short sale homes. As of today 54% of the available inventory in Lincoln Crossing are Lincoln Crossing short sale homes. This is an 11% increase since October. The remaining 46% are a combination of Lincoln bank owned homes and investor flips.

There are currently 49 short sale contingent homes located in Lincoln Crossing. This is down 9 from October. Short sale contingent means that the seller has accepted an offer from a potential buyer and their Lincoln short sale agent is now attempting to negotiate the sale of their home with their lender. These sales are contingent on the seller's lender accepting the sales price and approving the sale. A typical Lincoln short sale will take approximately 30-90 to get approval from the seller's lender. The quality of the short sale agent, the willingness of the seller to cooperate, and the strength of the buyer's offer all have an affect on how long the approval will take and the final outcome. If the short sale agent is not competent this will slow the process down. If the seller is unwilling to cooperate this will surely slow down or stop the sale. If the seller accepts a buyer's low ball offer the lender will likely be slow to respond since they will likely want fair market value for the home. It is important to work with an experienced Lincoln Crossing short sale agent who has the knowledge necessary to help you through the short sale process.

There are currently 60 pending Lincoln Crossing homes. Pending means that the seller and buyer are in escrow and that the sale is scheduled to close. Typically escrows are 30-60 days in length. The pending homes is down 6 from October.

Over the past 6 months 231 Lincoln Crossing homes have sold. These Lincoln Crossing homes are a combination of bank owned homes and short sales. Many of these sales are Lincoln Crossing short sales.

Foskett Ranch Sales Averages:

Square Feet: 2,404

Price Per Sq Ft: $91.23

Average Days On Market: 120

Average Sales Price: $213,457

In addition to Lincoln Crossing real estate I am a very knowledgeable Twelve Bridges real estate agent, Foskett Ranch real estate agent, Sun City Lincoln real estate agent, and Catta Verdera real estate agent. Contact me for all of your Lincoln CA real estate needs.

View Lincoln homes for sale.

As a Lincoln CA real estate agent I also assist Lincoln home owners as a Lincoln short sale agent. Please contact me for a confidential short sale consultation if you are considering short selling your Lincoln home. I am an experienced Lincoln Crossing short sale agent.

Here are links to my recent Lincoln home sales.

3311 Leiper Loop, Lincoln, Ca. 95648

2672 Red Clover Way, Lincoln, Ca. 95648

1087 Landmark Cir, Lincoln, Ca. 95648