I am in escrow on a property and when I agreed to the sale, I was told by the listing agent that there was less than one year left of mello roos and it was $70 a month. This was a big reason we decided to purchase this home.
After paying for the appraisal and inspection, I get the tax report and it is showing that I have to pay the MR until 2038 and its going to be $98. I calculated it out and its about $15k in additional taxes.
We contacted the listing agent, and he was relaying what he was told from the seller. Now I don't believe the seller this did intentionally, but his honest mistake is going to cost me a lot of money.
How would you go about this? What do you think is fair?
After paying for the appraisal and inspection, I get the tax report and it is showing that I have to pay the MR until 2038 and its going to be $98. I calculated it out and its about $15k in additional taxes.
We contacted the listing agent, and he was relaying what he was told from the seller. Now I don't believe the seller this did intentionally, but his honest mistake is going to cost me a lot of money.
How would you go about this? What do you think is fair?