LOS ANGELES--The Temecula Valley Unified School District in California has begun foreclosure proceedings in a Mello-Roos special tax district after certain property owners failed to make more than $1 million of tax payments.

Special tax payments from Community Facilities District No. 89-1, also known as Redhawk, secure a $12.8 million Mello-Roos bond issue sold in 1990.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.