[graciegirl]

Someone is going to follow me and do a much better job than me explaining this. We haven't closed yet on our house so I am far from an expert. My understanding is that as each village is built, the bond or charge or sort of tax for the underlayment of the subdivision for roads, pipes, electrical, cable, sewage etc. is partly taken on by the new residents. I believe ours was $12,000 on a home costing about 230K. It can be paid off at anytime, but it is better I have been told to just pay the portion every month that would match up to the length of a mortgage. They sell one new village at a time...I think. So the older areas are paid off or the buyer paid it off sooner rather than later. My husband (aka Sweetie) is not here or I would have him explain. He handles the really big financing and I just worry about the world affairs.

Hope this helps.

GracieGirl (Still in Cincinnati)

P.S. Sounds like you haven't been here. Be careful....Don't drink the water or you will be one of us. It is wonderful.