Talk of The Villages Florida - View Single Post - When to pay off home bond
View Single Post
 
Old 07-21-2016, 05:14 PM
RickeyD's Avatar
RickeyD RickeyD is offline
Soaring Eagle member
Join Date: Sep 2014
Posts: 2,403
Thanks: 0
Thanked 5 Times in 5 Posts
Default

Quote:
Originally Posted by JRichm369 View Post
The bond is a second mortgage that stays with the property until it is satisfied, thus it is part of the value of the property. If it has been paid off you or your estate will be able to sell at a higher price.

No, no and no.