Quote:
Originally Posted by CWGUY
Bond Amortization Schedules
Look on your I.D. Card to find your "Unit Number" Tax Bill will also have it.
I think they are all 30 years in Sanibel and close to 7% interest.... YOU DID KNOW THAT WHEN YOU PURCHASED? RIGHT?
If you own in a Villa Area (least expensive) you owe over a $1000 a year for the next 26 years.
|
This was glossed over by our sales agent. We did the research ourselves before buying.
I don't think the gloss over was malicious--I don't think most agents understand the whole bond
concept.
Educate yourself before buying and know what that bond really costs! And, no, no Portion of it is legally deductible interest! It would cost less on many levels if it were simply added to the home price.