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Originally Posted by Susan Schonfeld

Usually you figure taxes on a home about 1% so a $300,000 home would be about $3,000 a year plus if you only have 1 home in Florida and use the Homestead you deduct $25,000 off the price of the home which would make it about $2750 a year. We paid the bond off at closing because when we added the interest if we paid it out over 20 years was astronomical- like 30% if I remember. The Morse family received this government loan money to build interest free and that's why they have been in court fighting why they are charging interest to you,

The IRS ruled on this and case was closed. No wrong doing.