Talk of The Villages Florida - View Single Post - Paying off bond
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Old 04-24-2017, 06:14 PM
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Quote:
Originally Posted by Putt4Dough View Post
You are totally clueless. First of all someone offering financial advice should know the correct term is paid, not "payed"

Go to any bank or mortgage broker and ask them if a paid off bond has any "value" in their calculations for a loan. If an unpaid bond exists they will need to see your ability to pay it whether in cash or over time. One of the top three questions from any prospective buyer in Florida is "Does it have a CDD or bond, what is the amount?" They then add this to the purchase price.

Thinking a home with an unpaid bond has the same value or price as a home with a paid bond (no extra tax debt) is completely false.
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