Quote:
Originally Posted by Dan9871
In the end you have to check and verify that the bond has been paid. You can put something to the Purchase and Sale agreement which makes a paid off bond a requirement of the sale. But all that means is that when you go to closing if you have found out that the bond has not been paid you have the right to refuse to complete the purchase.
But even if it's in the P&S if you find out the bond wasn't paid after the closing you are pretty much stuck with paying it off.
But if you have (buyers) realtor represent you then that realtor should be watching out for things like that for you.
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As far as I know, there is no such thing as a buyer's real estate agent in Florida. If you know something different, please let me know, because I would like to hire one. The agents I know have all said that they work only for the seller, because the seller pays their commission. I don't think Florida has a buyer's contract for licensed agents to use. Agents are happy to show you houses, but, contractually, they represent the seller, not the buyer. Maybe a licensed agent can comment on this.