Also the bond might not even exist, if you're buying in one of the locations where the area's bond has been completely paid off already. There are also some homes whose owners paid THEIR portion of the bond off early, so when they sell, there's no bond for you to take over. New homes in new areas will of course carry a bond responsibility. Pre-owned homes might or might not, and whatever bond they do have, would be reduced by the number of years someone else has been paying it.
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