Talk of The Villages Florida - View Single Post - Bond
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Old 05-04-2019, 04:12 PM
retiredguy123 retiredguy123 is online now
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I think that a house being sold with a paid off bond would be a negative for both the buyer and the seller. For the buyers, they must pay more for the house and don't have the option to reinstate the bond. If they buy a house with a bond, they can pay it off any time they want. For the sellers they need to price the house higher to recover their cost to pay off the bond. The only advantage to paying off the bond is to an owner who is not selling anytime soon, and wants to save money on the bond interest payments.