View Single Post
 
Old 05-10-2019, 12:02 AM
baustgen baustgen is offline
Senior Member
Join Date: Apr 2010
Posts: 362
Thanks: 0
Thanked 73 Times in 35 Posts
Default

Bond pays for the streets and utilities. It goes away eventually. Usually 20 years after the house is built. Resale homes have a portion of the bond remaining unless a previous home owner has paid it ofv.

Maintenance bonds are funds used to maintain the roads and utilites. It never goes away. Roads need repairs.