Talk of The Villages Florida - View Single Post - Bond Issue
Thread: Bond Issue
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Old 11-02-2019, 07:39 PM
hifred123 hifred123 is offline
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Default Bond Interest and Admin fees
The developer collects the interest and the administration fees on the bonds. Our interest on our bond (we live in Charlotte - unit 196) is $1,174.13 and the administration fee is $97.59. The actual bond payment is $354.78. That is highway robbery. How was this interest rate determined? We just bought our home in August you can bet I am paying off the bond before July to avoid having to pay any more interest to The Villages.