Quote:
Originally Posted by tophcfa
The bond is an opportunity? As i see it, the real opportunity involving the bond is to do what we did. We took advantage of an opportunity to buy a pre-owned home with a bond balance of zero : )
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Of course you realize the previous owners probably set a sale price that included them recovering some or all of their bond. Look at it this way: Two identical homes right next to each other, let's say intrinsic worth of 300K each. One has a 30K bond, the other none. What do you think the sales price would be for each?