Quote:
Originally Posted by vintageogauge
But keep in mind the equity loan will not follow the transfer of your deed if you sell your home. You will have to pay it off and you will not necessarily get your bond payoff back when selling your home as you will have to price it that much higher than the comps that have recently sold or are for sale, many buyers will not even take that into consideration.
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I’ve heard this stated over and over. If one sells their home by owner, one will hear the purchasers comments and yes, we paid off the bond and totally recouped the the cost. It’s one of the first questions asked by the interested parties, is the bond paid off?