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Originally Posted by Stu from NYC
Received our first notice a few days ago called the Taxing Authority who was able to answer most questions but still have one.
We are being billed $ 474.82. Lady I spoke to said this was from Villages but had no idea what this is for.
Can someone please explain. Thanks.
Was considering paying off the bond that has 15 years to go but thinking we should spend another year or two here to make sure this is our permanent home in the Villages before doing so.
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Yes be careful and make your choice slowly! Looks like the interest rate is 8% that’s why the sales staff is coached to tell you not to pay off the bond it’s another revenue stream. But please realize after you pay it off they still bill you a line item called HOA ! You can never get rid of it and I think you really never own your home outright it’s SS if there’s a stranglehold on you. Good luck !