Talk of The Villages Florida - View Single Post - New home Prices Continue Down
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Old 02-02-2009, 02:29 PM
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Quote:
Originally Posted by downeaster View Post
Unless the bond is paid off the unpaid balance will be included in the closing statement on a pr-owned sale. The amount will depend on the original amount and number of payments.
DE..... maybe I'm interpreting this incorrectly....are you saying on a resale, that the new buyer MUST pay off the existing bond balance? Or, does he/she just inherit the balance and can elect to pay it off in total or pay it down yearly just as the original owner did?
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