Quote:
Originally Posted by villages07
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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07,
I don't know. I am not saying the bond must be paid off. However, the bond balance, if any, will be addressed.
Any local RE broker would have the correct answer.