Talk of The Villages Florida - View Single Post - Do I get my bond value back if I pay if off early?
Thread: Do I get my bond value back if I pay if off early?
View Single Post
 
Old 01-14-2021, 10:09 AM
retiredguy123 retiredguy123 is online now
Sage
Join Date: Feb 2016
Posts: 17,408
Thanks: 3,042
Thanked 16,588 Times in 6,549 Posts
Default
Quote:
Originally Posted by dewilson58 View Post
Are there that many stupid buyers out there??


$300,000 house, no bond
$300,000 house, $30,000 bond (a/k/a lien)
Same selling/buying price????
Yes. I don't think you will get $330,000 for the house with no bond. And, I don't think an agent will want to price it at $330,000 because it will not be competitive with an equal house priced at $300,000 with a $30,000 bond. Another problem can be that the loan appraisal may not be high enough to get a mortgage on the $330,000 house.