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?
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Old 01-14-2021, 10:19 AM
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dewilson58 dewilson58 is offline
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Quote:
Originally Posted by retiredguy123 View Post
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.

I have not been exposed (which doesn't mean it's not out there) to these stupid people.


The appraisals will be the same. It's up to the banker to determine the max loan they will issue given the two different net values and being second in line behind a $30k lien on one property.


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