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, 10:50 AM
Bill14564 Bill14564 is online now
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Quote:
Originally Posted by dewilson58 View Post
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.
I'm not sure it's considered a lien on the property, at least from the mortgage perspective. I'll have to dig out my title paperwork but I don't recall the bond being listed and I'm sure that while the banks for the primary and secondary mortgage insisted on being listed on the home insurance, the bond did not.
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