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, 12:33 PM
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dewilson58 dewilson58 is offline
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Quote:
Originally Posted by Bill14564 View Post
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.
It is a lien. Mortgage is subordinate. The bond lien is on the land......doesn't care about the home insurance.
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