Not exactly. You don't pay off the bond monthly. It is charged annually on your property tax bill send out around November each year, at least it is in my CDD.
Quote:
Originally Posted by OrangeBlossomBaby
The bond is a totally separate fee imposed on new construction. The buyer can choose to pay it off monthly, or they can pay it off in a lump sum. If they pay it off all at once, then whoever they sell that home to, some day, will have no bond fee to pay. If they pay it off monthly, then the -next- buyer will pay whatever balance is left, or nothing, if there's no balance left.
|