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.
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My bond is annual, added to the tax bill. Until it's paid off. 2 more years...
But yes, you could say it is paid monthly, as it does go into the escrow.