Talk of The Villages Florida - View Single Post - "No Bond" is promoted in home sales. But what's the real savings?
View Single Post
 
Old 11-29-2023, 06:29 AM
retiredguy123 retiredguy123 is online now
Sage
Join Date: Feb 2016
Posts: 17,630
Thanks: 3,090
Thanked 16,777 Times in 6,646 Posts
Default

Quote:
Originally Posted by BrianL99 View Post
Just stop paying it and see what happens.
As I understand it, they can foreclose on the property, but they cannot sue you for other assets that you own, like they can with a mortgage. That is because the bond is not a personal debt.