Quote:
Originally Posted by manaboutown
Disinformation. A bond is debt on the property but it is NOT a mortgage.
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Exactly but somebody is not comprehending well...
With a loan, the bank or other creditor takes title of the debtor's property,
You can't sell the home until paying the loan.
A mortgage impacts your score/credit history.
A bond is a debt against the property. But you can sell the property without paying the bond, because it is against the property and carrys over with the sale.
A bond has no impact on your credit history.