Quote:
Originally Posted by biker1
It is pretty hard to specifically not pay the bond. If you have a mortgage, your mortgage payment includes funds to escrow for county and school property taxes, bond payment, CDD maintenance fee, and the fire fee. These are all items on your November tax bill that your mortgage company pays for you from escrow. Are you planning on reducing your mortgage payment by the amount of the bond payment and then tell your mortgage company to reduce your November tax bill payment by that amount? If you don't have a mortgage, you receive the November tax bill and are responsible for paying it yourself. Are you going to reduce how much you pay by the bond payment? Essentially, if you don't make your full mortgage payment then you will be hearing from your mortgage company. If you don't make the full November tax bill then you will be hearing from the County. Eventually, you won't be living in the house.
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Exactly, was replying to the "... What happens if you don't pay (just) your bond payment question."
The answer is you can't
You can stop paying your mortgage.
I like CoachKandSportsguy's perspective that "
Its really a property improvement assessment fee, funded by a bond, creating a lien on the land."