Quote:
Originally Posted by BrianL99
In the case of a Bond, the Lender did indeed lend money to the property owner. At the time, that owner was the Developer. The Developer then arranged for that loan to be assumed proportionally by the next owner (first home buyer), who could then pass it on to subsequent buyers.
I don't often agree with CoachKandSportsguy, but he's got a way better grasp on this situation, than most everyone else.
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True on who the bond holders lended the money initially.
Thank you on the compliment. . I try to keep it simple so I can understand it.