Talk of The Villages Florida - View Single Post - Bond payments from the Developer's Point of view
Thread: Bond payments from the Developer's Point of view
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Old 12-04-2023, 09:37 AM
Papa_lecki Papa_lecki is offline
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Quote:
Originally Posted by CoachKandSportsguy View Post
Nope, not my assumption. The CDD holds the bond liability though. .
I think the home owner has the liability. The CDD is just the collection vehicle, they collect from the debtor (homeowner) and pay the debtee (the holder of the bind investment).

If a homeowner defaults on their bond, the CDD downs pay it, the next owner of the house does.