Quote:
Originally Posted by asianthree
What percentage do you really believe Don’t have a clue about a Bond? The bond stays with the house as it is sold, rarely do you find new home with paid bond. Our last four houses sold with bond in place, not a surprise to anyone bidding on the homes. I must give too much credit to those buyers in TV, not buying with blindfold on. Even my parents in their 80s asked balance of bonds. according to you most are just clueless and bonds are hidden in the fine print.  or maybe it your personal experience that you didn’t see the bond fine print and are warning all. |
Reminder different strokes for different folks. "Last four houses." You must be running a business buying and selling homes. Far as recapturing a paid off bond, I would think like anything else it depends on the buyer and the seller perhaps the hired sales person. The buyer may not like the appliances, landscaping, pool etc.
A paid bond is cash money. The interest on the bond is higher than mortgage interest. We figure it both ways and we do better with the standard deduction than itemizing so mortgage interest or bond interest are not deductible.
"Not aware of," That is the problem with so many problems. It is not like what candy to buy. It is serious money. Learn, KNOW before you sign.