Quote:
Originally Posted by pooh
Well, someone had to come up with the money and just about everyone wants their money to make interest.
Doesn't seem fair that they would want to collect something for the use of their funds? I think you might feel the same way if it was your money, I know I would. I'd be losing money if I got no interest. I could have put it somewhere else to earn $$$. Logically it seems unjust, but financially, it's business.
Congratulations on your new house. Come and enjoy.
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Thanks about the new house. We like it and we like TV that's why we decided to buy here.
If it had been stated up front that there not only was a $20,000 bond but there was also a mandatory years worth of interest to be paid, that would have been one thing. Like the existence of the bond it would have been something known up front. To discover it two weeks before closing is another thing.