Talk of The Villages Florida - View Single Post - Unearned Bond interest - legalized thievery!!
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Old 07-19-2010, 05:37 PM
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Quote:
Originally Posted by Soon2B View Post
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.
Guess I never really thought about it because I have no intention of paying off the bond. Hubby might have known about the interest, he talked with the sales agent about bonds, but I was just more interested in trying to decide what model home I wanted. After living in southern CA, houses here seemed a bargin...though the taxes were considerably more than I used to pay (We had Prop 13 which kept our property taxes fairly low.) New owner of our house wasn't exempt and the taxes had gone up almost $4000 for them.

Again, congratulations on your new home...and remember, so many things are different financially here in Florida, but the people and the beauty of The Villages are priceless.
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Last edited by pooh; 07-19-2010 at 05:57 PM.