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Old 02-28-2011, 04:55 PM
rubicon rubicon is offline
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Default Bond

I agree with the member who noted that by separating the bond from the house was misleading to prospective buyers that the house was less. By the way Lake County will not allow a bond and insists it be incorporated into the selling price of the house. Depending on a person's financial status I would suggest that they pay off the bond as soon as possible because you will be paying off the interest first then the principal. If I had known that Lake county forbid breakout of bonds I would have argued more because it was difficult to determine where the costs associated with the bond, lot and house began and ended. Most of us could have better assessed the relative value to asking price. Live and learn. This isjust my personal view.