Talk of The Villages Florida - View Single Post - bond questions.
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Old 04-03-2013, 06:40 AM
JourneyOfLife JourneyOfLife is offline
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Quote:
Originally Posted by graciegirl View Post
If you pay off your bond this week on your new Lily. And then in about a year decide that you wish you had a golf cart garage and a little more privacy in back and want to get away from the smoker who is on their lanai 22 ft from yours and put your house up for sale and another Lily owner who did not pay off their bond advertises their house for 23K less and sells it right away to a brand new person who just thinks your house is quite a bit higher in price.

You don't think you will ever sell your house in TV....but a lot of folks do.
To clarify, I assume you man: "but a lot of folks do and then purchase a different TV home"


If that is what you meant, I noticed a number of posts where people commented about it.

While I can understand reasons why it might happen, I would hope to avoid it. At least, that would be the goal.

But for those that are unsure...

Does one have to pay the bond "in full at closing" or can they pay some payments with interest for a while and then pay it off the balance early (save on the future interest)?