Bond Paid should not be the key enticement to buy, but the amount of unpaid bond should be considered part of the purchase price. You owe it just like any other unpaid portion of a mortgage. In most other states infrastructure costs must be "up front" paid by the developer and are subsequently included in the "purchase price" of the home when sold to the customer.
As for rehab-flippers, I believe the good honest ones are performong a service for our community. Over the past year I noticed a few "estate" and "repo" properties which were blights to their neighborhoods being cleaned out and fixed up and quickly resold to the benefit of everyone around.
__________________
All of us could take a lesson from the weather. It pays no attention to criticism.
|