Talk of The Villages Florida - View Single Post - Bond payment now all up front on new homes???
Thread: Bond payment now all up front on new homes???
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Old 09-23-2013, 05:45 PM
Beechie Beechie is offline
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Default It's True
I have just received via email all my closing documentation that we need to fill out before closing (Oct 11) on our new home in the Village of Collier. Part of the documentation is a Settlement Statement that clearly reflects the Bond & Maintenance with a coverage from Oct 11/2013 to Sept 30/2014. This amount has been added to the final closing costs. Although we anticipated the annual costs at sometime, we were not forewarned it would be on our closing. It's certainly not a show stopper but it was a surprise.
Gracie - we love you but this one has legs.