Bond Issue
Is there any way to assume the position of bond holder? Lets say I pay off my bond in 2015 and the regular schedule for the bond goes to 2040. Is there any way to give the schedule for my unit to any new buyers and for the years 2016 to 2040 have them pay me annually for the bond vs. the current setup??
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Also remember a buyer can only get a loan for the appraised value of the house, and the appraisal would not include or consider the Bond paid. However, As long as the buyer has a downpayment that at least covers the bond plus XX% the buyer would get a loan that in essence now includes the former bond and be fully deductible.[/QUOTE]
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