Talk of The Villages Florida - View Single Post - Words to The Wise on Bonds
View Single Post
 
Old 11-18-2013, 12:34 PM
Indydealmaker's Avatar
Indydealmaker Indydealmaker is offline
Sage
Join Date: Jun 2010
Location: Bonita
Posts: 2,520
Thanks: 158
Thanked 412 Times in 210 Posts
Default

Quote:
Originally Posted by Challenger View Post
Accurate disclosure of the bond amount is a significant issue in the sales transaction. I believe that it is the duty of the seller and his/her rep(sales agent) to make full disclosure , prior to a firm committment(contract) by the buyer. I suspect that lack of this disclosure would be grounds for action against the sales agent and the seller. It would be in many other states. I'm not sure about Fl.
Perhaps a RE attorney might comment and clarify the issue for us.
I have never been to a closing where the closing statement was not provided in advance. Likewise, I have never been to a closing where taxes and any other liens were not disclosed in the title work. There is a reason for Title Insurance.
__________________
Real Name: Steven Massy Arrived at TV through Greenwood, IN; Moss Beach, CA; La Grange, KY; Crystal River, FL; The Villages, FL