[nanci2539]

Thanks - I think what I saw was on a real estate site that handles resales for TV.

So, correct me if I'm wrong....

If you buy a new home, there are two sets of fees. The traditional bank closing costs and TV closing costs.

If you buy a resale, there are only the traditional bank closing costs so these costs are substantially less than a new TV home.

And, it makes no sense to pay the bond up front when buying a new home?

Do I have it straight????

How is the bond paid over time - is it added to a mortgage or to your tax bill and how long can you take this bond loan out for?