Quote:
Originally Posted by JRichm369
It appears that the bond is quite similar to carrying a second mortgage, on a home, the exception being that obligation stays with the property regardless of who owns the property until the bond is satisfied. I find it quite hard to believe that a buyer would not recognize that the bond is part transaction. In other words if the bond is not paid off it is a financial obligation for the property owner, if the bond is paid, the property value would be higher.
|
The value would not be higher. The leins would be less.
Indebetedness does not change the market value. A non informed buyer, however, may not employ the right factors when deciding how much to pay.