[Bill-n-Brillo]

Originally Posted by janmcn

It should be noted that this procedure has been used for the last 20 years, ever since bonds were introduced in TV as a way of paying for the infrastructure.

It's a hard to believe that only 880 owners elected to pay off their bonds in all that time. What happened to the interest collected in error since 1992?

I believe it has to do with WHEN the payoff was made during the year.


From Bond Interest Refund Procedures :

"For those property owners who paid off their bonds between the annual July assessment roll cutoff date through September 16th, they were entitled to a full refund of the final annual interest installment. For those property owners who paid off their bonds from September 17th through the following March 16th, they were entitled to a 50% refund of the final annual installment of interest. For those that paid off from March 17th through the following July cutoff date, they were entitled to no interest refund."

Bill

[LynnDeb]

Originally Posted by graciegirl

A home purchased at 228k plus 21k would be listed at 249k or more.. if you pay off the bond but it can be listed at....a lower price if you do not.

There is NO difference but people may look at it sooner as it does not require the initial amount of cash or money loaned. A marketing situation but unfortunately not all people who are new to the Villages can see the difference and may be drawn to a seemingly lower priced home.

PLUS, I am guessing that many people were like we were when we first bought here... Are we gonna like it? What if we don't and want to sell it? We can sell it quicker at a lower price if we don't pay off the bond.

We are coming up tomorrow to look at a 2010 patio villa w a $11,000 bond on it its in Sumter Landing area....any thoughts? Thanx Lynn

[Bogie Shooter]

Originally Posted by LynnDeb

We are coming up tomorrow to look at a 2010 patio villa w a $11,000 bond on it its in Sumter Landing area....any thoughts? Thanx Lynn

If you like it................buy it!

[LynnDeb]

Originally Posted by Bogie Shooter

If you like it................buy it!

How much approx will it cost per yr I am just trying I figure in amount into budget

[KeepingItReal]

....

[Bill-n-Brillo]

Originally Posted by LynnDeb

How much approx will it cost per yr I am just trying I figure in amount into budget

"Cost" for:

The bond? See previous post from KeepingItReal

A mortgage? There are a zillion places you can check re: mortgage rates and amortization tables for monthly costs

A on-going cost of ownership? Refer to a PM from a while back that I'd sent you on this. Let me know if you still need that info.

Good luck!

Bill