What is "BOND MONEY" - Posted by John (KS)


#1

Posted by DougO(NM) on November 09, 1998 at 11:26:42:

I could be way off here, but it’s possible that some entity in your area has floated a bond, the proceeds of which are to be used to promote home ownership in that area. Most of these subsidies have strings to prevent profiteers from doing what they do, but if you are wanting to purchase your own home, check it out !
Doug


#2

What is “BOND MONEY” - Posted by John (KS)

Posted by John (KS) on November 09, 1998 at 10:58:29:

I have seen alot of realtor signs with a “Bond Money Availible” sign added to the top. What does this mean and would it benefit a newbie investor?


#3

Re: What is “BOND MONEY” - Posted by Rob FL

Posted by Rob FL on November 09, 1998 at 18:23:50:

Around FL, bond money is used by local governments in order to give low interest loans to first time buyers. It is only available when bonds are issued, and when it gets all used up the gov’t has to sell more bonds. Otherwise there is no money available.