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Foreclosure Forum |
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Surety BondHi Ward, I send you a copy of a surety bond that I found during a title search. Can you tell me what exactly it means? It is for $15,000 - do I pay this off if I purchase a property and a trustees sale? Or does the bond have to be "activated" in some way by the company that issued it? I am assuming that would show up in teh title search as well. I'm still not exactly sure what a surety bond is. Thanks, Mike Follow Ups:
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