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Thread: Bond Liquidity

  1. apprentice35
    apprentice35 is offline Member
    Join Date
    Jul 2007
    Posts
    60

    Bond Liquidity

    After obtaining a mortgage surety bond, what is the process for liquidating the bond.
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  2. Bond Guy
    Bond Guy is offline Senior Member
    Join Date
    Oct 2007
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    179

    The bond can not be liquidated. It does not have a cash value as one might think. It is similar to an insurance policy and is used when a claim arises and needs to be paid. The mortgage broker is responsibble for paying the claim settlement back to the Surety Company.
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