[quote=Clueless]CFD 99-1 for carmel valley schools is the one I try to pay off.
Dolinka Group answered my request timely and sent me the doc without charge. They were very good in returning my call. I checked on website and found John Addleman should be the contact person, but an associate answered me instead. In the doc, there is a prevision on prepaid term. One has to do it before the house was built. Does not make any sense to me. That is why I want to get your expert’s opinion.
I will PM you tomorrow.
Thanks.[/quote]
When you say “they sent you the doc” which document are you referring to? I assume you mean, he sent you instructions to pay off your CFD? Or did he send you some other paperwork referring to CFD #99-1?
Can you cite the exact provision regarding the prepayment term? Or was that only something he told you verbally? If he told you verbally, call back and ask them to cite the exact verbage and clause regarding the prepayment. As well, ask them to cite exactly which paragraph it is located at. If you have that, PM me and I’ll take a look at it.
I’ve been mentioning here for a while that I do believe that some of the various CFD’s will ban prepayment in the future. And ultimately if you look at that it’s because it’s for THEIR advantage….NOT ours as taxpayers. Which in and of itself tells you quite a bit regarding if you should pay it off or not.
“Potential extension until 2043”. Yeah right! No Thanks!!!
