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Does the acquisition cost, mentioned in the bond program Affidavit, mean the sales price or the loan amount?

April 26, 2017acquisition Affidavit Bond COST loan mean mentioned price program sales

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Does the acquisition cost, mentioned in the bond program Affidavit, mean the sales price or the loan amount?

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Acquisition cost is considered to be the sales price. In the case of a loan used to finance a newly constructed property, it is defined as the construction cost of the dwelling, plus the value of the applicable land, if acquired within the last 24 months.