$1000 Cash Bond

[Shannon Elam]

Hello BP,

My fiance and I are working on our first flip deal and things seem to be going well, but something came up that we have no idea what it is. When we had a village inspection, they wrote '$1000 Cash Bond' on the top. When I looked it up I found that a bond, applied to different circumstances, was a promise to comply of sorts, and that it may or may not be refundable.

I am going to contact the Village to clarify, but has anyone heard of this? Do other cities, towns, or villages do this?

Shannon