Scheer’s understands you need to
invest your time and assets in
developing land and building homes, not borrowing money and banking.
That’s why Scheer’s offers the following bond programs to fit your
specific needs:
Subdivision
bonds provide you with a hassle
free way to guarantee your obligations
to municipalities regarding
subdivision agreements. Scheer’s subdivision
bonds are "The Developers' Stress-Free
Guarantee".
Benefits of using a subdivision bond: Subdivision
bonds guarantee that specified improvements
such as streets, sidewalks, curbs, gutters,
sewers and water mains will be installed by
the developer/homebuilder within a certain
time period and according to the governing
body’s requirements. Additional benefits
include:
• Replaces
letters of credit and opens lines
of credit
• No collateral required
• Cost effective option compared to letters of credit
• Minimal paper work
• Not a contingent liability
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Maintenance bonds provide an easy way for you
to guarantee
maintenance items including streets, sewer and water
lines, curbs and gutters,
and landscaping. Maintenance bonds are typically written for 10% of the original
improvement costs.
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Escrow bonds guarantee the return of escrowed funds,
therefore, allowing
the developer the flexibility to utilize deposits made by the home buyer.
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Miscellaneous bonds encompass
a vast number of guarantee instruments including appeal,
probate, mitigation and self-insured workers’
compensation bonds.
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Insurance | Risk
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