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File #: 13552   
Type: Agenda Item Status: Adopted
File created: 1/22/2024 In control: Board of County Commissioners
On agenda: 2/13/2024 Final action: 2/13/2024
Enactment date: Enactment #:
Title: Satisfactions of Various Mortgages Through Homeownership Down Payment Assistance; and Satisfactions of Various Deferred Loan Agreements Through Homeownership Rehabilitation Program
Attachments: 1. Memorandum 1-3-24, 2. Aldrich - Satisfaction of Mortgage, 3. Aldrich - Second Mortgage, 4. Anderson - Satisfaction of Mortgage, 5. Anderson - Modification of Mortgage, 6. Anderson - Second Mortgage, 7. Barnett - Satisfaction of Mortgage, 8. Barnett - Second Mortgage, 9. Brennert - Satisfaction of Deferred Payment Loan Agreement, 10. Brennert - Deferred Payment Loan Agreement, 11. Brown - Satisfaction of Mortgage, 12. Brown - Second Mortgage, 13. Calleri - Satisfaction of Deferred Payment Loan Agreement, 14. Calleri - Deferred Payment Loan Agreement, 15. Campbell - Satisfaction of Mortgage, 16. Campbell - Second Mortgage, 17. Dell' Aquila - Satisfaction of Deferred Payment Loan Agreement, 18. Dell' Aquila - Deferred Payment Loan Agreement, 19. Forman - Satisfaction of Deferred Payment Loan Agreement, 20. Forman - Second Mortgage, 21. Forman - Modification of Mortgage, 22. Goodman - Satisfaction of Mortgage, 23. Goodman - Second Mortgage, 24. Hill - Satisfaction of Mortgage, 25. Hill - Second Mortgage, 26. Ledford - Satisfaction of Mortgage, 27. Ledford - Second Mortgage, 28. Littlejohn and Washington - Satisfaction of Mortgage, 29. Littlejohn and Washington - Second Mortgage, 30. Lufcy - Satisfaction of Deferred Payment Loan Agreement, 31. Lufcy - Deferred Payment Loan Agreement, 32. Mormando - Satisfaction of Mortgage, 33. Mormando - Second Mortgage, 34. Pollard - Satisfaction of Deferred Payment Loan Agreement, 35. Pollard - Deferred Payment Loan Agreement, 36. Solivan and Carmen - Satisfaction of Mortgage, 37. Solivan and Cruz - Second Mortgage, 38. Rodrigues De Miranda - Satisfaction of Deferred Payment Loan Agreement, 39. Rodrigues De Miranda - Deferred Payment Loan Agreement, 40. Valliere - Satisfaction of Mortgage, 41. Valliere - Second Mortgage, 42. Approved Satisfaction of Deferred Payment Loan Agreement for Barbara J. Brennert, 43. Approved Satisfaction of Deferred Payment Loan Agreement for Diana Forman, 44. Approved Satisfaction of Deferred Payment Loan Agreement for Ellen Lufcy aka Ellen I. Lufcy, 45. Approved Satisfaction of Deferred Payment Loan Agreement for Larry J. Pollard and Pamela J. Pollard, 46. Approved Satisfaction of Deferred Payment Loan Agreement for Louis A. Dell' Aquila and Mary Dell' Aquila, 47. Approved Satisfaction of Deferred Payment Loan Agreement for Maryruth Rodrigues De Miranda, 48. Approved Satisfaction of Deferred Payment Loan Agreement for Michael J. Calleri, 49. Approved Satisfaction of Mortgage for Andres Marrero Solivan and Carmen A. Cruz, 50. Approved Satisfaction of Mortgage for Anna D. Brown, 51. Approved Satisfaction of Mortgage for Bonnie B. Valliere, 52. Approved Satisfaction of Mortgage for Destinee L. Mormando, 53. Approved Satisfaction of Mortgage for Elizabeth W. Campbell, 54. Approved Satisfaction of Mortgage for Gwendella Littlejohn and Barry L Washington, 55. Approved Satisfaction of Mortgage for Michael Allen Hill, 56. Approved Satisfaction of Mortgage for Ronald C. Ledford, Sr. aka Ronald C. Ledford, 57. Approved Satisfaction of Mortgage for Scott J. Aldrich and Catherine L. Aldrich, 58. Approved Satisfaction of Mortgage for Shilah J. Anderson, 59. Approved Satisfaction of Mortgage for Steven A. Goodman, 60. Approved Satisfaction of Mortgage for Travis J. Barnett and Christina A. Barnett

TITLE

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Satisfactions of Various Mortgages Through Homeownership Down Payment Assistance; and Satisfactions of Various Deferred Loan Agreements Through Homeownership Rehabilitation Program

 

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BRIEF OVERVIEW

Attached are the following Satisfaction of Mortgages for either Hernando County’s Homeownership Down Payment Assistance Program or its Deferred Payment Loan Agreement Program:

 

•                     Scott J. Aldrich and Catherine L. Aldrich in the amount of $32,000.00.

•                     Shilah J. Anderson in the amount of $5,347.35.

•                     Travis J. Barnett and Christina A. Barnett in the amount of $10,000.00.

•                     Barbara Brennert in the amount of $31,297.55.

•                     Anna D. Brown in the amount of $14,173.50.

•                     Michael J. Calleri in the amount of $7,800.00.

•                     Elizabeth W. Campbell in the amount of $13,451.00.

•                     Louis A. Dell’Aquila and Mary Dell’Aquila in the amount of $11,687.95.

•                     Diana Forman in the amount of $20,760.00.

•                     Steven A. Goodman in the amount of $7,892.65.

•                     Michael Allen Hill in the amount of $14,025.79.

•                     Ronald C. Ledford Sr. in the amount of $12,500.00.

•                     Gwendella Littlejohn and Barry L. Washington in the amount of $5,000.00.

•                     Ellen Lufcy aka Ellen I. Lufcy in the amount of $10,537.75.

•                     Destinee L. Mormando in the amount of $17,400.00.

•                     Larry J. Pollard and Pamela J. Pollard in the amount of $8,395.00.

•                     Andres Marrero Solivan and Carmen A. Cruz in the amount of $10,000.00.

•                     Maryruth Rodrigues De Miranda in the amount $$6,940.00.

•                     Bonnie B. Valliere in the amount of $5,000.00.

 

The recipients received either a second mortgage loan or a rehabilitation deferred payment loan from the County, both of which funded through the State Housing Initiatives Partnership Program (SHIP) and given to qualified homebuyers at zero percent interest.

 

The Housing Authority has received checks to pay off each loan in full, payable to Hernando County for a total amount of $244,208.54.  The checks have been sent to the Finance Department for deposit.  The checks represent the full payoff.

 

FINANCIAL IMPACT

Revenue in the amount of $244,208.54 to Fund #1271.

 

LEGAL NOTE

The Board has the authority to act on this matter pursuant to Section 420.907, et seq., and Chapter 125, Florida Statutes.

 

recommendation

RECOMMENDATION

It is recommended that the Board approve and authorize the Chairperson’s signature on the attached satisfactions of mortgages.