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Satisfaction of Second Mortgage for Christina DeRose Through State Housing Initiative Partnership Homeownership Down Payment Assistance Program
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BRIEF OVERVIEW
The recipient below received a second mortgage loan funded through Hernando County’s State Housing Initiatives Partnership (SHIP) Program for purchase assistance. Payment was received for the loan, and a Satisfaction of Mortgage is presented for Board approval:
• Christina DeRose - 13188 Delbarton St., Spring Hill - in the amount of $14,940
Funds in the amount of $10.00 were also collected to pay for the costs of recording.
STRATEGIC PLAN INITIATIVES
N/A
FINANCIAL IMPACT
Revenue in the amount of $14,940 to:
Revenue:
Fund: State Housing Initiatives Partnership - B133, Department: Health & Human Services - 150, Account: Miscellaneous Revenue Other 369900
Expenses in the amount of $10.00 to satisfy the cost of recording to:
Expense:
Fund: State Housing Initiatives Partnership - B133, Department: Health & Human Services - 150, Account: Accounts Payable 202000
LEGAL NOTE
The Board has authority to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached Satisfaction of Mortgage.