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Amended Satisfaction of Mortgage for Robert Stephens a/k/a Floyd Richard Stephens and Eileen Stephens Through Neighborhood Stabilization Program Purchase Assistance Program
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BRIEF OVERVIEW
Attached is an Amended Satisfaction of Mortgage for a loan granted through the Neighborhood Stabilization Purchase Assistance Program to Robert Stephens a/k/a Floyd Richard Stephens and Eileen Stephens, in the amount of $41,721.00 dated February 3, 2010.
On March 11, 2025, the BOCC approved a satisfaction of mortgage for Robert and Eileen Stephens in the amount of $39,633.00. However, it has come to light since then that two corrective second mortgages were also recorded regarding this particular loan.
The first corrective second mortgage changed the name of the husband from Robert Stephens to Floyd Richard Stephens. The second corrective second mortgage changed the amount of the loan from $39,663.00 to $41,721.00.
The amended satisfaction of mortgage explains the chain of events and that the initial second mortgage and the two corrective second mortgages are one and the same loan.
FINANCIAL IMPACT
None.
LEGAL NOTE
The Board has the 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 Amended Satisfaction of Mortgage.