SUBJECT:
Title
Request Approval of a Fourth Modification Agreement Between Marion County and Willie Mae Scott and Calvosia Lamar Bradley (Budget Impact - None)
Body
|
INITIATOR: |
DEPARTMENT: |
|
Cheryl Martin, Director |
Community Services |
DESCRIPTION/BACKGROUND:
On February 15, 2002, Community Services assisted Willie Mae Scott with State Housing Initiatives Partnership (SHIP) Housing Program funds. Ms. Scott was approved for a home replacement in the amount of $66,427.28 with the original Mortgage and Promissory Note recorded with the Marion County Clerk of Court on February 20, 2002.
Throughout the years additional modifications have been made on behalf of the homeowner. Staff identified that Ms. Scott passed away and realized that her son Mr. Calvosia Lamar Bradley was awarded the home through the probate process. Therefore, this modification allows her son, to assume all rights and duties of the Borrower and resumes monthly mortgage payments to the County for the remaining loan terms.
Staff has communicated with Mr. Bradley and recommends approval of the modification.
BUDGET/IMPACT:
None
RECOMMENDED ACTION:
Recommended action
Motion to approve and authorize the Chairman and Clerk to execute the Mortgage Modification between Marion County and Calvosia Lamar Bradley, son of Willie Mae Scott and all necessary documentation associated with the Marion County SHIP Housing Program Funds.
end