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A RESOLUTION APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A SATISFACTION OF MORTGAGE PERTAINING TO A FIRST TIME HOMEBUYER LOAN GIVEN BY THE CITY OF POMPANO BEACH TO SHELBI L. GOSIER, A SINGLE WOMAN; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: N/A)
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(Staff Contact: Miriam Carrillo)
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Summary Explanation/Background:
This Resolution authorizes execution for reasons of hardship the attached Satisfaction of Mortgage securing $40,000 in HOME First Time Homebuyer funds loaned to Shelbi L. Gosier in 2014. The City will be paid $10,000 to satisfy its lien. The property is under short sale contract for $120,000.00.
Origin of request for this action: Office of Housing and Urban Improvement
Fiscal impact and source of funding: HOME Program
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