Agenda 11/13/2012 Item #16D 211/13/2012 Item 16.D.2.
EXECUTIVE SUMMARY
Recommendation to approve three (3) satisfaction of mortgages for State Housing Initiatives
Partnership Program (SHIP) in accordance with the Board's Short Sale Policy.
OBJECTIVE: Approve and authorize the Chairman to sign three (3) satisfaction of mortgages.
CONSIDERATIONS: The State Housing Initiatives Partnership Program (SHIP), a state affordable
housing grant, offers assistance to first time homebuyers for use toward a portion of the required down
payment and emergency repairs to the newly acquired home. As a condition of award, the homeowner
must repay the assistance provided upon sale, refinance or loss of homestead exemption.
On February 28, 2012, Agenda Item 16.D.7, the Board of County Commissioners approved a Short Sale
Policy for the SHIP program. The Short Sale Policy provides forgiveness of down payment assistance in
the amount of 6% of the Collier County loan amount or $6,000.00 (whichever is less) in an effort to
facilitate a Short Sale. The recipient, as the seller of the property, must not receive funds from the short
sale.
The following table contains relevant details. The recipient will not receive funds from the short sale.
Recipient Name
Security Instrument
Payoff Amount
Public Record
Sybil John a/k/a Sybil A.
SHIP Second Mortgage
$1,350.00 (6% of
OR Book: 4288,
Cherian
$22,500.00
second mortgage)
PG: 0271
Peter Hartman, Jr.
SHIP Second Mortgage
$1,440.00(6% of
OR Book: 4388,
$23,998.50
second mortgage)
PG: 0106
Jose Nolasco
SHIP Second Mortgage
$1,259.11 (6% of
OR Book: 4271,
$20,985.00
second mortgage)
PG: 0939
Approval of this item will authorize the Chairman to sign the aforementioned satisfaction of mortgage for
recording in the Public Records of Collier County, Florida.
FISCAL IMPACT: SHIP funds in the amount of $4,049.11 have been repaid and are considered
program income. Such funds may be reused for eligible SHIP program activities. The thirty $30.00
dollars ($10.00 each) recording fee will be paid by each recipient.
LEGAL CONSIDERATIONS: This item is legally sufficient and requires a majority vote for Board
action. —JBW
GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this
Executive Summary.
RECOMMENDATION: Approve and authorize the Chairman to sign three (3) satisfaction of mortgage
for owner - occupied affordable housing unit that has satisfied the terms of the Short Sale Policy.
Prepared By: Kimberley Grant, Interim Director, Housing, Human and Veteran Services
Packet Page -2075-
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.D.2.
11/13/2012 Item 16.D.2.
Item Summary: Recommendation to approve three (3) satisfaction of mortgages for State
Housing Initiatives Partnership Program (SHIP) in accordance with the Board's Short Sale Policy.
Meeting Date: 11/13/2012
Prepared By
Name: CarrLisa
Title: SHIP Program Coordinator
10/17/2012 9:33:00 AM
Submitted by
Title: SHIP Program Coordinator
Name: CarrLisa
10/17/2012 9:33:01 AM
Approved By
Name: AlonsoHailey
Title: Operations Analyst, Public Service Division
Date: 10/18/2012 3:57:05 PM
Name: GrantKimberley
Title: Interim Director, HHVS
Date: 10/23/2012 11:04:14 AM
Name: WhiteJennifer
Title: Assistant County Attomey,County Attorney
Date: 10/23/2012 3:39:31 PM
Name: CarnellSteve
Title: Director - Purchasing /General Services,Purchasing
Date: 10/25/2012 10:20:21 AM
Name: StanleyTherese
Packet Page -2076-
Title: Management/Budget Analyst, Senior,Office of Manage
Date: 10/25/2012 3:38:04 PM
Name: KlatzkowJeff
Title: County Attorney
Date: 10/26/2012 2:34:24 PM
Name: LarsenKathleen
Date: 10/31/2012 2:44:29 PM
Name: PryorCheryl
Title: Management/ Budget Analyst, Senior,Office of Manag
Date: 11/5/2012 8:39:57 AM
Name: KlatzkowJeff
Title: County Attorney
Date: 11/5/2012 10:09:31 AM
Name: OchsLeo
Title: County Manager
Date: 11/5/2012 10:23:16 AM
Packet Page -2077-
11/13/2012 Item 16.D.2.
11/13/2012 Item 16.D.2.
Prepared by: Lisa N. Can
Collier County
Housing, Human & Veteran Services
3339 E. Tamiami Trail
Naples, FL 34112
THIS SPACE FOR RECORDING
SATISFACTION OF MORTGAGE
KNOW ALL MEN BY THESE PRESENTS: That COLLIER COUNTY, whose post office address is
3299 E TAMIAMI TRAIL, NAPLES, FLORIDA 34112, the owner(s) and holder(s) of a certain
Mortgage executed by Sybil John aWa Sybil A. Cherian to COLLIER COUNTY, bearing the date of
September 19, 2007, recorded October 3, 2007, in Official Records Book 4288 Page 0271, of the
Public Records of Collier County, Florida, securing a principal sum of $22,500.00 and certain promises
and obligations set forth in said Mortgage, upon the property situated in said State and County as more
fully described in said Mortgage.
COLLIER COUNTY hereby acknowledges payment and satisfaction of said Mortgage, in accordance
with Collier County Short Sale Policy, approved by the Board of County Commissioners on February 28,
2012, Agenda Item 16. D. 7, and surrenders the same as cancelled, and hereby directs the Clerk of said
Circuit Court to cancel the same of record.
Dated this day of , 2012.
ATTEST:
BOARD OF COUNTY COMMISSIONERS
DWIGHT E. BROCK, Clerk COLLIER COUNTY, FLORIDA
LIM
, Deputy Clerk
Approved as to form and
legal sufficiency:
Jennifer White
Assistant County Attorney
FRED W. COYLE, CHAIRMAN
Packet Page -2078-
Prepared by: Lisa N. Carr
Collier County
Housing, Human & Veteran Services
3339 E. Tamiami Trail
Naples, FL 34112
11/13/2012 Item 16.D.2.
THIS SPACE FOR RECORDING
SATISFACTION OF MORTGAGE
KNOW ALL MEN BY THESE PRESENTS: That COLLIER COUNTY, whose post office address is
3299 E TAKE AAH TRAIL, NAPLES, FLORIDA 34112, the owner(s) and holder(s) of a certain
Mortgage executed by Peter Hartman. Jr. to COLLIER COUNTY, bearing the date of June 30, 2008
recorded Auzvst 22, 2008 in Official Records Book 4388 Page 0106, of the Public Records of Collier
County, Florida, securing a principal sum of $23,998.50 and certain promises and obligations set forth in
said Mortgage, upon the property situated in said State and County as more .fully described in said
Mortgage.
COLLIER COUNTY hereby acknowledges payment and satisfaction of said Mortgage, in accordance
with Collier County Short Sale Policy, approved by the Board of County Commissioners on February 28,
2012, Agenda Item 16. D. 7, and surrenders the same as cancelled, and hereby directs the Clerk of said
Circuit Court to cancel the same of record.
Dated this
ATTEST:
day of .2012.
DWIGHT E. BROCK, Clerk
:
, Deputy Clerk
Approved as to form and
legal sufficiency:
� -f3v)') "
Jennii White
Assistant County Attorney
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY, FLORIDA
In
FRED W. COYLE, CHAIRMAN
Packet Page -2079-
11/13/2012 Item 16.D.2.
Prepared by: Lisa N. Carr
Collier County
Housing, Human & Veteran Services
3339 E. Tamiami Trail
Naples, FL 34112
THIS SPACE FOR RECORDING
SATISFACTION OF MORTGAGE
KNOW ALL MEN BY THESE PRESENTS: That COLLIER COUNTY, whose post office address is
3299 E TAMIAM TRAIL, NAPLES, FLORIDA 34112, the owner(s) and holder(s) of a certain
Mortgage executed by Jose Nolasco. to COLLIER COUNTY, bearing the date of July 20, 2007 recorded
Aueust 16, 2007 in Official Records Book 4271 Page 0939, of the Public Records of Collier County,
Florida, securing a principal sum of 20S .985.00 and certain promises and obligations set forth in said
Mortgage, upon the property situated in said State and County as more fully described in said Mortgage.
COLLIER COUNTY hereby acknowledges payment and satisfaction of said Mortgage, in accordance
with Collier County Short Sale Policy, approved by the Board of County Commissioners on February 28,
2012, Agenda Item 16. D. 7, and surrenders the same as cancelled, and hereby directs the Clerk of said
Circuit Court to cancel the same of record.
Dated this day of , 2012.
ATTEST:
BOARD OF COUNTY COMMISSIONERS
DWIGHT E. BROCK, Clerk COLLIER COUNTY, FLORIDA
Approved as to form and
legal sufficiency:
Jennif White
Assistant County Attorney
By:
Deputy Clerk FRED W. COYLE, CHAIRMAN
Packet Page -2080-
11/13/2012 Item 16.D.2.
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