Travis County Commissioners Court
December 13, 2011 (Agenda)
Travis County Housing Finance Corporation
>> good afternoon.
let's call to order the Travis County housing finance corporation.
one item, consider and take appropriate action to authorize a release of lien and a payoff statement for a first-time home buyer that received a loan executed in March of 2007.
miss rio, have you been promoted?
>> good afternoon, jessica rio, as you know, andrea is in san antonio and I'm stepping in for her.
basically this is in regards to a short sale.
this is a first-time home buyer that is going to have to scoot a short sale and is requiring this documentation.
I believe andrea sent you an email on the 8th with a little more information.
happy to answer any questions and we would recommend approval.
>> I would move approval, judge.
I think her email answered the questions, there wasn't anything extraordinary about it, just straightforward.
>> did the email of September 8 contain the same information as the letter of December 13?
>> it did contain basically the same information with regard to the $10,000 that we assisted with in downpayment assistance with two forgivable loans.
and it might have gone into a little greater detail, but it was basically the same information.
>> okay.
discussion on the motion?
seconded by Commissioner Huber.
>> so we are getting -- getting repayment that's 2500 of the 10,000?
there was two loans.
the first one was for 8,000 payable to the Texas department of housing and community affairs.
they received, as I understand it, the 2500.
the second was for 2,000 and there will not be repayment of that.
>> okay.
>> so we get zero.
>> yes, sir.
>> but mr. Blunt seemed to think legally we can do it and it makes sense.
>> that is correct.
>> and in the grand scheme much things, it just means $2,000 less in our rotating funds to provide this assistance to folks.
>> that is the way I will understand it, but I will get andrea to confirm that.
>> any more discussion?
all in favor?
that passes by unanimous vote.
>> move we adjourn.
>> second.
>> all in favor?
that carries unanimously also.
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