The home owner obtained a loan from Rowan County as part of our rehabilitation program back in 2016 in the amount of $12,100. the general term was that she not sell the property within 8 years. The home owner passed in 2019 and based on her date of death, without an approved transfer to a family member, the loan payoff was $7,562.50. This amount was paid to the County in November of 2022 upon the sale of the home.
Therefore, it is the opinion of the County Attorney that the County should file the Satisfaction and cancel the deed of trust because the terms have been met and the debt has been paid in full.
Motion to approve the attached Satisfaction form and authorize the Finance Director to sign the Satisfaction.
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