Title
Assumption of a Housing Rehabilitation Loan for 4418 Wilmington Road Garner, NC
Recommended Action
That the Board of Commissioners:
1. Approves either the execution of a new Deed of Trust and Promissory Note or a modification of an existing loan with the current loan balance to allow heirs Linda Bass, Deborah Bass and Melvin Johnson, Jr., to assume the loan for the property located at 4418 Wilmington Road Garner, NC subject to terms and conditions acceptable to the County Attorney: and
2. Approves the cancellation of the previous Deed of Trust and Promissory Note on this property to which Wake County is a beneficiary, if applicable.