Title
Assumption of a Housing Rehabilitation Loan for 600 Industrial Drive in Wendell, NC
Recommended Action
That the Board of Commissioners:
1. Approves the cancellation of the previous Deed of Trust and Promissory Note on 600 Industrial Drive to which Wake County is a beneficiary, and;
2. Approves the execution of a new Deed of Trust and Promissory Note with the current loan balance to allow Deshaun Sellers to assume the loan for property located at 600 Industrial Drive, Wendell, NC subject to terms and conditions acceptable to the County Attorney.