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County Attorney's Report 11. 1.

BCC Regular Meeting

Information

Meeting Date:	07/18/2017
Issue: Regions Bank D/B/A Regions Mortgage v. The Unknown Heirs, Grantees, Devisees, Lienors, Trustees and Creditors of Angie S. Rogers, Deceased, et al.
From:	Kristin Hual
Department:	County Attorney's Office
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Regions Bank D/B/A Regions Mortgage v. The Unknown Heirs, Grantees, Devisees, Lienors, Trustees and Creditors of Angie S. Rogers, Deceased, et al; Case No.: 2015 CA 002123

That the Board accept the following information in the matter of Regions Bank D/B/A Regions Mortgage v. The Unknown Heirs, Grantees, Devisees, Lienors, Trustees and Creditors of Angie S. Rogers, Deceased, et al:

Escambia County was previously joined as a Defendant in the above referenced foreclosure action involving certain real property owned by Angie S. Rogers. The County retained an interest in the property by virtue of a Neighborhood Stabilization Program (NSP) Mortgage and Security Agreement in the sum of $50,000.00. The County’s interest was subordinate to the Plaintiff’s mortgage interest. Following the entry of final judgment and the sale of the subject property, a surplus was retained by the Clerk. Upon the County’s Motion for Disbursement of Surplus, the County recovered the surplus funds held in the court’s registry totaling $10,824.62 as partial satisfaction of the County’s interest.

BACKGROUND:

N/A

BUDGETARY IMPACT:

The funds will be deposited in the Escambia Affordable Housing Fund.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

N/A

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