My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
CA DEPT HOUSING & C.D. 2 - 2004
Clerk
>
Contracts / Agreements
>
C
>
CALIFORNIA, STATE OF
>
CA DEPT HOUSING & C.D. 2 - 2004
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/3/2012 3:15:37 PM
Creation date
9/2/2005 4:18:38 PM
Metadata
Fields
Template:
Contracts
Company Name
State of California Department of Housing & Community Development
Contract #
A-2004-276A
Agency
Community Development
Council Approval Date
9/7/2004
Expiration Date
4/27/2025
Destruction Year
2030
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
22
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />" <br /> <br />CITY OF SANTA ANA <br />CALHOME OWNER OCCUPIED REHABILITATION <br />LOAN SERVICING PLAN <br /> <br />I. Introduction <br />The Housing and Neighborhood Development Division of the City of Santa Ana <br />will maintain loan servicing/managing capabilities and procedures that meet all <br />requirements of the CaIHome Program (the "Program"). All loan servicing <br />activities will be carried out by City staff or by AmeriNational Corporation acting <br />under contract to the City of Santa Ana. Servicing fees for work performed by <br />AmeriNational will be paid for out of existing accounts. <br /> <br />II. Transfer of Loans from Underwriting to Loan Servicing <br />A. Underwriting wilI be carried out by AmeriNational Corporation in <br />accordance with the requirements of the Program. Files will be organized <br />and maintained in accordance with the Division's existing procedures, and <br />will include, at a minimum, the following items: <br />I. Notice of completion of work executed by the owner and the <br />responsible Rehabilitation Construction Specialist; <br />2. Copy of a complete set of executed loan documents including the <br />loan agreement, registration form and promissory note; <br />3. Copy of escrow instructions and amendments, if applicable; <br />4. Certified copy of Settlement Statement from escrow; <br />5. Evidence of coverage for hazard, and if applicable, flood <br />insurance; and <br />6. All other underwriting documents. <br />B. The registration form and promissory note will be secured in the <br />Division's locked, fireproof file cabinet. <br /> <br />III. Impound Accounts <br />The Division does not anticipate the creation of impound accounts. <br /> <br />IV. Propertv Taxes. Assessments. Registration Fees. As Applicable <br />A. The Housing Division does not anticipate making loans to mobile <br />homeowners who own the lot on which their home is located. Were it to <br />do so, it would establish and maintain an impound account for the <br />payment of property taxes through AmeriNational Corporation. <br />B. The Division will use the California Department of Housing and <br />Community Development's website to determine if owners are paying <br />registration fees in a timely manner. Owners who fail to do so will be <br />contacted by Division staff. <br /> <br />V. Hazard Insurance <br />A. The Division will require that the City be added as an additional <br />mortgagee for hazard and, if applicable flood insurance policies. <br /> <br />Page I of 3 <br />
The URL can be used to link to this page
Your browser does not support the video tag.