Approval of Mortgage Modification for Home Rehabilitation Loan

Original title: MOTION TO APPROVE Mortgage and Note Modification Agreement regarding the home rehabilitation Mortgage and Note (“Original Mortgage and Note”) executed by John Carl Fineo (“Maker”) in substantially the form attached as Exhibit 1; to add Maker’s spouse as an additional mortgagor and maker to the Original Mortgage and Note; authorize the County Administrator to execute the Mortgage and Note Modification Agreement with any required modifications, provided such modifications do not impose any additional material financial risk on the County, and subject to review and approval as to legal sufficiency by the Office of the County Attorney, and to authorize the County Administrator to take the necessary administrative and budgetary actions. (Commission District 2)

Record date · December 9, 2025

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Public stanceCommunity reactions are separate from the official record and reporting.

What This Bill Does

The County is considering a motion to modify an existing home rehabilitation mortgage agreement for John Carl Fineo. The modification would add the borrower's spouse as a co-signer to the original loan agreement.

Why it matters

This action updates the legal obligations for a specific home rehabilitation loan, making the borrower's spouse equally responsible for the debt under the original terms.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

John Carl Fineo

The borrower's existing mortgage agreement is being modified to include a spouse.

Directly affected

Spouse of John Carl Fineo

The spouse is being added as an additional mortgagor and maker on the loan.

Directly affected

County Government

The County is updating the legal terms of a rehabilitation loan it holds.

Key Facts

The motion approves a modification to an existing home rehabilitation mortgage and note.
The primary change is the addition of the borrower's spouse as an additional mortgagor and maker.
The County Administrator is authorized to sign the modification agreement.
Modifications are permitted only if they do not impose additional material financial risk on the County.

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The agreement is subject to legal review and approval by the Office of the County Attorney.
The County Administrator is authorized to perform necessary administrative and budgetary actions to finalize the change.
The item is categorized as a Consent Item under the Housing and Urban Planning Division.