HomeMy WebLinkAbout2006-07-13 Correspondence_1450 Jasmine Place_Muguira L,
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Fidell National. Title Com
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300 James Way,Suite/120,Pismo Beach,CA 93449
805 773-7499•FAX 805 773-7,489
ATTN: Kelly or Payoff Department DATE: July 13, 2006
City of Arroyo Grande ESCROW NO.: 06-311961-SK
214 East Branch Street LOCATE NO.: CAFNT0940-0940-0035-0000311961 -
Arroyo Grande; CA 93420 LOAN NO.:
BORROWER(S): Moyses Muguira and Elizabeth Muguira
PROPERTY ADDRESS:
1450 Jasmine Place, Arroyo Grande, CA 93420
We are processing an escrow covering the above-referenced property and loan number, more-particularly-described as: -
SEE EXHIBIT"A"ATTACHED HERETO AND MADE A PART HEREOF
This loan is to be paid in full through this escrow. Please forward your demand for payment in full.
Please forward your full reconveyance to this office for recordation through our escrow.
In order that we may service our principals in this escrow in an expeditious manner, we would appreciate your
cooperation in returning the requested information at your earliest convenience. Your attention to Section 2943 of the
California Civil Code, provides in part that:
1. The statement must be delivered within 21 days from receipt of the request or substantial forfeitures and possible
damages may be incurred.
2. The Escrow Holder is an "entitled person" and as such may request the statement.
In the event this loan is secured by a Deed of Trust allowing for advances of a credit line, please be advised that this
letter authorizes you to freeze the referenced credit line upon issuance of your demand. If you require further
authorization, please contact the undersigned immediately. Payment of your demand will eliminate any security
interest you have in the property in question. In order to avoid unsecured additional advances the account must
be frozen upon issuance of your demand. If you make any additional advances they will not be secured by the subject
property. We will be completing an escrow transaction involving a new owner or lender in reliance on the release of your
security interest in the property. Upon payment you will be obligated to issue a reconveyance of the deed of trust
securing the line of credit.
Your Deed of Trust recorded on 06-17-2005, Instrument#2005-049503 (attached).
Should you require any further information to process this request, please notify the undersigned immediately.
IF AVAILABLE, PLEASE FAX YOUR DEMAND TO 805 773-7489. Thank you for assisting us to comply with our
escrow instructions.
Sincerely,
**Copy of Approval Letter from Affordable
Housing program for new Buyer.
Stephani-/Schaefer/ Kim MacDonald
Branch Manager
805 773-7499
SK �11
Demand—Institutional(dmndl)(03-06)
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Escrow No.: 06-311961-SK
Locate No.: CAFNT0940-0940-0035-0000311961
Title No.: 06-311961-LM
EXHIBIT "A"
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF ARROYO GRANDE, COUNTY OF SAN LUIS
OBISPO, STATE OF CALIFORNIA AND IS DESCRIBED AS FOLLOWS:
Lot 15 of Tract No. 2505, in the City of Arroyo Grande, County of San Luis Obispo, State of California, according to map
recorded August 18, 2004 in Book 24, Pages 12, 13, 14, & 15 of Maps, in the office of the County Recorder of said
County.
Demand—Institutional(dmndl)(03-06)
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+1 s L Q 487 Leff Street Post.Office Box.1289 San Luis Obispo, CA 93406-1259
805 543-4478— Fax(805)5434992
Housing Authority of Executive Director-Secretary
the City of Carol Halley
San Luis Obispo
August 4,2006
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Todd&Sigrid Long
1243 Mill Street
San Luis Obispo CA 93401
Dear Mr. &Mrs. Long
We are sending this letter to congratulate yoti. Upon review of the documentation.:you provided, it
was,found that you meet the income requirement for the purchase of a home.through the city of
Arroyo Grande's affordable.housing program.Grande at Jasmine Place.
Enclosed is a copy of your certification.that Lias been forwardedto the City 9f Arroyo Grande. Thank
you for your cooperationin providing.all of:the necessary.docurnentationneeded to complete this
step. Many blessings to you and your family in your new Dome. Once again congratulations:
Sincer ly
p z�1 --fir
,Z'o a Torres _
I ousing Specialist . -
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�� San Luis Obispo County/City Affordable Housing Program
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i i QUALIFYING INFORMATION SL NLMARY SFIE ET
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fi llousing Authority(amt.City of i
San Luis Obispo
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`i, Apphc:ent Name: Todd Long Social Security No: 587-15-6545
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1 19 Source of projected annual income:
Cal Poly State University 54,336.00 }
Interest lrrcome:(Sesloc) 1,675.36
Applicant Name: Sigrid, LOii+g Social Security No: 427-47-5811
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r, Source of Projected income:
SLO Coastal Unified 4,047.00
Kennedy Club Fitness 1,976.00
YMCA 624.00
:'�:i:F`':' %:`Cys 'S ;i :.:c a�2`!€Si�;E:`; ;; (<?1"y:y�f.::`::a�:;s�•;'v::�;s:}
Pi:.ol e ki ?C _ossa_2 rrniiaiylriicorife:: . 6 5:8:-0,0
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Bedroom size applied for: .n Studio ❑ I Bdrm ❑ 2 Bdrm- 2 3.Bdrin .❑ 4 Bdrm. 5j{
ittl, Siz? ; Income Limit: $ 76,600 Ti Very LOW ❑ LO�VEEt TVIO ;lu fi
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Address: 1450 Jasmine Place,Arroyo Grande - Lot: 15
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t Developer. S&S Homes *** Approved Selling Price.S 318,646.00 *** '
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This applicant: <I1I;r ;lie�Uqualigin%Tiicolri ':Cirnrts
n Does not meet the qualifying Income Limits s
Ti' Other: Incomplete information--Additional information requested:(seebeloty)
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EAP
iri;s0t„ n Denied F Pending
Certified by: Zona Torres
U rrt-4 ,044-41.-----/1/1706 -%,--1.L..017
S' rature: Date Executive Director's =Signature
487 Leff Street—Post Office Box 1289—Sari Lois Obispo, CA 93406-1289
P (805)5434478.--Fax(805)543-4992 i
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