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Council questions documentation on decades‑old HOME mortgages before approving discharges and subordination
Summary
City staff brought several resolutions to discharge or subordinate HOME program mortgages on properties; council members pressed staff for documentary proof after one case from 2015 lacks full closing records and the council declined to endorse certainty without further verification.
JERSEY CITY — The Division of Community Development asked the municipal council to authorize several routine mortgage actions arising from the city’s HOME and CDBG programs, but council members pressed staff for more documentary verification before approving discharge and related actions for old transactions.
Brian Rans, representing the Division of Community Development, presented multiple items including a request to discharge a 1993 HOME mortgage encumbering 425–427 Pacific Avenue after a payoff calculation of $64,153.50, and a separate request that…
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