[Year-Round Housing Committee] Fw: mortgages in future obtainable?

[Mlongreene2 at aol.com]

Chris,   The bank loan will run the length of the house  loan and is not 
connected time wise to the lease.  If the house must be  sold for whatever reason, 
 I envision that the YRHC and/or Town will  have first option and offer it to 
those on the waiting list.  If no one is  interested other options would be 
to rent it until it could be resold or if  there is no need for it any longer 
(which seems unlikely) the Town and/or YRHC  could sell it and the land for 
full market value.     Mark 



************************************** See what's free at http://www.aol.com.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://townoflongisland.us/pipermail/housingcommittee_townoflongisland.us/attachments/20070404/3bc11342/attachment.html>