[StBernard] Craig

[Westley Annis]

Wrenchturner,
 
Please forgive me, but I do not understand what forgivable loan program you
are referring.  If you are referring to the LRA grant, I am not aware of any
aspect of the program that allows you to top 150K.  Sorry about the lack of
insight on this question.  If there is other information that would help me
help you, please send it to me.
 
Good luck and God Bless,
Craig 
 
 
-----Original Message-----
I am a resident of St. Bernard Parish. I recently applied for the program
and was found to qualified for funds and the forgivable loan program. My
home appraised for $128,000. I received $100,781 from both homeowners and
flood. Recently I was offered more money for my property than the LRA will
pay for my property- I was offered $41,000 and would only qualify for at the
most $27,500 if the property was found to appraise the same. Because I would
like to relocate within Louisiana, can I still qualify for the forgivable
loan? I can't see me being penalized for saving money from the program and
allowing me the ability to have more purchasing power on the real estate
market. Can someone explain why I would be put in a holding pattern if I
sold to anyone other than the LRA and the reasoning behind it? Isn't going
forward the key?

Wrenchturner