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Grants can catch county in their ‘strings’

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By Lou Elliott Jones, Editor

It’s a story right off the national news: Homeowners fighting to prevent foreclosure on their property ask a lender to produce the original promissory note in legal proceedings.

But in Levy County, it is the estate of Kathryn F. Causey, an accountant who died in January 2008, that is trying to stave off foreclosure by having the lender produce the promissory note.

The property parcel No. 00393-000-00 at 12421 State Road 24 in Cedar Key is a frame home built in 1930 that consists of two rooms and an unfinished screen porch, according to the appraiser’s office records. The County Property Appraiser’s Office sets a just market value of $118,242 on the building and property.

In 2005, the Levy County Clerk of Courts recorded a mortgage for Kathryn F. Causey of Cedar Key for $184,000 in book 981, page 552, for parcel No. 00393-000-00. The mortgage company was listed as Wells Fargo.

In 2007, Causey had an electronic mortgage registration for $217,500 recorded at the clerk’s office in Book 1058, page 674, for parcel No. 00393-000-00. The company was listed as New Century Mortgage Corporation.


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