PAGE 4 December 5, 2007
The Newscaster/Nature Coast News
Real Estate Today
Resurfacing of U.S.19 at Inglis Begins
The resurfacing of a 10-mile section
tion of U.S. 19 and C.R. 40.
A Guest Commentary by Darryl Diamond
of U.S. 19 between the Withlacoochee River
Adding new pedestrian signals with a
Bridge in Inglis and the Ten Mile Creek Bridge
crossing countdown display.
For you prospective investor types, a short sale is a type of pre-
near Lebanon Station is scheduled to begin
Motorists should expect daytime
foreclosure. When a home owner is 3 or more months behind in their mortgage,
Monday, December 10, announced the Florida
lane closures beginning January 2 when crews
sometimes you can buy that property from the lending institution before they
Department of Transportation (FDOT) Public
begin resurfacing the roadway and replacing
give it to the lawyers to complete a formal foreclosure proceeding.
the guardrail on the Withlacoochee
You first have to get that home owner to give you written permission
D.A.B. Constructors, Inc., of Inglis has
Bridge. Law enforcement officers will direct
to act on their behalf. This needs to be in writing with their name, your name,
been hired by the FDOT to complete the $6.5
traffic through the intersection of U.S. 19 and
and their account number on the letter of permission. It ends up being a type of "power of
million project. Work will include:
C.R. 40 while the signals are replaced. All work
attorney" for you to act on behalf of that specific owner on that specific property. You contact
- Removing and replacing the existing pave-
will be suspended through the Christmas and
the bank official usually referred to as the REO (real estate owned) manager and negotiate a
New Year's holidays. Access to all busi-
price that the bank will accept.
Replacing or extending existing drain-
nesses and residences will be maintained
The beautiful thing is that you are aware that the bank may have many of these
age pipes to meet current standards.
properties already in their foreclosure (REO) portfolio, and do not wish to have any more.
Adding drainage pipes under drive-
The project is expected to be com-
They do not want this property, so many times they will take less than the amount owed, also
ways and side roads.
plete by Fall 2008, barring any delays caused
called the pay off amount. When there is a foreclosure, the bank has to utilize the services of
Adding wheelchair accessible ramps on
by bad weather such as extremely cold tem-
a lawyer which results in the bank having this property in limbo for several months, and ends
the sidewalk at the intersection of U.S. 19 and
peratures or rain.
up with legal fees that add to the total debt. You are also helping the home owner in avoiding
County Road 40.
This area of roadway was last resur-
a foreclosure on their record.
Replacing existing guardrail on the
faced in 1974. Between 8,200 and 9,000 ve-
These are some of several reasons why many banks will sell a pre-foreclosure home
Withlacoochee River Bridge.
hicles travel on this stretch of U.S. 19 daily.
for less than what is owed. Is this a great time for investors to buy? You bet, and I have had fun
Paving entrances to side streets and
For additional information regarding
handing these foreclosures, and pre-foreclosures for over 15 years. If you want to start
this project, contact the FDOT Office at 800-
investing in these little gems, a free list of of foreclosures, and pre-foreclosures are available
Upgrading the signals at the intersec-
at my office. And it gets better, for you newbies to the investment arena, I have a mortgage
company that works with me, and they will do most of the running around for you, most of the
negotiating for you, and get you your financing at the same time.
If you wish to get into investing, and making excellent money, I will be happy to help
you in any way I can. I'll see you around "The Campus". Darryl and Vicki Diamond and the
entire "Diamond Team" are available 7 days a week for all of your professional real estate
needs. Please call us at 352-447-4442.
Tank Replacement at Inglis
Convenience Store Hits a Setback
By Sally Price, Newscaster Correspondent
glass outside covering.
What seemed like an endless project
There is a vacuum between the two
that finally looked close to finish, just got ex-
tanks. When that vacuum is breached, test-
tended for the local Kangaroo Station on the
ing is required. Lyncker said there is no leak
corner of Hwy 19 & Hwy 40 W. The new tanks
of fuel, but that a hairpin leak in the fiberglass
were installed, the concrete finished up and
outer coating makes it necessary to find and
start up was near when something went wrong.
fix the problem.
The concrete had to be taken up next
The factory will certify the tank
to the tank and removal of the dirt on the west
when the problem is found and fixed. As of
side to inspect the tank and see what is wrong.
Monday, Lyncker said it has not been deter-
According to Supt. Link Lyncker of the
mined if it was a factory problem or some-
Coastal Petroleum Company who is the con-
thing with possibly a rock in installation but
tractor, the new installed tanks are double
he wanted to assure everyone there was no
Wondering what the white stakes are in the middle of Hwy 19? A crew from Inglis paving
walled, steel on the inner tank and a fiber-
leak (the DEP had been here).
company DAB are marking off measurements and surveys for a contract for the repaving of
Hwy 19 from the Withlacoochee Bridge to Lebanon Station. Photo by Sally Price
Hickory Island Lighthouse Lounge
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(352) 302-8556 cell
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