Page 4 August 4, 2010
The Newscaster/Nature Coast News
Real Estate Today
Squawk Box
Continued from page 1
buildings - free of charge to the agency. “We now need a licensed electrician and someone
Another Whopper from Washington
to clear the land,” said Toto, who stressed that the pantry has funding for the purchase of
A Guest Commentary by Darryl Diamond
needed matrials if anyone would like to donate their skills toward construction of the build-
meowners with reasonable prospects for re-
The President just signed “The
ings.
employment to help cover
Dodd-Frank Act” (HR 4173) which is a
When the new center is completed, the pantry plans to lease the Citrus County Dis-
mortgage payments while
2,300 page whopper of a bill. A Commen-
tribution Center, to “Feed Citrus County,” a 501(c)(3) organization which will supply food
unemployed. 10. This act
tary on the Harvard Law School Forum page
to over 46 agencies and churches.
mercilessly reverses the
states that “the act imposes significant new
Locating and storing food is a critical factor, with the closest food bank an hour-
damage done by congress
regulations on banks, and allows for the
and-a-half drive away. Finding new sources of food is a continuous challenge, and when
in May 2009 with their
first time for the Federal Reserve to regu-
unexpected sources of food are found - as frequently happens - storage becomes even more
lame brain “Home Valua-
late companies other than banks”. There are
critical.
tion Code of Conduct” bill. This controver-
many new, and far reaching regulations in
Some food sources are in different states, and semi-trucks are required to pick up
sial (HVCC) bill ended up prohibiting lend-
this act that will affect the entire financial
the donation, sometimes with as little as a one-day notice. The food pantry must then scram-
ers and mortgage brokers from picking an
industry. On the residential housing front,
ble to locate and rent an appropriate truck, find a driver, and assemble an unloading crew.
appraiser they may have already known and
the act does the following.
Other agencies are contacted to prepare for a same-day or next-day pick up. This means the
trusted. Almost everyone had to go through
1. The act establishes an “Office of
agencies must drop what they are doing and rush to make arrangements to pick up and store
appraisal management companies (AMC’s)
Housing Counseling” within HUD to boost
food, or else lose the opportunity.
for their appraisals which ended up costing
homeownership and rental housing coun-
Often, donations come with as many as 20 or more pallets of the same item, which
the borrower more money for this service.
seling. 2. The act puts renewed pressure on
may be dry, refrigerated or frozen. “Large donations stretch the storage space of the agencies
Along with the many foul-ups
institutions to ensure that borrowers can re-
to the maximum, and sometimes we do not have the space and must turn down the dona-
were appraisals being performed by compa-
pay the loans that they are sold. 3. Prohibits
tion,” said Toto. With the new, centralized food distribution center and food pantry, these
nies many miles away from the subject us-
pre payment penalties. 4. Prohibits financial
problems will be eliminated, and no large donations will be ever be turned down due to lack
ing only computer information, resulting in
incentives for sub prime loans. 5. The act
of storage capacity.
many appraisers not ever going to the prop-
dictates that lenders must disclose the maxi-
If you are able to make a donation, help apply for a grant, or fund a matching gift
erty which lead to some “non curable de-
mum a consumer could end up paying on
challenge, your help will be greatly appreciated. Your donations are tax deductible. The We
fects” not being mentioned in the appraisal.
a variable rate mortgage. 6. The act allows
Care Food Pantry is a 501(c)(3) organization and is made up of volunteers and has no paid
If a sewer plant is next to one of
consumers free access to their credit score,
employees.
the comparable properties the value of the
if their score negatively affects them in a
PLEASE SEND DONATIONS TO: We Care Food Pantry - P.O. Box 331 - Homo-
subject property could be off by thousands.
financial transaction, or in any hiring deci-
sassa, FL 34487. Call the pantry at 352-628-9333 or send an email to info@wecarefoodpan-
Anyway the new act will once again allow
sion. 7. The act goes on to explain that lend-
try.org
Fannie Mae and Freddie Mac to accept an
ers and mortgage brokers who don’t comply
appraisal report completed by a licensed ap-
with the new standards could be held ac-
Realty
praiser selected by a mortgage loan origina-
countable by consumers for as much as three
tor.
years of interest payments, and damages,
Your Real Estate Analyst is Darryl
Sally Price, Realtor
plus attorney’s fees. 8. Provides $1 billion
19 Hwy 40 W.
Diamond of Diamond Investments Inc.352-
in aid to states, and cities to combat the fall-
(352) 302-8556 cell
Inglis
447-4442. I have a free list of over 50 Na-
ing property values and increased crime that
CYPRESS LOG HOME 2 STORY 8.66 ACRES REDUCED TO $359,000
ture Coast area Foreclosures available for
impacted some neighborhoods as a result of
both investors, and owner occupant buyers.
the foreclosure crisis. 9. Provides $1 Billion
AWESOME 2006 CYPRESS LOG HOME 3/2.5,se-
I’ll see you around “The Campus”.
for bridge loans to qualified unemployed ho-
cluded 8.66 ac Custom designed & built. Fire-
place to cathedral ceiling,open large loft,cypress
Coastal
Hair Port
post rails,slate floors,33'round pool,wrap around
porch,dual fuel kitchen,marble counters,generator
at Plaza 40
ready,instant propane water heater,2 out buildings
Carting
Shopping Center
with power,under ground utilities,pond,creek,wildlife
abounds.Room for animals. Backs up to 1500 ac ex-
10-20-30 yd.
Hwy. 40E, Inglis
otic wildlife preserve. 4789 sq ft under roof. Great
DUMPSTERS
for
sportsman,equestrian,survivalist,farmer,large
352-212-0405
family or corporate retreat.
Call for Appointment
Contractors/Homeowners
Walk-Ins Welcome
Construction Debris
NATURE COAST WATER, INC.
Big John
Yard Waste - Junk
Demolition Debris
Where Customer Service is our Priority
Open 7 Days
Owned & Operated by the Vorisek Family
Toll Free: 1-888-610-4947 Local: 352-447-6002
Family Salon for
Enhance your Health
REMOVE Iron, Sulfur,
Men • Women • Kids
SERVICE
with Reverse Osmosis
Chlorine,Hardness
Perms, Hi-Lites & Color
Drinking Water &
Bacteria, Tannin,
FAMILY Owned & Operated
Starting at $45
Whole House Systems RENTALS
Odor & Cyanide
Licensed & Insured
Womens Cuts - $12
352-465-5020
Clipper Cuts - $8
Financing Available • 12 Months Same as Cash • FREE Water Analysis
Sugar Mill Liquor
Captains Cove Outfitters
Lisa VanDeBoe
39 W. Highway 40 - Inglis, Florida
Next to the Pinch-A-Penny store
Broker/Owner
(352) 447-5610, 283-0492 or 283-0493
352-634-0129
north of the Crystal River Mall
www.CaptainsCoveOutfitters.com
See all the listings in Citrus County on our Website
www.plantationrealtyinc.com
Kayak Sales & Rentals
2351 N.W. Hwy. 19-B Crystal River, Florida
email: lisavandeboe@yahoo.com
Authorized Heritage Kayak Dealer
ICE - 8 Lbs. only 794 (352) 563-1891
Investors wanted for 37 acre
ACA-Certified Kayak Instruction • Tours
waterfront parcel near power plant
Shop local, we’re close to your neighborhood
High-Quality New Tackle • Bait • Ice
Lotto • Wine • Beer • Soda • Milk • Ice • Cigarettes
Call toll free at 1-866-795-0784
22 lbs. of ICE FREE w/purchase of 100 Shrimp!