PAGE 4 August 5, 2009
The Newscaster/Nature Coast News
Real Estate Today
Homosassa Loses A Friend
Kenneth J. Dawson, 79, a part-time resident of Hommosassa and
A Guest Commentary by Darryl Diamond
the father of Joseph Dawson, owner of Jewels and Diamonds in Homo-
sassa, died Friday, July 10, 2009 at the Veteran s Hospital in Gainesville,
What the “Knuckleheads in Washington” need to know
Florida.
Mr. Dawson was born on November 22, 1929 in Hackensack,
Dear Washington “Boys” When we millions of buyers close on a
New Jersey and lived in many places throughout his life, including Secau-
home, we end up signing two important loan documents. One is a promis-
cus, Lakewood and Toms River, New Jersey; Tuscon, Arizona; Monroe,
sory note which is evidence of debt which we promise to pay back a cer-
New York; Floyd, Virginia; and Springhill, Homosassa and Wellborn,
tain amount of money. For this example we are signing a note borrowing
Florida.
two hundred thousand dollars. The second is a mortgage which is a pledge
Dawson served a tour in the U.S. Army, and the government extended his en-
of property for collateral. Both are recorded with the county clerk. The
listment. A U.S. Army veteran, he served in Korea, where he received numerous combat
note says essentially “If I do not pay, I do not stay“, and the mortgage further says that you
decorations. The “Chosin Reservoir” hero received a Combat Infantry Badge, Korean War
can take the house (Collateral) from me to pay the promissory note.
Service Medal and the Bronze Star Medal with three Bronze Battle Stars. He also received
However, what is not fully understood is the promissory note states that in the
the Korean Service Award, Japan Army of Occupation Award and National Defense Award.
event of a default by any borrower, the bank can obtain a deficiency judgment against the
Subsequently, Mr. Dawson received the Korean Students and Citizens for Korean War Vet-
borrower other assets and/ or impact their credit rating if the proceeds from a foreclosure
erans Award, the U.N. Korean Service Award with three Bronze Stars and the 1988 Nobel
sale were insufficient to pay off the loan (Note) balance and other charges.
Peace Medal and Wall Plaque.
Now let s say we do a short sale. The house is now worth one hundred thousand (I
Mr. Dawson was a Life Member of the Veterans of Foreign Wars (V.F.W.), “The
still owe two hundred thousand) and the bank accepts one hundred thousand from a buyer.
Chosin Few” (U.S. Army exclusive fraternity of honor), 7th Infantry Division Association,
Dear Washington Boys, As per this example, up to recently most banks are placing this
Korean War Veterans Chapter #267, Disabled American Veterans and American Legion Post
second one hundred thousand dollars (Foreclosure Deficiency) on the borrowers credit
#0348. He was also a member of the 31st Infantry Association, National Rifle Association
statement, essentially ruining their chance to start again.
and Elk s Post #1165.
If you guys are giving Hundreds of millions of dollars to the banks to pay the
Ken Dawson was a master mechanic and a celebrated champion race car driver. He
difference in the note and the foreclosure proceeds to accept the short sale, then it makes
was a member of ATQMRA 3/4 Midget Racing Association, American Driver s Racing As-
common sense to make these banks forgive the debt difference and release these borrowers
sociation (ARDC), United Racing Club (URC Sprint Car Racing Association), and an early
completely so they can borrow again.
NASCAR driver (1956/1957). Dawson was the ATQMRA 3/4 Midget Racing Association
It has been determined that it is not the borrowers fault that house values have
Champion and set numerous lap records that were never broken. He raced in dozens of
dropped so drastically, plus the banks are getting most of their money back through the
states and earned a huge base of fans. He enjoyed speed and had a private pilot license. He
“tarp” and other programs signed into law earlier this year. Please feel free to send a copy
flew many planes, but especially enjoyed seaplanes in his early adulthood.
of this article directly to the knuckleheads in Washington. Tell them you have been reading
Dawson enjoyed spending time with his family. He was preceeded in death by his
my articles for several years now, and I sound like I know what I am talking about. Maybe
loving wife of 59 years, Rose M. Dawson; his sister, Helen J. Roberts (Joan); and his young-
it will help.
er brother, Michael Dawson, a retired U.S. Air Force Master Sargeant. He is survived by his
Darryl Diamond is a long time licensed mortgage broker, and a concerned citizen
eldest son, Joseph, and Joseph s wife, Marlene, of Homosassa, Florida; and his youngest
that only wishes that our neighbors throughout the land get out from under their loan obliga-
son and care provider, Robert Dawson, of Wellborn, Florida; two estranged siblings and one
tions so they can somehow start sensible home ownership again. I ll see you around “The
stepson. He has numerous grandchildren and great-grandchildren.
Campus”
Mr. Dawson s Memorial Service was held at Silverton Memorial Funeral Home in
Toms River, New Jersey, on July 19. His Internment and Burial, with full lmilitary honors,
was held on Monday, July 20, at New Jersey National Cemetary, in Arneytown Military
Cemetery, in Bordentown, New Jersey. Ken Dawson will be thoroughly missed by his fam-
ily and countless friends
Citrus County gets stimulus money to replace buses
The Citrus County Transit Division has been awarded an American Recovery and
Reinvestment Act grant for $262,000 for purchase of capital equipment for transportation.
The money, also referred to as stimulus funds, is purchasing four new buses that will replace
older buses in the fleet that will be retired. Citrus Transportation Supervisor Lon Frye said
in addition to having new buses, the replacements will mean the county won t have to spend
near as much on maintenance as it would with the older buses being replaced. There was no
county match required.
Cooperative GIS project up and running
The GIS (Geographic Information System) division of county government has
Annual Golf Outing For Hospice
formally begun its cooperative data sharing program with the Citrus County Property
Appraiser s office.
Members of the VFW Post 10087 Golf Outing Planning Committee have been hard at
The two staffs are working together initially to make their data bases available to
work in preparation for their annual golfing extravaganza. This year’s Golf Outing and will
each other so that either can utilize the other s data to get more complete, accurate and up to
be a Four Person Scramble which will be held on Saturday, September 26 with an 8:00 am
date information on property throughout the county, concentrating initially on zoning data.
shotgun start. It will be held at Citrus Spring Golf & Country Club. Proceeds from the event
GIS is a system for visualizing, analyzing and sharing data that supports more informed
will benefit Hospice of Citrus County. Planning Committee Members (seated counterclockwise
decision making in a wide variety of government and private applications.
from right) are Hospice of Citrus County Development Manager Linda Baker, Ray Galinski, Paul
The creation and updating of GIS data for a whole county is an enormous under-
Belliveau, John Kaylor, John Garvey, John Kunzer, Lou Wade and Citrus Springs Country Club
taking and such a system must be constantly updated. The joint venture between the two
Director of Golf Chris Wilson.
offices will save time and money for both offices. It will ultimately reduce the amount of
ew! email news to: news@thenewscaster.com
people who once supported two separate systems, as well as the equipment needed. It will
also reduce the time required for services. Information involved in all kinds of planning,
N
project development, and permitting will get verified much quicker.
Foster Perry, Realtor
7
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1206 S.E. U.S. Hwy. 19Crystal River, FL
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email: lisavandeboe@yahoo.com
Fax: (352) 337-0723
(352) 795-6811 OFFICE
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Office E-Mail: aadams@apexlending.com
(352) 257-2181 CELL
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EMAIL foster233@bellsouth.net
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ID LI00000703883
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