Page 4 April 28, 2010
The Newscaster/Nature Coast News
Real Estate Today
Squawk Box Continued from page 1
out all orders and instructions given by the presiding officer to maintain order & decorum of
The New Settlement Statement is Here
the town commission meeting. Upon instructions of the presiding officer,34431 the duty of
19170 S.E. 136 Court, Dunnellon, Florida shall be
A Guest Commentary by Darryl Diamond
the Chief of Police HONE (352) 489-4588 447-4588 or any order or decorum of
P or designate to remove any person who violates 621-4588
the town commission meeting & if FAX (800) 385-6736 PERSON UNDER ARREST
necessary, PLACE THAT
In order to make the closing pro- the original (GFE) which
AND CAUSE THEM TO BE PROSECUTED UNDER THE PROVISIONS OF ANY AP-
cedure more transparent for borrowers, your can not be changed more
EMAIL thenewscaster1@gmail.com (Tom)
PLICABLE LAW.
US Dept of Housing and Urban Develop- than 10%. When you ap-
Placement and L debbienewscaster@gmail.com to the discretion of the
EMAI acceptance of any agenda items are subject (Debbie)
ment (HUD) has just started implementation ply for a mortgage, insist
Town Clerk, MayorSIT OUR WEBSITE www.thenewscaster.com
VI or President of the Commission. Agenda items are due one week before
of mandatory changes to the Good Faith on the good faith be given
the meeting. By majority vote, the town commission may waive any of the provisions set
Estimate (GFE) and the HUD-1 settlement to you, and explained in
forth herein. By motion on a point of order, the town commission may, at any time LIMIT
statement.
detail before giving that
OR TERMINATE A PARTICULAR PRESENTATION OR LIMIT PUBLIC COMMENT in
If you pay cash for a property the application check.
general, unless otherwise prohibited by law.
closing statement will remain essentially
You want to be an educated bor-
This proposed rules change to me if it passes is an invitation to a TEA PARTY at
unchanged with the same two pages used in rower, and you want to make sure you have
Inglis Town Hall.
the past. However if you finance your home the needed cash at closing. To make things
Meth Bust
there are new rules in place to help you un- worse, mortgage brokers very rarely come
- Continued
from page 1
derstand how the amount of cash quoted on to closings. When you apply for a mortgage
your Good Faith Estimate is being applied you want the mortgage broker and your real
to having purchased the drain cleaner and
liquid
detective, he admitted
starter fluid to
on your Hud-1 closing statement.
estate broker both at the closing. If they say
manufacture methamphetamines.
For many years, mortgage brokers they can not make it to closings, find another
Trail and Bresnanhan were arrested on the chargess and transported to the Citrus
were supposed to supply the mortgage appli- broker that will. Having to rely on a clos-
County Detention Facility.
cant a good faith estimate of the total monies ing agent to explain interest rates and other
needed at closing right up front, usually at mortgage broker questions on a 30 year
the time of loan application. This (GFE) was mortgage is unacceptable in my book.
supposed to be given to all applicants before
Closing agents are not mortgage
any cash is given for the loan application. brokers, and your broker should be there
In the past I would ask buyers if they had to explain the details of the most important
all the money needed as per the (GFE), and loan of your life. One of the reasons I got li-
was often surprised that many buyers were censed as a mortgage broker was not to nec-
not receiving the good faith estimate as per essarily do your mortgage, but so my buyers
banking rules. As a result, many buyers that would have a licensed mortgage profes-
thought they needed $4,000. total cash at sional there to answer the loan questions if
closing, were told the day before closing the mortgage broker was a no show. Follow
that they actually needed thousands more. this advice, and you will be on your way to a
As of January first of this year that situation smooth transaction on the biggest purchase
has been mostly resolved. You buyers that of your life. If you need professional help in
take out a mortgage will have an additional buying a home I’m at Diamond Investments
third page on your
Hud-1. This additional Inc. Ph: 352-447-4442. I’ll see you around
Box 50
page will have several items that comeSE 136th Ct.
19170 from “The Campus”
•
ImportantllToll Free Numbers
Dunne on, FL 34431
Citrus s: (352) 613-3911, 621-4588, 447-4588nellon 489-2120
Phone Cty Govt. Citrus Springs & Dun or 489-4588
Coastal
Hair Port
Levy Fax: (800) 385-6736
Cty Govt. 800-733-5389
EmaiLevy Cty Sheriff 800-538-9767
l: thenewscaster1@gmail.com (Tom)
at Plaza 40
Email: debbienewscaster@gmail.com (Debbie)
FHP Brooksville 800-500-1240
Carting
Shopping Center
10-20-30 yd.
Hwy. 40E, Inglis
DUMPSTERS
352-212-0405
Call for Appointment
Contractors/Homeowners
445 NE 1st Terrace, Crystal River , FL
Crystal Terrace Shopping Center
Walk-Ins Welcome
Construction Debris
North of Big Lots & East of Post Office
Big John
Yard Waste - Junk
Demolition Debris
Open 7 Days
• •
Family Salon for
Men • Women • Kids
Perms, Hi-Lites & Color
FAMILY Owned & Operated
Starting at $45
Licensed & Insured
Womens Cuts - $12
352-465-5020
Clipper Cuts - $8
Sugar Mill Liquor
Buddy & Fred's Hardware
42 Hwy 19 N. - Inglis,FL - 352-447-2600
Lisa VanDeBoe
Next to the Pinch-A-Penny store
Broker/Owner
Buddy & Fred's Hardware
352-634-0129
north of the Crystal River Mall
is Now Doing Business
See all the listings in Citrus County on our Website
www.plantationrealtyinc.com
2351 N.W. Hwy. 19-B Crystal River, Florida
at the New Location
email: lisavandeboe@yahoo.com
ICE - 8 Lbs. only 794 (352) 563-1891
Unique Commercial Building,
42 Hwy 19 N. Inglis
Antiques Consignment Store,
Shop local, we’re close to your neighborhood
Food Ranch Plaza
fronts U.S. Highway 19. $443,000
Lotto • Wine • Beer • Soda • Milk • Ice • Cigarettes