Page 4 June 16, 2010
The Newscaster/Nature Coast News
Real Estate Today
Students, staff, & teachers
remember Yankeetown School
Resolution Trust Corporation
A Guest Commentary by Darryl Diamond
Yankeetown School held a full school reunion last weekend at Felburn Park on the
The year is 1993, and I’m at an RTC they were pre qualified for
Greenways and Trails. According to Sheena Price, who started this event, over 160 former
Foreclosure auction in Orlando. My buyers up to $45K. They were so
students, teachers, support persons and friends came out to enjoy the gathering. Plenty of
have been pre qualified as owner occupant nervous that they asked me
food was on hand as well as stories and catching up. Principal Ann Hayes had the school
buyers with good enough credit to bid. The to bid for them. They were
open for tours and many folks chose to wander through the halls again. Next year will be
RTC was set up in 1989 as a government happy to be high bidder at
the 75th anniversary of this native field stone facility. Stories like who all crawled under the
run asset management company charged $41K.
schoolhouse for various reasons filled the conversation of those who enjoyed some of their
The three Orlan-
with liquidating the assets of the failed Sav-
memorable times at this great school.
ings and Loans Associations (S&L’s) under do news stations that were
the office of Thrift Supervision. In addition there interviewed me as the representative
to auctions, the RTC used 6 other vehicles for the happy buyers. Later that night my
to liquidate properties. There were Equity Brother in law called me up. He said “I’m a
Partnerships, N series and S series Mort- doctor here in Daytona Beach and I’ve nev-
gage Trusts, Land Funds, Multiple Investor er been on TV -- How did you get on TV?”
Funds, and a JDC (Judgments Defficiencies, Any way The RTC situation is indicative of
and Chargeoffs) program utilizing limited the way we think.
An S&L Bank disaster in 1993 is
partnerships. For you readers that like to in-
vestigate this in more detail, all the informa- forgotten soon after then back to normal. We
tion is very clearly explained by searching will be over the present situation in a few
RTC on Wikipedia, which is the free internet years then back to normal so any property
encyclopedia. These methods should be ex- purchased at the right price will go back to
amined as they worked as a great bank liqui- the higher price in a few short years. Your
dation tool in the 1990’s and they can work author is Darryl Diamond who is the Broker
again today. Getting back to my buyers, the at Diamond Investments Inc. 352-447-4442
house they wanted was valued at $62K, and I’ll see you around “The Campus”
NATURE COAST WATER, INC.
Where Customer Service is our Priority
Wayne Taylor, Betty Duncan Taylor, Herbert Neeld, Billy Westberry join Ruth Duncan Ray at the
Owned & Operated by the Vorisek Family
74th Yankeetown School Reunion Saturday. Betty was in the last 12th grade class in 1949 at
Yankeetown before the older students were transferred to Dunnellon. Ruth said you could go
Toll Free: 1-888-610-4947 Local: 352-447-6002
to Crystal River but you had to furnish your own transportation to the river to catch the bus.
Herbicide treatments in Lake Rousseau, June 7-18
Enhance your Health
REMOVE Iron, Sulfur,
SERVICE
During June 7th-18th, The FWC will conduct aquatic weed control operations in
with Reverse Osmosis
Chlorine,Hardness
Lake Rousseau using the EPA-approved herbicides, Reward or Glyphosate, to maintain wa-
Drinking Water &
Bacteria, Tannin,
ter hyacinth, water lettuce and boat trails. Those using treated areas of the lake for domestic
Whole House Systems RENTALS
Odor & Cyanide
purposes or irrigation are cautioned to not used treated water for 5 days in Reward-treated
areas. Livestock should not be watered for 1 day in Reward-treated areas. Water should not
Financing Available • 12 Months Same as Cash • FREE Water Analysis
be used for drinking (does not apply to tap water) for 2 days in Reward-treated areas. There
Coastal
are no restrictions in Glyphosate-treated areas. Scheduled treatment dates may be delayed
Hair Port
due to adverse environmental conditions. The management and treatment of nuisance exotic
at Plaza 40
vegatation is necessary to maintain recreational activities and protect native plant habitat in
Carting
Florida waters. For additional information, please contact (352) 726-8622.
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10-20-30 yd.
Hwy. 40E, Inglis
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352-212-0405
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Contractors/Homeowners
Restaurant the Border!
Walk-Ins Welcome
Construction Debris
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Open 7 Days
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Family Salon for
Friday
11 am - 2 pm & 5 - 10 pm
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Clipper Cuts - $8
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
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