LISTING OF THE WEEK
HOUSE PLAN
Plenty of room
Great views
The Listing of the Week is a large, three-story, Mediterranean-style home in Oklahoma City’s Harndale addition.
Built in the right setting, the bright and spacious hexagonal great room at the center of the Blue Creek serves up a panorama of stunning views.
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REAL ESTATE
Kenneth Harney
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THE OKLAHOMAN | NEWSOK.COM
SATURDAY, OCTOBER 8, 2011
HERITAGE HILLS HOME’S RESTORED PARAPETS REFLECT AREA’S LEGACY BY DYRINDA TYSON Special Writer dyrinda@gmail.com
Jane Holcombe, wielding photos, stops visitors outside her Heritage Hills home. “Our information starts out here,” she says. “A picture is worth a million words.” And in this case, pictures trace the evolution of the home, at 311 NW 19, since 1917. An early blackand-white photograph shows it sporting a pair of Mission-style parapets on each side, their curves and round windows offering a contrast to the roof’s straight lines. The curves are echoed in the brickwork topping the porch. The parapets are missing in a color photo snapped around the time Holcombe and her husband, Peter, moved into the house in 1989. More modest structures stand in their place. Look up today, though, and they’re back — just one unusual feature in one of several homes in the annual Heritage Hills Historic Homes & Garden Tour from noon to 5 p.m. Oct. 15-16. The Overholser Mansion, 405 NW 15, will be “tour central.” Tickets are $12 in advance and $14 on tour days. Jane Holcombe said she stumbled across the parapet structures about a year after she and her husband settled in. “Of course, I immediately began to lust over these,” she said with a laugh. “Would we ever be able to put them back?” The question went unanswered for years. “My husband just rolled his eyes the first 10 or 12 or 15 years, then I think I wore him down,” she said. “But now he’s proud of it. He may be more excited about it than I am.” They brought historic preservation architect Randy Floyd on board for the restoration project. After getting the preservation paperwork in order, the work was supposed to kick off in October 2010. A nasty stretch of winter intervened, though, and work didn’t get under way until March. It took about six weeks from start to finish, Jane Holcombe said.
Photo provides guide The old photo proved invaluable as Floyd pieced the parapets back together. “She absolutely counted bricks on this picture to see how many
Energy use can be noted A new appraisal document should make sure an appraiser at least takes notice of energy improvements made to a house and tries to come up with a value adjustment for local market conditions. PAGE 6F
IN BRIEF
Jane and Pete Holcombe stand in front of their home at 311 NW 19 in Heritage Hills. It is one of several on the annual Heritage Hills Historic Homes & Garden Tour. PHOTO BY STEVE GOOCH, THE OKLAHOMAN
WOODSTOVE OFFERS FLAME CONTROL
IF YOU GO
45th annual Heritage Hills Historic Homes & Garden Tour I When: Noon to 5 p.m. Oct. 15-16. I Where: The Overholser Mansion, 405 NW 15, will be “tour central.” I Tickets and information: $12 in advance and $14 on tour days; http://tinyurl. com/HeritageHills2011Tour.
we would need,” Holcombe said. The windows — true divided glass with a quatrefoil design — were re-created by a craftsman in Perry, and a missing keystone for one window was made in Texas. A contractor on the project theorized the parapets might have been dismantled after a tree fell on the house, and the owners opted for a cheaper and easier solution, Holcombe said. Workers found a fault running along the side of the driveway. Holcombe said she is looking forward to the opportunity to help educate the public during the SEE TOUR, PAGE 2F
This photo shows how the Holcombes’ home appeared, sans parapets, in 1989. PHOTO PROVIDED
Ellen James Martin SMART MOVES
Lawrence, an expert on consumer budgeting and the author of “The Budget Kit: The Common Cents Money Management Workbook.” Lawrence helped the couple put together a functional budget to track expenditures and redirect discretionary funds to higher priority purposes. For many of her clients, the most compelling priority is saving to buy a home, she said. Eric Tyson, author of “Personal Finance for Dummies,” said that in the current market, saving money for a home purchase could be worth the
The Efel S33 woodstove is equipped with patented woodbox combustion technology that preheats the combustion air and delivers it slowly and evenly over the fire. As a result, the fire burns longer and more efficiently with less emissions, and the glass stays clear. An optional remote control lets you adjust the air supply and intensity of the flames. Prices range from $2,200 to $3,000. For more information, go to www.Lehmans.com.
This old photo shows the way the Holcombes’ house looked originally in 1933, with parapets. PHOTO PROVIDED
Budget when buying home in uncertain times A couple in their 40s — a pair of high-tech specialists — recently headed into budget counseling after realizing they were making zero contributions to their savings account, despite a combined annual income of more than $200,000. Guided by budget coach Judy Lawrence, the couple combed through their expenses and found areas where lots of cash was leaking. In many cases, they noticed that sheer sloppiness and unintentional spending were costing them the chance for a healthy savings account. “They were wasting a huge amount on food that was rotting in their refrigerator because they were eating out so much. Plus, their restaurant tabs were soaring. More shocking was their realization that they were wasting a couple hundred dollars a month on needless bank charges — like ATM fees,” said
THE NATION’S HOUSING
sacrifices involved. “The combination of low housing prices and low interest rates has created one of the most affordable real estate markets in decades,” he said. Here are a few pointers for those who need to cut their spending to save for their first home or a moveup purchase: I Create a spending and savings plan and track it consistently. Doing a budget isn’t challenging, but “You have to gain awareness of where your money is trickling out wastefully and then make adjustments to redirect funds to your highest goals, like finding down payment money to buy a house,” Lawrence said. Lawrence suggested you examine your recent checking account and credit card statements and then write down what you’ve spent for at least
the past two months, breaking out your expenses into two broad groups: mandatory and discretionary. Mandatory outlays include such items as car payments and insurance bills. Discretionary items include restaurant bills and clothing purchases. Once you’ve tracked past spending, search within the discretionary section for low-priority items that could be cut. I Steer clear of budget-busting behavior. Are you an impulse buyer who gets a high from buying clothing or other discretionary items? Do you later wonder why you made all those nonessential purchases? If so, Lawrence recommends you follow the “24hour rule.” When going shopping (for anything but food), leave your cash and credit cards at home. Go to
the store and make your selections, but allow yourself at least one full day to decide which choices are truly important and fit in with your overall spending plan. I Contain your food costs. Financial advisers are nearly universal in saying that many clients overspend on eating out. As soon as many prospective homebuyers find this black hole in their budget, they often proceed promptly to close it, Lawrence said. Though many potential homebuyers are aware that restaurant and coffee shop consumption is a threat to their savings plan, Lawrence said people often fail to notice how much of their grocery money goes to waste with food that isn’t eaten. Send email to Ellen James Martin at ellenjamesmartin@gmail.com. UNIVERSAL UCLICK
MARTHA STEWART SHARES HOLIDAY IDEAS The empress of haute homemade has a new book, “Martha Stewart’s Handmade Holiday Crafts.” The book contains 225 projects covering a year’s worth of observances. Among them are decorations, gifts and party favors, from embossed Easter eggs to knitted cat toys for your feline valentine. Basic techniques are included, right down to tying a simple and elegant bow on a package. “Martha Stewart’s Handmade Holiday Crafts” is from Potter Craft. It’s priced at $24.99 in hardcover. MCCLATCHY-TRIBUNE
INDEX Handy Permits
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SATURDAY, OCTOBER 8, 2011
REAL ESTATE
THE OKLAHOMAN | NEWSOK.COM
Left: Lorrie and Dr. Andy Monteiro’s home at 1611 Classen Drive will be a part of the Heritage Hills Historic Homes & Garden Tour. PHOTO BY JOHN CLANTON, THE OKLAHOMAN
Tour: Historic area’s homes on view FROM PAGE 1F
neighborhood tour. “The reason I’m on this tour is to tell the restoration story, to create awareness for historical preservation, because that’s what we’re about down here (in Heritage Hills),” she said. The home features many elements unchanged since it was built: hardwood floors, stained glass and crown molding throughout, plus restored lighting fixtures rescued from the home’s basement, all mingling with the Holcombes’ own treasures. Even the windows are original. “Not a single one of them have been broken,” she said. Still, the parapets are a point of pride. The Holcombes celebrated with a “parapet party” once restoration was complete. The old photograph was critical to its success. “We as the fourth owners had this photograph passed to us, and it’s just invaluable,” she said. “Otherwise we would have never known.”
Trudy and Dr. Jerry White’s house at 920 NW 14 is on the Heritage Hills Historic Homes & Garden Tour. PHOTO BY JOHN CLANTON, THE OKLAHOMAN
Also on the tour Other tour homes are: I Jerry and Trudy White, 920 NW 14. Built in 1940 for the Fitschen family, this home is a youngster by Heritage Hills standards. It features the Art Deco motif in vogue at the time, but its kitchen has been updated and hardwood floors restored. Longtime professional golfer Jimmy Gauntt once lived in the home. I Dr. Andy and Lorrie Monteiro, 1611 Classen Drive. This English Tudor house, built about 1925, also mixes in elements of Craftsman, prairie and Victorian styles. It was once home to G.A. Nichols, who built many of Oklahoma City’s exclusive neighborhoods and lent his name to one of them. Many of the original fixtures and tile are still there along with a functioning laundry chute. It also features a new pool and an outdoor fireplace. I Robert Fasol, 1523 N Shartel. This post-World War II townhome has elements of Colonial Revival influence in its lines. It has its original hardwood floors, which help showcase a modern-contemporary interior with a traditional flair. I Phillip and Karen Napier, 1519 Classen Drive (garden). Raised flower beds feature bricks salvaged from a little red schoolhouse in southeast Oklahoma. The garden was created in the 1980s, but it maintains a traditional air with hydrangeas, roses and azaleas mixed in with more contemporary selections. The home is English Tudor style built around 1923, and a Chinese gate and conservatory carry its style into the garden. I Corbin and Sara See, 316 NW 18. A wide staircase with
Sara and Corbin See’s house at 316 NW 18 will be on the Heritage Hills tour. PHOTO BY JOHN CLANTON, THE OKLAHOMAN
Robert Fasol’s house at 1523 N Shartel will be on the Heritage Hills homes tour. PHOTO BY JOHN CLANTON, THE OKLAHOMAN
Craftsman detailing offers a nod to this home’s origins — it was built around 1921. It owners have revamped and restored many areas, including the kitchen, a new bath and the master bedroom. I Overholser Mansion, 405 NW 15. Built around 1902, the mansion was home to businessman Henry Overholser and his family for many years, and it is the cornerstone of Heritage Hills. It maintains the flair of its heyday, showcasing original furnishings and ornate canvas painted walls.
A piano accents Jane and Pete Holcombe’s living room in their Heritage Hills home. PHOTO BY STEVE GOOCH, THE OKLAHOMAN
THE OKLAHOMAN | NEWSOK.COM
REAL ESTATE
HOUSE PLAN
Heather Longacre
Longacre joins Churchill-Brown & Associates Heather Longacre has joined Churchill-Brown & Associates Realtors’ north office, 4401 W Memorial Road, Suite 109, as a residential real estate sales associate. She has lived in the metro area for 22 years. She is originally from Austin, Texas. Previously, she was a business owner.
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Roof soaking doesn’t necessarily save money
Lodge-style home plan offers stunning views Built in the right setting, the bright and spacious hexagonal great room at the center of the Blue Creek serves up a panorama of stunning views. And the vistas from inside this lodge are yours to enjoy from the moment you step inside. The main floor has a ground-level entrance, but is one story above the ground at the rear. Hefty log posts highlight the entry. A king post and struts highlight its lofty vaulted porch. Double doors open into the expansive great room, which is loaded with glass in the three back wall sections. Tall windows flank the fireplace centered in the section to the right. Across the room from the entry, twin sets of sliding glass doors open onto a vaulted and covered deck that is a near reflection of the front porch. A log
SATURDAY, OCTOBER 8, 2011
handrail rims the wide deck that wraps around the rear, creating an extensive outdoor living area. Wings extend out to the left and right of the great room. On the left, a peninsular eating bar bounds a roomy kitchen with plenty of cupboard and counter space, including a central work island. The owners’ suite, with its twin lavatories and large walk-in closet, is just down the hall. A second bedroom and bathroom fill the opposite wing. Outside, on the basement level at the rear of the
Blue Creek, hefty posts support the main-floor deck above, creating a covered colonnade below. A hexagonal two-car garage with plenty of extra work and storage space sits below the great room. Basement rooms, which could initially be finished or unfinished, extend off of the hexagon in the same configuration as above. A review plan of the Blue Creek 10-564, including floor plans, elevations, section and artist’s conception, can be purchased for $25 online, by mail or phone. Add $5 for shipping and handling. Associated Designs, 1100 Jacobs Drive, Eugene, OR, 97402, (800) 634-0123. www.associateddesigns.com.
Q: I have a friend who has mounted costs are going to offset any potential savsoaker hoses on each side of the ridge ings you’re going to realize from reducing row of his roof to help cool it. The hoses the attic temperatures. All that water also are connected to a sprinkler timer and has to go somewhere, so you’re also income on six times during creasing the potential for the hottest part of the problems in your basement day. They stay on long or crawl space. enough to wet the whole Another issue is what Paul roof. Our houses are Bianchina the constant flow of water about the same size, but across the roof is doing. It his house is a two-story could cause premature agwith a gabled roof and ing of the shingles and has a smaller roof area HANDY @ HOME washing away of the granthan mine. ules, as well as the formaMy house is a single-story with a hip tion of mildew. But if you ever have a probroof. One day I tested cooling the roof lem with your roofing, this would almost with a sprinkler. I think the water cov- certainly void the warranty as well. ered about 60 percent of the roof area. What I’d like to see you do instead are The temperature in my attic was about passive techniques to improve the overall 10 degrees lower than the day before, performance of the envelope. These rebut the air conditioner seemed to run quire a single, upfront expenditure of time just as much as usual. So my questions and money, but no ongoing expense, so are: What would be the long-term ef- they’re better for your wallet and better for fect on a composition roof of wetting it the environment. Many also will pay bento cool it, and do you think there would efits during the winter. These include: I Increase the amount of attic insulabe any savings by doing so? A: This is an interesting question, and tion so that the heat that’s in the attic has I’m glad you did the experiment. less opportunity to get into the house. I Verify that you have the proper Your home is going to gain heat from a number of different sources, and that’s amount of attic ventilation, which is the what your air conditioner is trying to off- best way to cool your attic. You should set. Those sources include heat from the have about 1 square foot of vent area for sun through your roof and exterior walls; every 300 square feet of attic space, ambient heat from the outside air, through roughly split between high and low, or the roof, walls and glass; and interior with a little bit more on the low side. Add heat-makers such as appliances, elec- more vents if needed. I Plant trees that will shade the roof of tronics, and, of course, occupants. The walls, ceiling and floor of the house the house, especially on the hot sides. I Install insulated window coverings or make up what’s known as the home’s envelope, and we live inside that envelope of solar shades, and keep them down during cooled or heated air. The better the enve- the hottest parts of the day to decrease lope does at keeping heat out in summer heat gain. I Install exterior awnings or pergolas (and cold out in the winter), the more that are slanted to block summer sunlight comfortable the occupants are. There are many ways to improve the over windows that get the most heat gain, performance of the home’s envelope. especially west-facing windows. I Whenever possible, run appliances What you’re trying to do is cool the attic through an external means — applying such as dishwashers and dryers at night. I Consider installing a whole-house fan water to the roof. While in theory that’s going to be helpful, it has an awful lot of to take advantage of cool outside air, and drawbacks as well, and as you’ve seen take the load off your air conditioner. I Replace older, single-pane windows through your experiment, it has only minand skylights, especially those with metal imal benefits to the attic temperature. First of all, this technique wastes a lot of frames, with energy-efficient vinyl- or water. And assuming you have to pay for wood-frame insulated glass windows. the water — even if you’re drawing it from Remodeling and repair questions? Send email to paul All reviews are based on the author’s a well, you have to pay for the electricity to bianchina@inman.com. testing of free review samples provided by manufacturers. pump it — you’re wasting money. Those INMAN NEWS
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SATURDAY, OCTOBER 8, 2011
Barry Stone
REAL ESTATE
THE OKLAHOMAN | NEWSOK.COM
Agents, sellers chafe at low appraisals BY PAUL OWERS Sun Sentinel
INSPECTOR’S IN THE HOUSE
Buyer rejects all inspectors DEAR BARRY: Your repeated endorsements of home inspectors should be taken with a large grain of salt. When I bought my home, the inspector reported no problems with the roof, but he never even looked at it. After moving in, it leaked, so I had two roofing contractors check it out. Both said that the roof was totaled. I called the inspector back to the house and showed him the damaged shingles and the rotted wood in the attic. To my surprise he admitted that he hadn’t crawled in the attic or walked on the roof during his inspection. He said the seller had assured him that the roof was in good condition. I filed a small-claims action and recovered all but $500 of the cost of roof replacement. My advice to your readers is to hire plumbers, electricians, roofers, etc., rather than wasting money on unqualified home inspectors. Chad DEAR CHAD: No one can blame you for being disillusioned after your disappointing home inspection. But don’t let one bad apple turn you against apple pie. If an incompetent plumber failed to repair a bad leak in your sewer line, you would not conclude that all plumbers are unqualified. If a third-rate auto mechanic ruined your transmission, you would not assume that all mechanics are incompetent bunglers. Instead, you would realize that you had hired a bad example, not a representative sample. The same conclusion should apply to the shortcomings of an unqualified home inspector. The full range of human conduct, from the top deck to the bilges, can be found in every profession. In all fields, there are those who set the standards and those who redefine “substandard,” those who uplift and those who degrade the collective reputations of their colleagues. There are doctors who perform unnecessary surgeries, contractors who do substandard work for inflated prices, public officials who accept bribes, parents who abuse their children, teachers who fail to educate, truck drivers who drink while operating their vehicles, and home inspectors who rely on seller disclosure rather than conducting thorough inspections. Where I do business, all home inspectors walk on roofs and crawl through attics. Industry standards, as set forth by the American Society of Home Inspectors and by similar associations, require that roofs and attics be inspected, as long as they are reasonably accessible. It was surprising to learn that a home inspector would rely on seller disclosure rather than conducting a complete inspection of the roof and attic. Home inspectors are hired to make their own discoveries, not to parrot the opinions and observations of others. A competent inspector views seller disclosure as a lead toward further investigation, not as a conclusion. The next time you buy a home, be sure to research the available home inspectors in your area. Find someone with a well-established reputation for detailed disclosure and professional competence. A truly qualified home inspector will not disappoint you. To write to Barry Stone, go to www.housedetective.com. ACTION COAST PUBLISHING
FORT LAUDERDALE, Fla. — Low appraisals continue to block people from selling homes or refinancing mortgages, leaving many sellers and real estate agents unhappy. “We really feel we’re at the mercy of appraisers,” said Randy Lane, a Broward County, Fla., homeowner whose sale fell through recently when two value estimates came in well below the negotiated price. When a sale collapses because of a low appraisal, the buyer is angry for having agreed to pay more than the home is thought to be worth. Meanwhile, the seller puts the home back on the market and considers adjusting the price — all the while not knowing whether another potential sale will suffer the same fate. A May 2009 law required that appraisers work independently and without undue influence from mortgage brokers, lenders and real estate agents. Mortgage fraud prosecutors say the overhaul was necessary to curtail conflicts of interest and bloated estimates that contributed to the housing debacle. More than two years later, real estate agents say
Real estate appraiser Scott Dooley, of Ft. Lauderdale, Fla., shows how he would measure a house. MCCLATCHY-TRIBUNE PHOTO
the change has inadvertently led to inaccurate appraisals, which is delaying a housing recovery. “This requirement is costing everybody, including the consumer, because we’re not getting quality appraisals,” said Tim Singer of Coldwell Banker in Fort Lauderdale. Appraisers bristle at the criticism. While some concede that concerns about the law are valid, they also say real estate agents and sellers have vested interests that blind them to the reality of falling home values. “Don’t shoot the messenger,” said Ken Chitester, spokesman for the Appraisal Institute, a Chicago-based association with 24,000 members nationwide. “It’s very easy to
point fingers, especially in a depressed market.” The abundance of foreclosures in recent years has dramatically reduced values here, and appraisers say they can’t help but factor in those comparable homes when they’re preparing estimates. But many of those homes are in disrepair, and real estate agents says appraisers often don’t consider the condition of the properties, leading to unnecessarily low appraisals. In home sales, buyers who need mortgages pay for the appraisals, which cost about $350 in South Florida. Banks require them to make sure they don’t lend more money
than the homes are worth. Cash buyers typically don’t request appraisals, real estate agents said.
Changes in appraisals For years, an appraisal was considered a formality. A mortgage broker would commonly suggest a business acquaintance to do the work, virtually assuring the appraisal, an opinion of value, matched the sale price. The 2009 law put a stop to that by insisting on appraiser independence. It also discouraged prolonged communication between an appraiser and the real estate agent, who used to work more in tandem. Many lenders now hire
appraisal management companies, which randomly select appraisers. Real estate agents and others complain that the companies assign appraisers from out of the area who aren’t familiar with specific neighborhoods. Another complaint is that the management companies don’t pay a fair wage, which deters experienced appraisers from accepting assignments. Charles Ware, president of Elite Appraisal Management Inc. in Michigan, said it’s up to the appraisers to reject assignments if they aren’t familiar with certain areas. His management company lets appraisers set their own fees. Nine percent of real estate agents reported delayed sales contracts in recent months because of low appraisals, according to the National Association of Realtors. In addition, 13 percent said a contract was renegotiated to a lower price because an appraisal came in below the agreed-upon price. The Realtors’ trade group didn’t say how many sales were canceled by low appraisals. MCCLATCHY-TRIBUNE INFORMATION SERVICES
REAL ESTATE
THE OKLAHOMAN | NEWSOK.COM
SATURDAY, OCTOBER 8, 2011
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15- or 30-year loan: Which adds up? BY EVE MITCHELL Contra Costa Times
WALNUT CREEK, Calif. — The 30-year fixed-rate mortgage has been a stalwart of today’s real estate market for homeowners looking to refinance. Now it’s facing competition from the 15-year fixed-rate mortgage. In August, the number of applications for 15-year refinancing loans submitted nationwide through the LendingTree.com website was up 29 percent from August 2010, while 30year refinancing loans saw a 12 percent increase. “It’s all the trend right now. Most borrowers are asking about switching to a 15-year loan. Everybody’s in a mood now to get those mortgages paid off. They want to see an end to those
DID YOU KNOW?
15-year loan pros, cons Advantages: I Own your home in half the time. I Builds equity faster while paying significantly less in interest. I Interest rates are typically 0.5 to 1 percentage point lower. Disadvantages: I Monthly payments are higher. I The maximum mortgage interest tax deduction is less because the borrower is paying less interest over the life of the loan. I If the borrower becomes unemployed or if income takes a dramatic hit because of a financial emergency, it will be harder to keep up with the payments.
payments, and that’s what’s driving it,” said Kristine Marr, a senior loan officer with RPM Mortgage in Walnut Creek.
Such loans result in huge savings in terms of interest payments but require larger monthly payments than a 30-year loan.
In the past few weeks, there has been a big increase in homeowners who are looking to refinance into a 15-year-loan, said Kevin Conlon, senior vice president of operations at San Ramon, Calif.-based Mason-McDuffie Mortgage. Retirement considerations play a role along with a desire to build equity faster. Homeowners are thinking, “I really don’t want to restart the clock for 30 years if I’m retiring in 20 years,” he said. The best candidates to consider these loans are homeowners who have paid down a 30-year mortgage for at least five years, have sufficient equity and excellent credit, are secure about their job future, and can handle the
LISTING OF THE WEEK
Home offers five bedrooms, four living rooms The Listing of the Week is a large, three-story, Mediterranean-style home in Oklahoma City’s Harndale addition. The 6,000-square-foot home at 825 NW 15 has five bedrooms, three baths, three half-baths, four living rooms, two dining rooms and a detached two-car garage. The kitchen has eating space, a breakfast bar and pantry. The home has a tile roof, garage apartment, open deck, window treatments, central air conditioning and a heat pump. The home, built in 1933, is listed for $1.2 million with Gary Wallace of The Covington Co. For more information, call 202-5350. Nominations for Listing of the Week are welcome. Send information on single-family homes to The Oklahoman, Richard Mize, P.O. Box 25125, Oklahoma City, OK 73125. Nominations may be faxed to 475-3996.
The Listing of the Week is at 825 NW 15.
PHOTO PROVIDED
higher payments, say mortgage professionals. “It can shave years off their mortgage,” Conlon said. But not all borrowers are in a position to switch. “Some borrowers might not qualify for the loan with the larger monthly payments because it increases their monthly debt-to-income ratio,” Marr added in an email. “Some borrowers are choosing the 30-year fixed for the security of the lower
payments.” Another point worth considering is that homeowners with 30-year mortgages can always increase their monthly payments to pay down their mortgage faster. “This (option) is a great compromise for many borrowers,” Marr said. Interest rates for 15year loans are typically lower than 30-year loans. MCCLATCHY-TRIBUNE INFORMATION SERVICES
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REAL ESTATE
SATURDAY, OCTOBER 8, 2011
THE OKLAHOMAN | NEWSOK.COM
Green becomes a better bet with addendum WASHINGTON — Here’s some good news for homeowners who’ve gone green and installed energy-saving features but haven’t been sure whether appraisers will credit them with higher valuations: Thanks to a new industry-issued appraisal addendum, the odds have improved that they’ll get the fairer market value they’re due. The Appraisal Institute, the country’s largest and most influential association in its field, published the long-awaited addendum Sept. 29. It’s designed to be attached to any standard appraisal report covering a property with significant green features. Owners, sellers, buyers, refinancers and realty agents don’t have to wait for an appraiser to use it. They can download it at no cost and ask that it be made part of the appraisal submitted to the lender. The new addendum won’t guarantee that the appraiser will raise your property value by the tens
Kenneth Harney THE NATION’S HOUSING
of thousands of dollars you spent on your solar panel array, high-efficiency windows or geothermal system. But it should guarantee at the minimum that he or she will take notice of the energy improvements and seek to come up with a value adjustment for your local market conditions.
Response to concerns The three-page form is a response to growing concerns that although the Obama administration and many state governments and utilities are pushing homeowners to invest in energy-conserving components, standard appraisal forms — including those used by financing giants Fannie Mae and Freddie Mac — are not set up to give
adequate recognition to those often costly improvements. The inevitable result: Owners are frustrated at what they consider lowball valuations. Refinancers can’t get the loan amounts they seek because the appraisal report doesn’t factor in the monthly utility savings they’re getting from their solar panels. Appraisers, for their part, say local real estate listing documents often don’t spell out in detail all the energy-efficiency improvements or they get the facts wrong. For example, appraisers complain that some realty listings claim that the house is an “Energy Star Home” when in fact there’s nothing more than a few Energy Star appliances installed in the kitchen. The Energy Star Home designation is a much higher standard: It requires qualifying under a comprehensive set of criteria for the building envelope, lighting, windows, water heating and high-efficiency applianc-
es, among others. The institute’s addendum runs the gamut of improvements and ratings and goes well beyond energy efficiency. Though it has basic sections covering insulation, windows, lighting, heating, air conditioning and solar, it also covers sustainability features such as the presence of water-saving or reclamation systems, landscaping that lowers water and/or energy use, and even the presence — or lack — of public transportation nearby that might help lower fuel usage. Of special significance to owners who have had their houses audited or rated for green features and energy efficiency, the addendum asks for detailed information on the rating or auditing entity, the dates of the rating, average utility costs in the area along with estimated monthly savings based on the rating itself. Any certifications such as LEED (Leadership in Energy and Environmental Design) must be
attached to the report along with information on any changes made by the owners to the property since the certification. If the house has solar installations, the addendum asks for such details as the age of the panels, the energy production in kilowatt hours for each array, plus other information relating to the actual energy savings attributable to the solar features.
Equipping appraisers Appraisers using the new addendum should now be better equipped to identify accurate, recent “comparable” sales in the area, a key part of coming up with a valuation, said Joseph C. Magdziarz, 2011 president of the institute. In other words, if you have a highly efficient, audited house with extensive energy-saving features as demonstrated by the addendum, an appraiser should look for prices of houses that sold recently with and without energy-efficiency features for indications of your house’s true market value.
Appraisers who have training in green valuations also can use one or more techniques that essentially capitalize the documented monthly savings on utility bills into a specific value adjustment appropriate for the local market. Sandra K. Adomatis, an appraiser in Punta Gorda, Fla., who teaches green appraisal courses and is a nationally recognized expert, said the higher the utility charges in a jurisdiction, generally the higher the value gain from solar panels and other energy-saving installations. For instance, in a relatively high-utility-cost state such as California, Adomatis said, the value increment from the same improvements might be double that in a relatively low-cost state such as Florida. The addendum is available online at http:// bit.ly/nW3DU9. Ken Harney’s email address is kenharney@earthlink.net. WASHINGTON POST WRITERS GROUP
Mortgage fraud complaints rise 88 percent from 2010 BY E. SCOTT RECKARD Los Angeles Times
LOS ANGELES — Mortgage fraud reports to the Treasury Department jumped 88 percent in the second quarter — mainly because banks are re-examining loans from the housing boom and finding problems, the department’s Financial Crimes Enforcement Network division said in a quarterly report. The agency said the mortgage-collection arms of banks
filed 29,558 suspicious activity reports involving possible loan fraud in the quarter that ended June 30. That compared with 15,727 that the mortgage servicers filed in the same quarter of 2010. Most of the mortgages suspected of fraud closed during the height of the housing bubble, the financial crimes division said. The report said 81 percent of the complaints involved suspicious activities before 2008, and 63 percent described what ap-
peared to be fraud occurring four or more years ago. The Financial Crimes Enforcement Network said California had more reports of suspected mortgage fraud on a per-capita basis than any other state, followed by Florida and Nevada. Banks are required to report suspicious activities to their regulators. The Treasury unit attributed the recent surge of mortgage fraud reports in large part to loan repurchase demands from investors who contend that
mortgages backing securities were riskier than represented when the bonds were sold. “Financial institutions are uncovering fraud as they sift through defaulted mortgages,” said James H. Freis Jr., director of the Financial Crimes Enforcement Network. Fraud continues in new loans, albeit at a lower level, Freis said, with misrepresentations of income, occupancy, or debts and assets the most common violations. Robert Simpson, who heads a
Santa Ana, Calif.-based mortgage-fraud audit company, said the lenders had probably already detected and reported the major frauds that flourished during the housing boom, such as rings that systematically falsified appraisals and financial information to obtain loans. “I have to wonder if the (suspicious activity reports) being filed now are ... just people who wanted a home they couldn’t afford,” Simpson said. MCCLATCHY-TRIBUNE INFORMATION SERVICES
REAL ESTATE
THE OKLAHOMAN | NEWSOK.COM
SATURDAY, OCTOBER 8, 2011
7F
Mortgage modifications fall short of expectations BY KEVIN G. HALL
still woefully inadequate to meet the demand, given the still remarkably high levels of distressed borrowers they are attempting to deal with,” said Paul Leonard, director of the California office of the Center for Responsible Lending, a Durham, N.C.based advocacy group.
ministration set for itself. This year the Treasury Department began grading mortgage servicers. On Sept. 1, it determined that, based on performance during the first six months of 2011, Bank of America and JPMorgan Chase needed serious improvement. Government payments for mortgage modifications were withheld from these banks. CitiMortgage escaped that fate but was found to be in need of moderate improvement. George Bosch is decidedly unimpressed. The legal administrator for the law offices of Edward Lopez and Rick Gaxiola in Los Angeles, which represents Palomo for free, said mortgage servicers remain disorganized and dysfunctional. “They’re still out of touch about the reality of how people are being affected. The banks are insensitive,” he said.
Banks ‘insensitive’
‘Band-Aid’ approach
From December 2009 through June, more than 1.6 million governmentbacked mortgage modifications had been started, but only 791,000 became permanent. These numbers remain well below the goal of 4 million modifications that the Obama ad-
Palomo learned he’d been foreclosed when he answered the door to find someone from a company trying to represent, for a fee, homeowners facing eviction. There was no paperwork and no phone call from CitiMortgage, Palomo insisted.
McClatchy-Tribune News Service
WASHINGTON — Jose Palomo was surprised when the knock on the door came in August, informing him that his California home had been foreclosed and he’d need to vacate promptly. After all, he’d recently started payments on an in-house mortgage modification with CitiMortgage Inc. “I was speechless, didn’t know what to say. What’s going on? Why? They got our hopes high saying we got approved; everything was going to go through,” recalled Palomo, 23, a car salesman fighting to keep his small home in Riverside, Calif. Palomo’s plight illustrates why housing remains such a drag against U.S. economic recovery. He’s fighting to keep a 738-square-foot home that today is worth less than $85,000. He was given a mortgage modification where he’ll owe about twice that amount — illustrating how such modifications often fail to solve the problem they’re designed to fix. Simply put, mortgage modifications aren’t cleaning up the housing-
Despite having a job and receiving a loan modification, Jose Palomo’s home has been foreclosed on. He is shown at the car dealership where he is a salesman in Fontana, Calif. MCCLATCHY-TRIBUNE PHOTO
finance mess. And to top it off, even as he began making payments on his too-high mortgage, Palomo still faced losing his home — underscoring lenders’ relentless pursuit of foreclosure proceedings four years after the housingmarket bust.
Wave of foreclosures Today, at least 4.2 million homeowners are late on their mortgage payments or somewhere in the delinquency and foreclosure process. The first wave of foreclosures came during the 2008 financial crisis as subprime mortgages given to weak bor-
rowers imploded. Now the subsequent economic downturn and high unemployment keep housing depressed. The administrations of George W. Bush and Barack Obama both offered incentives for lenders to help homeowners modify their mortgages. Those efforts haven’t achieved much. And four years into the housing crisis, banks and their bill collectors, known as mortgage servicers, are still under fire for their response to troubled borrowers. “I would say they are somewhat better than they were three years ago, but
“The only thing he got was a knock on the door saying your house has been sold,” Bosch said. His pressure led CitiMortgage to rescind the foreclosure sale and restate the mortgage modification offer. Mark Rodgers, a Citi spokesman, said attempts were made to reach Palomo. He suggested the lesson for homeowners in trouble is to remain in contact with servicers while working through solutions. “We are pleased to have resolved this matter quickly,” Rodgers said. Bosch doesn’t think the modification offered by CitiMortgage is a real solution, since the house is worth so much less than the nearly $175,000 Palomo now owes on it. His monthly payment has gone down by about $265 a month, but more than $26,000 has been added to the loan balance. “Without principal reductions, people are going to walk away. It’s just a Band-Aid,” Bosch said. He fears that many owners such as Palomo may hand back the keys if home values don’t rise significantly within five years. “It’s just not a solution unless you’re doing principal reductions.”
Homebuilders seek help to build home for officer FROM STAFF REPORTS
Homebuilders Perry and Quannah Rice, owners of Rice Homes in Edmond, want to build Oklahoma City police officer Chad Peery a new home to make his life and physical challenges easier.
Edmond
Peery, while he was offduty, was partially paralyzed Feb. 15 when he was attacked and severely beaten while breaking up a bar fight. The home will be built in The Legacy addition near SW 134 and May Avenue thanks to a contribution by
314
4/2.5/3, waterfront, pool playground, 2140 sf, $227,500, lease purchase w/$10,000 dwn; 514-3800
OKC Northeast
323
RENT TO OWN 4101 NE 19th Circle 2bdrm 1bth on 1N acres (m/l) Easy Approval 405-273-5777 www.property4sale.com
Acreage For Sale
302
TENKILLER LAKE, new 3bd 3ba log siding beautiful home. Gated entry, 1 mile to Pine Cove Marina, sell house & 38 ac. for $395,000 or house & 1K ac. $265,000. Great Investment Property. Owner, 918-640-8556 PIEDMONT OPEN SAT 2-4 & SUN 2-5 Model home. New hms on 1/2 ac lots. From NW Expwy & Sara Rd go 4.5 mi N Cleaton & Assoc 373-2494 1N to 10A, E. of OKC, pay out dn. before 1st pmt. starts, many are M/H ready over 400 choices, lg trees, some with ponds, TERMS Milburn o/a 275-1695 paulmilburnacreages.com OWNER FINANCING 1-28 Acres Many Locations Call for maps 405-273-5777 www.property4sale.com SE 164th & Air Depot, extra nice 5 acre corner building lot with pond, excellent area. A steal at $59,900! Fidelity Real Estate 692-1661, 410-4300 Norman: Extra Sharp 2bd Home w/1car garage, tastefully decorated, ch/a, park like O acre lot, nice area, only $93,900! Fidelity RE 410-4300, 410-4200 CASHION acreages 6-12 ac tracts w/owner fin possible Lisa 919-5717 Cleaton & Assoc 373-2494 Call for Maps! See why we sell more acreages than anyone in Okla. E of OKC. o/a 275-1695 10 ACRES CLOSE IN DIBBLE Owner carry, 226-2015. 2 or 3bd House E of Harrah 2K A, small barn. TERMS Milburn o/a 275-1695
Farms, Ranches For Sale, Okla. 308 For Sale 90ac farm, 3 ponds, barn, 2800 sqft home 3BR, 3BA, kit, fml dining, 3 liv, 2 fplc's, mudroom, util, lrg cov'd porch, patio, 2 car carport, sec sys, storm shelter, storage bldg. In Blanchard, 405-485-3786 or 972-342-4076. 1,390 acres Range Land, 1K mi. River frontage, Excellent hunting. Greer County, 580-706-0085
RE for sale Bethany/ Warr Acres
311
Bank Owned 4/3/2 blt 06 2021sf .41ac trees $154.9k Realty Experts 414-8753
Bank Owned Brick 3/1/1 1338sf, 1.15 acres, Mid-Del Schls, fireplace $48,900 Realty Experts 414-8753
OKC Northwest
324
OPEN SUN 2-4 8813 NW 136th Pl Westlake Mayberry Deer Creek schls 3 bd w/off $158,000 Marian 850-7654 Cleaton & Assoc 373-2494 Crestwood Historic Area. 2 bedroom, brick home, built in 1930s. Need someone to qualify to take over loan payments. 405-397-0687 NEW LISTING 2/2/2 approx 1688' on 1.92 ac MOL. $139,900 Lisa 9195717 Cleaton & Assoc 373-2494 Open Sat 12-2 CONDO 2B 2B 2616 Featherstone $103,900 obo 503-4491
OKC Southeast
325
BANK OWNED 3/1.5, 2 liv, brick, 1112sf, ch/a $38,000 Realty Experts 414-8753
OKC Southwest
326
OWNER FINANCING $2000 down No Credit Ck 3208 SW 38 3/1 $49,000 596-4599 » 410-8840 5824 S. Shartel Avenue Sharp 2bd, 1ba, 1car Seller pays closing. $43,500 ¡ 550-2145 OWNER CARRY 3bd 1ba ch&a remodeled $3k dwn 3116 SW 51st, 348-2108
Piedmont
327
4bd 2.5 ba on 1 ac MOL abv grnd pool, sprinkler sys, storm shlt. $218,500 Lisa 919-5717 Cleaton & Assoc 373-2494 PIEDMONT OPEN SUN 2-4 4bd 2.5 ba on 1/2 ac MOL 3249 Topaz Meadows $202,500 Richard 313-1726 Cleaton & Assoc 373-2494 PRICE RED 4/2/3 on .28 ac MOL Must see! $172,000 Lisa 919-5717 Cleaton & Assoc 373-2494
Open Houses 334.2 Edmond-Sunday. 2-4pm 3/2/2, big rooms, beautiful updates inside & out. 1500 sqft, 813 NW 138. $126,000, 323-0387 OPEN SUN 2-4 8813 NW 136th Pl Westlake Mayberry Deer Creek schls 3 bd w/off $158,000 Marian 850-7654 Cleaton & Assoc 373-2494 PIEDMONT OPEN SAT 2-4 & SUN 2-5 Model home. New hms on 1/2 ac lots. From NW Expwy & Sara Rd go 4.5 mi N Cleaton & Assoc 373-2494
Open Houses 334.2 PIEDMONT OPEN SUN 2-4 4bd 2.5 ba on 1/2 ac MOL 3249 Topaz Meadows $202,500 Richard 313-1726 Cleaton & Assoc 373-2494
Industrial Property
336
HUNTING LAND 40A Caddo Co $40,000 160A Caddo Co $200,000 320A Caddo Co $384,000 320A KingfisherCo$480,000 HUNTING LAND LEASE Tillman Co, Deer, Quail, Dove, Ducks 160Ac $2000 Tumbleweed Terr. RE John McElroy 580-569-4213 HUNTING/RANCH LAND 450 acres on year round live water creek N.of Gage, OK. Deer, turkey and quail habitat w/all weather road access. 918-368-2547
Mobile Home Parks Community /Acreages 338
$100 lot rent for 6 months. Move Your Mobile Home FREE!
Or...$5000 towards a New Home. 9 Communities in NW, SW, SE (Moore), MWC, Choctaw...Offer Expires 7-31. Call for details 405.326.5728
Mobile Homes, Manufactured Houses 339 Close to Tinker & Carl Albert Schls, 2001 Clayton double wide, 1800 sf, great cond, large covered front porch, 3 bed, 2 bath, MIL plan, 2 dining, fp, large kitchen & utility, lots of extras, must see to appreciate, $40,000 obo, or qualify & assume payments, 405535-3132 or 739-0843. Huge Summer Clearance Sale! Own Land/Family Land ZERO Down. Instant Rebates up to $8000. Use toward furniture, land improvements, etc. Your choice. E-Z Approval by phone 405-631-7600 wac
Foreclosures 3&4 bd on Lg acreage several to choose from Financing Available 405-324-8010 $5000 Towards Your New Home! You Pick the Home, You Pick the Lot! 9 MH Communities in SW/NW/SE (Moore) MWC/Choctaw. Call for Details 405.326.5728
3bd. Quiet Area, Great Schools $549mo includes lot 405-324-8000 THCOK.com Buyer Lost Financing New 4 Bed on 2.25 acres Ready to move in! FHA & VA Approved www.midstatehousing.com 405.527.5669
Huge 4bd/2 living E-Z Qualify, nice area 405-577-2884
developer J.W. Mashburn. Fillmore Design Group designed the house. Arvest Bank is handling the construction loan. More donations are needed. “We can’t do this alone. We really need the community to help by donating
Mobile Homes, Manufactured Houses 339
Industrial Property For Rent 361
'93 Fleetwood, refurbished 3bd, 2ba, all appls carpet, Yukon Schools, in park $19,900 ¡ 324-7566
INDUSTRIAL FACILITY FOR LEASE 201 ARLINGTON DR. YUKON, OK 15,000 Sq. Ft. w/6 offices. 5 ton Gaffey Crane and Electrical Package. Excellent Location. Near 66 Hwy. and Turnpike. $5,000 / Mo. net. net. net. 405-820-9286
3/2 Bath Repo set up in quiet park. Ready to move in Free phone app 631-7600
Office Space For Rent
Abandoned D/W set up on 5 acres. Brick foundation, driveway, ready to move in. Free phone application 405-631-7600
Over 100 Repos on Land or 0 down w/your Land! WAC 866-764-3200,405-631-3200 1995 Classic 16x80, 3bd, 2ba, Granada Village,Lot 237, $12k 405-659-4248 Rent to Own: Nice 2&3bd MWC $350&up 390-9777
Real Estate Auctions
342
ABSOLUTE AUCTION ¡ COMMERCIAL ¡ ¡ DEVELOPMENT ¡ ¡ BUILDING SITE ¡ 16.234+/- ACRES OKC ~ EDMOND AREA NO MINIMUMS ON TRACT #2 MON. OCT. 24th 10 AM Rockwell & 150th St Edmond, OK More info 866-874-7100 LippardAuctions.com
363
NW 39th & Meridian Highly Visible Corner, 1500 SF for LEASE, 11 OR 47 mo. term Detached, large metal storage shed included 4417 NW 39th Street 405-206-2567 Lrg offc, reception, storage facing busy street. Strip Mall at NW 122nd & Rockwell. 760-3224 GREAT Office Space Various NW locations 300-6000sf 946-2516
Warehouse Space For Rent 363.5 6000sf Warehouse Ofcs 13919 N. Harvey Ave Oklahoma City,OK 73114
$99 Special
1 & 2 BD & Townhouses •City bus route/Shopping •Washer/Dryer hookups
Valencia Apts 2221 N. Meridian
946-6548
$200 OFF
PARKLANE
8108 N. MacArthur Blvd. »»» 721-5455 »»» Walford Apts-Midtown518 NW 12 large 1bd 1ba 1100sf $900mo $800dep washer/dryer hookup. Studio 600sf $650mo $575 dep. Basement efficiency $425mo $325dp 409-7989
$79 SPECIAL!! Newly remodeled 1 2 & 3 beds Putnam Green 405-721-2210 $199 Move In Specials Now taking applications on 1 and 2 bdrm. apts. Second Chance leasing. 405-524-4971 Florence Apt-429 NW 11 Midtown Studio 600sf 1bd 1bath free Laundry $675mo $400dep409-7989 Briargate Apts 1bd 1ba 850sf, wood flrs, elec only $550mo $300dp 409-7989 No Sec 8 K off Special
Quiet Casady!
2 bed $550
I BUY & SELL HOUSES 27 YRS EXP 650-7667 HOMESOFOKCINC.COM
Apartments
Vacation Property For Sale 347
Bethany/ Warr Acres 420.5
Lake Texoma water front, Alberta Creek, 2 bed, 2 bath, furnished, $110,000, 580-656-2999.
$99 Move In Special 1 & 2bds, carports, coin lndry $345-445 470-3535
MWC
424
Established Business For Sale
Free Month Rent! 1&2bd QUIET! Covered Parking Great Schools! 732-1122
Dry Cleaning Co. in Enid. Must sell due to health. Good cash flow for largest Cleaners in Enid. Creative financing. For info call 580-484-3054.
OKC Northwest
Business Property For Rent 360 Nice newer car lot for lease. 1200sf building includes office & 2car gar. Lot measures 95x180. 3417 N Shields, Moore $2500mo 405-826-2853 Nichols Hills shopping center, 7608 N Western. 1200sf MOL, $1300/mo. $1300 dep. Call 370-1077 BEST PRICE FOR RETAIL SPACE¡4000sf only $1990 NW 50/Meridian 924-1622
751-8088
1bd 1ba $350mo, stove, fridge, very clean 818-4089
346
431
$99 MOVE IN
Selected Units LARGE TOWNHOMES & APARTMENTS • Washer, Dryers, pools • PC Schools, fireplaces
WILLIAMSBURG 7301 NW 23rd
787-1620
800 N. Meridian 1bd All bills paid 946-9506
2 Bedroom Townhomes in NW OKC - Gated . All major appliances. 1 Covered parking included. Starting at $789 mo. Call for specials!! » 751-9390
Duplexes
3 bed, 2 bath, 2-story, near I-35. $850mo, $850dep. Call 919-6678
Del City
443.5
2&3bd, 2ba newly remod, close to Tinker on Sooner Rd, Ross, 405-370-6188
453
Furnished/Unfurnished Bills Paid » Wkly/Monthly Wes Chase Apts, Elk Horn Apts, Hillcrest 370-1077 $99 Move In Special!!! Lg 1 and 2 Bdr, $345 to $420 mo. 632-9849 Santee Apts. 1 bd $350 a month 685-2909 The Gardens SW 74. 1 bed $400 & $420 No Pets. 681-9722
438
»»»»»»»»»»»»» » Yukon All Bills Paid » » 1 bd From $550 Move» » 2 bd From $650 In» » 3 bd From $740 Today» » Open7days/wk354-5855 » »»»»»»»»»»»»
468
Houses All Areas- Free List 4 bed from $595-1295 3 bed from $495-995 2 bed from $395-795 605-5477 2545 SW 59th Near Tinker, 2bd, 1ba 10328 Bellview Drive new stove & tile $675+dep. 405-595-7655
475
2930 NW 12th large 1bd duplex, water paid $395 3232 NW 28th 2/1 $475 3925 NW Liberty 2/1 $495 681-7272 4133 NW 57, 3/2/2, PC Schl, granite, new appls, carpet & paint $975mo, No Sec 8/Pets 285-1619 K Off Special 904 NW 109 3bd 2bath 2car 1200sf $875/mo $800dp 409-7989 no sec 8 3bd, 2ba, 2car, with office, fenced, $1,250/mo. +$700dep. (405)816-3704 or 921-3822 3 br, 2 ba, 2 liv area, 2car 2400 sq ft, Blueridge Addn, $1100/month 580-445-5741 3bd, 1ba, ch&a, No Sec 8, no pets, $650mo + $400 dep. 789-4525 lv msg » Darling 2Bd, 2Ba, garage» Good Area, Nice! V. Clean PC Schls $725. » 685-0332
3bd 2ba, ch&a, c. fans, new carpet, 1 car, fenced yard, $625+deposit, 3305 Willow Creek. 769-8800
» 6448 W Hefner-Ski Isld Lux Dupl 1800sf 3/2.5/2 FP, fans, appls, deck, balc. exc cond $995 ¡ 721-1831
4/2/2, 1600sf, ch&a, near I-40, Good neighborhood, close to schl. 304 S. Bell $750 No Sec. 8¡426-5497
3/2/1 fresh remodel. PC Schls. $1200mo. Alice Fitz, Paradigm 503-5755
Nice lrg 2 bd, liv, 2 din, stove, frig, h/w flrs, upstairs, 1823 Gatewood Ave, $560, 301-5979.
3712WoodsideDr3/1/1 $495 1105 Hickory Ln 3/1/1$525 681-7272
2 bed duplexes & house, $400 and up, nice, 314-9606
1829 Tim Dr. 3bd, 1.5ba $725mo + $600dep Sec. 8 OK. 936-9058 O/A
3/1 $715; 4/1 $800; sec 8 okay; non smoke/pets; 440-2858
444 E. Babb $485 • 303 W Lilac $550 • 510 E. Curtis $575 & others 598-7846
Big 2.2K sf 4bd/2liv/2ba 2car. FP. PC schls. $1200 mo $800dep 921-3297
3 Bed 1.5 Bath, 1 Car Garage, $690/mo. Section 8 OK. 205-2343
7616 Kathryn Way, 3/2/2 ch/a, fp, fncd, utility, 1yr $925+$800dep. 722-8878
1016 Willowbrook 3bd w/den $750/mo 408-5836
Nice home great neighborhood $745mo call 361-2401
2621 NW 50th 2bd 2ba 1car 1200sf, $850, $750 dep, no Sec 8 409-7989 1814 N Drexel-upstairs, wood floors, ch&a $550 + dep. 314-9511 Large 1bd 2609 N Dewey $425 +gas/elec 232-9101
Yukon
460
Duplexes, 3 bed, 2 bath, 2 car, some new, some gated, call Rick, 405-830-3789.
Garage Apartments
461
Gas Pd Nice Efficiency $360 1608 NW 16th 232-9101
$99 SPECIAL Lg 1bdr, stove, refrig., clean, walk to shops. $345 mo. 632-9849
MWC
OKC Northwest
4617 NW 19th. 2bd, 1.5ba, large kitchen, private patio, $700/mo+utilities, non smoking, no pets, no Sect 8. 942-0724
OKC Southwest
»»»»»»»»»»»»» » SW All Bills Paid » » 1 bd From $550 Move» » 2 bd From $650 In» » 3 bd From $740 Today» » Open7days/wk681-7561» »»»»»»»»»»»»
466
3600 NE 143, 3bd 2.5ba 2car, total elec, ch/a $1050 mo, $1050 dep 370-1077
K Off Special Garage Apt 523K SW 26 1bd 1ba 650sf $325/mo $175/dep 409-7989
433
Edmond
924 Fox Ridge 4/3.5/3$2395 16417 Old Oak 3/2/2 $1895 2805VeronaWy2/2.5/2$2495 2075RaineysBlvd4/2/3$1895 14509 Wicklow 4/3/3 $1695 1929 Chaparral 3/2/2 $1795 1808 Parklane 4/2/2 $1350 1522 Concord 3/2.5/2 $1295 8413LaurelOak3/2.5/2 $1295 Express Realty 844-6101 www.expressrealtyok.com
Moore Condominium $1200 + Dep. 3 bed, 2 bath, 2 car w/ appl. 408-8432
•ABC• Affordable, Bug free, Clean » 787-7212»
Yukon ALL BILLS PAID $189 FIRST MONTH ALL FLOORPLANS No hidden charges 293-3693 DREXEL ON THE PARK
Condominiums, Townhouses For Rent 441
OKC Northwest
Plaza 1740 NW 17 1bd 1bath 800sf $500mo $250/deposit 409-7989
I BUY HOUSES Any condition. No cost to U 410-5700
Commercial RE
431
MAYFAIR Great location! 1/2 bd W/D hdwd flr quiet secure ngbrhood ¡947-5665
Owner carry with down Nice homes and fixers James • 417-2176
Real Estate Wanted
OKC Northwest
Furnished/Unfurnished Bills Paid » Wkly/Monthly Wes Chase Apts, Elk Horn Apts, Hillcrest 370-1077
345
This is a drawing of the home, designed by Fillmore Design Group, that homebuilders Perry and Quannah Rice want to build for Chad Peery. PROVIDED BY FILLMORE DESIGN GROUP
Washer/Dryers, Fireplaces PC Schools-Townhouses
SEE CLASS 806 2 Day Auction-Blaine Co., OK. Land & Minerals.
Real Estate Notices
all aspects of the home from lumber to landscaping. Also, approved medical equipment, which involves rails, lifts and monetary donations,” Quannah Rice said. To donate, call 202-5571 or 285-9782.
Hotels/Motels 462
$595 2bd 1ba, very clean, stove, fridge 818-4089
Moore
469
HOUSE FOR RENT Everything furnished, Kitchenware, Bed Linens, By the day, Week or Month. 414-1464. 3 Bedrooms. corporatehousing oklahoma.com Reasonable Rates. 3/2/2 1550 sf fp
$950
Home&RanchRlty 794-7777
Furnished/Unfurnished Bills Paid » Wkly/Monthly Wes Chase Apts, Elk Horn Apts, Hillcrest 370-1077
2608 Queensbury3/1/1$550 1513 SE 6th 4/1.75/2 $1095 681-7272
RE for rent
3 bed, 1.5 bath, carport, fenced backyard, CH&A, $705+dep, 405-691-8183
Del City
465.5
OKC Northeast
474
Houses All Areas- Free List 4 bed from $595-1295 3 bed from $495-995 2 bed from $395-795 605-5477 2545 SW 59th
Luxury 3 bed, completely renovated, $750 mo + dep, sec 8 okay, 1101 Campbell Rd, 204-4308.
3bd, 1.5ba ch&a, c. fans, 2c, fncd yd, 4845 Koelsch Dr. $725+dep. 769-8800
701 NW 111 3bd 2ba 2car Sec 8 ok $695 RedbudRealEstate.com or 748-8520
1920 Karen Dr 2/1 2208 Doris 2/1 681-7272
$425 $450
3/1.5/2 ch&a, nr OUHSC Okc fncd bkyrd $800/mo $400 dep 405-250-8333 4100 Kim. 3 BR, 1.5 BA, ch&a, gar, lrg yard, no pets. $725+dep 672-8996 3bd/3ba/2car, ch&a $750mo, $600dep 3508 Leonhardt Dr 414-5530
1120 NE 19th 3/2 $595 1708 N Elton 2/1 $395 681-7272
OKC Northwest
475
13305 Green Valley Dr Executive Home 4bd 3ba 2car, Edmond Schls, 2500sf Granite Counters, Covered Patio & more $1550mo $1550dep 409-7989
»» SECTION 8 OK»» 3bd, 1149 NW 81st 942-3552
OKC Southeast
476
OKC Southwest
477
2 bd, fenced yard, 1 car gar $550mo, $300dep, 2608 SW 27th¡631-5695 3bd, CH&A, appls, ceiling fans, no pets ¡ $550mo 505 SW 26th St. 721-3757 2337 SW 49th St. $395+dep 2bd/1car attach Hestand RE, 685-6817 Rental List at 4524 S May 1-4 Beds from $325-675 SW Home Rentals 681-7272 920 SW 48 3bd 1bath $550/month 408-5836 2741 SW 30 2bd 1 bath $395/month 408-5836 3315 1/2 SW 28 2bd 1bath $595/mo 408-5836
Tuttle/ Newcastle
481
3bd, 1ba, 10 min S. of Blanchard $700mo w/ opt to buy. 925-229-1742 3bd, 1ba, 10 min S. of Blanchard $700mo w/ opt to buy. 925-229-1742
Village/ Nichols Hills 481.5 1119 Park Manor 3 bed, 2 full & 3 half baths, 2car, office, wd flrs, $1650mo, $1500dp TMS Prop348-0720
Norman
473
1229 Sumac, 2000+ sf executive home, 3bd 2ba 2 living, 2 car, on nicely landscaped cul-de-sac lot, $1450 mo Fidelity RE 410-4300, 692-1661
Yukon
482
Houses All Areas- Free List 4 bed from $595-1295 3 bed from $495-995 2 bed from $395-795 605-5477 2545 SW 59th
2501 Renwick 4/3/3 $1995 4605 Jay Matt 4/2/3 $1295 Express Realty 844-6101 www.expressrealtyok.com
824 SE 22nd 1/1 $375 925 SE 70th 3/1.5/2 $550 681-7272
4/2/2 new carpet/paint, 1 blk to Elem schl, $950, no pets/smoking, 354-6418.
3/1 900sf, 1.5 acres, no horses $650+dep WAC Home&RanchRlty 794-7777 3 bedroom, 2 bath, 2 car, fenced backyard. Sec 8 Ok. $700+dep. Call 850-0011 319 SE 60TH 2bd 1 bath $475 a month 408-5836
OKC Southwest
477
Houses All Areas- Free List 4 bed from $595-1295 3 bed from $495-995 2 bed from $395-795 605-5477 2545 SW 59th 2936 SW 48 Remodeled, beautiful 3bd 1ba 1car 1100sf $700 mo, $600 dep. 409-7989 no section 8 1138 SW 77 Ter Sharp 3bd 2ba ch/a fireplace, fresh paint, clean $675 Fidelity410-4300, 692-1661 House for Rent SW-OKC Large 4+bed/2bath/2car $1,395/mo +Dep 405-312-5819 Lg 3bed, Huge storage bldg, fenced, stove/ref. $525mo 596-8410 609 SW 45th spacious 3bd 2ba, nice area, $595 Fidelity410-4300, 692-1661
4141 NW 28 3b 1ba $725 RedbudRealEstate.com or 748-8520 3/2/2 409 Conestoga Dr no pets, $925/mo plus $925 dep. 203-9121
Mobile Home Rentals 483 Rent to Own: Nice 2&3bd MWC $350&up 390-9777
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SATURDAY, OCTOBER 8, 2011
Permits Oklahoma City Triad Design Group, 7767 S May Ave., school, erect, $21,000,000. Nabholz Construction, 5224 E Interstate 240 Service Road, medical clinicoffice, erect, $12,500,000. Landmark Construction, 500 NE 4, office, erect, $4,900,000. NE Construction LLP, 6700 W Memorial Road, apartment, erect, $732,900. Carriage Homes, 1501 NW 158, residence, erect, $700,000. Vineyard Homes LLC, 10325 Ashewood Drive, residence, erect, $485,000. Cornerstone Homes By Chris Moock LLC, 12509 Bell Oak Road, residence, erect, $465,000. Crafton Tull, 1808 S Prospect Ave., manufacturing, erect, $450,000. Blue Ribbon Construction LLC, 8621 SW 58 Circle, residence, erect, $340,000. J.E. Dunn Construction Co., 4140 W Memorial Road, medical clinic-office, remodel, $300,000. Manchester Green Homes LLC, 1501 NW 186, residence, erect, $288,950. Blue Ribbon Construction LLC, 5901 St. James Place, residence, erect, $270,000. Manchester Elite Homes LLC, 14424 Caledonia Way, residence, erect, $267,000. Scott Guilliam Construction Inc., 12617 SW 54, residence, erect, $238,000. Raywood Homes, 10828 NW 34, residence, erect, $221,000. Manchester Elite Homes LLC, 14601 Paddington Ave., residence, erect, $217,950. Heartland Homes LLC, 2433 NW 174, residence, erect, $213,738. Heritage Construction, 3537 W Memorial Road, business, remodel, $210,000. 4 Corners Construction LLC, 14600 Sable, residence, erect, $203,000. Taber Built Homes LLC, 15308 Homecoming Drive, residence, erect, $200,000. Taber Built Homes LLC, 15404 Homecoming Drive, residence, erect, $200,000. Old World Design Build LLC, 17412 Marsh Hawk Court, residence, erect, $200,000. Old World Design Build LLC, 2433 NW 176, residence, erect, $200,000. Kimray, 4301 N Santa Fe Ave., office-warehouse, remodel, $200,000. American Building Contractors & Developers LLC, 5801 St. James Place, residence, erect, $200,000. J.R. Bowers Jr. Construction Co. Inc., 10900 Kristin Court, residence, erect, $190,000. Gary Owens Carpet & Construction Inc., 11924 SW 18, residence, erect, $190,000. Taber Built Homes LLC, 19209 Butterfly Blvd., residence, erect, $180,000. Taber Built Homes LLC, 19205 Butterfly Blvd., residence, erect, $180,000. D.R. Horton, 11232 NW 97, residence, erect, $178,300. D.R. Horton, 11213 NW 96, residence, erect, $178,300. Prime Development, 9217 NW 75, residence, erect, $170,000. 2k Country Homes LLC, 9301 Megans Way, residence, erect, $165,000. 4 Corners Construction LLC, 14500 Almond Valley Drive, residence, erect, $163,000. Ideal Homes of Norman LP, 18512 Mesa Road, residence, erect, $150,000. Design Development Service, doing business as Elite Quality Homes, 12617 Lapis Lane, residence, erect, $137,700. Westpoint Homes, 5924 NW 151, residence, erect, $130,000. Westpoint Homes, 15304 Misty Park Drive, residence, erect, $130,000. Rausch Coleman Homes LLC, 3025 SE 95, residence, erect, $130,000. Rausch Coleman Homes LLC, 3021 SE 95, residence, erect, $130,000. Rausch Coleman Homes LLC, 3101 SE 95, residence, erect, $130,000. Ideal Homes of Norman LP, 2412 SW 139, residence, erect, $127,000. D.R. Horton, 2305 NW 154, residence, erect,
$116,200. Ideal Homes of Norman LP, 517 Christian Lane, residence, erect, $110,000. Harbor Homes, 104 SW 173, residence, erect, $110,000. Harbor Homes, 409 SW 171, residence, erect, $110,000. Rausch Coleman Homes LLC, 11816 NW 133, residence, erect, $109,000. Rausch Coleman Homes LLC, 11501 SW 25 Terrace, residence, erect, $109,000. Rausch Coleman Homes LLC, 11505 SW 25 Terrace, residence, erect, $109,000. Rausch Coleman Homes LLC, 11509 SW 25 Terrace, residence, erect, $109,000. Rausch Coleman Homes LLC, 11513 SW 25 Terrace, residence, erect, $109,000. Rausch Coleman Homes LLC, 11509 SW 24, residence, erect, $109,000. Ideal Homes of Norman LP, 13320 SW 3, residence, erect, $102,000. Ideal Homes of Norman LP, 2400 SW 137, residence, erect, $101,000. Turnage Construction Inc., 13800 Lago Strada, residence, add-on, $100,000. Rausch Coleman Homes LLC, 8505 SW 47 Circle, residence, erect, $100,000. Rausch Coleman Homes LLC, 8517 SW 47 Circle, residence, erect, $100,000. Rausch Coleman Homes LLC, 8509 SW 47 Circle, residence, erect, $100,000. Ideal Homes of Norman LP, 18408 Agua Drive, residence, erect, $98,000. Jeff James, 4317 SW 36, warehouse, add-on, $90,000. Kurt Keeter, 3617 Wimberley Drive, residence, add-on, $87,000. Willis (Don) Custom Homes Inc., 6015 S Frisco Road, residence, add-on, $85,000. Janice Maitino, 7607 E Wilshire Blvd., residence, remodel, $70,000. G.H & Associates Inc., 724 NW 18, accessory, erect, $70,000. Billy and Maryann Campbell, 15400 Mountain View Road, manufactured home, move-on, $62,855. Ronald D. Smith, 10609 S Broadway Ave., residence, add-on, $60,000. RBA Architects, 11600 Broadway Extension, office, remodel, $50,000. Napco Construction Inc., 8201 Roby Road, residence, remodel, $50,000. Turnage Construction, 2815 NW 10, retail sales, remodel, $50,000. Joseph John Tardiff, 6309 N Allison Drive, residence, fire restoration, $48,000. Blair Renovation & Design, 16625 Kingsley Road, residence, remodel, $42,000. Wisby (Emmitt), 3244 NW 21, residence, add-on, $40,000. Site Quest Ltd. (Engineer), 11224 NE 141, towerantenna, install, $40,000. Site Quest Ltd. (Engineer), 5007 S Shields Blvd., tower-antenna, install, $40,000. Sahi LLC, 1521 S Czech Hall Road, retail sales, erect, $40,000. Tonya Creakman, 3308 SE 89, manufactured home, move-on-mobile home park, $36,999. Tinker Federal Credit Union, 1901 SE 15, school, remodel, $30,000. Jason Treadway, 18300 SE 164, manufactured home, move-on, $27,900. Robert Colquitt, 19801 SE 125, manufactured home, move-on, $27,000. Bobby Boyd, 4601 SE 139, accessory, erect, $27,000. Edwin Levine, 920 NW 102, residence, add-on, $25,000. Brookdale Senior Living, 7535 W Hefner Road, nursing home, remodel, $25,000. Brookdale Senior Living, 2500 SW 89, nursing home, remodel, $25,000. No name provided, 2435 NW 122, nursing home, remodel, $21,997. U.S. Beef Corp., 5117 N Shartel Ave., office, remodel, $20,000. Richards Metal Buildings, 12900 SW 95, residence, erect, $20,000. Molly C. Hall, 3308 SE 89, manufactured home, move-on-mobile home park, $20,000. Daniel Gober, 12201 Edwin Road, storage, erect, $20,000. Spudology LLC, 6241 Northwest Expressway, restaurant, remodel, $18,000.
REAL ESTATE Southwest Builders, 5112 NW 20, residence, add-on, $15,400. Leggett & Platt, 6828 Melrose Lane, office-warehouse, remodel, $15,000. Trinity Group Architects, 3030 Northwest Expressway, office, remodel, $15,000. Dandy Homes, 600 SW 134, manufactured home, move-on-mobile home park, $15,000. Healthcare of America, 5401 N Portland Ave., medical clinic-office, remodel, $14,000. John and Zenda Chase, 9401 Rose Ridge Drive, manufactured home, move-on, $13,000. Gregory Hooks, 323 NE 59, residence, add-on, $12,000. Daniel Gober, 15412 SE 44, storage, erect, $12,000. Tower Investments, 3213 SW 42, residence, fire restoration, $10,000. Quality Interior Design Inc., 7141 S Western Ave., office, remodel, $8,500. Wayne Haswell, 650 SW 164, accessory, erect, $8,000. Robert Lobato, 151 Philbrooke Drive, residence, add-on, $8,000. Lue Nelson, 2400 S MacArthur Blvd., manufactured home, move-onmobile home park, $8,000. Frank Celusta, 1100 NW 84, residence, erect, $8,000. Dave Soos, 1915 N St. Clair Ave., residence, remodel, $6,500. Melba Barber-Unruh, 3713 SW 38, storm shelter, install-storm shelter, $6,300. Lue Nelso, 2400 S MacArthur Blvd., manufactured home, move-on-mobile home park, $6,000. Earl Tillary, 3709 East Ave., residence, remodel, $6,000. Lue Nelson, 2400 S MacArthur Blvd., manufactured home, move-onmobile park, $5,000. Charles Walworth, 16004 Teesdale Road, storm shelter, install-storm shelter, $5,000. S.T. Development, 13801 S Broadway Ave., cabanagazebo, erect, $5,000. Roy Lee, 1705 NW 171, storm shelter, install-storm shelter, $4,600. Elisa Mount, 16013 Promontory Road, storm shelter, install-storm shelter, $4,500. Brent Linford, 8509 NW 106, residence, installstorm shelter, $4,500. James Franks, 4205 NW 148, storm shelter, installstorm shelter, $4,335. Tabitha Cosgrove, 9416 Southlake Drive, storm shelter, install-storm shelter, $4,300. Connie and Lloyd Woods, 2924 SW 140, residence, install-storm shelter, $4,295. J. David Walsh, 10009 Forest Glade Drive, storm shelter, install-storm shelter, $4,100. Walter Northcutt, 2640 NW 152, residence, installstorm shelter, $4,000. Jerry Shelton, 3005 SW 93, storm shelter, installstorm shelter, $4,000. BRB Contractors, 5520 E Hefner Road, temporary building, move-on, $4,000. Allan Hauck, 5705 NW 31 Terrace, storm shelter, install-storm shelter, $4,000. Robert Adams, 1033 SW 108 Terrace, storm shelter, install-storm shelter, $3,925. John Mathena, 17500 Egrets Landing, storm shelter, install-storm shelter, $3,825. Jose Salazar, 1622 W Park Place, storage, erect, $3,500. Discount Remodelers, 13125 Marsh Lane, canopycarport, add-on, $3,433. Daniel Rodrigues, 10200 NW 45, storm shelter, install-storm shelter, $3,395. Curtis Fitzgerald, 11924 NW 6, storm shelter, install-storm shelter, $3,300. Holly Wallace, 2817 SW 139, storm shelter, installstorm shelter, $3,295. No name provided, 1809 NW 163 Circle, storm shelter, install-storm shelter, $3,250. Jerri Shuler, 8609 S Virginia Terrace, storm shelter, install, $3,200. Mike Petrikenas, 1324 NW 192 Terrace, storm shelter, install-storm shelter, $3,000. Jay Foote, 17709 Rich Earth Lane, storm shelter, install-storm shelter, $3,000.
Brian Shaffer, 2105 Mulberry Creek Ave., storm shelter, install-storm shelter, $3,000. Judy Nail, 124 SW 133, storm shelter, install-storm shelter, $2,999. Timothy Adams, 15400 Bay Ridge Drive, residence, install-storm shelter, $2,995. Shelly Battisti, 3136 SW 139, storm shelter, installstorm shelter, $2,995. Sergio Hernandez, 6132 SE 57, storm shelter, install-storm shelter, $2,995. Nancy Seabolt, 15608 Camellia Road, storm shelter, install-storm shelter, $2,995. Leonard Dorton, 2605 SE 95, storm shelter, erect, $2,995. Jamie Hart, 1505 NW 186, storm shelter, install-storm shelter, $2,995. Dennis Gammon, 8721 NW 73, residence, installstorm shelter, $2,995. Barbara Gayle, 9204 Candlewood Drive, storm shelter, install, $2,995. Esther Kinney, 6809 Old Orchard Lane, storm shelter, install-storm shelter, $2,975. Ronald Dame, 404 Westridge Drive, storm shelter, install-storm shelter, $2,900. Ramana Gudapati, 2240 NW 157, residence, installstorm shelter, $2,800. Ralph Rogers, 2524 NW 117, storm shelter, installstorm shelter, $2,800. Oliver Jackson, 1904 NW 193 Circle, storm shelter, install-storm shelter, $2,800. Jane Childress, 8401 NW 105, residence, installstorm shelter, $2,800. Davis Tran, 2817 SW 128, residence, install-storm shelter, $2,800. Carolyn Weaver, 12229 SW 7 Circle, storm shelter, install-storm shelter, $2,800. Carol Glass, 10404 Amy Way, storm shelter, installstorm shelter, $2,800. Jeremy Campbell, 15808 Sheffield Blvd., storm shelter, install-storm shelter, $2,795. James Wood, 4917 SE 58, storm shelter, installstorm shelter, $2,795. Khlie Viet Nghiem, 8313 NW 63 Terrace, residence, install-storm shelter, $2,765. Nancy Mai, 7313 Sandlewood Drive, residence, install-storm shelter, $2,700. Myron Mayberry, 409 NW 150 Court, residence, install-storm shelter, $2,700. Eva Cox, 11809 Sorrento
THE OKLAHOMAN | NEWSOK.COM Lane, storm shelter, install-storm shelter, $2,600. D.R. Horton, 19413 Hawthorne Branch Drive, storm shelter, install-storm shelter, $2,600. D.R. Horton, 9612 Squire Lane, storm shelter, install-storm shelter, $2,600. Alloy Building, 4012 SE 51, canopy-carport, addon, $2,400. Tracy Hignite, 2813 Warwick Drive, residence, add-on, $2,000. CPX, 2424 SW 29, retail sales, remodel, $2,000. Gildardo Martinez, 3828 Geraldine Ave., residence,
add-on, $1,500. Dorothy Smith, 1316 NW 7, residence, remodel, $1,500.
Demolitions Ray’s Trucking, 2414 W Park Place, garage. K&M Dirt Services LLC, 112 NW 7, office. K&M Dirt Services LLC, 1000 NW 37, residence. K&M Dirt Services LLC, 736 SE 27, residence. Ray’s Trucking, 2414 W Park Place, house. K&M Wrecking LLC, 3636 N Western Ave., vacant.