The Oklahoman Real Estate

EREAL ESTATESATURDAY, JUNE 9, 2012 THE OKLAHOMAN | NEWSOK.COM

It’s a scenario that still happens,despite the sobering realities ofthe real estate market in recentyears. A lender tells homebuyersthey’re entitled to borrow morethan they expected.

Good news? Not necessarily.Keith Gumbinger, a vice presi-

dent with HSH Associates, amortgage-publishing firm, saidthat even now, with stringentlending standards, some home-buyers can borrow more than isprudent.

Sean Sebold, a veteran financialplanner, said, “There are lots ofreasons to be conservative on howmuch you spend for a house. Onefactor is that if you overbuy andcan’t afford it, you’ll be hit withmajor transaction costs to sellyour home and buy a smaller one.”

How is it possible to borrowmore than you should for a homepurchase?

The explanation is that lendersdon’t know everything about theirborrowers’ living costs. For exam-ple, homebuyers seeking a mort-gage needn’t disclose that theyface high costs for their toddlers’

day care or that they’re helpingcover a mother’s nursing homebills.

“The lender is blind to every-thing but the income and liabili-ties on your record,” said Sebold,who’s affiliated with the NationalAssociation of Personal FinancialAdvisors. “The problem is mostpeople don’t actually reduce theirspending the way they expected toafter moving to their new house.They keep spending as much asever on restaurant meals, traveland expensive hobbies.”

Here are a few pointers forhomebuyers:

I Watch out for mortgagebrokers who push hard for busi-ness.

Although there are fewer peopleworking in mortgage lending than

during the housing boom, thosestill in the field are now competingas aggressively as ever for loans,Gumbinger said, and many workon commission, meaning theydon’t get paid unless their deals gothrough.

Do lenders want homebuyers toborrow more than they should rel-ative to their financial situation?Generally not, Gumbinger said,but neither are they driven to dis-suade borrowers from doing so.

“It’s not the mortgage lender’sresponsibility to protect you fromyou,” he said.

I Get a grip on your financesbefore taking out a mortgage.

Because reducing your expens-es could be even harder than re-ducing your weight, Sebold advis-es that the best way to determinehow much you can afford forhousing is to analyze your spend-ing over a recent three-month pe-riod. Then assume you’ll spend asmuch or more after you buy ahome, adding in extra costs for theproperty, such as hardware andlawn supplies.

In fact, Sebold encourages rent-

ers to simulate what they wouldconfront if they faced higherhousing costs each month.

“Suppose you’re now paying$1,500 a month for rent but plan tospend $2,500 for a house pay-ment. While still living in yourapartment, put an extra $1,000 amonth in a savings account andsee if you can live on the rest ofyour income,” he said.

I Set an upper limit on howmuch you’ll spend for a home.

Even if you have two incomes,and believe your jobs are secure,Sebold said you’ll want to add in afinancial buffer when calculatingwhat you can afford for housing.

After gaining mortgage pre-ap-proval, he urges you to set a firmupper limit on how much you’llspend before heading out to lookat property. Put this number on anindex card and carry it in yourpocket, he said.

“You should always know thatnumber before going out to buy,”he said.

To contact Ellen James Martin, email her [email protected].

UNIVERSAL UCLICK

Avoid borrowing beyond your meansEllenJamesMartin

SMARTMOVES

When it comes to build-ing a house in a week, tim-ing can be everything.

In the months leadingup to this week’s CentralOklahoma Habitat for Hu-manity Home BuildersBlitz, Home Creationsplanned, bringing togethersuppliers and subcontrac-tors for planning sessions— complete with a Power-Point presentation outlin-ing the timeline.

“It’s all about the timemanagement that oneweek, because if one guydoesn’t show up on time,he’s going to affect every-one else down the line,”said M.J. Farzaneh, HomeCreation’s constructiondirector for the OklahomaCity area.

It’s a lesson the Moorecompany’s crew learnedthe hard way during theirfirst Builders Blitz in 2006.

“We didn’t know howcertain things were goingto go and the amount oftime we had to build thehouse, so the first one wasa big learning experience,”Farzaneh said.

Subsequent blitz builds

in 2008 and 2010 goteasier.

The clock started tickingthis year the momentHome Creations and4Corners Homes, based inEdmond, broke ground on

two homes Monday inHope Crossing, the neigh-borhood developed byCentral Oklahoma Habitatfor Humanity at NE 83 andN Kelley Avenue.

“We’ll build it from slab

stage to roll-out-the-sodcomplete in seven days,”said 4Corners’ co-ownerDusty Boren in the daysleading up to the ground-breaking.

The blitzes began na-

tionally in 2002 when ahomebuilder in WakeCounty, N.C., joined withthe local Habitat for Hu-manity to recruit other

INDEX

Stone 6EPermits 9E, 10E

HOUSE PLAN

Sunny visionNo matter where you buildthe Oakland, it’s impossibleto look at the tile roof, stuccowalls and exterior, loadedwith windows, withoutthinking of sunshine.PAGE 10E

LISTING OF THE WEEK

Large homeon wooded lotThe Listing of the Week is atraditional two-story home with apool on a wooded 1.3-acre lot innortheast Edmond’s Belle Pointeaddition.

PAGE 8E

COURTRULES ONFEESIn a decision thatcould affect the feesconsumers pay inreal estate trans-actions, the U.S.Supreme Court hasruled that “un-earned” feescharged by lendersand others do notviolate federal lawas long as they arenot split with any-one else.

PAGE 4E

IN BRIEF

BUILDERSGROUP ADDSMEMBERSThe Central Okla-homa Home Build-ers Association saidit added four newbuilder members,one apprentice build-er member, 21 asso-ciate members andhad 55 membersrenew in April. Theassociation now has832 members, 368builders and 427associates, said KurtDinnis, president andowner of Sun Cus-tom Homes. “Theassociation has along history of en-couraging our buildermembers to ‘DoBusiness with Mem-bers,’ ” he said. “It isa great time to re-emphasize the im-portance of thislongtime tradition.”

PENDING HOMESALES FALL INAPRILPending home salesretrenched in Aprilfollowing three con-secutive monthlygains, but were high-er than a year ago,according to theNational Associationof Realtors’ PendingHome Sales Index.The economic in-dicator, based oncontract signings,declined to 95.5from a downwardlyrevised 101.1 inMarch, but was wellabove the April 2011level of 83.5. Thedata reflects con-tracts but not clos-ings. A one-monthsetback after manymonths of gainsdoes not change thefundamentally im-proving housingmarket conditions,said Lawrence Yun,the Realtors’ chiefeconomist. “Thehousing recoverymomentum contin-ues,” he said.

KennethHarney

THE NATION’S HOUSING

Blitz lets builders give back CENTRAL OKLAHOMA HABITAT FOR HUMANITY | PROJECT TAKES 2 HOMES FROM START TO FINISH THIS WEEK

BY DYRINDA TYSONFor The [email protected]

A Home Creations crew works on a new house for Hanina Dned in this week’s Builders Blitz by Central Oklahoma Habitat for Humanity inthe Hope Crossing neighborhood in northeast Oklahoma City. Moore-based Home Creations and 4Corners Homes in Edmond are partici-pating in the Builders Blitz. PHOTOS BY CHRIS LANDSBERGER, THE OKLAHOMAN

A 4Corners Homes crew member works on a new home for Stephanie Jones during Central Oklahoma Habitatfor Humanity’s Builders Blitz this week in the Hope Crossing addition at NE 83 and N Kelley Avenue. 4Cornersand Moore-based Home Creations are participating in the Builders Blitz.

SEE BLITZ, PAGE 2E

2E . SATURDAY, JUNE 9, 2012 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE

builders for an all-outweeklong building effort —and 12 builders construct-ed 12 homes in a week.

The effort went nationalin 2006, including inOklahoma City, with a goalof building 700 homesacross the country thatweek. This year’s goal is tosurpass 1,000 homes na-tionally.

On the ground, thattranslates not only into al-most split-second timing,but a spirit of cooperation.

“The first day every-body starts out really com-petitive, like ‘I’m going tobe first, I’m going to getmy house built,’ ” said AnnFelton Gilliland, CentralOklahoma Habitat’s CEO.

By the third day,though, the tone changes,she said, with the builders’teams helping each otherand shuttling tools backand forth.

“I mean, they’re justworking together and en-joying it. It’s just great funand fellowship out on thejob site,” she said.

Team effortBoren said it takes a

team effort, utilizingsquads of subcontractorsranging from framers topainters to tile experts,most of them working forfree. “There will literallybe hundreds of donationsof time and goods and ser-vices,” he said.

The blitzes offer sub-contractors something aswell.

“A lot of them want togive back and help thecommunity, and this a wayfor them to give back andhelp them be a part ofsomething bigger thanthemselves,” Boren said.

Oklahoma City officialskeep things moving, mak-ing sure inspections gothrough like clockwork.

“Normally you have towait on those inspectionswhen you call them in,”Farzaneh said. “It might bea week, it might be a cou-ple of days. With the build,though, the cities get in-volved and, of course,have their inspectors onsite for us when we needthe inspections. So it hap-pens pretty quick.”

At the center of it all arethe new homeowners.

Both are single mothers inthis case. One, the motherof a young son, has plans to

pursue a degree in physicaltherapy. The other is themother of three, who im-

migrated from the Sudan in2004 only to lose her hus-band to cancer shortly af-terward. Both wentthrough rigorous trainingbefore the first pound ofconcrete was poured.

“I’ve learned things Inever thought I’d have todo,” said Stephanie Jones,who will share her homewith her 3-year-old son,Devion Gonzales. “I knowhow to paint, we put mudon the walls, caulkingaround the house, how toframe a house — all kindsof stuff.”

By Monday, when Hab-itat representatives andwell-wishers usher thewomen into their newhomes, both will have in-vested more than just theirtime into the effort.

Jones said the open liv-ing room-kitchen conceptin her home has her think-ing ahead. “I’m alreadyplanning Thanksgivingdinner,” she said with alaugh.

LEFT: 4Corners co-owner Dusty Boren and newhomeowner Stephanie Jones and her son, Devion, areshown at the Central Oklahoma Habitat for HumanityBuilders Blitz, where Home Creations and 4CornersConstruction each will build a house in a week in theHope Crossing housing addition.

PHOTO BY CHRIS LANDSBERGER, THE OKLAHOMAN

A 4Corners Homes crew works on Stephanie Jones’ new house at the CentralOklahoma Habitat for Humanity Builders Blitz. PHOTOS BY CHRIS LANDSBERGER, THE OKLAHOMAN

A Home Creations crew works on a new house for Hanina Dned at the Central Oklahoma Habitat for HumanityBuilders Blitz in the Hope Crossing addition at NE 83 and N Kelley Avenue.

M.J. Farzaneh of Home Creations and homeownerHanina Dned are shown at the site of a Central Okla-homa Habitat for Humanity Builders Blitz.

Blitz: U.S. goal is 1K homes in weekFROM PAGE 1E

THE OKLAHOMAN | NEWSOK.COM SATURDAY, JUNE 9, 2012 . 3EREAL ESTATE

EDMOND — Rick andNancy Jackson have joinedPrudential Alliance Realty,3434 S Boulevard in Ed-mond, as residential realestate sales associates.

They have 17 years of ex-perience in real estate salesand customer service. Sheis an Oklahoma native, andhe grew up on a ranch nearCanadian, Texas.

Rick Jackson

Nancy Jackson

Jacksons joinPrudential

Linda Brundage has re-turned to Prudential Alli-ance Realty, 4101 NW 122,as a residential real estatesales associate.

She has returned toOklahoma City after livingand selling real estate inDallas for a time.Linda Brundage

Brundage backat Prudential

LOS ANGELES — Thenumber of U.S. homespurchased via short salehit a three year-high in thefirst quarter of the year, up25 percent from a year ear-lier, according to a reporton foreclosure-relatedsales.

Owners unloaded109,521 homes during thefirst three months of theyear for less than whatthey owed on the mort-gage, according to Irvine,Calif.-based data trackerRealtyTrac. Such transac-tions help homeownersavoid having their proper-ties repossessed by lend-ers, which must approvethe sales.

Short sales made up 12percent of all residentialsales during the quarter,fetching an average priceof $175,461, a record low.

“Financial institutionsare aggressively seeking tomove through their inven-tories of homes in defaultor scheduled for auction,”

said Stuart A. Gabriel, di-rector of the Ziman Centerfor Real Estate at the Uni-versity of California-LosAngeles.

“This is a positive signin the sense that clearingout this shadow inventoryis a precondition for thefull healing of the housingsector.”

The number of bank-owned homes sold slipped15 percent from the year-earlier period to 123,778units. Those propertiessold for $147,995 on aver-age.

Out of all U.S. homessold during the first quar-ter, 26 percent — or233,299 properties — werein some stage of foreclo-sure, according to Realty-Trac. That’s slightly morethan the 25 percent of salesin the same situation a yearearlier.

California had the sec-ond-highest percentage offoreclosure sales in thecountry, with 47 percentof home sales falling intothe category. Nevada hadthe highest with 56 per-

cent; Georgia was thirdwith 46 percent.

Compared with thefourth quarter, sales ofhomes in default, set forauction or owned by bankswere up 8 percent nation-ally but flat from a yearago.

At an average $161,214,such properties sold at a 27percent discount com-pared with an averagenon-foreclosure home.

Santa Ana, Calif., re-search firm CoreLogic re-ported recently that thenumber of homes strug-gling through foreclosureheld steady in March fromFebruary and fell from theyear-earlier period.

“The worst in foreclo-sures is over,” Gabriel said.“This is consistent with avariety of housing indica-tors, including sales,starts, inventories andpermits that suggest thatthe housing sector is slow-ly beginning to emergefrom the worst downturnof the post-Great Depres-sion era.”

Short sales boomto three-year highBY MCT INFORMATIONSERVICES

AKRON, Ohio — Long,long ago — say, back in the’90s — style dictated hid-ing our bulky televisionsets behind doors.

Today, TVs are sleek andslim, and we want to showthem off.

Incorporating televi-sions and home theatersystems into our homes ina visible but attractive wayhas led to a whole new setof decorating challenges —or opportunities, depend-ing on how you look at it.Electronics maker LG haseven coined a term for thisblending of technologyand decorating: “techorat-ing.”

The company has hiredJanna Robinson, a tech-nology consultant andhost of the DIY Networkseries “Hollywood Hi-Tech,” as its techoratingspokeswoman. I talkedwith her by phone recentlyto get her ideas for makingthe TV a part of the familyrather than an uncomfort-able intruder.

Robinson is a pragma-tist. While some peoplescorn the central role oftelevision in our lives, sherecognizes that a TV is of-ten the centerpiece of afamily gathering space.“You don’t want yourtechnology to dominatethe space,” she said, butyou want to work it intothe room in a way that op-timizes its use.

Start by putting the TVwhere it’s comfortable toview, she said. The usualrecommendation is to po-sition the TV so the middleof the screen is at theviewers’ eye level, about 42to 52 inches above thefloor. But there are otherschools of thought, shesaid, and sometimes thelimitations of the room re-quire different placement.

Generally you want toview the TV from a spotthat’s as close to head-onas possible, especially for

3-D TVs, Robinson said.However, she noted thatsome TVs are designed tobe viewed comfortablyfrom any angle. That’s trueeven of LG’s 3-D televi-sions, she said.

She’s a big proponent ofmounting the TV on awall, and she noted thatmany mounts are availablethat let you tilt the TV, pullit out from the wall andturn it to improve theviewing angle. She espe-cially likes OmniMount’sPlay 40, a mount that al-lows viewers to move a TVinto a variety of positionsto make it comfortable forgame-playing, exercisingand all sorts of uses.

If you choose to set theTV on a piece of furnitureinstead of mounting it,your options have im-proved, Robinson said.Even affordable TV furni-ture is designed to hidecomponents and wires.And even more good news:“It’s not as ugly as it wasyears ago,” she said.

Generally, plasma TVsprovide the best picture,Robinson said, but they’rebest viewed in the dark. Ina space like a family roomthat typically has ambientlighting, an LCD or LEDtelevision is a betterchoice, she said.

She suggests treatingthe TV wall as an accentwall and painting it a darkcolor to make the picturepop out. That will create asense of depth and “makeyour room look spectacu-lar,” she said.

Sound is also an issue,Robinson noted. Sound re-verberates in a room withbare walls and floors, shesaid, so it helps to add anarea rug and perhapsdrapes to dampen thesound. In a room with lotsof upholstered furnitureand heavy drapes, on theother hand, the sound canbe muffled. In that case,she suggests adding hardmaterials that reflectsound, such as book-shelves or pictures on thewalls.

Luckily, there’s no long-er a need to run speakerwires all over the place toget surround sound, shepointed out. Some systemshave wireless rear speak-ers, she said, and the qual-ity of wireless sound hasimproved greatly. Or con-sider a sound bar, whichapproximates surroundsound without all thespeakers, she suggested.

Those simplified formsof audio technology don’trequire professional in-stallation, but Robinsonsaid choosing the rightsystem can be confusing.She recommended re-searching options onlineand asking friends for rec-ommendations.

A big-box store mightnot provide the best guid-ance, she said, becausesalespeople there some-times have to deal with somany products that theyaren’t thoroughly educat-ed on specific items.

MCT INFORMATION SERVICES

A television hugs the wall of a living room in a home by Oklahoma City builder JeffClick. STEVE GOOCH, THE OKLAHOMAN ARCHIVES

BY MARY BETH BRECKENRIDGEAkron Beacon Journal

‘Techorating’ blendstechnology, decorating


Just minutes before shewas to join a girlfriend fordinner the other night,Jackie Smythe joked thatthe sole purpose for givingbirth to two daughters wasjust so they’d one day dec-orate her newest home.

“That’s why I wentthrough all that pain tohave them,” she said with atwinkle in her eye and ahearty laugh. “Thankgoodness I didn’t stop withone.”

At 82, Smythe, a resi-dent of Sunrise at IveyRidge, a senior living cen-ter in Johns Creek, Ga., isamong a growing numberof seniors who find them-selves with large housesbut no longer have chil-dren at home to fill therooms. And so they findthemselves tackling therather huge job of down-sizing their living spaces.

Smythe’s daughters re-cently turned her newone-bedroom, one-bathsuite into a home using amix of personal treasuresand recently purchaseditems that were at oncepretty and functional, a tipthey gleaned from HGTVdesigner and host EmilyHenderson.

Through a partnershipSunrise Senior Living haswith Henderson, who iscelebrated for her ability tomake spaces feel likehome, residents and theirfamilies can get help mak-ing the transition from alarge home to apartment-style living without sacri-ficing their personal styleand interests.

“A Sunrise principle ofservice is to celebrate theindividuality of every resi-dent, and that is exactlywhat I try to do as a de-signer,” Henderson said.“When someone walks in-to your room, it should feellike you.”

Henderson, founder ofStylebyEmilyHenderson.com, a daily style blog,said that creating spaces to

match a client’s personal-ity is her forte.

As part of the Sunrisepartnership, she provideda Comforts of Home De-sign Guide that the familyor their loved ones can useas a reference. That in-cludes everything fromsafety ideas to specificproducts they can buy.

“I would imagine it’s re-ally hard knowing what tokeep and what to throw orgive away when you’redownsizing after decadesof accumulating things,”she said.

Her main rule for get-ting it done?

Make sure an object orpiece is beautiful, func-tional or sentimental.

“If you have a lot ofstuff, then try and have anobject meet at least two ofthose criteria,” Hendersonsaid. “Obviously a piecethat meets all three ofthose criteria — a beauti-ful, comfortable chair thatyou purchased on your Pa-risian honeymoon, for in-stance — then you hold onto that chair for dear life.Pieces have to mean some-thing to you or be reallyfunctional and attractive;otherwise, hand it down ordonate it.”

The service waslaunched at Ivey Ridgeabout six months ago, saidYolanda Hunter, executivedirector.

“We wanted the indi-vidual suites to be as lovelyand inviting as our com-mon areas,” Hunter said.

“Plus we realized it’s reallyhard to downsize from ahome to an apartment andretain that personal feel.”

In most cases, Huntersaid, it’s residents’ chil-dren who request the helpeither through an interiordesigner or using Hender-son’s Design Guide avail-able on Sunrise’s website:www.sunriseseniorliving.com/designguide.

That’s what Smythe’sdaughters did.

Before moving into IveyRidge on March 14,Smythe had shared a four-bedroom, two-and-a-half-bath condo with herhusband, Bill, who died onValentine’s Day.

Because the couple firstdownsized in 2000, thecondo wasn’t extremelyfull of furniture and otherbelongings, but it was stillmore than Smythe need-ed.

“They really did the bigclean-out when theymoved from our childhoodhome … to the townhouse,” said daughterNancy Thompson, one ofSmythe’s four children.“That was the biggestpurge.”

Smythe said her favoritepart of the design is theshelving Torri created onone bank of walls.

“I was really excitedwhen I saw the televisionand the computer on thewall,” she said. “I wantedto tell everybody, and hereyou are.”


Jacqueline Smythe, center, sits in a chair inside her living room, which was deco-rated by her daughters Brenda Torri, left, and Nancy Thompson inside Sunrise ofIvey Ridge, a senior living center in Georgia. MCT PHOTOS

HGTV host’s decoratingadvice helps seniors

Jacqueline Smythe’s wedding photograph and familyphotograph sit on a table with a small plant inside herapartment in Alpharetta, Ga.

BY GRACIE BONDS STAPLESThe Atlanta Journal-Constitution

WASHINGTON — In a de-cision that could have sig-nificant impacts on thefees consumers pay in realestate transactions, theU.S. Supreme Court hasruled “unearned” feescharged by lenders andother service providers donot violate federal law aslong as they are not splitwith anyone else.

The court’s unanimousdecision effectively re-opens the door to contro-versial “administrative”fees levied by real estatebrokers, and could en-courage the practice ofmarking up of fees bymortgage lenders, settle-ment agents and othersthat had been banned byfederal regulators for thepast decade.

The ruling also repre-sents a stinging defeat forthe Obama administra-tion’s Department of Jus-tice and Department ofHousing and Urban Devel-opment — both of whichhad argued that chargingunearned fees is illegal —and may be a shot acrossthe bow of the new Con-sumer Financial Protec-tion Bureau, which inher-ited the task of policingmortgage and settlementabuses from HUD.

The decision, handeddown May 24, involvedcustomers of QuickenLoans, the online mort-gage company, who al-leged Quicken chargedthem “discount” fees butdid not provide them lowerinterest rates on theirmortgages, as is custom-ary. Each loan discountfee, or “point,” is equal to 1percent of the mortgageamount. The failure toprovide a lower rate, theplaintiffs claimed, meantQuicken pocketed theirfees without providinganything commensurate inreturn, which is a violationof the federal Real EstateSettlement Procedures Act(RESPA).

Quicken denied the bor-rowers’ allegations and ar-gued that, in any event, thesettlement procedureslaw, first enacted in 1974 tocontrol widespread kick-backs paid by title insur-ance companies to realtyagents and others, doesnot apply to situationswhere there is no split ofthe fees involved. Quick-en’s borrowers maintainedthat the law does applyand cited a policy state-ment issued by HUD pro-hibiting imposition of feeswhere no actual work orservice is provided to justi-fy them.

History of disputesDisputes over real estate

and lending fees have ledto a lengthy series of courtbattles in recent years,with some federal districtand appellate courts sidingwith industry interpreta-

tions of the law and otherssiding with federal regula-tors and consumers. TheSupreme Court acceptedthe Quicken case in part toresolve the differencesamong the judicial circuitsso there would be a uni-form legal standard on feesnationwide. The court’sruling does not, however,affect state laws that pro-hibit certain fees or prac-tices, including unearnedsettlement or mortgagecharges.

Though the Quickencase centered on a lender’sfees, realty brokeragecharges also have comeunder attack using HUD’sregulatory interpretationof the law. In a major fed-eral case decided in Bir-mingham, Ala., in 2009, acourt ruled that a realtyfirm’s add-on fees violatedthe law. In that case, a $149extra fee was imposed byRealtySouth, a subsidiaryof HomeServices of Amer-ica, one of the largest bro-kerages in the country.Fees charged by other real-ty firms have been muchhigher — $250 or more insome cases.

Critics within the in-dustry, such as Frank Llo-sa, a lawyer and broker inVirginia, called such fees“bogus” and “designed toconfuse the customer andultimately charge themmore.” Defenders such asLaurie Janik, generalcounsel of the NationalAssociation of Realtors,said brokers “ought to beable to charge what they

need to make a profit” inan environment of risingexpenses and higher com-mission payouts to topagents.

After the RealtySouthruling, Janik urged brokersto disclose the extra fees asintegral parts of their com-pensation schedules — apercentage commission of,say, 6 percent, plus a setfee, say $500. Janik alsoargued that federal lawdoes not prohibit fees thatare not split with otherparties, and that RESPAwas never intended to be aprice-control statute —two views that were at thecore of the SupremeCourt’s decision in theQuicken case.

Where does this leavethe issue? Will lenders,settlement agents and re-alty companies start tack-ing on extra fees for them-selves, emboldened by thehigh court’s decision?Possibly. But legal expertswarn that there could bepitfalls ahead for firmsthat tack on outrageouscharges when no servicesare rendered.

Laurence Platt, a bank-ing attorney with theWashington, D.C., officeof K&L Gates LLP, cau-tioned that the ConsumerFinancial Protection Bu-reau “has its own inde-pendent ability to declarepractices unfair, deceptiveor abusive,” and could stillcome after companiesthat, in the bureau’s view,are gouging the public.

Ken Harney’s email address [email protected].

WASHINGTON POST WRITERS GROUP

‘Unearned’ lending feesget high court reprieve

KennethHarney

THE NATION’S HOUSING


Q: My 1950s home wasoriginally built with threebedrooms and one bath-room. Sixteen years ago,I added two more bed-rooms and two morebathrooms. A couple ofre-piping companies sug-gested I replace thedrainage line in the oldpart of my home, al-though they have notfound any leakage. I amnot sure if it is somethingI must do, or they justwant to have the busi-ness. Please advise.

A: The issue is one of ca-pacity more than leaks.When you add two bath-rooms, you are increasingthe amount of water andwaste flow that the oldsewer pipes have to han-dle. It could be that thecompanies you talked tothink that the originalpipes are too small for thatextra load, or they couldhave become partiallyclogged over the years.

If you are showing anysigns of slow-runningdrains or other problemsassociated with drainagefrom anywhere in thehouse, and you are able to

determine that it is not anisolated problem such as asingle clogged sink drain,then you would next wantto check to see if the exist-ing mainlines are damageor clogged.

There are companiesthat can put a cameradown the line to check forcracks, leaks and clogs. Ifthere is any damage to thepipes or if simple cleaningdoesn’t get the flow backup to normal, then newdrain lines are probably theonly answer.

Q: I have a bathroomwith a textured ceilingfrom which sparkly stuffhas come down on the ar-ea over the shower. Ineed to scrape off thetexture and install a ventfan. I would like a smoothceiling. What is the bestway to accomplish this?Pull down the wholething? The area is not toolarge, maybe 8 feet by 12feet.

A: There are a couple ofsteps involved in accom-plishing what you want todo, none of which is overlydifficult. You just want to

be sure you take your timewith each step to get goodresults.

First, though, a word ofcaution. Asbestos was acommonly used ingredientin ceiling textures until itwas banned in 1978. How-ever, existing stocks werestill allowed to be used up,so it appeared in homesthat were being built wellinto the 1980s. If yourhome was built any timebefore 1985, you need tohave a certified lab test theceiling material for thepresence of asbestos be-fore scraping. You can getmore information aboutasbestos and testing pro-cedures at the Environ-mental Protection Agen-cy’s website: www.epa.gov/asbestos.

If the material doesn’tcontain asbestos, scraping

the old ceiling is step one.Drape the walls and floorwith plastic sheeting tocontain the mess (this isdefinitely a messy proc-ess). Wear protectiveclothing, including gog-gles and a dust mask. Use aspray bottle of water, andspray a small area of ceilingtexture to get it fairlydamp, but not saturated.Then, use a 6-inch drywalltaping knife to scrape offthe material. Hold theknife at a low angle relativeto the ceiling so you don’tdig into the drywall.

Work your way acrossthe ceiling, scraping ev-erything off. You’ll quicklyget a feel for how muchwater to use, how muchpressure to apply, and howbig an area you can workwith at one time. Be sureyou get all the old materialscraped off.

Next, you’ll need toevaluate the condition ofthe drywall. Ceiling tex-ture can cover a lot offlaws, so you’ll probably befacing some drywall work.Use premixed drywallcompound and 6-inch and12-inch taping knives as

needed to smooth out anybad seams or other flaws.Take your time, especiallyif you’re not experiencedwith drywall work. Alloweach application of jointcompound to dry, sand itsmooth, then add a littlemore as needed. Since youwant a smooth ceiling, anyflaws you leave behind inthe drywall will showthrough the paint, soagain, take your time withthe application and thesanding.

Finally, apply a goodcoat of primer over thefinished ceiling, then oneor two coats of good-quality finish paint, ideallyto the entire room. Use asatin or semi-gloss paintto best resist the bath-room’s moisture. Yourhome center or paint storecan assist you with thebest choices for paint andprimer.

Q: My new tub is notlevel. On the verticalplane water drains well,but the surround isshimmed out 1.5 inches inorder to get a good fit atthe rim of the tub. I have

mortar on the slab for ex-tra support of the fiber-glass hanging tub. Will Ihave any problems otherthan the tub and sur-round leaning out awayfrom the wall?

A: Yes, there is the po-tential for problems withan installation like that. Iwould recommend thatfirst you remove the tuband surround from theopening.

Next, either remove theframing in the tub alcoveand redo it, or else shim itso that it’s both plumb andlevel.

You may need to taketwo-by-two or two-by-four lumber and rip it onan angle to create the longshims necessary to get thefaces of the studs plumb.Once everything is plumb,then you can reinstall thetub and surround, againusing a mortar bed underthe fiberglass tub for sta-bility.

Remodeling and repair questions? Sendemail to [email protected]. Allproduct reviews are based on theauthor’s actual testing of free reviewsamples provided by the manufacturers.

INMAN NEWS

PaulBianchina

HANDY @ HOME

Home addition raises plumbing concerns


DEAR BARRY: We arein contract to purchase ahouse, and our home in-spector found problemswith the old steam heatingsystem. A follow-up in-spection by a heating con-tractor revealed a crackedboiler. The sellers got threeestimates for the work, butthe expertise of these con-tractors is questionable,and their bids say very lit-tle about the scope of thework.

We have gotten our ownestimates from contrac-tors we trust, and theirbids are significantly high-er than the ones providedby the sellers. When we in-sisted that the work bedone by one of our con-tractors, the sellers’ agentsaid this was an “outland-ish” request. What is youradvice in this situation?

CharlieDEAR CHARLIE: There

is nothing outlandishabout wanting to ensurethat a heating system is in-stalled by people who aretruly qualified and whowill provide a safe and op-erational system. If thesellers and their agent findthis unreasonable, theyshould provide evidencethat their contractors arequalified and competent toinstall a heating systemthat will be safe and func-tional.

Hopefully you have an

agent of your own who willnegotiate on your behalf,rather than giving in to thesellers’ refusal. If they in-sist on using their owncontractor, then that con-tractor should resubmithis bid, providing specificdetails of the work to bedone. The contractorshould also provide his li-cense number and refer-ences of satisfied past cus-tomers. Stand strong.

DEAR BARRY: Mydaughter and son-in-lawbought a house 10 yearsago. Recently, while re-modeling their home, theyfound the well and holdingtank hidden behind a wall,and this has caused prob-lems with the countybuilding inspector. Howcould this have been over-looked by their home in-spector when they pur-chased the property?

JoyceDEAR JOYCE: The

most likely reason for thehome inspector to havemissed the well is that itwas concealed behind awall. Unless there wassome visible evidence,there may have been noway for the inspector tomake that discovery. Un-usual conditions such asthis are sometimes foundin a very old home, andmunicipal building in-spectors typically regardthem as “grandfathered,”rather than requiring up-grade to current standards.If the inspector presses theissue, your daughter andson-in-law may need todiscuss the matter with anattorney.

DEAR BARRY: Webought our house sevenyears ago, and our homeinspector said that the roof

would last about 12 moreyears. But this year westarted having leaks, andthree roofing contractorshave said the roof is wornout and needs replace-ment. Is the home inspec-tor liable now that sevenyears have passed?

ShirleyDEAR SHIRLEY: Pre-

dicting the longevity of aroof is something that canseldom be done with accu-racy. Home inspectorswho try to do this are fool-ish or inexperienced, andthey expose themselves toneedless liability. Afterseven years, it would bedifficult to hold your in-spector legally liable forfaulty disclosure, unless hestated the 12-year predic-tion in writing.

To write to Barry Stone, visit him on theweb at www.housedetective.com.

ACTION COAST PUBLISHING

Stand strong in dispute over contractor bidsBarryStone

INSPECTOR’S IN THEHOUSE

There is nothingoutlandishabout wantingto ensure that aheating systemis installed bypeople who aretruly qualifiedand who willprovide a safeand operationalsystem. If thesellers and theiragent find thisunreasonable,they shouldprovideevidence theircontractors arequalified andcompetent.

7ESATURDAY, JUNE 9, 2012THE OKLAHOMAN NEWSOK.COM


WASHINGTON — The nexttwo decades in housingmarkets depends largelyon the Echo Boomers.

That’s according topanelists at the “ShiftingDemographics and Hous-ing Choice: A Whole NewWorld?” session duringthe recent Realtors 2012Midyear Legislative Meet-ings & Trade Expo.

There are about 62 mil-lion echo boomers in theUnited States. Also called“millennials,” echo boom-ers are age 17 to 31. Accord-ing to the 2011National As-sociation of Realtors Pro-file of Home Buyers andSellers, younger home-buyer — those age 18 to 34— represent 31 percent ofall recent home purchases.

“We know that althoughmany young people maybe delaying home pur-chases in today’s economicclimate, most of them stillaspire to homeownership,”said Moe Veissi, presidentof the National Associ-ation of Realtors and bro-ker-owner of Veissi & As-sociates Inc., in Miami,Fla. “Realtors are commit-ted to ensuring that thedream of homeownershipcan become a reality forgenerations of Americansto come.”

During the session,economists from the Real-tors association, the Uni-versity of Washington andFlorida State Universitypresented research that il-lustrates the future ofhomeownership from agenerational standpoint.

“Demography is desti-ny,” said Lawrence Yun,

the Realtors’ chief econo-mist. “In that vein, demo-graphics can provide veryuseful insights into the fu-ture of housing and home-ownership, and the resultsof these reports indicatethat certain generationalshifts will have a signifi-cant impact on the real es-tate industry over the nexttwo decades.”

Economist Selma Heppidentified several key de-mographic trends on bothends of the housing agespectrum. The demand foraffordable, accessiblehousing will increase asthe 65-and-over popula-tion grows; at the sametime, as seniors leave theirhomes and move into as-sisted living and other ar-rangements, they will addto the current supply ofhousing.

Because of their sheersize, however, echo boom-ers will significantly im-pact the next two decadesin housing.

“Echo boomers repre-sent a long-term opportu-nity for a housing marketrecovery, but they arestruggling in the currenteconomic crisis,” Heppsaid. “Consequently, de-mand for rental housing islikely to climb in the nearterm.”

As a group, the echoboomers are more raciallyand ethnically diverse thantheir baby boomer par-ents. While 65 percent ofbaby boomers are white,only 55 percent of echoboomers are white. Echoboomers are also morelikely to be college educat-ed than previous genera-tions, and are remaining

single longer.Glenn E. Crenlin from

the Runstad Center for Re-al Estate Studies at theUniversity of Washingtonshared his insights into re-cent declines in home-ownership and whetherthose declines indicatepossible generationaltrends.

“It is worrying that thehomeownership rate forthose under 35 has fallenmore sharply than the ratefor older Americans,”Crenlin said. “But I thinkwe need to examine home-ownership rates by gener-ation in a more balancedway. Although the millen-nial generation does notown homes at the samepercentages of those inother generations, many ofthem are still in the earlystages of household for-mation — in fact, some ofthem are still in highschool.”

Crenlin presented datafrom the American Com-munity Survey that showsa significant increase inhomeownership amongmillennials when com-pared to baby boomers atthe same age.

While 900,000 house-holds in the millennialgeneration own their ownhome, only 500,000 babyboomer households own-ed their own homes at thesame point in their lives.

“Given these data, whatwe’re looking at in terms ofthe millennial generationis likely only a delay inhomeownership of three tofive years, not a long-termtrend away from home-ownership itself,” he said.

Echo boomers maydelay housing marketsFROM WIRE REPORTS

The Listing of the Weekis a traditional two-storyhome with a pool on awooded 1.3-acre lot innortheast Edmond’s BellePointe addition.

The 4,270-square-foothome at 2710 Chaumonthas four bedrooms, 4 ½baths, three living roomsincluding a study and up-stairs media room, twodining areas and an at-tached three-car garage.The living room has a fire-

place, built-in entertain-ment center and cathedralceiling. The kitchen has awraparound breakfast bar,beverage fridge, pantryand eating space. Themaster bedroom has awalk-in closet and bathwith double vanities andwhirlpool tub. Secondarybedrooms have walk-inclosets; two have fullbaths. The home has anopen deck, covered deck,hot tub, underground

sprinkler system and secu-rity system.

The home, built in2002, is listed for$630,000 with Karen Ble-vins of Churchill-Brown &Associates Realtors. Formore information, call330-0031.

Nominations for Listing of the Weekare welcome. Send information onsingle-family homes to The Oklahoman,Richard Mize, P.O. Box 25125, OklahomaCity, OK 73125. Nominations may befaxed to 475-3996.

LISTING OF THE WEEK

The Listing of the Week is at 2710 Chaumont in Edmond. PHOTO PROVIDED

Edmond 2-story homehas pool on wooded lot


Oklahoma CityCornman (Brent) Con-

struction, 11300 HillsdaleDrive, residence, erect,$1,185,000.

Hornbeek Blatt Archi-tects, 12001 Northwest Ex-pressway, bank, erect,$800,000.

Kirkpatrick Forest Cur-tis PC, 7007 SW 44, of-fice-warehouse, remodel,$500,000.

Lingo ConstructionServices Inc., 204 N Rob-inson Ave., office, remod-el, $463,620.

Lingo ConstructionServices Inc., 204 N Rob-inson Ave., office, remod-el, $463,620.

M.A. Plus Architecture,10901 SW 15, school, re-model, $395,000.

Manchester GreenHomes LLC, 1509 NW 187,residence, erect, $345,700.

Bronco Steel, 9910 WReno Ave., office-ware-house, erect, $345,000.

J. Hill Homes Inc., 9417SW 35 Terrace, residence,erect, $304,000.

4 Corners ConstructionLLC, 9909 Artena Court,residence, erect,$290,000.

4 Corners ConstructionLLC, 14701 Almond ValleyDrive, residence, erect,$280,000.

Cobanks ConstructionInc., residence, erect,$275,000.

Cobanks ConstructionInc., 13700 Cascata Strada,residence, erect,$275,000.

Castle Custom HomesLLC, doing business asCastle Creek Homes,10625 Pinewood ForestCircle, residence, erect,$256,000.


Mario Claravell, 5208 SE46, residence, supple-ment, $250,000.


Brass Brick PlatinumSeries Homes, 19113 Pine-hurst Trail Drive, resi-dence, erect, $243,000.

Foye Dale Webb Jr.,2020 NE 100, residence,erect, $235,000.

Braxton Homes LLC,4109 Wayfield Ave., resi-dence, erect, $230,000.



Brass Brick PlatinumSeries Homes, 19032

Meadows Crossing Drive,residence, erect,$205,000.

Baer Hall Homes, 17017Avila Lane, residence,erect, $200,000.

Baer Hall Homes, 17216Prado Drive, residence,erect, $200,000.


Baer Hall Homes, 17221Aragon Lane, residence,erect, $200,000.


R&R Homes LLC, 3004Brookstone Lakes Drive,residence, erect,$200,000.

R&R Homes LLC, 3417Canton Trail, residence,erect, $200,000.

Stone Creek HomesLtd., 4816 SW 126, resi-dence, erect, $200,000.

Stone Creek HomesLtd., 4809 SW 126, resi-dence, erect, $200,000.

Sooner Traditions LLC,2201 NW 192, storage,erect, $193,500.

Vesta Homes Inc., 4805SW 126, residence, erect,$190,000.

Heartland Homes LLC,11124 SW 41 Place, resi-dence, erect, $181,900.

Heartland Homes LLC,10805 MiddlesbroughLane, residence, erect,$181,900.

Heartland Homes LLC,11217 NW 7, residence,erect, $181,900.

J. Hill Homes Inc., 3905Wayfield Ave., residence,erect, $180,000.

Taber Built Homes LLC,2705 NW 173, residence,erect, $180,000.

Taber Built Homes LLC,17225 Ridgewood Drive,residence, erect,$180,000.

Vesta Homes Inc., 12201Fox Hill Way, residence,erect, $180,000.

D.R. Horton, 9816Squire Lane, residence,erect, $178,300.


Brass Brick PlatinumSeries Homes, 3321 NW163, residence, erect,$173,000.


Alberta H. Hatten, 8609S Rockwell Ave., resi-dence, erect, $160,000.

Tom VorderlandwehrInc., 9117 NW 90 Circle,residence, erect, $158,000.

Vesta Homes Inc., 12205Chesterfield Lane, resi-dence, erect, $155,000.

Vintage Custom HomesLLC, 9 SW 174, residence,erect, $155,000.

Lord of Life Lutheran

Church, 15400 N WesternAve., church, remodel,$150,000.

Smith & Pickel, 1000 NLee Ave., hospital, remod-el, $150,000.

Structural Systems,2425 S Ann Arbor Ave., of-fice-warehouse, erect,$150,000.

Dodson Custom HomesLLC, 18301 HaslemereLane, residence, erect,$146,400.

Mashburn Faires HomesLLC, 9501 WatercrestCourt, residence, erect,$146,000.

M&D Homes LLC, 11745SW 24 Terrace, residence,erect, $145,000.


M&D Homes LLC, 11724SW 24 Terrace, residence,erect, $140,000.



General Growth Proper-ties, 2501 W MemorialRoad, retail sales, remodel,$136,000.


Ideal Homes of NormanLP, 18421 Las MeninasDrive, residence, erect,$132,000.

Ideal Homes of NormanLP, 18528 Las MeninasDrive, residence, erect,$131,000.

Roberts (Corbyn)Homes Inc., 10700 SWalker Ave., residence,add-on, $123,000.

McAlister ConstructionInc., 9205 Lolly Lane, resi-dence, erect, $120,000.

Dowell Properties Inc.,400 N Walker Ave., office,remodel, $117,025.

Gardner Construction,500 W Main, office, re-model, $115,000.


Van Hoose Construc-tion Co., 4811 GaillardiaParkway, office, remodel,$100,000.

Vintage Custom HomesLLC, 13217 NW 1, resi-dence, erect, $100,000.



Ideal Homes of NormanLP, 2709 NW 186, resi-dence, erect, $83,000.

Central Oklahoma Hab-itat For Humanity, 8505 NPhillips Ave., residence,erect, $80,000.

Vintage Custom HomesLLC, 10620 SW 35, resi-dence, erect, $80,000.

Cat Scale Co., 7501 SChoctaw Road, equip-ment, install, $78,000.

Dowell Properties, 400N Walker Ave., office, re-locate, $76,875.

Ideal Homes of NormanLP, 11441 NW 131, resi-dence, erect, $75,000.

Clyde Riggs Construc-tion, 3500 S MacArthurBlvd., retail sales, remodel,$75,000.

Ideal Homes of NormanLP, 1117 SW 152 Place, resi-dence, erect, $74,000.


400 N Walker LLC, 400N Walker Ave., office, re-model, $68,075.

Trilink RestorationGroup LLC, 1219 NW 88,residence, fire restoration,$65,000.


Ward Construction,8822 Silver Hill Drive,parking, install, $60,000.

Black & Veatch, 12203 SMay Ave., tower-antenna,install, $51,820.

Burnham NationwidePermits, 6313 SW 3, retailsales, remodel, $50,000.


Enterprise Holdings,3407 Northwest Express-way , automotive sales,erect, $40,000.

Clyde Riggs Construc-tion, 3500 S MacArthurBlvd., storage, remodel,$37,500.

No name provided,10020 NW 134, accessory,erect, $35,000.

Champion Window Co.,12200 Hickory CreekBlvd., residence, erect,$29,000.


First Service Co. LLC,6317 N Meridian Ave., res-taurant, remodel,$20,000.

CMS Willowbrook,10900 N Sooner Road,school, remodel, $20,000.

Ideal Homes of NormanLP, 2909 Fawn Lily Road,residence, erect, $9,100.

Trilogy Real Estate, 9501S Interstate 35 ServiceRoad, canopy-carport,erect, $8,400.

Trilogy Real Estate, 9501S Interstate 35 ServiceRoad, canopy-carport,erect, $7,000.

Carrol Emery, 5108 Roy-al Ridge Road, manufac-tured home, move-on-mobile home park,$7,000.

Ceiling R Us Inc., 5713 S

Shartel Ave., residence,fire restoration, $5,000.

Satoru Teshirogi, 3204SW 140, storm shelter, in-stall-storm shelter,$4,700.

Antonio Rodriguez,12505 Carnelian Way,storm shelter, install-storm shelter, $4,595.

No name provided, 11201Woodbridge Road, stormshelter, install-storm shel-ter, $4,595.

No name provided, 312Chisholm Trail, stormshelter, install-storm shel-ter, $4,520.

Curtis Fensterer, 11204 NAnn Arbor Ave., stormshelter, install-storm shel-ter, $4,500.

Robert Croslin, 14701 SE84, storm shelter, install-storm shelter, $4,500.

No name provided,11300 Fiddlesticks Lane,storm shelter, install-storm shelter, $4,500.

Nathan and AllicedaStevens, 5909 GreenviewDrive, storm shelter, in-stall-storm shelter,$4,395.

United Renovations,9501 S Interstate 35 ServiceRoad, canopy-carport,erect, $4,200.

United Renovations,9501 S I-35 Service Road,canopy-carport, erect,$4,200.


United Renovatuins,9501 S I-35 Service Road,canopy-carport, erect,$4,200.


United Tenovations,9501 S I-35 Service Road,canopy-carport, erect,$4,200.

Unites Renovations,9501 S I-35 Service Road,canopy-carport, erect,$4,200.

Jacob Boyer, 3232 SW 111,storm shelter, install-storm shelter, $4,050.

Richard Jones, 3609 SW124, storm shelter, install-storm shelter, $4,000.

Sam Black, 11932 SW 18,storm shelter, install-storm shelter, $3,925.

John Mathena, 701 TallGrass Drive, storm shelter,install-storm shelter,$3,825.

Larry Wyatt, 15200 SW79, storm shelter, remodel,$3,500.

Vortech Storm Shelter,8200 N McKee Blvd.,storm shelter, install-storm shelter, $3,500.

City of OKC, 420 WMain, office, remodel,$3,500.

G&L Steelhammer

Trust, 10712 Walnut Hol-low Drive, storm shelter,install-storm shelter,$3,400.

John Dewitt, 16908Bradbury Circle, stormshelter, install-storm shel-ter, $3,400.

Shane Flenniken, 11005NW 103, storm shelter, in-stall-storm shelter,$3,400.

Ethan Nall, 4828 SW123, storm shelter, install-storm shelter, $3,395.

No name provided,2240 NW 198, storm shel-ter, install-storm shelter,$3,200.

Constance and MichaelPenney, 609 NW 167,storm shelter, install-storm shelter, $3,100.

Kevin Oravetz, 212 SW148, storm shelter, install-storm shelter, $3,095.

Richard Laturnus, 17001Picasso Drive, storm shel-ter, install-storm shelter,$3,095.

Alice F. Lawson, 4201NW 45, storm shelter, in-stall-storm shelter,$3,000.

Austin and HollyShroyer, 11705 SW 18, stormshelter, install-storm shel-ter, $3,000.

David R. Hager, 12515 SE29, storm shelter, install-storm shelter, $3,000.

David Stair, 6709 NW118, storm shelter, install-storm shelter, $3,000.

No name provided,3304 Preston Drive, stormshelter, install-storm shel-ter, $3,000.

Gumercindo Soto, 1241SW 19, residence, remodel,$3,000.

James Grayson, 1037 SW129, storm shelter, install-storm shelter, $3,000.

Jeremy and RebeccaSchinzel, 3101 NW 192 Ter-race, storm shelter, install-storm shelter, $3,000.

John Breckenridge,5009 Mackleman Drive,storm shelter, install-storm shelter, $3,000.

John Minter, 15800Sandstone Terrace, stormshelter, install-storm shel-ter, $3,000.

Josue Meraz, 420 SageBrush Road, storm shelter,install-storm shelter,$3,000.

Leon Hageman, 3109NW 66, storm shelter, in-stall-storm shelter,$3,000.

Long Luong, 28 CoronaDrive, storm shelter, in-stall-storm shelter,$3,000.

Paul Riedl, 3069 NW 35,residence, add-on,$3,000.

Paul Wetmore, 6508NW 115, storm shelter, in-stall-storm shelter,

Permits

SEE PERMITS, PAGE 10E

Bank Owned 3/2.5/2 blt 85brick, wood floors $87,900Realty Experts 414-8753

1229 NE 43 3bd/1ba $35Kobo Seller pays $5K in rprsEmery Realty 405-921-6606

Nice 1bed condo, ch/afridge, stove, washer &dryer incl., in ThousandOaks Addn, swimmingpool & tennis courts,only $24,900! Fidelity RE692-1661, 410-4200

3/2/2, fp, PC Schools,over $40K spent on up-dates, inside utilities,high end appliances, 2Kcar drive, 1424 sf mol,$118,900, 6024 N Meridi-an Place, 330-1880.

Open 6/3 2-4pm2800 NW 22 Cleveland

Elem 3bed/1ba $119,900405-473-0007

6508 NW 130th St. $123KOpen Sat/Sun 2-4; 3/2/2

Deer Creek schools.405-410-8000 Owner

11808 Blueridge Ct, 4bd3ba 3car w/pool 3781 sfLIKE NEW! $280K oboEmery Realty 405-921-6606

4101 NW 44 Open 2-4pm1 owner, 2/2/2 $143,500Bateman Co. 324-2022

904 SE 71st St 3/1.5/224,500 cash 650-7667

OWNER FINANCING$2000 down No Credit Ck1505 SW 45 2/1 $46,000544 SE 71 3/1 $1K down2728 Texoma 4/1 $5K dwn¡596-4599 ‘ 410-8840¡

BANK OWNED 3/1/1brick, 1015sf $41,500

Realty Experts 414-8753

JUST LISTED! 3/2/2 approx1646' w/2 liv lrg backydw/storm shlt $149,900AWESOME workshop

3bd 2.5ba on 1.84 ac MOL30 x 50 shop w/elec

$189,900 GREAT 3/2/3 on.61 ac MOL open flr planmaster w/private patio$169,900 Lisa 919-5717

Cleaton & Assoc 373-2494

PIEDMONT OPEN SUN 2-5Model home. New hms

on 1/2 ac lots. From NWExpwy & Sara Rd go 4.5

miNCleaton&Assoc373-2494

BINGER, OK between 1/2and 3/4 acres. Oak CliffLake Estates. Hwy 152 &Oak Cliff Dr. 405-818-5018 or 405-640-6598

Summerfield Addn, PatioHome lot. 12116 Cliff

Rose Dr, lot size45Wx95D (405)216-0443

Special Gov't Program!Own Land/Family landZERO DOWN! New andRepo homes avail. E-Zqualify by phone. Top

dollar for your TRADE in.$2,000 furn allowancewith purchase. WAC

405-631-7600 405-834-8814

Cash 4 Clunkers!Guaranteed $5,000 forany trade towards downpymt of new home. WAC405-631-7600 405-834-8814

Abandoned D/W Reposet up on 5 Acres!! Readyto move in. Free phone

application 405-631-7600

NEW 3bd/2bth$1500 down, 7.5%

$281mo. 405-324-8010

Double Wide REPOLike New $395mo. wac

405-577-2884

REPO REPO REPO4bd/3bth $648MO. wac

405-324-8000

2009 SolataireMobile Home 28x78Call (918) 740-5580

Rent to Own: Nice 2&3bdMWC $350&up 390-9777

LAND AUCTIONMcDonald County, MO928 Acres± . 2 Tracts

Pristine beauty w/unlimiteddevelopment potential.Improvements include7 bdrm home, cabins,

conference/reception hall,pool, barn, tennis & basket-ball courts. Located approx.20 mi. N of Bentonville,

AR or approx. 50 mi.S of Joplin, MO

Tues., June 26. 10 AMsullivanauctioneers.com

217-847-2160

Owner carry with down.Nice homes & fixers.

417-2176www.homesofokcinc.com

I BUY HOUSESAny condition. No cost

to U 410-5700

I BUY & SELL HOUSES27 YRS EXP 650-7667

HOMESOFOKCINC.COM

Grand Lake Monkey Island440ft water front withhouse, docks, restaurant(Ozzie's). Best reasonableoffer buys at the end ofsummer. Serious BuyersOnly! 918-257-5726

700sf Nice Office Spaceavail. on NE 23rd in NicomaPark $42,500obo. 323-3976

PRIME RETAIL LOCATIONI-35 frontage, showroom,

offices, warehouse10,800sf ¡ 8801 S. I-35Dale or Mike, 631-4447

3928 E. Reno $2000 mohouse & large 1500 sq ftwhse 601-5905 235-5028

7608 N Western AveRetail/Office space,

1200sf avail, 370-1077

GREAT Office SpaceVarious NW locations300-6000sf 946-2516

4000 sf Warehouse w/ofc, heat & air, 10,000sffncd yard, 10901 NE 23rdSt, Bldg C, Nicoma Park.

$1400 neg. ¡ 630-0394

K Office, K Warehousefor lease. Various sizes.

221 W Wilshire 842-7300

VERY, VERY QUIETNear mall, schls, hosp,

Try Plaza East 341-4813

Wilshire Valley Apts.Newly Remod 1, 2 & 3bedS8-get an extra bed withincome!. Call 475-9984.

$100 Off1st Mo Rent 1&2 BedroomsFurnished & Unfurnished

NEWLY REMODELEDGATED COMMUNITYCAVE CREEK

ON ROCKWELL3037 North Rockwell

495-2000

$150 off1st Mo Rent Selected Units

LARGE TOWNHOMES& APARTMENTS

• Washer, Dryers, pools• PC Schools, fireplacesWILLIAMSBURG

7301 NW 23rd

787-1620

$200 Off1st Mo RentSelected units

2 & 3 bed TownhousesWasher/Dryers,

Fireplaces, P.C. Schools

PARKLANE8100 N. MacArthur Blvd.

721-5455

$99 Special1 & 2 BD & Townhouses•City bus route/Shopping•Washer/Dryer hookupsValencia Apts

2221 N. Meridian

946-6548» Downtown View »

Florence 429 NW 11thMidtown Studio, WoodFloors, Exposed Brickwalls, Free Laundry ch/a$675 mo $400 deposit;409-7989 No section 8

Large 2bd $5751mo Free Casady751-8088

The Plaza 1740 NW 17th1bd 1ba, 800sf, ch/a,wood flrs, $550mo, $250dep 409-7989 no sec 8

525 SW 26th 3bed 2bath1 car garage, 1545 sf,ch/a, $700 mo, $400 dep,no sec 8 409-7989

Furnished/UnfurnishedBills Paid» Wkly/MonthlyWes Chase Apts, Elk HornApts, Hillcrest 370-1077

Nice, 2 bed, 2320 NW21st, $450 + deposit, no

sec 8, 412-0850 314-1484

» NO DEPOSIT » Large2bd 2ba 19th & MacArthur$475 & up 943-0907

MAYFAIR Great location!1/2 bd W/D hdwd flr quietsecure ngbrhood¡947-5665

•ABC• Affordable, Bugfree, Clean » 787-7212»

$99 SPECIALLg 1bdr, stove, refrig.,clean, walk to shops.$345 mo. 632-9849

Furnished/UnfurnishedBills Paid» Wkly/MonthlyWes Chase Apts, Elk HornApts, Hillcrest 370-1077

$99 Move In Special!!!Lg 1 and 2 Bdr, $345 to

$420 mo. 632-9849

» Furnished » 1bd $3302820 S Robinson 232-1549

3528 NW 51st gas, waterpaid 2 bed 1K bath$600 mo. 748-8520

redbudrealestate.com

YUKON, 2 bd, 2 ba, 2 cargar, $650 mo + $500 dep,No pets, 405-209-4084

Condos for rent, Thou-sand Oaks, 1br, carport,w/d, $500 » 924-7851

Newly renovated 2 bedduplex, CH&A, new bath &kitch. $625+dep. Sec 8 OK1524 NE 42nd. 204-4308

Bills PaidFurnished/Unfurnished

Weekly/Monthly 370-1077

3 bed, 1K bath, 2 car,ch&a, new carpet, fencedyard, $725 + dep, 4001SE 45th St, 769-8800.Others available.

3/1.7/2 ch&a, fenced,strg bldg, d/w, new tile& marble $795 550-5128

4412 SE 42 Ter 3/1.5/2$775Free List 681-7272

625 Firelane 3/2/2 $99522655SthrlyFrms3/2.5/5 $239516128CanteraCrk3/2/2$12951413 Folkstne5/3.5/2 $175014007CrossngWy3/2/2$895731 Rockridge 3/2/2 $9501710 Olde Schl 3/2/2 $1295Express Realty 844-6101www.expressrealtyok.com

OKC Schls, 3bd 1ba ch&a,fncd backyard, carpet,

Sec 8 ok $600mo $250dep1520 McDonald 733-0470

10717 Lejean, 2 bed, 1bath, fenced yard, $475 +

$300 dep, 769-2328.

9317 NE 14th 3/1.5/1 $525Free List 681-7272

108 S. Bristow nice3/1K /1 No pets or sec 8

$950 + dep 410-9777

3bd 2ba 2car fireplace1575sf $1275mo+dep WACHome&RanchRlty794-7777

3/1.5/2, 1001 Newport,$825 mo, $400 dep, nopets, no sec. 8, 799-4229.

Executive 1bed 1 bath$990/month or sale

$140,000. 405-205-2343

1317 NE 7th 3/1 $450Free List 681-7272

KAT Properties-Apt &Homes for rent. Scan

this with your phone app

Exec Home, Greens, 3liv,2 din, 3 bd, 2.5ba, 2car, FP,2700 sf, $1,450 mo, 4400Windsong Way» 755-6036

Rare Opportunity 2 bed,1.5 bath, 2 car gar, FP,lrg kitchen, Surrey HillsGolf Course 826-2345

Very nice 2/1/1 $525mo$400dep no pets 1301 NIndependence 732-4351

Nice 3bed 2bath 2carfncd yard $1000mo +$100dep. 214-600-2001

»» SECTION 8 OK»»1156 NW 91st , 3/2bd$695 per mo. 942-3552

Great 2b 1b 1c+shed, fphrdwd flrs, 3028 NW 68

$785. 830-3399

Valley Brook Cute 3bedw/stove, refrig, carport,$525 mo 596-8410

1 bed furn $375. 2bedtrailer unfurn $395. refsreq. $150dep, 321-4773

3212 Dumas Lane nice2bd home with 1cargarage, fresh paint, newcarpet, only $475 FidelityRE 692-1661, 410-4200

605K SW 34th Spacious1bd washer dryer hookupfridge, stove ch/a water &garbage pd $375 FidelityRE 692-1661, 410-4200

4041 SW 26th nice 2bdhome w/large storagebuilding, close to gradeschool.Only $425 FidelityRE 692-1661, 410-4200

8411 Wakefield spacious2bd duplex, 2 full baths,1 car garage, WestmooreSchools $700mo. FidelityRE 692-1661, 410-4200

1132 SW Binkley3/1/1 $525Free List 681-7272

For rent/sale, McLoud,3 bd, 2 ba, MH, 12 acres,

$900/mo, 414-4004.

207 Stanton 3/1/1 $695309 Potomac 3/2/2 $8252607 Shoreridge 3/2/1 $825Express Realty 844-6101www.expressrealtyok.com

Nicoma Park area, 3bd, 2ba,fenced, small quiet park,water, garbage, sewer paid$550+$300dep. 769-2328

Rent to Own: Nice 2&3bdMWC $350&up 390-9777

ROOM: share, kit, bath,laundry, cable incl. $375/mo + food. 405-551-0852

1N to 10A, E. of OKC,pay out dn. before 1st pmt.starts, many are M/H readyover 400 choices, lg trees,some with ponds, TERMS

Milburn o/a 275-1695paulmilburnacreages.com

OWNER FINANCING1-10 Acres

Many LocationsCall for maps405-273-5777

www.property4sale.com

Land LoansLots and Acreages

McClain Bank 527-6503Member FDIC

CASHION acreages 6-12ac tracts starting @$25,000 w/owner fin

possible Lisa 919-5717Cleaton & Assoc 373-2494

Unfinished home & 5A NEof Shawnee, potential 3bd,2ba, blacktop rd TERMS

Milburn o/a 275-1695paulmilburnacreages.com

PIEDMONT OPEN SUN 2-5Model home. New hms

on 1/2 ac lots. From NWExpwy & Sara Rd go 4.5

miNCleaton&Assoc373-2494

Call for Maps! See whywe sell more acreagesthan anyone in Okla.

E of OKC. o/a 275-1695

The Perfect 80 acres790241 S3400 RD Tryon

OK Beautiful rolling 80, 5ponds, Large horse barn

5bed, 2ba, 2600 2001$329,900 Carl C21

Premier 405-258-6096

NW OK, Alfalfa Co, excopportunity, hunting,grazing, good fences,water, windmill, 80-400acre tracts, 580-852-1093

420 ac, near Holdenville,small log cabin, Mt view,35% open, $375K 386-6629

OWNER FINANCING$2000 down No Credit Ck4010 Pearl Way 3/1 $54K¡596-4599 ‘ 410-8840¡

OPEN HOUSE SUN 2-42BD 1BA $68,900.

www.4516se23rd.com

Bank Owned 3/2/2 2073sf2 liv/din, .45 acre $89,900Realty Experts 414-8753

14009 Apache Dr 3bd +library, newer appls & a/c

2.5ba 2car $183K oboEmery Realty 405-921-6606

2817 Fairfield Dr 3bd 3ba2car 1800 sf. $135K oboEmery Realty 405-921-6606

Nice 3/2/3, 1871sf, built2001, granite, 2nd living/office, shop $164,900Realty Experts 414-8753

BY OWNER 3BR near LakeBest area $123.9K 603-4775

OKCNortheast 323

OKCNorthwest 324

OKCSoutheast 325

OKCSouthwest 326

Piedmont 327

Open Houses 334.2

Lots For Sale 337

Mobile Homes, Manufactured Houses 339

Real EstateAuctions 342

Real EstateNotices 345

Real EstateWanted 346

Commercial RE

Commercial Property For Sale

Offi ce SpaceFor Sale 356

Business Property For Rent 360

Offi ce SpaceFor Rent 363

Warehouse SpaceFor Rent 363.5

Warehouse SpaceFor Rent 363.5

Apartments

Edmond 422

OKCNortheast 430

OKCNorthwest 431

OKCNorthwest 431

OKCSouthwest 433

OKCSouthwest 433

Condominiums,TownhousesFor Rent 441

Duplexes

OKCNortheast 452

Hotels/Motels 462

RE for rent

Del City 465.5

Edmond 466

MWC 468

Moore 469

OKCDowntown 473.5

OKCNortheast 474

OKCNorthwest 475

OKCSoutheast 476

OKCSouthwest 477

Suburban 480

Norman 473

Mobile HomeRentals 483

Rooms For Rent 489

Acreage For Sale 302

Farms, RanchesFor Sale, Okla. 308

Farms, RanchesFor Sale, Okla. 308

RE for sale

Bethany/Warr Acres 311

Del City 313

Edmond 314

Moore 318


$3,000.Ron and Jan West, 624

SW 103, storm shelter, re-model, $3,000.

Steve Goodman, 11712NW 114, storm shelter, in-stall-storm shelter,$3,000.

Steve Guengerich, 15804Wild Creek Drive, stormshelter, install-storm shel-ter, $3,000.

Tony Claunch, 6416Sudbury Drive, residence,install-storm shelter,$3,000.

No name provided,15324 Elizabeth Drive,storm shelter, install-storm shelter, $3,000.

Andy Mitchell, 8504NW 112 Terrace, stormshelter, install-storm shel-ter, $2,995.

Brad Harness, 19101Summer Grove Ave.,storm shelter, install-storm shelter, $2,995.

Howard Bensinger,9804 S Drexel Ave., stormshelter, install-storm shel-ter, $2,995.

Jennifer Hunter, 14213 SHudson Ave., storm shel-ter, install-storm shelter,$2,995.

Julie Thomas, 1521 NW123, storm shelter, install-storm shelter, $2,995.

Margo Carpenter, 15804Creek Heights Drive,storm shelter, install-storm shelter, $2,995.

Oliver Holmes, 3100Wakefield Lane, stormshelter, install-storm shel-ter, $2,995.

Ramon Johnson, 9101Lolly Lane, storm shelter,install-storm shelter,$2,995.

Tuyet Tran, 12312 Wil-liamsport Ave., stormshelter, install-storm shel-ter, $2,995.

Winston Banta, 3213 SW99, storm shelter, install-storm shelter, $2,995.

Zachery and TorieMoore, 15500 Maple RidgeLane, storm shelter, in-stall-storm shelter,$2,995.

No name provided,11708 Shroyer Drive, stormshelter, install-storm shel-ter, $2,995.

No name provided,9204 Sue Anthony Lane,storm shelter, install-storm shelter, $2,995.

No name provided, 2128NW 157 Terrace, stormshelter, install-storm shel-ter, $2,995.

Alan and KatherineJones, 1452 SW 129, stormshelter, install-storm shel-ter, $2,900.

Anthony and Linh Jew,13113 NW 6 Circle, stormshelter, install-storm shel-ter, $2,900.

Danielle Goodrich, 3104SW 141, storm shelter, in-stall, $2,900.

Darryl Wingo, 4101Newburg Drive, stormshelter, install-storm shel-ter, $2,900.

Kate Scipione, 9116 NW99, storm shelter, install-storm shelter, $2,900.

Kenneth Oravetz, 2513SW 77, storm shelter, in-stall-storm shelter,

$2,900.No name provided, 1821

NW 194 Circle, stormshelter, install-storm shel-ter, $2,900.

Leroy and Latosha Dan-cy, 6105 NW 152, stormshelter, install-storm shel-ter, $2,825.

Trilogy Real Estate, 9501S I-35 Service Road, cano-py-carport, erect, $2,800.





No name provided, 9501S I-35 Service Road, cano-py-carport, erect, $2,800.





Trilogy Real Estate, 9501S I-35 Service Road, club-tavern, erect, $2,800.

Anna T. Vu, 10109 DoverDrive, storm shelter, in-stall-storm shelter, $2,795.

Daniel Johnston, 16909Autumnwood Drive,storm shelter, install-storm shelter, $2,795.

Maurice and CharlaJames, 1713 NW 161 Circle,storm shelter, install-storm shelter, $2,750.

No name provided, 4419NW 60, storm shelter, in-stall-storm shelter, $2,750.

No name provided, 12316Shorehan Court, stormshelter, install-storm shel-ter, $2,750.

Jose Bequera, 921SW 56,storm shelter, install-storm shelter, $2,500.

Leonor Medina, 1112 SW32, accessory, add-on,$2,500.

Alloy Building Co., 2529NW 13, canopy-carport,erect, $2,200.

Carmen Delia Rivera,3216 S Harvey Ave., cano-py-carport, add-on,$2,000.

Binu and James Vargh-ese, 2616 Renwick Ave.,storm shelter, install-storm shelter, $1,800.



Ted Parks LLC, 310 NW20, residence, remodel,$1,000.

DemolitionsM&M Concrete &

Wrecking Inc., 415 NE 13,duplex.

M&M Concrete &Wrecking Inc., 417 NE 13,duplex.

James Kruger, 1224 NE19, garage.

Michael L. Williams,2612 SE 38, residence.

PermitsFROM PAGE 9E

No matter where youbuild the Oakland, it’s im-possible to look at the tileroof, stucco walls and ex-terior, loaded with win-dows, without thinking ofsunshine. High archedwindows on every exteriorwall of this contemporaryMediterranean-stylehome add drama, insideand out, while capturinglight from every angle.

In the front, an archedarbor separates the drive-way from a lushly plantedentry courtyard. Statelycolumns flank the lofty ga-bled entryway. Viewedfrom the rear, the home isequally attractive. The ex-terior of the hexagonalgreat room, graced byhigh-arched multipanewindows on three sides,has a carousel feel to it. Apatio adds to the effect,wrapping around the en-tire back expanse.

The spacious kitchen isopen to the vaulted greatroom, with only an eatingbar between. Other amen-ities include generouscounter and cupboardspace, a step-in pantry,built-in range and oven,and an additional oven andmicrowave combination.

At the juncture of kitch-en and great room, an openstairwell spirals up to awide vaulted loft that isopen to the great room atthe rear and the entrywayin front. Side walls are 6feet tall, but the loft ismuch higher at the center.

Bedrooms are located atopposite ends of the Oak-land. The sumptuousowners’ suite features ahuge walk-in closet, over-

size spa tub, skylight,shower, private water clos-et and twin vanities. Theother two bedrooms share

another large bathroomthat also has two vanities.A review plan of the Oakland 10-037,including floor plans, elevations, section

and artist’s conception, can bepurchased for $25 by phone, mail oronline. Add $5 for shipping and handling.Associated Designs, 1100 Jacobs Drive,Eugene, OR 97402; www.associateddesigns.com; (800) 634-0123.

HOUSE PLAN

Home provides thoughts of sunshine

FORT LAUDERDALE, Fla. — Creatinginterest is something Venus Wil-liams has not had to worry about.

Tennis fans have been hooked foryears. She turned pro in 1994, hasheld the world No. 1 ranking and won21 grand slam titles in her career.

So, when Williams launched Jupi-ter, Fla.-based V*Starr Interiors in2002, her on-court celebrity droveinstant name brand recognition tothe company.

And a recent commission to de-sign a new model residence at luxuryoceanfront condominium OneThousand Ocean in Boca Raton, Fla.,marks her growing success from anentrepreneur to an interiors expert.

While Williams’s coming of age onthe tennis court has played out pub-licly, her growth as an interior de-signer has been more subtle. “It’sbeen one of the best kept secrets,”she said.

Only, not really.The V*Starr portfolio has a steadi-

ly growing clientele that includes theFlorida homes of NFL and NBA play-ers in Davie and Miami, model resi-dences in Delray Beach and PalmBeach Gardens; a hotel chain in Mia-mi; Burr Athletic Facility at HowardUniversity in Washington, D.C.; andthe Tavis Smiley show set in Los An-geles.

Williams acknowledges the hugelearning curve she faced, and she li-kens the pressure of proving one’sability on the tennis court to one’sability in the boardroom.

“You start at the bottom and learnalong the way. That still doesn’tmean they believe you can do thejob,” she said. “But I enjoy the proc-ess. I enjoy the battle.”

That’s good news for Jamie Tel-chin, president of development forLXR Luxury Resorts & Hotels, whooversees a variety of marketing strat-egies for One Thousand Ocean: bro-ker networking, charity events, lux-

ury fashion and jewelry shows; andtapping Williams to design a resi-dential unit.

In a push to sell the remaining 12 of52 units, Telchin’s team has workedto keep the property “fresh and newto prospective buyers, and Williamsis a good match at this point,” hesaid.

Developers broke ground on theresidences in 2007, sold their firstunit in 2010, and have closed on 40units since.

One Thousand Ocean is garneringstar power of its own: it was featuredon HGTV’s reality TV show, “SellingNew York,” and portions of the mo-vie “Parker,” featuring Jennifer Lo-pez, were filmed on site.

High-profile meets high-profile,Telchin said.

“With Venus’ fresh vision and hercelebrity, we felt she could opendoors to a new market,” he said.

Designed models help people seepotential, which also helps to sellunfurnished units of the same con-figuration, Telchin said. Two otherdesigned furnished models providedsimilar results.

V*Starr’s project is the property’sthird design model. Williams’ designreflects what a luxury lifestyle inSouth Florida looks like; and forthose who aspire for sun, fun andelegance, Telchin said.


Star power drives interior design firm

Tennis star Venus Williams gives atour of a luxury condo in BocaRaton, Fla., designed by her interi-or design firm V*Starr Interiors.

MCT PHOTO

BY CINDY KENTSun Sentinel

The Oklahoman Real Estate

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