The Oklahoman Real Estate

FREAL ESTATESATURDAY, JUNE 26, 2010 THE OKLAHOMAN | NEWSOK.COM

INDEX

Handy 3FPermits 8FHarney 10FCarter 12F

The Bellaire is a large yetcompact family home,designed for constructionon a narrow lot.PAGE 6F

HOUSE PLAN

Designed fornarrow lot

This week’s Listing of theWeek is a traditionalhouse with a pool, spaand cabana on a 1.2-acrecorner lot in northwestOklahoma City.

PAGE 6F

LISTING OF THE WEEK

Lots of roomavailable

See my “Challengeto Oprah,” and votefor me on www.Oprah.com untilJuly 3.

PAGE 11F

BRIEFS

EPA LEAD RULESEES DELAYThe EnvironmentalProtection Agency’sdecision to delayenforcement of newlead-based paintrules provides timeto get more remod-elers and other con-tractors trained andfor the EPA to tellconsumers the im-portance of hiring acertified remodeler,the National Associ-ation of Home Build-ers says. The EPAacknowledged thatremodelers in manyparts of the countryhave been unable toobtain training tocomply with the rule.Remodelers, electri-cians, heating andair-conditioningtechnicians andother contractorsmust follow lead-safe work practices.The EPA will nottake enforcementaction against firmsthat have been un-able to obtain certifi-cation until Oct. 1.

REALTY RULEAPPLIES TOWEB LISTINGSThe Oklahoma As-sociation of Realtorsreminds real estatelicense holders usingsocial networking tomarket listings or forany other licensedactivity that theymust indicate theirlicense status andtheir broker’s refer-ence as requiredunder advertisingrules effectiveThursday, the Okla-homa Real EstateCommission says.Sales associateswith their own Websites must includetheir broker’s refer-ence on every indi-vidual frame, andlicensees must pro-vide a license num-ber on all purchaseor lease contracts.For other rules goinginto effect in July, goto the OklahomaAssociation of Real-tors’ website, www.oklahomarealtors.com/ORECRules.asp.

FROM STAFF REPORTS

Facing health problems,a widower in his 70s wasready to put the ranch-style house he’d inhabitedfor more than 25 years onthe market immediately,take his profit, and moveaway to live with relatives.

But the man’s real estatebroker, Donna Clark, toldhim that trying to sell thehouse in “as is” conditioncould be a huge financialmistake. The place wasriddled with problems,which Clark detailed dur-ing a walk-through withthe owner.

“In a buyer’s market, theonly people willing to con-sider a house in poor con-dition are ‘bottom fishers.’And they’ll pay nothing foryour place,” said Clark,who’s affiliated with theCouncil of ResidentialSpecialists.

Though the widowerwas oblivious to hishome’s flaws, Clark sawthem clearly: The exteriordesperately needed re-

painting. Frayed carpetingand worn ceramic tile hadto be replaced. The kitchencried out for a cosmeticmakeover, along with anew dishwasher. And thewhole house needed a top-to-bottom scrubbing.

“It took more than twomonths and $6,000 to getthat house ready for mar-ket. But if the ownerhadn’t agreed to the im-provements, he wouldhave lost a lot more timeand money to do his salebefore moving on,” Clarksaid.

The widower’s story il-lustrates a harsh reality ofthe present real estatemarket. In most areas, on-

ly homes in excellent con-dition now fetch their fullasking price. The otherseither sell for a sacrificialprice or sit unsold for aprolonged period, saidMark Nash, a real estatebroker and author of “1001Tips for Buying and Sellinga Home.”

“Throwing a home onthe market in poor condi-tion is like advertising tothe world ‘take advantageof me.’ It’s a huge red flagfor attracting lowball bid-ders,” he said.

Here are pointers for thesellers of a home thatneeds extensive work:

› Search for a real estateagent willing to coordinateyour projects.

Homeowners facing fi-nancial hardship, such as apotential foreclosure, of-ten lack the time and mon-ey for needed property fix-es. But those with the re-sources to make the need-ed changes should do soand often benefit from the

help of a listing agent, asClark did for the widower.

Eric Tyson, a personalfinance expert and co-au-thor of “House Selling forDummies,” said an agentwilling to guide a fix-upplan can offer invaluablehelp to home sellers.

“The agent can screencontractors, secure pro-posals and help ensure thework is done right. Theycan also make sure that thehouse is kept locked upand secure in your ab-sence,” he said.

Of course, not everylisting agent is willing tocoordinate presale im-provements. Understan-dably, some agents believetheir expertise should befocused solely on market-ing a property. But otherswill enthusiastically assist,realizing that they, too,would benefit from a suc-cessful sale.

› Look for an assistantto help with your de-clut-tering chores.

It’s no secret that pros-pective buyers are turnedoff at the sight of a clut-tered home, yet Nash saidmost home sellers find thepresale process of cullingthrough their belongingsboth taxing and emotion-ally overwhelming.

So, to reach their finishline faster, Nash encour-aged sellers to place a clas-sified ad offering $7 to $15an hour for help sortingthrough their possessions.

Chances are your ad willattract neighbors, includ-ing teenagers, who areseeking part-time work forextra spending money.

“What you’re lookingfor is a person with lots ofenergy who will not onlyhelp you evaluate yourpossessions. They’ll alsohelp you with some of theheavy lifting, such aspacking and carrying box-es,” Nash said.

E-mail Ellen James Martin [email protected].

UNIVERSAL UCLICK

Market demands homes in top conditionEllenJamesMartin

SMARTMOVES

It’s easy for Jason and NikkiHenderson to reel off their reasonsfor selecting Talavera three yearsago when they moved to the Okla-homa City area from McKinney,Texas.

The south Oklahoma Cityneighborhood’s distinctive archi-tectural style was one reason, itsconvenient location was another,and they loved Talavera’s naturalsurroundings.

But now there’s a whole newreason.

“We had no idea how great theschool was,” Nikki Hendersonsaid.

In anticipation of their son Ga-vin, 5, starting kindergarten, Hen-derson has been serving in theparent-teacher association of theMoore school district’s nearbyOakridge Elementary — the newschool opening this fall that willserve Talavera residents such as

Gavin and eventually his little sis-ter Stella, 3.

Talavera, a 200-acre additionnear SW 169 and Santa Fe Avenue,just opened its third phase.

“We started phase three in Jan-uary, and the response has beenfantastic,” developer Paul B.Odom III said.

Four invitation-only buildersare developing lots both as custombuilds and as models. HarborHomes, Mashburn-Faires Homes,Baer-Hall Homes and Aaron Ta-tum Custom Homes are buildingon the 111 lots in Phase 3.

Sheryl Broom, community salesmanager for Harbor Homes, saidthe company has eight homesavailable immediately at pricesranging from $200,000 to$215,000. Broom said HarborHomes also has a 1,400-square-foot model for “less than$150,000.”

An 1,828-square-foot showhouse at 17220 Picasso serves asHarbor Homes’ on-site head-quarters. The “Ventura” plan fea-

tures three bedrooms, two bath-rooms and a study. The kitchenopens across a granite countertopto the living room, which has 10-foot ceilings and a brick fireplace.

The master suite features a lux-

urious master bath and walk-inclosets.

Talavera’s style echoes that ofhistoric neighborhoods such as

Jason and Nikki Henderson’s home is at 16925 Marbella in the Talavera addition, developed by Paul B. Odom III near SW 169 and Santa Fe.PHOTO BY PAUL HELLSTERN, THE OKLAHOMAN

NEW SCHOOL AMONG REASONSFAMILIES LIKE TALAVERA HOMES

Jason and Nikki Henderson and their children Gavin, 5, and Stella, 3,are in their kitchen in the Talavera neighborhood.

PHOTO BY PAUL HELLSTERN, THE OKLAHOMAN

HOMES | ARCHITECTURE, CONVENIENCE HELP DRAWBUYERS TO SOUTH OKLAHOMA CITY NEIGHBORHOOD

BY TIM FALLSpecial [email protected]

SEE TALAVERA, PAGE 2F

Mi-LingStonePoole

ASKMI-LING

Vote on Oprahchallenge

2F SATURDAY, JUNE 26, 2010 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE

Crown Heights and Ed-gemere.

Odom said floor plans inTalavera range from 1,400square feet to 3,700 squarefeet, with most falling be-tween 1,600 and 2,200square feet. Lots are pricedfrom $30,000 to the low$50,000s.

As in his other develop-ments, Odom stressed thatin Talavera, “I try to be agood steward of the land.”

To protect against ero-sion and loss of the land’srich, natural topsoil,Odom said, “We requirebuilders to strip (it) off ...reserve it, then return it tothe lot when constructionis complete.”

Landscaping covenants— including lawn, shrub-bery and tree-planting re-quirements — furtherguarantee the beauty offinished homes and theprotection and mainte-nance of the soil.

Jason Henderson tookthe covenant and ran withit. A landscaping hobbyist,Henderson admitted thathis lawn is “almost a full-time job.”

But Henderson, a mar-keting development man-ager for PepsiCo, said heloves it.

“This is my peace ofmind,” he said.

While surveying Phase 3of Talavera and adjacentacres of grassland andthickets that will be devel-

oped “when the time isright,” Odom stopped hisvehicle to help a box turtleoff the road. He admired it

for a moment, then placedit in the grass within viewof a pond, safe fromhouse-hunter traffic and

construction vehicles.The creature may yet

find its own new home, asa classroom pet at Oak-ridge Elementary.

FROM PAGE 1F

This home at 404 SW 171 is part of Phase 3 of P.B. Odom III’s Talavera addition insouth Oklahoma City. PHOTO BY PAUL HELLSTERN, THE OKLAHOMAN

This is the stairway of the Hendersons’ home at16925 Marbella Drive.


Talavera: Natural look kept

This view shows Jason and Nikki Henderson’s kitchen. PHOTO BY PAUL HELLSTERN, THE OKLAHOMAN

Historical accents in Jason and Nikki Henderson’sdining room fit the theme of the Talavera neighbor-hood, where architecture is meant to echo that ofOklahoma City’s historic neighborhoods.


The living rookm of Harbor Homes’ model at 17220 Picasso Drive. PHOTO BY PAUL HELLSTERN, THE OKLAHOMAN

THE OKLAHOMAN | NEWSOK.COM SATURDAY, JUNE 26, 2010 3FREAL ESTATE

If you’re happy withyour home and yourneighborhood but arecraving a little morespace, maybe adding on isa better alternative tomoving.

Room additions can bea terrific alternative formany homes, addingspace for a growing familyand adding resale value atthe same time.

But be forewarned. Agood room addition in-volves a whole lot morethan just slapping onsome additional squarefootage.

Here are some impor-tant rules to keep in mindas your planning getsunder way:

› Know why you’readding on:

This is the first rule,and it happens before youlift a hammer. Why doyou need to add on — andno fair cheating and say-ing, “I need more space!”The only way the additionwill meet your needs is toknow what those needsare in the first place.

› Good additionsnever look like additions:

This is the other toprule of room additionplanning. When you’redone, the addition — nomatter what its size orwhere it’s located —should never look like anaddition. The architectu-ral styles of new and ex-isting need to blend. Theexterior materials need toblend as well, or at least

complement one anotherother.

› Out, up, down or acombination:

The how and the whereof a room addition isalways a fun and excitingchallenge for everyoneinvolved. Some homes aresituated on larger lots andlend themselves nicely toadding out. Others seembest suited to adding up,by building on a secondor even a partial thirdfloor. Some houses areeven laid out in such away that it’s possible toexcavate under them, andadd new living space inthe form of a daylightbasement. Or it could bethat a combination of twoor even all three of theseoptions makes the mostsense for your particularhome.

› Don’t let the interiorbecome an afterthought:

I’ve seen a surprisingnumber of additions thatlook great from the out-side but seem to have nothought put into them onthe inside. Flooringdoesn’t match. Trimdoesn’t match. Some-times even the interiorfloor heights don’t match.

Remember that howthe interior of your addi-tion looks and flows onthe inside is just as im-portant as how it looksand flows on the outside.Use the same materials,or the same style of ma-terials. Match up ceiling,floor, and wall levels.Here again, no matterhow you view the addi-tion, inside or out, itshould never look like anaddition.

› Create convenientaccess:

This is another after-thought in a lot of addi-tions. Let’s say you have athree-bedroom, one-bathroom house and youwant to add a secondbathroom. Typically,that’s an addition that’sgoing to have a good pay-back. But then you buildthe addition so that theonly access to the secondbathroom is through thekitchen. You now have athree-bedroom, two-bathhouse, but since the layoutis lousy, you’ve actuallygone backward in terms ofdesirability and resalevalue. Are you going tocreate a beautiful second-floor master suite that canbe accessed only by a tinyspiral staircase from thefamily room? When plan-ning your addition, neverlose sight of how you’regoing to access the newspaces, and make surethat access is both conve-nient and inviting.

› Don’t overwhelm

your lot:Granted, room addi-

tions are expensive. Sowhen you’re doing one,and all those workers areon-site, there’s a tempta-tion to get as muchsquare footage as you can.But don’t cram your lotfull of house. Rememberthat open space is impor-tant as well, both to youand your family and, lateron, to potential buyers.This is a good time to goback to Rule No. 1, andreconsider the “why” partof your room addition.Don’t add space just toadd it — stay focused onyour overall goals.

› Understand thelegalities:

There are lots of rulesand regulations that comeinto play regarding roomadditions. These includeproperty line setbacks,zoning restrictions andrestrictions imposed byhomeowner associationsand architectural reviewcommittees. In somehistoric areas, your addi-tion may have to complywith certain historic gui-delines. In other areas,there may even be solarshading restrictions thatlimit the height or theorientation of your roofline. Be sure you checkinto all of this before youget too far along withyour planning.

Remodeling and repair questions?E-mail Paul at [email protected].

INMAN NEWS

Poorly executed additionscan subtract from value

PaulBianchina

HANDY @ HOME

Abby Mathew hasjoined Keller WilliamsRealty in the NorthwestOklahoma City MarketCenter at 5629 N ClassenBlvd.

Mathew, 48, has been aRealtor for 25 years, 23 ofthem with RE/MAX. In2007, he received theOklahoma City Metro As-sociation of Realtors’Board of Director’s awardfor outstanding service.He has been vice presidentof the board and chairmanof several committees.

He is a state director of the Oklahoma Association ofRealtors. He has the Certified Residential Specialist, Sell-er Representative Specialist and Certified New HomeSpecialist professional designations.

Abby Mathew

Realtor joins Keller Williams

Laurie Peterson hasmoved to Paradigm Ad-vantEdge’s new east officeat 5601 SE 67.

She is a lifetime residentof the metro area and hasbeen selling real estate forthe past 15 years. She hasthe Certified ResidentialSpecialist professionaldesignation.

She has a degree in mar-keting and previouslyworked in retail sales andowned a plumbing busi-ness.

Peterson transfers to office

Laurie Peterson

MIDWEST CITY — KeishaJanish has joined Pruden-tial Alliance Realty, 1212 SAir Depot Blvd., Suite 11, asa residential real estatesales associate.

The Ponca City nativepreviously was a real estateinvestor, purchasing andremodeling homes for re-sale.

Janish joins Prudential

Keisha Janish


NORMAN — The Environ-mental Protection Agencyhas awarded Ideal Homes a2010 Energy Star Leader-ship in Housing Award forthe company’s work in pro-moting energy-efficientconstruction and helpingto protect the environmentthrough its partnershipwith Energy Star.

Despite the downturn inthe housing market,

homebuilders and buyerscontinue to invest in high-performing homes, ac-cording to the EPA. Nearly20 percent of all single-family homes, about80,000, built nationally in2009 earned EPA’s EnergyStar label, up from 17 per-cent in 2008.

Ideal Homes in 1997 be-came the first builder todesignate an entire line ofhomes less than $150,000as Energy Star.

“Energy-efficient build-ing saves homeowners a lotof money on heating andcooling costs,” said VernonMcKown, owner and presi-dent of sales for IdealHomes. “All our homes ex-ceed Energy Star stan-dards, with every homesaving its owners between$50 and $80 a month over ahome built to code. In thelast five years, we’ve savedour owners more than $3.6million.”

Ideal Homes earns EPA award FROM STAFF REPORTS

A construction crew ofwomen volunteers raisedthe walls and did otherwork on a new CentralOklahoma Habitat for Hu-manity home on June 11 aspart of Habitat’s WomenBuild program.

Oklahoma City Coun-cilwoman Meg Salyer washonorary Women Buildproject chairman.

Lowe’s donated $25,000toward construction of thehome at 637 NE 85 in theHope Crossing additiondeveloped by CentralOklahoma Habitat.Homebuyer KhalilahSparks participated withvolunteers from the Cen-tral Oklahoma HomeBuilders Women’s Coun-cil, Lowe’s, Salvation Ar-my Auxiliary, OklahomaCity Republican Women’sClub, Wild Wood Churchand Oklahoma CountyCourt Clerk Patricia Pres-ley’s office.

Women volunteers from several organizations frame walls for a house in theHope Crossing addition developed by Central Oklahoma Habitat for Humanity.

PHOTOS BY PAUL HELLSTERN, THE OKLAHOMAN

Heather Mead secures two walls together during theHabitat for Humanity Women Build.

Women help raise wallsHABITAT | PROJECTIS HELPING PEOPLEBUILD A FUTUREFROM STAFF REPORTS

Women raise a framed wall during the Habitat for Humanity Women Build eventin the Hope Crossing addition.

Micah Mruwat hasjoined ParadigmAdvantEdge Real Es-tate, 16301 N MayAve., as a residentialreal estate sales associate.

The 2005 graduateof Deer Creek HighSchool has a bache-lor’s degree in broad-casting with a minorin theater arts from

University of Central Oklahoma, whereshe was an executive producer, anchorand reporter for the campus TV station.

Mruwat joins realty office

Micah Mruwat

Prudential AllianceRealty, 1500 SW 104,has added Ryan May-berry as a residentialreal estate sales asso-ciate.

The Pauls Valleynative has lived in themetro area for thepast five years. He is agraduate of Universi-ty of Science and Artsin Chickasha and has

a degree in communications. Previously,he worked in television and motion pic-tures industry and still teaches film andvideo.

Mayberry joins Prudential

Ryan Mayberry


WASHINGTON — Federal officials saidthey have reached settlements with sever-al companies charged with falsely adver-tising to help troubled homeowners.

The Federal Trade Commission said thesettlements will ban the companies fromthe foreclosure relief business. A total of16 companies and individuals were ac-cused of hitting customers with hefty feesand making false promises.

The agency also filed an $11.4 millioncontempt order against Bryan D’Antonio,the operator of three of the companies. Hewas charged with not obeying a 2001court order that stemmed from an earlierfraud scheme.

Many of the companies used namesthat led borrowers into believing theywere participating in the Obama adminis-tration’s $75 billion mortgage modifica-tion effort, known as “Making Home Af-fordable.” Among the companies settlingcharges were: Federal Loan ModificationLaw Center LLP, Apply2Save Inc., NewHope Modifications and Fedmortgageloans.com.

The government also accused six peo-ple of creating websites that were de-signed to impersonate the Treasury De-partment’s official site for the mortgagemodification program. Troubled borrow-ers trying to reach the government site in-stead ended up on private loan modifica-tion sites.

Feds settle loan-assistance fraud chargesBY THE ASSOCIATED PRESS

MINNEAPOLIS — At Blue, dogs are king.The upscale Minneapolis apartment

building allows pets in the mod copper-covered lobby, the elevators and even thetiki bar.

But where the canines really rule is intheir private outdoor dog park on the alleyside of the complex. Dog owners step offan elevator and into an enclosed courtyardwhere their bulldogs and Great Danes canromp off-leash across the artificial greenturf.

“It’s really great in the winter when it’scold and the sidewalks are icy and youdon’t want to go on a walk,” said ChristinaRidolfi, owner of Rumble the rat terrier.

Ridolfi chose Blue for its location andpets-allowed policy when she movedfrom Milwaukee. “The puppy park is alsoa great place to mingle with neighbors.”

The park for pooches is just one ofmany Blue amenities — it also has a pool,gym and yoga studio — but it’s what soldKim Naumann, who has lived there sinceit opened in 2008.

“Zima’s safety was the most importantto us,” she said about her 15-year-old deafcocker spaniel. “A fenced-in area for herwas a big deal.”

Renters and buyers at urban condo andapartment buildings are taking pet perksinto consideration in growing numbers.Many of them want maintenance-freecity living yet don’t want to give up theirbeloved Scooter or Mimi. Or they’re

young couples who want pets before theystart a family.

The Twin Cities increasingly has be-

come a market with multiunit housingthat caters to dogs rather than banningthem, said local real estate agents. Pet

owners will find enclosed dog runs, con-venient dog-washing stations and handypet waste receptacles at rental or owner-occupied complexes in downtown Min-neapolis and St. Paul.

It’s a shift from years ago when build-ings typically had a “no pet” policy or onlyallowed cats. Today, most newer luxuryhigh rises or converted warehouse build-ings in urban areas have an “eight-leg petpolicy,” said Susan Lindstrom, an EdinaRealty agent who specializes in downtownMinneapolis condos. Most allow up totwo pets, but may have weight or breedrestrictions.

“More pet owners are moving to thecity, and they’re looking for a workout ar-ea for their pets and for them,” she said.

Agents said more of their clients are re-questing units where pets are allowed —and one with a dog park or enclosed run isa bonus.

“Clients tell me, ‘I want two bedrooms,two bathrooms, underground parking —and my dog has to come with,’ ” said JoeGrunnet, president of Downtown Re-source Group and a real estate agent whosells condos at Skyscape and HerschelLofts in Minneapolis.

Skyscape, a 250-unit luxury condohigh-rise, offers a long, enclosed dog run.The North Loop off-leash dog park isright behind Herschel Lofts, a 47-unitwarehouse conversion.

“It’s a must for newer buildings to bepet-friendly, and that concept is here tostay,” Grunnet said.

MCCLATCHY-TRIBUNE INFORMATION SERVICES

Building managers offer luxury pet perks BY LYNN UNDERWOODStar Tribune

Kate Heitzman and her dog, Rocco, left, head out the door as Christina Ridolfiwalks her dog, Rumble, and Kim Naumann and her dog, Zima, play on the grass atthe pet-friendly Blue apartments in Minneapolis. MCCLATCHY-TRIBUNE PHOTO


The Bellaire is a large yet compact fam-ily home, designed for construction on anarrow lot. Arched windows, tile roof,and a stucco exterior give the plan a con-temporary Mediterranean flavor.

Outside, hanging plants drape the up-per edges of the balcony, making thestately stucco entry more welcoming. In-side the entry, sidelights flank the door,transom windows rim its top and the ceil-ing stretches two stories up. More lightspills in from a narrow arched window onthe upper level. A built-in bench herecomes in handy when shedding dirtyshoes.

Graceful archways mark the entrancesto the generous living and dining rooms,ideal for entertaining and family events.But for everyday life, family membersgravitate to the spacious and relaxed fam-ily room-kitchen at the back. Bay win-dows expand the nook and family room,creating an open atmosphere, filled withlight.

Amenities in the comfortable kitchen

include a walk-in pantry, built-in oven,microwave and dishwasher, plus a longwork island with vegetable sink and range.Utilities, along with a sink and a counterfor folding clothes, are just a few stepsaway.

The utility room is also accessible fromthe garage. The long screened porch islarge enough for outdoor dining andlounging.

In the Bellaire’s luxurious owners’suite, the sleeping area has a large baywindow. A spa tub is nestled into a smallerbay with glass block walls. And yet anoth-er bay creates a bright sitting area. Flamesfrom the see-through fireplace can be en-joyed from anywhere in the suite, and anL-shaped walk-in closet offers amplestorage space for the most extensivewardrobe.

For a review plan, including scaled floorplans, elevations, section and artist’s con-ception, send $25 to Associated Designs,1100 Jacobs Drive, Eugene, OR, 97402.Please specify the Bellaire 11-050 and in-clude a return address when ordering. Formore information, call (800) 634-0123.

HOUSE PLAN

Bellaire suits narrow lot,has Mediterranean flareFROM STAFF REPORTS

The Listing of the Week is a traditionalhouse with a pool, spa and cabana on a1.2-acre corner lot in northwest Okla-homa City.

The 3,337-square-foot house has fourbedrooms, 3½ baths, two living rooms,two dining areas and an attached three-car garage. The formal living room has abuilt-in bookcase, ceiling fan and fire-place. The study has a built-in bookcaseand ceiling fan. The formal dining roomhas a hutch. The remodeled kitchen has apantry, work island and granite counters.The house has a covered patio, open deck,volleyball court, basketball court and a

children’s playground with equipment aswell as a security system and under-ground sprinkler system.

Built in 1971and remodeled in 2003, it islisted for $350,000 with Phyliss Bennettof RE/MAX Preferred Properties. Openhouse is from 2 to 4 p.m. Sunday. FromHefner Road and Rockwell Avenue, gosouth to Castle Road and east to thehouse. For more information, call 751-4848.

Nominations for Listing of the Week are welcome. Sendinformation on single-family homes to The Oklahoman,Richard Mize, P.O. Box 25125, Oklahoma City, OK 73125.Nominations may be faxed to 475-3996.

LISTING OF THE WEEK

The Listing of the Week is at 9601 Castle Road. PHOTO PROVIDED

Home on corner acrehas plenty of amenities

LOS ANGELES — The GeneAutry estate, built in 1949in Studio City, Calif., bythe cowboy singer-actor,has come on the market at$6.9 million.

Owned by his widow,Jacqueline Autry, the for-ested property’s 3.5-plusacres center on a two-sto-ry Spanish-style house ofabout 8,000 square feet.The main house haspegged hardwood floors, afamily room with a wetbar, a library-media roomwith vintage walnut pan-eling, a breakfast room,five bedrooms and sevenbathrooms.

Balconies overlook theacreage, which has wind-ing paths and flower gar-dens. There is a gues-thouse, a swimming pooland an outdoor entertain-ment area with a fireplace.

The furnishings may bepurchased for an addition-al $200,000.

Gene Autry’s signaturesong was “Back in the

Saddle Again,” but his big-gest hit was “Rudolph theRed-Nosed Reindeer.” Hedied in 1998 at age 91. Thetown of Berwyn in south-ern Oklahoma was re-named Gene Autry in 1941.

The Autrys, who mar-ried in 1981, owned the

team now known as theLos Angeles Angels ofAnaheim from 1961to 1997.Jacqueline Autry, 68, hasretained the honorary po-sition of president of Ma-jor League Baseball’sAmerican League since1999.

Gene Autry estategoes on the marketHOME | SINGING COWBOY’S PROPERTY LISTED AT $6.9 MILLION

Singing cowboy star Gene Autry doffs his hat to ad-dress a crowd on a visit to Oklahoma City in 1941.

THE OKLAHOMAN ARCHIVES

BY MCCLATCHY-TRIBUNE INFORMATION SERVICES


CHARLOTTE, N.C. — Alli-son Rinehart’s best hopefor saving her home isn’tthe massive federal effortto stem foreclosures.

She’s been denied, pos-sibly in error, for that plan,so she’s banking on an al-ternative mortgage modi-fication to keep her Char-lotte town house.

“This is the only thingmy daughter and I have,”said Rinehart, 45. “I am asingle parent, no childsupport, working as manyjobs as I can take on.”

The taxpayer-fundedHome Affordable Modifi-cation Program, or HAMP,is the centerpiece of thenation’s foreclosure pre-vention effort.

But for many people, itdoesn’t work.

Rinehart’s budget wastight in late 2004 when shepaid about $136,000 forher Charlotte town house.

She put $4,000 downon the home and took a30-year mortgage at nearly9 percent. Her monthlypayments were $1,111. Rine-hart and her daughter,Sydnea, now 15, got by onthe roughly $30,000 a yearRinehart made as a long-time, self-employed hair-

dresser and middle-schoolcoach.

A year ago in spring, shenoticed business droppingoff more sharply as her cli-entele struggled in thedownturn.

In July, she asked for a

modification from SelectPortfolio Servicing, SPS,the Utah firm handling hermortgage. She received anunusually speedy offer of atrial plan, which is sup-posed to last three months.

Rinehart was told to

make the first payment onSept. 1 at her originalamount. Subsequent trialpayments were cut to$685. She made those pay-ments through March,when she received a lettersaying she was denied aHAMP modification.

Soon after, she contact-ed McClatchy News Ser-vice.

“This has caused mesleepless nights, depres-sion and anxiety,” saidRinehart, who also worksin her church’s office andhas been a nanny. “My 15-year-old doesn’t knowwhether or not she willhave her home the nextday or not because of this.”

SPS offered anothertrial, with monthly pay-ments at an even lower$456. Rinehart started thepayments in April butworried it was a delayingtactic and she’d be deniedagain.

Meanwhile, she receivednotices from SPS sayingthat to keep her house shehad to repay the thousandsof dollars that hadn’t beenpaid during the trials.

“It really scared me,” shesaid. And angered her. Ifshe had the money, shewouldn’t have asked forhelp. “It was a slap in theface.”

In May, McClatchyNews Service began con-tacting SPS, asking aboutRinehart’s case.

After several weeks ofmessages and e-mails, thecompany said it wouldsend Rinehart a response.

In that letter, SPS saidRinehart didn’t qualify forHAMP because she failedto send documents by acertain date. Rinehart saidthat’s not true, that shehas copies and certifiedmail receipts proving shesent everything requested,on time.

The May 27 letter, whichRinehart provided thenews service, confirmedRinehart made the firsttwo trial payments. Theletter said once she madethe third payment, due lastweek, “SPS will complete

the modification process,and you will receive the fi-nal modification agree-ment which requires yoursignature.

“Once this is received,SPS will permanentlymodify the terms of yournote and bring your ac-count current.”

Her June paymentcleared her bank shortlyafter the first of themonth. On June 10, she ar-rived home to find thepromised paperwork. Shebelieves that happenedonly because she wentpublic.

Last week, she was re-viewing the papers and re-flecting on what sustainedher.

“I relied on my faith,”she said.

Mortgage aid often eludes homeownersGETTING NEWS SERVICE INVOLVED PROVIDED LONG-SOUGHT RELIEF FOR ONE WOMAN

BY STELLA M. HOPKINSMcClatchy News Service

Allison Rinehart holds the paperwork from nearly ayear of trying to get mortgage help. Her daughter, Syd-nea, offered her mother the money she got as holidaygifts to help pay bills. On a job application, the teen saidshe wants to work to help her mother keep their homein Pineville, N.C., from going into foreclosure.

MCCLATCHY-TRIBUNE PHOTO

CHARLOTTE, N.C — There are many rea-sons property owners can’t qualify for thefederal Home Affordable ModificationProgram.

For example, they might have refi-nanced or bought after HAMP’s Jan. 1,2009, cutoff. They might not meet in-come or debt requirements. HAMP mod-ifications, subsidized by taxpayer dollars,also aren’t available for investment prop-erty, vacation homes and high-endhomes.

In April, Bank of America finalizedmore than 23,000 HAMP modificationsand had more than 210,000 in the pipe-line. The bank also has been averagingabout 13,000 alternative modifications amonth this year, said spokesman DanFrahm. Most are for customers withmortgages issued after the cutoff or abovethe HAMP limit or on properties thataren’t their principal residence.

“HAMP is at the center of our modifi-cation efforts at Bank of America,” Frahmsaid. “It’s also important to recognize thatno one solution or program can addressthe ... issues facing homeowners, who areexperiencing hardship as a result of pro-longed recessionary impacts.”

President Barack Obama announcedthe HAMP program in February 2009,well into the financial crisis. Before that,lenders and mortgage servicers were al-ready doing modifications so it’s naturalthere are more of those. Many HAMP ap-plicants also are still working through theslow, cumbersome process.

Servicers participating in HAMP mustfirst consider homeowners for loan aidunder that program. If that doesn’t workfor customers, servicers can considerthem for their own programs.

Tom Goyda, a Wells Fargo spokesman,

said Wells is doing alternative modifica-tions for about 60 percent of customerswho reach HAMP’s trial phase but don’tultimately qualify. About 10 percent findother solutions, and the balance are prob-ably headed for foreclosure.

Of HAMP, he said: “It’s only one part ofour overall efforts to help customers findaffordability.”

Consumer advocates, while sharplycritical of mortgage servicers for poormodification service, generally endorseHAMP’s intent and its standardized ap-proach.

“It’s a useful template,” said Julia Gor-don, senior policy counsel with the Cen-ter for Responsible Lending in Washing-ton. “It’s by no means some kind of goldstandard.”

For example, a recent HAMP changeeliminates unemployment benefits as aqualifying source of income for modifica-tions.

“That’s just crazy,” she said.Gordon cautiously welcomes alterna-

tive plans because they can potentiallyhelp more people. She’s concernedhomeowners won’t have a consistent wayto know what’s available and how to qual-ify. She and others have seen instanceswhere payments are actually higher undernon-HAMP plans — not a workable solu-tion for a struggling borrower.

She also frets about the lack of federaloversight for in-house plans. The U.S.Treasury oversees HAMP but has beencriticized for not penalizing servicers formistakes.

Gordon urges people to review anymodification offer carefully. What’s thenew payment? Has the principal been re-duced if the loan balance exceeds the val-ue of the house? How long does the mod-ification last?

“It is conceivable you could have a pro-prietary product that’s better,” she said.

Many find no help in homeloan modification programBY STELLA M. HOPKINSMcClatchy News Service

Bank of America esti-mated in April that morethan half its 1.44 milliondelinquent mortgage cus-tomers weren’t eligible forthe Home AffordableModification Program.

Wells Fargo said about80 percent of its roughly500,000 modifications arenon-HAMP.

Combined, the twobanks serve nearly 40 per-cent of U.S. mortgages.

HAMP has seen a surgein homeowners failing thethree-month trial period,and a decline in new trialenrollments.

Critics blame servicersfor the declines, sayingthey’re doing a poor joband unfairly bouncingpeople from the program.

Servicers acknowledgethere were problems, es-pecially early on. They alsosay homeowners aren’tcomplying with paymentagreements or documentrequirements.

Whatever the reason,the problem isn’t goingaway.

The number of strug-gling homeowners nation-wide is expected to remainhigh because job growthremains sluggish and mil-lions of people are out ofwork.

Bank seesproblems fordelinquentcustomersBY MCCLATCHY-TRIBUNEINFORMATION SERVICES

WASHINGTON — Thenumber of customers ap-plying for mortgagesjumped last week, a signthat the market could bestabilizing after droppingoff sharply last month.

Overall applicationswere up nearly 18 percentfrom a week earlier, theMortgage Bankers Associ-ation said.

Applications to refi-nance home loans were up21 percent to the highest

level since May 2009.That’s because buyers havebeen taking advantageof near-record-low mort-gage rates.

Refinances made upnearly 75 percent of allmortgage activity.

That’s up from 72 per-cent a week earlier.

Encouraging signNew mortgages taken

out to purchase homes in-creased for the first time insix weeks, rising 7 percent.

That’s an encouraging

sign for the housing mar-ket, as applications haddropped off sharply whenfederal tax credits expired.

First-time buyers wereeligible for a tax credit ofup to $8,000.

Current owners whobought and moved intoanother home could qual-ify for a credit of up to$6,500.

Buyers had until April30 to get a signed salescontract and until June 30to complete the sale.

Since the tax credit ex-

pired, “We’ve flattenedout, but I would not expecta real robust rebound,” saidMichael Fratantoni, vicepresident of research andeconomics at the MortgageBankers Association.

He said he expects homesales to fall about 10 per-cent from the secondquarter to the third.

He forecast that buyerswill purchase about 5.2million previously occu-pied homes this year, up slightly from a year earlier.

Mortgage applications rise nearly 18 percentBY THE ASSOCIATED PRESS

Construction of newhomes took a 10 percentdive in May after the expi-ration of a popular federaltax credit for buyers.

It was the first drop inhousing starts since Feb-ruary, when activity bybuilders began to pick up

in anticipation of a busyspring fueled by the gov-ernment incentives.

Those credits of up to$8,000 for first-timebuyers and $6,500 forsome current homeownersexpired April 30.

The May slump in startsis an indication that hous-ing is likely to weaken incoming months without

the government stimulus— even though interestrates remain low, econo-mists said.

“The plunge in housingstarts in May underlinesthat a sustained housingrebound has yet to get un-der way,” said Nigel Gault,U.S. chief economist forthe consultant firm IHSGlobal Insight. “Now

(that) the credit is gone,it’s time for the payback.”

Builders began con-struction on housing unitsat a seasonally adjustedannual rate of 593,000, theCommerce Departmentsaid.

That was 10 percent be-low the April rate but 7.8percent above the May2009 pace.

Home starts dip as tax credit endsBY MCCLATCHY-TRIBUNE INFORMATION SERVICES


Oklahoma CityBoynton Williams & Asso-

ciates, 7721 Melrose Lane,school, erect, $13.5 million.

Case Development Corp.,301 Pointe Parkway Blvd.,apartment, erect, $946,800.

Riggs (Clyde) Construction,9000 S Sunnylane Road, of-fice, add-on, $710,000.

Clayburn Construction,3300 W Memorial Road, retailsales, remodel, $500,000.

Titus Construction, 15300 NMay Ave., medical clinic-of-fice, erect, $469,578.

D.R. Horton, 16220 Wyn-chase Drive, residence, erect,$372,200.

D.R. Horton, 11228 NW 98,residence, erect, $340,400.

Design Build By Jill, 3417Stone Brook Court, residence,erect, $340,000.

D.R. Horton, 16221 Wyn-chase Drive, residence, erect,$320,500.


Jason Powers Homes, 12108SW 53, residence, erect,$300,000.

Eric Cheatham Construc-tion Co., 12509 Olivine Ter-race, residence, erect,$284,000.

Jim Campbell Homes Inc.,3930 Huntington Parkway,residence, erect, $273,000.

Davenport Homes LLC,1309 NW 192 Terrace, resi-dence, erect, $264,500.



Onpoint Construction, 7801SW 85 Circle, residence, erect,$255,000.

Jeff Moore Homes LLC,14220 SE 76 Place, residence,erect, $250,000.

4 Corners ConstructionLLC, 15009 SE 59 Terrace, res-idence, erect, $230,000.

Taber Built Homes LLC,4804 SW 126 Terrace, resi-dence, erect, $225,000.

Taber Built Homes LLC,3209 Orchard Ave., residence,erect, $220,000.

Remington Builders Inc.,13321 Ambleside Drive, resi-dence, erect, $217,000.

D.R. Horton, 17716 MorningSky Lane, residence, erect,$213,900.

Remington Builders Inc.,9320 NW 134 Terrace, resi-dence, erect, $208,000.

D.R. Horton, 7704 MeadowLake Drive, residence, erect,$207,500.

Authentic Custom HomesLLC, 2817 NW 173, residence,erect, $185,000.

Caston Construction, 801NW 50, concession, erect,$175,000.

Caston Construction, 5850N Classen Blvd., retail sales,remodel, $175,000.

Bradbury Homes Inc., 3108Canton Trail, residence, erect,$170,000.

Gary Owens Carpet & Con-struction Inc., 2100 Wheat-field Ave., residence, erect,$170,000.

Bradbury Homes Inc., 3104Brookstone Lakes Drive, resi-dence, erect, $163,000.

Gary Owens Carpet & Con-struction Inc., 2104 Wheat-field Ave., residence, erect,$160,000.

Jeff Click Homes LLC, 2209NW 174, residence, erect,$156,000.

Miller-Tippens Construc-tion Co., 9000 W MemorialRoad, equipment, erect,$150,000.

Troy Downing-RBA Archi-tects, 1919 E Memorial Road,medical clinic-office, remod-el, $150,000.

King Ballard Construction

Co., 7108 NW 7, residence,erect, $140,000.

Jerry Lemmon, 15700 SE 44,residence, erect, $135,000.

Rice Custom Homes LLC,3033 NW 191, residence, erect,$130,000.

Rice Custom Homes LLC,19128 Summer Grove Ave., res-idence, erect, $130,000.

Rice Custom Homes LLC,3000 NW 191, residence, erect,$130,000.

Monarch Properties LLC,6017 NW 154, residence, erect,$125,000.

Monarch Properties LLC,15520 Wood Creek Lane, resi-dence, erect, $125,000.

Oklahoma Heart Hospital,5701 SE 74, medical clinic-of-fice, remodel, $125,000.

Ideal Homes of Norman LP,18217 Allora Drive, residence,erect, $123,000.

HSE Architects, 2219 W In-terstate 240 Service Road,business, remodel, $120,000.

McDermott ConstructionCo. LLC, 9228 NW 77, resi-dence, erect, $120,000.

Sunset Homes LLC, 10929SW 30 Terrace, residence,erect, $120,000.

Sunset Homes LLC, 10925SW 30 Terrace, residence,erect, $120,000.

Ideal Homes of Norman LP,13308 SW 4, residence, erect,$100,000.

Ideal Homes of Norman LP,18628 Agua Drive, residence,erect, $96,000.

JJ&R Roofing & Construc-tion, 10600 NW 17, residence,erect, $90,000.

JJ&R Roofing & Construc-tion, 1800 Alexander Way, res-idence, erect, $90,000.

Price Edwards & Co., 2219W Interstate 240 Service Road,business, remodel, $90,000.

Home Creations, 19805 Al-lergando Lane, residence,erect, $88,900.

Home Creations, 19713 Ada-gio Lane, residence, erect,$86,000.

Ideal Homes of Norman LP,18528 Rastro Drive, residence,erect, $80,000.

Structural Systems of Okla-homa, 8901 NW 10, ware-house, erect, $80,000.

Ideal Homes of Norman LP,2605 Fawn Lily Road, resi-dence, erect, $78,000.

UHS Oklahoma, 6501 NE50, rehabilitation center, re-model, $72,000.

Copper Construction Two,2610 SW 57 Place, residence,add-on, $67,000.

First Oklahoma Construc-tion, 10712 SW 32, residence,erect, $60,000.

First Oklahoma Construc-tion, 10717 SW 31 Court, resi-

dence, erect, $60,000.Jim Campbell Homes Inc.,

7705 Dripping Springs Lane,residence, remodel, $53,175.

Susan Rivera, 2400 S Mac-Arthur Blvd., manufacturedhome, move-on-mobile homepark, $50,000.

Jim Whipple, 3401 S Mus-tang Road, residence, remodel,$50,000.

Vista General LLC, 9801Broadway Extension, busi-ness, remodel, $44,000.

Caliber Construction Inc.,14112 SE 75, residence, remod-el, $40,000.

Sonny Indrawan, 11804 SMay Ave., remodel, remodel,$40,000.

Gloria Kirkes, 11801 SW 44,manufactured home, move-on, $40,000.

Charles Levendusky, 12600Rempe Farm Road, barn, erect,$36,650.

Chris Ryan Homes LLC,3105 SW 128, residence, re-model, $35,000.

Turnage Construction Inc.,3225 Melcat Drive, storage,erect, $35,000.

Akins Natural Foods, 2924NW 63, retail sales, remodel,$30,000.

Daddy Ernie LLC, doingbusiness as Semco Homes,5804 N Barnes Ave., residence,add-on, $30,000.

Luis Q. Hernandez, 215 SMiller Place, automotive re-pair-wash, add-on, $30,000.

Judy Maxwell, 9009 NW 10,manufactured home, move-on-mobile home park,$30,000.

Associated Builders GroupInc., 6712 NW 12, residence,erect, $29,772.

Allen Carson, 4000 NW 28,residence, fire restoration,$28,000.





Crandall & Associates, 13419N Pennsylvania Ave., business,remodel, $25,000.

Gallian Masonry, 1336 NE 9,accessory, erect, $25,000.

Jeff Moore Homes LLC,14220 SE 76 Place, residence,erect, $25,000.

Maguire O’Hara Construc-tion Inc., 4704 N Willard Ave.,residence, fire restoration,$25,000.

Alliance Property Develop-ment, 6514 Northwest Ex-

pressway, retail sales, remodel,$20,000.

Mary E. Bumstead, 14900SE 147, manufactured home,move-on, $20,000.

Michael B. Dolan, 2601 WCountry Club Drive, resi-dence, add-on, $20,000.

Graham Construction &Development LLC, 1131 Enter-prise Ave., office-warehouse,remodel, $19,338.

JDF Grace ConstructionInc., 5708 NW 160, residence,add-on, $17,000.

J&M Concrete Contractors,1716 NW 16, parking, install,$16,000.

Hallman Properties, 100NW 142, office-warehouse,remodel, $15,000.

The D Group LLC, 3420Treadwell Drive, residence, re-model, $15,000.

Cleary Building Corp.,9600 S Anderson Road, stor-age, erect, $13,000.

Scott’s Construction Inc.,13517 Mamosa Drive, residence,add-on, $12,500.

Hallman Properties, 100NW 142, office-warehouse,remodel, $10,000.

Phillip Dalton, 1165 NW 56,residence, add-on, $10,000.

Vickie Kyser, 421 SE 55, resi-dence, remodel, $10,000.

Erick Johnson, 1520 SW 131,residence, remodel, $10,000.

Cleary Building Corp.,9600 S Anderson Road, ac-cessory, erect, $8,000.

Sooner Traditions LLC, 1530SW 119, office, remodel,$8,000.

Mendez Construction, 1416S Sulzberger, canopy-carport,add-on, $6,000.

Marion Kitchens, 829 SW67, storage, erect, $6,000.

ARC, 2001 S MacArthurBlvd., manufactured home,move-on-mobile home park,$5,000.

PLM Service, 9717 NW 10,manufactured home, move-on-mobile home park, $5,000.

PLM Service, 1428 WindsurfWay, manufactured home,move-on-mobile home park,$5,000.

PLM Service, 1313 WhitecapLane, manufactured home,move-on-mobile home park,$5,000.

PLM Service, 2001 S MacA-

rthur Blvd., manufacturedhome, move-on-mobile homepark, $5,000.

PLM Service, 9717 NW 10,manufactured home, move-on-mobile home park, $5,000.

Ground Zero Shelters Inc.,7312 NW 121, storm shelter, in-stall-storm shelter, $4,000.

David Logan, 6308 NE 104Place, accessory, erect,$4,000.

Elizabeth Tonnemacher,2144 Pinnacle Point, resi-dence, remodel, $4,000.

John Hornback, 3704 NW65, residence, add-on, $3,500.

Flat Safe Tornado SheltersLLC, 2640 NW 153, stormshelter, install-storm shelter,$3,300.

Smartsafe Enterprises, 3118SW 127, storm shelter, install-storm shelter, $3,295.

Flat Safe Tornado Shelters,11020 NW 104 Terrace, stormshelter, install-storm shelter,$3,250.

Mark Girten, 4724 Doe RunDrive, storm shelter, install-storm shelter, $3,250.

Loren Skodak, 12421 SW 6,residence, add-on, $3,000.

Ryan Bowden, 525 SW 162,storm shelter, install-stormshelter, $2,950.

Ground Zero, 2233 SW 137Place, storm shelter, install-storm shelter, $2,800.

Smartsafe Enterprises, 8717Lakehurst Drive, storm shelter,install-storm shelter, $2,800.

Smartsafe Enterprises, 19521Green Meadow Lane, stormshelter, install-storm shelter,$2,800.

Smartsafe Enterprises, 5013SE 58, storm shelter, install-storm shelter, $2,800.

Smartsafe Enterprises, 5116SE 80, storm shelter, install-storm shelter, $2,800.

Gurjeet Haur, 2725 NW 155,storm shelter, install-stormshelter, $2,800.

Juan Martinez, 1604 SW 61,storm shelter, install-stormshelter, $2,800.

Teresa Miller, 8300 CurtisTerrace, storm shelter, install-storm shelter, $2,800.

Monica J. Burris, 2404 SW141 Terrace, storm shelter, in-stall-storm shelter, $2,800.

Curtis Craig, 2217 SW 118,storm shelter, install-storm

shelter, $2,800.Cheri Caraway, 18504 Rastro

Drive, storm shelter, install-storm shelter, $2,700.

Rebecc Mayberry, 15500 El-izabeth Drive, storm shelter,install-storm shelter, $2,575.

JAH Realty, 7314 N WesternAve., remodel, remodel,$2,500.

Trevor Bruner, 2700 NW 57,accessory, add-on, $2,500.

Jack Jennings, 8601 LymanRoad, storm shelter, install-storm shelter, $2,350.

Red Dirt Septic, 8801 LymanRoad, storm shelter, install-storm shelter, $2,350.

Red Dirt Septic, 8701 LymanRoad, storm shelter, install-storm shelter, $2,350.

Randall Kingsbury, 10681NW 107, storm shelter, install-storm shelter, $2,325.

Bruce Monroe, 20201 DunnRoad, storm shelter, install-storm shelter, $2,325.

Santiago Preciado, 1329 SW31, residence, remodel,$2,000.

William Hollis Jr., 2220 NKate Ave., accessory, remodel,$2,000.

Judy Barwick, 12405 Rock-gate Drive, canopy-carport,add-on, $1,500.

Ronald Guttery, 2132 SW 67,canopy-carport, erect, $1,200.

Steel Built Structures, 12020Skyway Ave., residence, re-model, $1,200.

DemolitionsCarl Gallian, 1336 NE 9, ga-

rage.Midwest Wrecking, 15416 SE

71, residence.Midwest Wrecking, 15308

SE 71, residence.Kendall Concrete, 1811 N

Kelham Ave., garage.William Reeves, 2909 SW

10, residence.Jeff Moore Homes LLC,

14220 SE 76 Place, residence.Midwest Wrecking, 2621

Drakestone Ave., garage.Midwest Wrecking, 7625

Valley Creek Drive, house.Midwest Wrecking, 15409

SE 71, house.Midwest Wrecking, 5506

Permian Drive, house.Gabriel Friedman, 814 NW

31, residential.

Permits

9FSATURDAY, JUNE 26, 2010THE OKLAHOMAN NEWSOK.COM


WASHINGTON — Here’s a sobering mess-age for anyone who has a federally insuredreverse mortgage or plans toapply for one: If you don’tpay your local property tax-es or hazard insurance pre-miums, you should knowthat the risk of losing yourhouse to foreclosure isabout to increase.

Although the FederalHousing Administration,which runs the dominantreverse mortgage program, often had beenlenient and forgiving in past years abouttax and insurance delinquencies by seniorborrowers, it’s likely to take a more disci-plined approach when it issues new guide-lines this summer.

FHA’s reverse mortgage program suf-fered a $798 million estimated budgetshortfall in the last fiscal year — its first-ever loss — in part because of widespreaddeclines in the values of the homes that se-cure its insured loans. It has cut maximumborrowing amounts available to seniors by10 percent already, and is looking for otherways to bring the program back into profit-

ability in an era of low home-appreciationrates. The agency has asked Congress for

$250 million, but so far ithas not been funded.

Mortgage giant FannieMae also has begun in-structing the companiesthat service its large port-folio of FHA reverse mort-gages to toughen up theirhandling of tax and insur-ance delinquencies, mov-ing to initiate foreclosure

proceedings when borrowers have not paidbills for extended periods.

In the words of David Certner, legisla-tive policy director for AARP, the nationalgroup representing seniors, “There is go-ing to be more risk for people” who takeout reverse mortgages but who don’t havethe capacity to make tax and insurancepayments on time. In the past, Certnersaid, Fannie Mae and the FHA were “a lotmore forbearing” when senior borrowersfell behind or stopped paying. “Theydidn’t want bad headlines” suggesting thatthey had foreclosed on forgetful old folks.

But now they don’t have the financial

wiggle room to look the other way. Thoughneither FHA nor Fannie could provide sta-tistics, mortgage industry experts say taxand insurance defaults are rising — in partbecause of the recession, and possibly inpart because some seniors are not ade-quately counseled that foreclosure couldbe an endgame.

“This is definitely a growing problem”with reverse mortgages, said Joseph J. Kel-ly, a partner with New View Advisors, aNew York consulting firm. “A lot of this isthe economy, (but) the program design it-self is a contributing factor.”

Unlike standard mortgages, reversemortgages require no monthly paymentsfrom the borrower and have no escrow ac-counts to cover property tax bills and in-surance. Without escrows, some seniorsmay not keep track of property tax noticesthey receive — thereby exposing theirhouses to tax liens that take legal prece-dence over the mortgage lien.

They may also neglect to pay their haz-ard insurance premiums, leaving investorsin their reverse mortgages with no cover-age in the event of a fire or other major de-structive event. Kelly and others believe

that FHA needs to build in some sort ofescrow or set-aside feature — a conceptfederal officials say they are examining.

The reverse mortgage program, which islimited to those 62 and older, also has norigorous upfront underwriting require-ments other than sufficient borrower eq-uity in the home. Unlike standard loans,minimal or no attention is given to the ap-plicants’ incomes or credit scores. Bor-rowers receive mandatory counseling be-fore going to closing, but some critics sayFHA needs to look more seriously at bor-rowers’ assets, income and long-term fi-nancial ability to pay the associated costsof keeping up the property.

Both FHA and Fannie Mae say they areworking on solutions that will not only flagdefaults on seniors’ tax and insurance pay-ments earlier, but also create a mandatory,step-by-step system to contact borrowerswho are delinquent, determine the reasonfor the default, and if necessary refer themto charitable groups who can assist themand prevent foreclosure.

E-mail Ken Harney at [email protected].

WASHINGTON POST WRITERS GROUP

KennethHarney

THE NATION’S HOUSING

FHA tightens rules on reverse mortgages


LAS VEGAS — Some 500people have been arrestedin a nationwide crackdownon mortgage fraud, andfederal officials pointed toLas Vegas as one of thecenters of the scams thatpumped up home pricesuntil the housing marketbubble finally burst.

“I heard this manytimes,” said Scott Hunter, aLas Vegas FBI agent whohas interviewed hundredsof so-called “straw buyers”lured into buying homes by

unscrupulous real estateagents, brokers and loanofficers. “They said, ‘Don’tlet your good credit go towaste. You can purchasethese properties. This ishow you acquire wealth.’

“What happened herewas, when the party stop-ped and they were not ableto keep inflating the priceson these houses, the wholething collapsed.”

Nevada’s U.S. attorney,Daniel Bogden, counted 123defendants charged, con-victed or sentenced in theSilver State since March 1as

part of a national crack-down dubbed OperationStolen Dreams. Bogden putlosses in Nevada alone atalmost $250 million.

In Washington, the Jus-tice Department linkednearly 500 arrests nation-wide to the crackdown.U.S. Attorney General EricHolder called the push thelargest collective enforce-ment effort aimed at con-fronting mortgage fraud.

Holder said 1,215 criminaldefendants had been nettedin cases that uncoveredmore than $2.3 billion in

losses, and said the JusticeDepartment also engaged incivil enforcement actions torecover more than $147 mil-lion in the operation.

FBI Director RobertMueller called mortgagefraud “a risk to our eco-nomic stability” as a na-tion.

More than lending insti-tutions were victimized,said Michael Gibson, a LosAngeles-based federalHousing and Urban Devel-opment inspector who hasbeen investigating cases inLas Vegas.

Homeowners, taxpayers,reputable real estate indus-try officials and the FederalHousing Administrationalso were hurt, Gibson said.“They’re all victims in this.Every time you have a badloan that’s FHA-insured,the federal governmentpays that claim amount.”

Real estate analyst RickSharga, of Irvine, Calif.-based RealtyTrac Inc., saidplaces with the most fore-closures today were themost fertile places formortgage scams during thehousing boom.

“The states that had thehighest fallout in foreclo-sure and price depreciationcertainly didn’t have mar-kets built on sound busi-ness practices,” Shargasaid.

“The running gag was,you’d put a home on themarket at breakfast andhave three offers for twicethe asking price by lunch.We’re seeing the conse-quences of that now. Assoon as prices stopped go-ing up, the whole house ofcards came down.”

Feds announce arrests in mortgage fraud crackdownBY THE ASSOCIATED PRESS

Do you want your owntalk show? I do. My bigdream has always been tohost my own talk show.

I actually did host a showcalled “Consumer Update”in Kansas City, right after Igraduated from college.That was back in the daywhen cable television was two chairs and atable. But my passion now is to focus ondesign and help people create a comfortzone in their home.

It all started when I was a young girl. Iwould watch Barbara Walters on the night-ly news and then run to my room and in-terview myself in the mirror, with my ma-keshift microphone (a hairbrush).

So when Oprah Winfrey announced that

she was searching for thenext TV star to compete inher new reality show on theOWN network, I was excit-ed about the possibilities.The winner will get his orher OWN talk show, whichwill air on Winfrey’s net-work in January 2011.

Thousands of people across the countryalready have submitted their videos andare traveling to areas such as New Jersey,Dallas, Atlanta and California for a shot attheir dream.

So, I packed my bags and headed forTexas with my 16-page application. OnJune 12, I arrived at the Kohl’s store in Pla-no, ready for the challenge. After standingin line for an hour, I received a wristband

and proceeded to a group interview with 11other hopefuls from across the country.Our task was to deliver a 30-second pre-sentation that would show that we hadcharisma or the “it” factor.

Of course, my show was all about thecomfort zone. First and foremost it’s aboutsolving decorating and lifestyle dilemmaswith realistic solutions. My passion has al-ways been decorating and helping peopleto create a space in their home that bringsthem comfort. For the past seven years,I’ve done this with my television seg-ments, columns, book and radio show.

But the key for me, especially in thiseconomy, is to provide cost-saving designtips, as well as exposing new and innova-tive products that make life more comfort-able and efficient. Pair that with celebrity

interviews, health, fitness and cooking tipsand, of course, great music, and my dreamtalk show would be complete.

The second part of the competition wasto upload a video telling Oprah why youdeserve your own show and what kind ofshow you want to host. You can see my“Challenge to Oprah” and vote for me onwww.Oprah.com until July 3. Just click on“Your own show,” then go to “browse” and“vote” and type in Mi-Ling. You can voteas often as you like. Please leave me a com-ment.

Now go out and create your own uniquecomfort zone!Mi-Ling Stone Poole is the author of “Ask Mi-Ling! When YouWant the Truth About Decorating.” You can listen to her radioshow, “Mi-Ling’s Comfort Zone,” from noon to 1 p.m. Sundayson KTOK-AM 1000. If you have a decorating dilemma, e-mailher at www.Mi-Ling.com.

Television talk show is decorator’s dreamMi-LingStonePoole

ASKMI-LING

3928 NW 25th St. 2 bed,1 bath, 1 car, CH&A,

$550 month 755-1316

SUMMER SPECIAL$149 1st mo. 525-1177Near OU Med Center

MOMENTUM PROP MGMT

PART TIMEINSIDE SALES

OPUBCO Communica-tions Group is looking foran inside salesperson tobe part of a classifiedadvertising team thatgets results for our cus-tomers by advising copyand scheduling packagesfor print and online.

This 24 hour work weekWednesday through Fri-day position is responsi-ble for incoming salescalls, as well as out-bound sales responsibili-ties. Applicants shouldcommunicate sales andcustomer service experi-ence. Call center andprevious performance-driven selling by tele-phone experiences arepluses. The successfulcandidate will have en-thusiasm, good typingskills and skillful knowl-edge of MS Word andOutlook.

We offer a professional,casual environment. Noevenings or weekends.Covered parking with on-site 24/7 Health Club,breakfast and lunch Cafeand Credit Union. Com-petitive pay plan in-cludes performance-based incentive paidmonthly and recognitionprogram. Medical and401(k) plans available.

Apply online atwww.opubco.com ORtext OPUBCOJOBS to65360.To complete an onlineapplication in person,you may visit the OPUB-CO CommunicationsGroup Human Resourcesdepartment, 9000 N.Broadway Extension, be-tween the hours of 8:30 -11:30 AM and 1:30-4:30PM Monday through Fri-day. EOE.

» MAYFAIR AREA »50th & May, 2bed 1 bath,2 liv, completely remod-

eled, hdwd flrs, fireplace.BILLS PAID! $895mo,

$500dep »» 848-9894

2064 NW 48th 2/2 $210010604 Sunrise 3/2/2 $11952016 NW 15 3/1 $650Express Realty 844-6101www.expressrealtyok.com

1624 Grey Fox Run, nearI-35, Doctor's home, 3bed, 2 bath, fp, library,Edmond schools, $1450month, Cathy 850-5862.

Section 8 Okay429 NW 88 3/1.5/1 $695332 NW 91st 3/1.5, garconverted to living $695

681-7272

Rent Specials 605-54772, 3 & 4bd Houses

All Areas $395-1295buyahouseinoklahoma.com

6612 Laurel Rd 3bd 2ba2car, ch/a $8501701 NW 34th 3/1 $525

681-7272

Ann Arbor Ave/16th1421 N Libby big livingarea $800 per month

405-831-6045 3 bed, 1 ba

2535 W. Hefner2/2/2 Fenced $795TMS Prop 348-0720

640 NW 109th, 3bd 2ba2car 1300sf $875mo

$800dp 409-7989 no sec8

2/1/1 $550, $100 off 1stmonth's rent,

MG Realty ¡ 831-0207

2 bed, 1 bath, ch&a, 2529NW 40th, $550/mo $500deposit 603-6439.

Lovely 3/2/2 brick home,koi pond $1075 603-7665

HOMES FOR LEASEwww.executivehome

rentalsokc.com3-4BRs $1000-$3000

Welcome Home877-884-7434

5312 Bodine, 3/1/2, new-ly redone, Sec 8 ok $7252605 SE 50th 3bd 1.5ba2car, 2 living $675

681-7272



4812 Cinderella, 3bd 2ba2car, fireplace, ch/a $650

Fidelity RE 692-1661

5205 Creekwood Terr.5529 Dimple Dr. $650mo

317-6411 or 413-6204

2100 SW 78 3/1.5/2 $825629 SW 49th 2 or 3bd(gar. converted) 1ba$550633 SW 33rd 2/1 $3502401 SW 43rd #7 1bdapt, total elect, waterpaid $325

681-7272




New Rivendell ExecHome 408-4168

Luxury indoor pool & spaFully equip'd media &wrkout rooms $5500/moOpenhouseok.com

3513 SW 36th,3 bed, 2 bath,

washer/dryer hk-up,1 car garage, w/ appli-

ances 405-570-5865

Remodeled 3 bedroomhomes, CH/A, Oklahoma

City, $595/month.Moore, $700/month.

691-5479

Extra Nice- 2 bd, cornerlot, good neighborhood.1623 SW 41st. $600 +$400 dep. Non-smoking.D-631-1386, N-799-3111

9113 SW 27thWest Brooke Estates4bed, 3ba, 3 CarGarage, 3384sf 1FP,$2000/mo 405-250-4289



2BR/1BA/1, $550/mo +$400 dep. 2745 SW 45th

381-4841 or 990-4869

Sec 8 OK - New Home5bdr/2bth $1200/m seputil, large lot 759-6828

5305 S Drexel 3bd/1ba1car, ch&a, fncd $650+

$500 Avail now 413-4252

1240 SW 31st, 3/1/1, stvfrig, no sec 8, no pets,$550 + dep, 681-9865.

Large fenced lot 3 bed,1 bath, newly remodeled,exc cond, 373-2685

»»»»»»»»»»»»4 bed, 2 bath, 2 living, 1story, 2752 W. CountyClub Dr. $900. 842-2425»»»»»»»»»»»»

2444 SQ. FT located onKingston Drive! 4bed,2.5ba, 1.5 Car Garage,3-story Split-LevelHome, $1250/Mo CallDiana (580) 747-3476 orCall Cindy (479)689-4728

Recently built housewith 4 bed, 2.5 bath, plusoffice, lots of upgrades,Mustang schools $1650mo + dep. 405-818-1702

2 bed, 2 bath 1 car,12503 SW 2nd St. $690-mo 205-2343 Best Realty

WHY RENT WHEN YOUCAN OWN?

Easy financing with nocredit needed. Yukon schlsDiane 789-4499/388-3491

$ FREE RENT 1ST MO $2BR $350+, 3BR $495+,

MWC NO PETS 427-0627

Rental HelperCurrent Home Rental

Listings•Only $39•Homes and Duplexes•Rent starting at $149•1,2 and 3 bedroomsMon.-Sat. 10am to 5pm

1112 NW 23rd,Suite 111B in the GoldDome 405-605-5551

PROFESSIONALPROPERTY

MANAGEMENTSINCE 1982

Spectrum Management848-9400

usespectrum.com

ACREAGE HOMESITES AVAILABLE» The Ranches at Olde

Tuscany 1+Ac Moore Schls» Olde Tuscany III

5-10 ac Moore Schools» The Timbers 5 ac

Moore Schools» Montecito 1+ ac

Norman Schools» Belleau Wood

1+ ac Edmond Schools» Stillbrook Glen 2.5-10ac Bridgecreek Schools

Call Mike 317.0582landmarkfinehomes.com

Visit one of our fullyfurnished model homes

today! *We build onyour lot or ours*

SPORTSMAN PARADISEBeautiful 335 ac/24 acLake. Great fishing and

hunting. Call Linda405-788-9052 or

Nelmon 405-370-0394.C21 Bob Crothers Realty

PIEDMONT OPEN SAT 2-4& SUN 2-5. Model home.New hms on K ac lots.

Info also available for newhms in other additions.

From NW Expwy &Sara Rd go 4.5 mi N

Cleaton & Assoc 373-2494

TENKILLER LAKE1N ac. Wooded lot, closeto marina and floatingrestaurant. I will financewith small down and$144 per month.

Owner 918-640-8556

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

1-28 acres » All AreasOwner Financing

Woodlake Properties405-273-5777

www.property4sale.com

BUILDING SITES PIED-MONT 3/4 and 1 AcreLots. Close In-Good

Streets. Leon 373-4820Overland Ex Realty

Owner Finance, 2 acres,home, barn, detachedgarage, 12113 Edna.$175,000 808-3888

» 4bd home, large shop,1N to 2K acre TERMSMilburn o/a 275-1695

Paulmilburnacreages.com

160 acres, 5000 sq fthome, irrigation system,25 minutes to downtown

OKC, 850-0532.

80 Acres, 3000 sf home,shop, corrals & pond,

$600K, Mustang,Ken 620-1524

3/2/2 on 2K ac, lg shop,424 Sherwood Lane, Ed-mond, $170K, 436-3055.

BANK OWNED 9.62 acres3/2 manf 2052sf Blt 98,$44.9k Arlene 414-8753

AUCTION$5,000 Opening Bid

Mon June 28th, 6:30 pm2208 Glen Ellyn St, OKC

Open HousesJune 19th & 27th2 bedroom, 1 bathEast of Capital on

NE 23rd St. to GlenEllyn, & S to property

www.20bid30.com918/639-7653

Grand AmericanKeller Williams Realty

1 ac home building lots30x40 bkyd shops ok 164/Sara Rd area 205-2720

Beautiful 5Ac just minfr. Tinker. well/septic &Lots of extras 417-9313

Guthrie, family com-pound, (2) 3 bed, 2 bath,5 acres, 850-0532.

House & 60 Acres, Cres-cent, $250K OBO. 160Acres Hunting $1350 AC.OCHS-Rob 405-519-6982

145 ac of grass, blacktop frontage, gd fences,Grady Co. 405-785-2668

2 bed w/garage, greatneighborhood, awesome

street. Unbelievablewholesale deal! $23,500

301-6495

FORECLOSURES68, 1-4 bdrm homes in

Edmond start @ $45,000Patrick @Allied 740-6146

Open Sun 2-4, 1809 NW146th St, 3 bed, 2 bath, 2car, $129K, 409-7877.

Lease/Purch, Nice 3/2/2brick, ch&a, fenced, lowdn, no credit chk 630-0649

Lease/Purch, Nice 3/1/1low dn, no credit chk CarlAlbert Schools, 630-0649

Just Listed. 5 bd 3 ba 2 livoffice 3 car. Only 2 yrs old.

Apprx 2956' Stunningwoodwk. Priced under

market @ $272K.Cindy Cheatwood


3 bed, 1 bath, large back-yard, 1st buyer with

$16,000 cash.Brick, large 2 bed, nice

condition, $19,500 cash.301-6495

Owner fin. 2212 NE 262/1/1 Like New 417-2176www.homesofokcinc.com

Open Sun 2-44821 NW 26 (at Ann Ar-

bor) Beautiful duplex2729 sf, 2 bed, 2 bath up,

2 bed, 1 bath down,many updates, price re-duced! Call Jen, Kelley &

Co. 246-5672

Newly remodeled 2 bed,2 bath, 1122 NW 42nd.

all new appliances,$109,000. 405-760-2706

Owner/Realtor.

Financing» Lease Purchase» Rent to Own 2, 3 & 4bd

houses in all areas.buyahouseinoklahoma.com

562-0000 or 973-4322

FORECLOSURES165, 1-4 bdrm homes in

NW OKC start @ $21,500Patrick@Allied 740-6146

S. QUAIL: 6100 SF, POOL3 CAR GARAGE, 4 BED,4 BATH 850-0532

OWNER FINANCING$2000 down No Credit Ck2516 Murray 2/1 $49,0001221 SE 23tr 4/2 $56,0003216 SW 40 4/2 $56,000

596-4599, 410-8840

Financing» Lease Purchase» Rent to Own 2, 3 & 4bd

houses in all areas.buyahouseinoklahoma.com

562-0000 or 973-4322

Workshop 24x24 XL 3/1.5/1w/updates near .25 acres$59.9K Arlene 414-8753

BANK OWNED, Moore Sch,3/2/2 1826sf, blt 99, 1.25ac$118,600 Arlene 414-8753

Owner fin 3600 SW 383/2 Big lot • 417-2176www.homesofokcinc.com

FSBO, 1531 SW 52, OKCBrick, 2-1-1. ch&a, movein ready. 405-826-7156

Two Homes Just Listed.Both feature 3bd 2ba

2car Close to schl, library& churches. Lrg city lots.

Listed @ $139,900 ea.Cindy Cheatwood


PRICE REDUCED736 CYPRESS-WINDMILLPARK 4 Bd, 3 Ba, 1 Liv,

2 Din, $261.9KLeon 373-4820

Overland Exp Rlty

5215 HART DR//5 Ac5Bd, 3K Ba, 2 Liv, 2 Din

Pipe & Cable Fence$375K • Leon 373-4820Overland Ex Realty, Inc

OPEN HOUSE Sunday2-4pm. 608 NW 34th,

in Newcastle. New 2416Sq Ft, 4 bed, shop on1 Acre, 405-306-5137

HOME & 37.5 ACRESPRAGUE 3 bd/1.75 ba

north of Prague. Updatedthroughout. 2 ponds,barn (405) 637-6233

$141,500.

Homes in need of an"Extreme Makeover"located in Shawnee,

Luther & PadenCash Purchase Only

call for more informationWoodlake Properties

405-273-5777www.property4sale.com

OKC NW Open Sun. 2-4Historic Edgemere ParkDesirable view of park

241 NW 34th St. OKC3 bedroom, 2K bath,

3 living areas, 2350 sf,June '09 yard of the

month, new air condi-tioner & furnace.

Must See! $309,900.

8508 Placker Place,3 bed 2 bath

$138,000Homes With A HeartReal Estate, 237-1030

Spencer Sun 2-4, 8000John St, 3 bed, 2.2 acres,800-279-7027, ext 1004.

PRIME HUNTINGand Minerals - 80 acres

wooded wildlife areaw/creek for sale @ auc-tion June 30, 10:00am,

Dewey County.Berny Sander

580-922-4951 or 1478sanderauctions.com

2 Building Lots, 80'x150',One has a greenhouse

frame, $25,000/ea.»» 405-769-2406 »»

1-2K acre lots, $10,000+SE of Tuttle, TuttleSchools, 405-381-2617

48x28 double wide inpark, 3 bed, 2 bath, largeenclosed deck, 2 car car-port, 3 storage buildings.$20,000 cashier checkonly. 681-6788

2412 SE 59th Lot 205

New 3bd/2ba MobileHomes already on land

located in Shawnee,Prague, Cromwell &

Harrah (price reduced)Owner Financing

Woodlake Properties405-273-5777

www.property4sale.com

ATTN LANDOWNERS!!Own land or have familyland, a deed is all youneed for new home! Turnkey program, We do allimprovements. 1000 furni-ture package w/purchase888-878-2971 405-204-4163

Huge Sale/Save $1000’sAll display home must go!FREE delivery & set in OK.Some w/FREE furnitureFREE 10% rebate 787-5004

Home buyers purchasehotline! 4/2 bath moveto your land or ours!! Turnkey package! We do it all.888-878-2971 405-635-4338

DBL Wide Dealer Repo!!3bd & 2ba $488mo w/ lot

Ready to live in405-787-5004 wac.

Land/Home Repo SAVE$$$$! Many locationsaround OK. Easy financingw/ dn payment 470-1330

4 Bed/2 Bath Move inready. Owner may carry.

405-631-3200

3/2 bath set up in quietpark. Ready to move

888-878-2971 405-602-4526

Doublewide on acreage w/pond. Possibly owner carryw/$20k down 405-631-3600

3.5A 4/3/2 Like newWash. sch • 417-2176www.homesofokcinc.com

FOR SALE: 3 bd 2 ba DblWide on acreage, HarrahSchools 405-412-6236

Repo triplewide $45,900301-2454/517-5000

Repo 16x80 3x2, new paint$21,900 301-2454/517-5000

8 LAKE FRONT CABINS/ #9 LANDING AREALAKE EUFAULA, OK In-vestment opportunity w/income. 8 lake front fullyfurnished cabins. 3docks. PACKAGE DEAL.$875,000 Karen @ ERAReal Estate 918-617-3901 or 918-452-3900Owner/Assoc.

AUCTION210 A, 17 mi W of

McAlester, Exc pasture,only 2 mi. from ArmyBase, A-Frame cabin,

Very private, ExcHunting & about85% Good grass.

July 2, 2010, 10 AMat Jr. Kelley Real EstateOffice at A & Choctaw St

918-423-7823918-424-2977

Kelley Real Estate &Auction

DO NOT Call Unless…Foreclosure/Behind PaymtOverleveraged/Repairs

Call/Web 800-Sell-Now.com

WE BUY HOUSES1-800-SELL-FAST

www.1800sellfast.com

I BUY HOUSESAny condition. No cost

to U 495-5100

417-2176

Heard of a SHORT SALE?SELL YOUR HOUSE TODAY!Foreclosure/behind Pymts340-9879/HouseKings.com

Local investor will buyany house for cash, avoidhassle of banks 822-1018

I BUY & SELL HOUSES27 YRS EXP 650-7667

HOMESOFOKCINC.COM

Tenkiller log home, rus-tic elegance, 6 bed, 4Kbath, gameroom, walk towater, $425,000, own-er/broker, 918-776-7700.

TENKILLER lake lots forsale. Call 918-640-8556

or see our web site:pinecreekestates.net

Franchisegrowth.comMaster & Single units

available 405-887-5222

REDUCED TO SELL!Cash Flow Rental Prop.

Handyman Special.Owner financing avail.

1224 NE 19th $28,000107 SE 41st $40,0002118 N Prospect $28,000740 NE 36th $28,500Price Negotiable Kruger Inv.Call Jim 235-9332/812-1657

Wholesale Property 104Units $995K » 20 Units$499K » 16 Units $400K» Development Projects10%-15% R.O.I. from $100K

Seabrooke Realty405-409-7779

Shawnee, OklahomaRestaurant for lease,3900 sq ft, great locationHwy 177 & Acme Road, 3miles south of I-40, seri-ous inquiries only,»» 405-275-4533 »»

GREAT SpaceOFFICEConvenient

NW Locations:I-40 & Meridian

NW Expressway & MayBritton/Lake HefnerParkway 200-6000sf

946-2516

The Merryfield Centerin Mustang has

office/warehouse space,$675 month. Executiveoffice space for lease,

$800 mo. Another smalloffice for $350 mo.

(405)-376-4238

»»»»»»»»»»»»1-6 room office suitesStarting $6.50/sq ft,

Also Furn office spaces»» 6 4 0 - 8 2 0 6 »»

LARGE EFFICIENCY APTW/KITCHENETTE - ALL

BILLS PAID - WALKTO UCO»» 921-6897.

VERY, VERY QUIET!Near mall, schls, hosp,

Try Plaza East•341-4813

ALL UTILITIES PAID!ONE BEDROOMS FOR$530 A MONTH! $100

OFF SECOND MONTH'SRENT! 732-6668

MIDWEST MANOR

$200 OFF RENT1&2bedrooms. Spring TreeApartments. 405-737-8172.

1 & 2 BEDROOMS,QUIET! Covered ParkingGreat Schools! 732-1122

112K SE 1st. Spacious1bd garage apt, excellentcond, clean $375. No pets


Walford Apts 518 NW 12MIDTOWN District

Amazing! All electric,wood floors, giant 1bd1ba, cha, dishwasher,

washer/dryer conn1200sf $750mo $650dpStudio $550mo $450dpEfficiency $425mo $325dp

409-7989 no sec 8

MOVE IN SPECIAL!!!$250 Gift Card1 Month Free Rent!

LARGE 1, 2, 3 Beds w/2 Bath. From $375 a

month. CourtesyPatrol, Pool, ChildrensPlayground. Limited

Number Of UnitsAvailable. HURRY!!!

MacArthur Apartments5001 NW 10th St.

405-942-5500

Spring SpecialLARGE TOWNHOMES

& APARTMENTS• Washer, Dryers, pools• PC Schools, fireplaces

Williamsburg7301 NW 23rd

787-1620$99 Special

1 & 2 BD & Townhouses•City bus route/Shopping•Washer/Dryer hookupsValencia Apts

2221 N. Meridian

946-6548

No credit check!Foxcroft Apartments»»» 787-6655 »»»

Briargate 1718 N Indiana800sf 1bd 1ba, cha, all elec,wood floor, $475mo, $200dep. No sec 8 409-7989

The Florence Apts425 NW 11, MidtownStudio, 1bd 1ba, $450mo$300dep 409-7989No sec8

The Plaza 1740 NW 17th1bd, 1ba 750sf, woodfloors, all elec, $450 mo,$200dp. No sec8 409-7989

LIMITED TIME SPECIALrenovated, 1bd, gated,

new appliances 525-1177MOMENTUM PROP MGMT

IT'S SUMMER VACATIONAt Drexel on The Park-$1391ST MO- 1BED 946-0588»» ALL BILLS PAID »»

FREE RENTGated, 1bed, all new appli-

ances & tile. 525-1177MOMENTUM PROP MGMT

1507 NW 17th1bd 1ba, 1200sf $550mo$300dep. Free laundry

409-7989 no sec 8

Oakwood Apts 5824 NW 34K off Special 800sf, 1bd1ba, $350/mo $175/dep409-7989 NO SEC 8

Furnished/UnfurnishedBills Paid» Wkly/MonthlyWes Chase Apts, Elk HornApts, Hillcrest 943-1818

1bd duplex, $350 mo, smdeposit, 3rd & Virginia,Ready now 722-0787

MAYFAIR GARDENS His-toric Area! Secure, wash/dry hardwd flrs 947-5665

800 N. Meridian: 1bd, allbills paid & weekly ratesavailable. 946-9506

» MOVE IN SPECIAL »LARGE 1, 2 & 3 BEDS

Rockwell Arms, 787-1423

$99 Move-In Special1bd 1ba $295-350, stove,fridge, very clean 625-5200

Bills pd clean quiet furneff/1bd $100/wk&up 10&Penn 751-7238/640-9413

No Deposit, No App Fee.Large 2, 3, 4bds, PC Schls,W/D hk, A/C 722-0787

Putnam Heights Plaza1 & 2bd, ch/a, Dishwasher1830 NW 39th 524-5907

3400 N Robinson 700sf1bd 1ba $400 mo, $300dep 409-7989 no sec 8

BANK ON IT!Only $440 Casady751-8088

1 & 2 beds 946-0830arborglenapts.com

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

$201 Total Move-In CostEnergy Efficient

$1 First Week RentWeekly Avail: Effic $115

1bd $125, 2bd $165Disability & Social Security

recipients welcome616 SW 59th, between

Western&Walker634-4798Drug free environment

Not all bills paid

$199 Move In SpecialSe Habla Espanol

Carriage Square Apts634-6380

$99 SPECIALLg 1bdr, stove, refrig.,clean, walk to shops.$325 mo. 632-9849


$300-345/monthFurnished 1bd & Efficiency2820 S Robinson 232-1549

$99 Move In Special!!!Lg 1 and 2 Bdr, $325 to

$395 mo. 632-9849

$300-345/monthFurnished 1bd & Efficiency2820 S Robinson 232-1549

Nice 1 & 2 bedrm, furn,3317 SW 44th, & SW 9th

& Penn, 290-7663.

Furn 1BD most billsPaid + EMSA, no sec 8and no pets, 524-2730

2 Bedroom Townhomesin NW OKC - Gated .All major appliances.

1 Covered parkingincluded. Starting at

$770 mo. » 1 MONTHFREE! » 751-9390

NW OKC, Quiet 2bd, 2.5ba, all appls, most billspd, fp, PC Schls 720-1419

NW OKC, Quiet 2bd, 2.5ba, all appls, most billspd, fp, PC Schls 720-1419

1 bedroom + loft town-house, fireplace, patio,$675 + deposit. 640-7209

2 bed Condos Available$600-$850 Call today

831-4183

4704 Love Dr, 3/2, newlyremodeled, close to Tin-ker, $675, Ross 370-6188

1 bedroom duplex withcarport & fireplace, $445,8741 St George Way,219-1000

608 Williams, 2 bed, 2bath, 2 car, new paint &carpet, $500 dep, $750mo, 1 yr lease, 245-1282.

608 Williams, 2 bed, 2bath, 2 car, new paint &carpet, $500 dep, $825mo, 1 yr lease, 245-1282.

432 NE 115th2bd 1ba 2 car no pets $525

TMS Prop 348-0720

Upstairs Duplex $450mo2212K N. Lee, 1 bd, W/Dhook-up. 1300 sf, Histor-

ical district. 227-3151

3615 NW 51st St 1300sf2bd 2ba 2 car. Near Baptist/Deaconess $900 mo, $900

dep 409-7989 no sec 8

Town House, 2/1K /1, PCschls, appls, w/d, fp, secsys, $600 + dep 210-3903

7712 NW 113th Pl. 2/2/1ch&a, all appl, fncd, new-ly remod $725 301-4695

11705 N. Francis2/1.5/2. No pets $625

TMS Prop 348-0720

905 NW 94th, 1 bed,water paid, newly

decorated, 843-1408

906 N Gardner 3 bed,1.75 baths, fireplace$525/month 408-5836

Large 2-3 bed, 2 bath,2 car garage, TH,

all appls, gated, pool.Yukon Schools

from $800/mo. 789-3705

Brand new duplexes, 3 bd2 ba, 2 car, gated comm,call Rick, 405-830-3789.


3809 SE 24th, 3/1, ch/a,wd hk-up, $600/m +

$450/d 701-1722

Amazing Executive Home2055 Long Trail Ct, 3bd2ba 2.5car 2 living 2 dining2002 sf, covered patio$2000 month, $2000 depDeer Creek Schls 409-7989




1019Washington3/2/2 $895516 Mary Lee Ln 2/2/2 $82517909ChesntOak3/2/2$11951710 OldeSchPt3/2/2 $1175Express Realty 844-6101www.expressrealtyok.com

900 N. Fretz #84, 3bd1K ba mobile home $475

681-7272

Executive Home, 3bd 2ba2car, 1600sf, $1300 mo$1300dp 409-7989No sec8

1109 Northgate Terrace3bd, 2ba, 2car $850 mo +

$850 dep. 206-5859

1301 Parkwoods Ter, 3bd1ba 1-car, ch/a $625421 N Key Blvd, 2bd 1ba,detached garage $495

681-7272

513 E. Boeing2 bed 1 bath, fncd. bkydw/d hook-up with appli-

ances. 405-570-5865

4 bed, 1 1/2 bath, newcarpet, ch&a fenced yard1305 Parkwoods Court.

$695+deposit. 769-8800

3104 N Holman Ct, 3/1/1no smoke, no pets, nice,clean, $600 mo, 596-5570

V-Nice, 1 mi E of Tinker,3/1/2 ch&a, util rm, $575+$300, no pets, 732-4351

9304 NE 14, Nice 3/1.51 car $550 mo 732-3411

13125 MocassinSpacious 3bd 2ba 2car ch/alarge den w/fireplace, largepark lot, backyard w/wood deck, WestmooreSchools $995 mo




2bd 1.5ba duplex $6503bd 2ba 2-car 1500sf,fireplace $950Home&RanchRlty794-7777

Ready Now 505 NE 20th,3/1.5/2, ch/a, no pets,$800mo $500dp426-0028




616 E Hillcrest 1800sf 4bd2ba 2car $1300mo $1200dep 409-7989 no sec 8

1120 NE 19th, 3bd 2ba,detached gar. Sec 8 ok $6502300 N. Prospect large2bd 1ba $395

681-7272

‘ Several Properties ‘‘‘ For Rent ‘‘‘‘ 412-8083 ‘‘

3 HOUSES 2 & 3 beds,must see $450-$550mo

+dep 348-8391 aft 6

2301 N. Hood, 3 bed1 bath $525/month

408-5836

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Acreage For Sale 302


WASHINGTON — Home-builders nationally aresending a message: Theywon’t be able to contributemuch to the economic re-covery now that govern-ment home-buying incen-tives have vanished.

Home construction andapplications for buildingpermits sank in May, over-shadowing favorable re-ports on manufacturingand wholesale inflation.

Construction fuels abroad swath of industriesacross the economy. Yetdouble-digit unemploy-ment is a key reason peoplehave passed on buying newhomes. Even with lowmortgage rates, the indus-try is struggling.

“The economy is grow-

ing, and the housing marketis still in recession,” saidEugenio Aleman, senioreconomist with Wells FargoSecurities. “It’s not going tocontribute to growth, but itis not going to pull theeconomy back down.”

New home and apart-ment construction fell 10percent in May to a season-ally adjusted annual rate of593,000, the CommerceDepartment said. April’sfigure was revised down-ward to 659,000. Applica-tions for new building per-mits — a sign of future ac-tivity — sank 5.9 percent toan annual rate of 574,000,the lowest level in a year.

The number of new sin-gle-family homes tumbled17 percent, the largestmonthly drop since January1991.

Residentialmarket staysin recession

A for-sale sign is posted in a lot next to a new homeunder construction in Cincinnati. Home constructionplunged last month to the lowest level since Decem-ber as builders scaled back their starts after the fed-eral tax credit for buyers expired. AP PHOTO

CONSTRUCTION | HOMEBUILDERS SAYGOVERNMENT INCENTIVES HELPED SALES

BY THE ASSOCIATED PRESS

Q. After the financialcrisis and the recession,which seemed to start withthe housing market crash,everyone talks about thepros and cons of financialregulation. The Republi-cans don’t want regula-tion, and the Democratssay more regulation isneeded. What do youthink in regards to the ar-guments being made?

Dustin Murphy,Oklahoma City

A. Much of the talk to-day is based on a false di-chotomy. Let me explain.Present-day conservativeslike to link themselves withFriedrich Von Hayek andrefer to themselves as fol-lowers of the “Austrianschool” of economists.This, they believe, showsopposition to Paul Krug-man and modern-day lib-eral economists and oppo-sition to the teachings ofJohn Maynard Keynes.Keynes is credited withfounding the basis ofmacroeconomics by whichgovernments use fiscal andmonetary measures tominimize harsh effects ofbusiness cycles.

Both Von Hayek andKrugman received NobelPrizes in economics, in1974 and 2009 respective-ly, while Keynes, havingdied before these prizeswere first awarded in 1968,was awarded a title by theKing of England for ac-complishments during hislifetime. All three men are

truly great economists.Here’s what the pundits

say: Keynes and Krugmanwant regulation and gov-ernmental control, whileVon Hayek and the Aus-trian school want freemarkets rather than regu-lation.

The phenomenon VonHayek didn’t like anddidn’t want was centralplanning. Central plan-ning is indeed very differ-ent from and detrimentalto free-market capitalism.

What Krugman is wor-ried about are the forcesthat can make for monop-oly or oligopoly instead ofcompetition, also differentfrom and detrimental tofree-market capitalism.

To say that Krugmanand Keynes want centralplanning, not a “levelplaying field” where busi-nesses can thrive andcompete of their own ini-tiative, is a gross misstate-ment.

Charles Carter, Ph.D., specializes in realestate analysis after years ofexperience as a professor, real estatelawyer and appraiser. He is a consultantat Haint Blue Realty in Mount Pleasant,S.C. Readers may send questions [email protected].

MCCLATCHY-TRIBUNE INFORMATION SERVICES

FINANCIAL REGULATION DISCUSSED

Economicsdebate hasbeen skewed

CharlesCarter

REAL ESTATE Q&A

In a typical economicrecovery, the constructionsector provides much ofthe fuel. But that hasn’thappened this time.

Developers are trying tosell a glut of homes builtduring the boom years.And they must competeagainst foreclosed homesselling at deep discounts.As a result, new homesales made up about 7 per-cent of the housing market

last year, down from about15 percent before the bust.

Each new home builtcreates the equivalent ofthree jobs for a year andgenerates about $90,000in taxes paid to local andfederal authorities, ac-cording to the NationalAssociation of HomeBuilders. The impact is feltacross multiple industries,from makers of faucets anddishwashers to lumberyards, but it has weakenedin recent years.

Spending on residentialconstruction and remod-eling made up only about2.4 percent of the nation’seconomic activity in thefirst quarter of the year.That’s down from a peak ofmore than 6 percent dur-ing the housing market’sboom years.

Homebuilders are feel-ing less confident in therecovery now that govern-ment incentives for buyershave expired. The NationalAssociation of Home

Builders said its housingmarket index fell in Juneafter two straight monthsof increases.

New homes sales rosenearly 15 percent in April.That followed a nearly 30percent surge in March,the biggest monthly in-crease in 47 years.

The tax credits expiredon April 30. Buyers whosigned contracts before thedeadline have until June 30to complete their sales andqualify for incentives.

Housing starts not boosting economyBY THE ASSOCIATED PRESS

The Oklahoman Real Estate

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