The Oklahoman Real Estate

LISTING OF THE WEEK

HOUSE PLAN

Stonebridge Two-story addition luxury home Behind the Picardie Villa’s The Listing of the Week is in Edmond’s Stonebridge addition.

chateau exterior is a luxurious, two-story spread.

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REAL ESTATE

Mi-Ling Stone Poole

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THE OKLAHOMAN | NEWSOK.COM

SATURDAY, JULY 17, 2010

ROOFERS SAY DAMAGE FROM HAIL TAKES TIME FOR CORRECT REPAIR

ASK MI-LING

THINK IT THROUGH

Sometimes builders cut corners and don’t think things through or take into account the light that pours into your bedroom.

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IN BRIEF DESIGNS SAVE ROOM SPACE

A roofer working for Heartland Roofing wears a makeshift cardboard hat to shield himself from the sun as he works on a hail-damaged roof on a home in the 6400 block of Briarwood Lane in Nichols Hills.

PHOTO BY JIM BECKEL, THE OKLAHOMAN

BY TIM FALL Special Correspondent trfall@gmail.com

Recognize this profile?

You’re a homeowner, you were bombarded with fist-size hail back in May, and now it seems as if every waking moment is dedicated to one concern: When am I going to get this giant blue tarp off my house?

Homeowners whose roofs look like Ringling Bros. tents and whose lawns are still littered with shingle shrapnel: You are not alone.

Eight weeks after the devastating hail barrage that in a quarterhour did still-untallied millions of dollars in damage, there is a huge backlog of roofing repair jobs in the Oklahoma City area, according to roofing professionals.

Neil Cagle, owner of Bethanybased All-American Roofing, said his crews have been “plugging along” since the day after the storm.

“The truth is,” Cagle said, “all roofers are overwhelmed.”

Cagle said his company, like any reputable roofer, is “very systematic about making estimates and doing quality repairs.”

That means getting it done right takes time.

Step one for many homeowners, Cagle said, is to have temporary

repairs done. Insurance companies pay for temporary measures “to avoid water damage and because it’s way cheaper than moving out,” he said.

Then, with the leaks plugged, homeowners can make an informed decision about how best to tackle the larger roof-repair job.

Cagle said he tells people: “Don’t panic, and get the real thing done.”

Trevor Thomson of Red River Roofing & Construction in Edmond said his company is performing “extensive” temporary repairs, even 60 days after the storm.

“Sometimes people are in denial, like, ‘It hit everyone else but not me,’ ” Thomson said. “Or you just don’t notice there’s damage ’til later.”

But even when damage was immediately evident, Thomson said that between the “back and forth” with insurance adjusters and due diligence in verifying repair estimates, “it takes four weeks to get a contract signed” for a legitimate roof repair job.

For contracts being signed today, it may take six to eight weeks to install the roof, Thomson said.

“A lot of the job right now is SEE ROOFS, PAGE 2F

AUTHORS SEE CHALLENGE IN CLUTTER

George Poplin sweeps hail from the sidewalk of his Midwest City home after a severe hailstorm left widespread damage across the metro area May 16.

PHOTO BY JIM BECKEL, THE OKLAHOMAN ARCHIVE

Plan ahead to obtain mortgage in tight market If you’re a would-be homebuyer trying to take advantage of the remarkably low mortgage rates available, it’s likely you’ll confront high hurdles to credit approval and voluminous paperwork.

Mortgage experts say the core issue is that Fannie Mae and Freddie Mac, the nation’s two behemoth mortgage companies, have more demanding standards than in the past. And most lenders in America heed the companies’ standards.

Dale Robyn Siegel, a mortgage broker and author of “The New Rules for Mortgages,” said Fannie and Freddie — currently operating under tight federal scrutiny — are attempting to perfect a system that limits lending

Ellen James Martin SMART MOVES

solely to creditworthy borrowers.

“To stop the bleeding from foreclosures, they’re trying to revamp the mortgage system by trial and error,” Siegel said.

She’s convinced that what will emerge eventually is a sounder, more streamlined mortgage lending system. And she predicted that eventually the most cumbersome rules for mortgage processing will be refined. In the meantime, however,

she urged mortgage borrowers to be assertive.

Here are pointers for those planning to seek mortgage approval in the near future: Inform yourself on mortgage basics before you apply.

Having basic knowledge about mortgages before you apply should help you earn the respect of your lender. You’ll be more capable of deciding the best type of loan for you, and you’ll be less vulnerable to persuasion by unprincipled lenders, said Sid Davis, a real estate broker and author of “A Survival Guide for Buying a Home.”

You can do a quick study on home-buying essentials by visiting the website of the U.S. Department of Housing and Urban Devel-

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Design House Stockholm’s spacesaving furniture and accessories help squeeze the most living out of small rooms. The Swedish company offers several items with petite dimensions or multiple functions.

Among them are the free-standing Corner Lamp; the Tablo Tray Table, an end table with a removable top that doubles as a serving tray; and the Cloud Chair, a modest-size lounge chair with contemporary styling.

Design House Stockholm’s products are sold at www.designhouse stockholm.com.

Suggested retail prices are $250 for the lamp, $220 for the table and $950 for the chair.

opment (www.hud.gov).

In addition, Davis suggested you go to your local library or bookstore in search of a book on mortgages, though he cautioned that any book on the topic that was published more than a year ago could be out of date.

Arrange a face-to-face meeting with your mortgage lender.

A face-to-face meeting is especially important for those expecting to confront special challenges to loan approval, said Marty Qualls, who makes mortgages on behalf of several large banks. Such applicants include the self-employed, those with credit scores below 700, and those who have limited assets, such as savings accounts, on which to rely if

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they can’t meet their mortgage payments.

Respond promptly to your lender’s request for documents.

Siegel said ideal loan applicants arrive at their initial appointment with all the primary documents they’ll need, including recent pay stubs, W-2s and bank statements.

Mortgage officers are also pleased when loan applicants view their credit reports in advance of a meeting. Under federal law, you’re entitled each year to one free credit report from the three large credit bureaus: Equifax, Experian and TransUnion.

Just go to this website: www.annualcreditreport. com.

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SEE SMART, PAGE 2F

Mark Brunetz and Carmen Renee Berry want people to know that organization doesn’t come from a book, TV show or professional organizer. It comes from within.

Brunetz, a designer on the Style Network show “Clean House,” and Berry, an author and stress consultant, help people address their disorganization in “Take the U Out of Clutter: The Last Clutter Book You’ll Ever Need.” The book is built on the idea that clutter is a challenge, not a reflection of a person’s worth, and that dealing with it is an opportunity for self-awareness. The authors guide readers through selfdiscovery.

The book, from Berkley Publishing Group, sells for $16 in paperback.

FROM WIRE REPORTS

INDEX Handy Harney Stone Permits

3F 5F 7F 10F

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REAL ESTATE

SATURDAY, JULY 17, 2010

THE OKLAHOMAN | NEWSOK.COM

Smart: Check credit FROM PAGE 1F

You may also want to access your credit scores.

Such scores, which draw on data from credit bureaus, give lenders a measure of a person’s credit risk. Most lenders use FICO scores, pioneered by Fair Isaac Corp.

Usually you need to pay

Roofers work on homes near NW 67 and Ross Avenue in mid-June.

PHOTO BY STEVE GOOCH, THE OKLAHOMAN

Roofs: Delays common complaint FROM PAGE 1F

about emotional management,” Thomson said. “People want their roof yesterday. But we want to provide quality work, so we have to remind them what’s realistic.”

Besides the backlog from high demand, there’s another reason some repair jobs aren’t moving forward. Specialty roofing materials require up to two months to manufacture and ship, said Ryne Peak, a sales manager with CMR Roofing and Construction, a national company with offices in Del City and Tulsa.

“When you’re talking about quarried slate or Italian clay tiles,” Peak said, “there’s just not the kind of inventory” to cover all the demand.

Dick Marshall, co-owner of Metro Mark Realtors, said waiting for materials led to delayed closings for some homes his company lists in Nichols Hills and other areas that suffered the most hail damage.

One home, scheduled to close July 15, “won’t close till the roof is done,” Marshall said. The owners and buyers are waiting for Italian tile that is on special order.

“It’s an advantage for buyers, really,” Marshall said. “Insurance adjusters are on site checking everything.”

Buyers — maybe after a delay — are getting “new skylights, new carpeting,” Marshall said. “Insurance is fixing leaks, windows, everything. They’re getting a lot more than just a new roof.”

Marshall said figures available to him showed that more than 200,000 homes had been affected by the May 16 storm.

“It’s a total nightmare, sure,” he said, “but look at all the renovations coming out of it. It’s great in the long run.”

Felipe Jimenez carries shingles up the ladder to Alejandro Segvrd and Martin Barenas on a job near Piedmont.

Felipe Jimenez stands at the top of the ladder while co-workers roof a house on a Heartland Roofing job near Piedmont. Roofing companies say they remain backlogged with jobs after storms in May and June.

PHOTO BY MITCHELL ALCALA, THE OKLAHOMAN

PHOTO BY MITCHELL ALCALA, THE OKLAHOMAN

Serafin Navarro works in the afternoon heat with a crew from Heartland Roofing replacing a hail-damaged roof on a home in Nichols Hills.

PHOTO BY JIM BECKEL, THE OKLAHOMAN

Workers from Heartland Roofing replace a hail-damaged roof on a home in the 6400 block of Briarwood Lane in Nichols Hills.

PHOTO BY JIM BECKEL, THE OKLAHOMAN

a fee to obtain your credit scores. One approach is to buy these through the Fair Isaac website: www.myfico.com. You can also get scores through the credit bureaus. FICO scores range from 300 to 850.

E-mail Ellen James Martin at ellenjamesmartin@gmail.com.

UNIVERSAL UCLICK

REAL ESTATE

THE OKLAHOMAN | NEWSOK.COM

SATURDAY, JULY 17, 2010

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Take steps to protect property from wildfires Wildfires can strike anywhere, anytime. They move fast, and often with little warning. You can do a lot to minimize the risk that your home will become a tragic statistic should a wildfire ever come through your area.

Here are six steps you can take to help protect your home against wildfires: Create a fire break.

The first and perhaps most important step is to create a noncombustible fire break around your home. If you have noncombustible roofing material, the fire break should extend out for 30 feet in all directions. If you have cedar shake roofing, then extend the fire break to 50 feet.

To determine the layout of the fire break area, simply measure out from the edge of the footprint of your home’s combustible materials. That might be the edge of the roof overhang, or it might

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Paul Bianchina

The first and perhaps most important step is to create a noncombustible fire break around your home.

HANDY @ HOME be the edge of a wooden deck that’s attached to the house.

Within that fire break zone, create a wellplanned and well-maintained area that’s as free as possible of combustible vegetation that could support the spread of a wildfire. For example, use fire-resistant landscaping such as lawns, moist ground-cover plantings, and low shrubbery, or hardscaping such as gravel, pavers or other noncombustible materials.

Any trees within the zone should be thinned so that they’re no less than 10 feet apart, which helps prevent the spread of a fire from tree to tree, and

dead trees should be removed as well. All remaining trees need to be limbed to a height of at least 6 feet, which helps prevent a ground fire from spreading up into them.

Dry grass should be cut to less than 4 inches high, and dead material should be removed or broken up so that a fuel bed isn’t created.

Clear your driveway.

If you have a long driveway that’s more than 150 feet, you want to be sure that any overhanging trees are limbed up and back. There needs to be at least 13 ½ feet of vertical

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Homeowner wants door from suite to bathroom DEAR MI-LING: I have a problem with a doorway in the master bedroom. It measures 24 by 81 inches.

There is an electrical outlet on the wall, so I can’t use a pocket door. There is no door on the bathroom now, but I need one. Any suggestions? Thanks.

Barbara W. DEAR BARBARA: I can understand your door dilemma. Sometimes builders cut corners and don’t think things through or take into account the light that pours into your bedroom. Another problem can be the noise from the shower, shaver or hair dryer, which can become a nuisance to the person who’s trying to get a few extra winks in the morning.

One solution is to install a collapsible accordion door for a little more privacy, although the noise still will filter into the space.

Mi-Ling Stone Poole ASK MI-LING The second option is to create a larger opening; keep in mind that electrical outlets can be moved to another location or taken out depending on the building codes.

The third option is to enlarge the opening in your bedroom and select a door that will meet your needs. However, always check with a professional before removing a wall to make sure that it’s not a weight-bearing wall. And in general, it’s a good idea to consult a contractor.

Finally, you can install a beautiful drape on a pole just above the doorway to add height and elegance to

the room, and it can be easily pulled shut for privacy.

Now go out and create your own comfort zone!

Mi-Ling Stone Poole is the author of “Ask Mi-Ling! When You Want the Truth About Decorating.” Her radio show, “Mi-Ling’s Comfort Zone,” airs from noon to 1 p.m. Sundays on KTOK-AM 1000. If you have a decorating dilemma, contact her through her website, www.Mi-Ling.com.

clearance and 12 feet of horizontal clearance to ensure that fire trucks and other emergency vehicles are not impeded in any way.

You also want to make sure that vegetation is cleared back from the driveway for a total distance of 10 feet from the driveway’s centerline on each side, creating a 20foot-wide total fuel break area.

Clear around the chimney.

Sparks from a chimney that’s connected to a fireplace or a wood stove are a real fire hazard if they get into tree branch-

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es. To keep that from happening, trim overhanging tree branches back a minimum of 10 feet from the chimney in all directions.

Clean up the roof.

While you’re at it, remove dead branches that overhang any portion of your roof. Not only are they a fire hazard, they’re also very dangerous during a wind storm. If you’re not comfortable with any of this type of limbing, hire an experienced, licensed treetrimming company to handle it for you.

In addition to the trimming, remove dead leaves and pine needles from the roof and gutters. That also includes patio covers and similar areas. These leaf and needle buildups are extremely flammable, and a single spark or ember can quickly spread.

Move firewood piles.

A pile of firewood or lumber that’s stacked alongside the house can

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be a source of sustained heat during a wildfire.

Firewood and lumber should be moved at least 20 feet away from the house during fire season.

An even better solution is to build a separate enclosed shed for wood storage.

Don’t use the area under decks for storage.

That big open area under your deck or outside stairs is an inviting place to store lumber, firewood, paint, gasoline and lots of other things you use outside. But fires can draft under those areas very easily, and having a stockpile of flammable materials there can quickly feed a fire.

Clear combustible materials — including buildups of dead leaves and weeds — from under decks and stairs, then enclose the area.

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E-mail Paul Bianchina at paulbianchina@inman.com.

INMAN NEWS

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REAL ESTATE

SATURDAY, JULY 17, 2010

HOUSE PLAN

THE OKLAHOMAN | NEWSOK.COM

LISTING OF THE WEEK

The Listing of the Week is at 3903 Landon Court in Edmond.

Edmond house features lots of space, amenities The Listing of the Week is in south Edmond’s Stonebridge addition.

The 2,613-square-foot house has three bedrooms, 2½ baths, three living rooms, two dining areas and an attached three-car garage. The den has a fireplace. The study has a bay window, wood floors and French doors. A bonus room is upstairs. The kitchen has a breakfast bar, eating space and ceiling fan. The master bedroom

Picardie Villa for living large, indoors and out The estate-size Picardie Villa’s chateau exterior is a treat for the eye. Behind that fascinating facade, it’s a luxurious, twostory spread designed for living large, indoors and out.

Distinctly European influences are seen in the iron balcony railing, eyebrow arches, half-timbered entry detailing and elaborate chimneys capped with decorative chimney pots. Inside, the home is totally contemporary.

To enter, you pass through a lofty, vaulted porch before stepping inside a grand foyer with a 24-foot ceiling. An opening on the right leads into a dining room with an attached wine room, while the opening on the left links with a vaulted den, complete with gas fireplace.

Straight ahead, the foyer opens out into a vast vaulted living room, where stacked windows flank a wide-hearth, two-sided fireplace.

The upper stack of windows culminates in a Gothic arch. Near the windows, another opening leads into the sunwashed nook and gourmet kitchen.

A second two-sided fireplace brightens the nook. This one is flanked by two

arched openings that flow into a highceiling game room with its own wet bar.

Fireplace flames can be enjoyed from either room.

The vaulted owners’ suite has two bathrooms, each with a skylight and walk-in closet.

An exercise room is down the hall, and the suite has two doors that access the covered patio and spa. This patio flows into two more outdoor living areas.

A porte-cochere links the Picardie Villa to a side patio and a garage complex that can shelter six cars.

Two more bedrooms, a bathroom, and a skylit loft are upstairs, along with a catwalk and two large unfinished attics. One of the bedrooms has a balcony, and the other has a deck.

For a review plan, including scaled floor plans, elevations, section and artist’s conception, send $25 to Associated Designs, 1100 Jacobs Drive, Eugene, OR 97402.

Please specify the Picardie Villa 30-676 and include a return address when ordering.

For more information, call (800) 6340123.

Wilkinson joins realty office

Kathy Wilkinson

Kathy Wilkinson has joined Paradigm AdvantEdge Real Estate, 16301 N May Ave., as a residential real estate sales associate.

She previously sold real estate in Las Vegas. She also worked in customer service as a manager for a

supermarket chain. She attended Community College of Southern Nevada, where she studied psychology, and attended Francis Tuttle Technology Center, where she received her certificate in real estate and appraisal.

Groucho Marx’s Beverly Hills house priced at $6.9 million

BY MCCLATCHY-TRIBUNE INFORMATION SERVICES

LOS ANGELES — A former home of comic Groucho Marx is on the market in Beverly Hills for $6,995,000.

The Spanish-style estate has been maintained by the same family for the past half-century. Marx’s initials are carved into the concrete in two spots: the driveway and near the pool. A copper storage unit that the actor made in the upstairs office for his signature cigars is intact.

Fruit trees he planted remain on the property.

Marx was interviewed by Edward R. Murrow in the house in the 1950s.

The two-story house, with about 6,000 square feet of living space, sits on more than an acre with mature trees, an expansive lawn and a swimming pool. It was built in 1927

and has eight bedrooms and 6½ bathrooms.

Marx made more than a dozen movies as part of the Marx Brothers, as well as others on his own. He was also a host of radio and television game shows. Marx died in 1977 at age 86.

Sally Forster Jones and Daniel M. Weiser of Coldwell Banker’s Beverly Hills East office have the listing.

Groucho Marx in 1929 AP PHOTO

has a bath with double vanities and walk-in closet. Secondary bedrooms have ceiling fans. The mudroom has ample storage space, and the large utility room has a sink. The house has a covered patio and security system.

Built in 2006, it is listed for $269,500 with Carol Heinen of Metro First Realty.

Open house is from 2 to 4 p.m. Sunday. From Memorial Road, go north on

Eastern Avenue/Boulevard to the entrance to Stonebridge, on the left; enter, turn left on Landon Drive then left on Landon Court.

For more information, call 406-8182.

Nominations for Listing of the Week are welcome.

Send information on single-family homes to The Oklahoman, Richard Mize, P.O. Box 25125, Oklahoma City, OK 73125. Nominations may be faxed to 4753996.

REAL ESTATE

THE OKLAHOMAN | NEWSOK.COM

SATURDAY, JULY 17, 2010

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Lenders told to stop changing appraisals WASHINGTON — Picture this: You’ve signed a contract to sell your house.

Your buyers say they’ve nailed down the right mortgage. But then the appraisal comes in low — $25,000 to $50,000 under what was agreed upon.

The lender insists on cutting the mortgage amount to reflect the lower appraised value. You refuse to negotiate anywhere near the price indicated by the appraisal, and suddenly the whole deal is off.

You, the buyers and the realty agents involved are all left sputtering over the appraisal that scuttled the transaction.

This scenario is not unusual in markets across the country, according to homebuilders, realty agents and appraisers. One little-publicized reason why: Lenders unilaterally may be lowering the numbers on the appraisals submitted to them in order to avoid accusations that the loans they sell to giant investors Fannie Mae or Freddie Mac are based on inflated appraisals, even slightly inflated. Such value inflations can expose lenders to dreaded “buyback” demands, forcing them to repurchase loans at huge costs.

The vice chairman of

Kenneth Harney THE NATION’S HOUSING

the National Association of Realtors’ Appraisal Committee, Frank K. Gregoire of St. Petersburg, Fla., said it’s a widespread problem — large numbers of legitimate home sales “sabotaged by lenders and underwriters arbitrarily reducing the value estimate” provided.

Typically, Gregoire said, the lender orders a lowcost electronic valuation — based on publicly available statistical data with no on-site inspections — to review the accuracy of what was submitted by the appraiser. If there’s a discrepancy between what the computer says and the appraiser’s report, the lender’s underwriters sometimes simply cut the number, even if this means knocking the real estate transaction off track. Effective Sept. 1, Fannie Mae is prohibiting lenders who sell it loans from changing appraisers’ numbers. In guidance issued June 30, Fannie Mae said lenders

must contact appraisers to “resolve” any disagreements about the valuation.

If that’s not possible, they should order a second appraisal — not just chop the value supporting the real estate contract.

Appraisers applauded the new rule.

“This is huge,” said Gary Crabtree, president of Affiliated Appraisers of Bakersfield, Calif., and a member of the national government relations committee of the Appraisal Institute, an industry group. Pat Turner, an appraiser in Richmond, Va., said Fannie’s new requirement “is great news for consumers” because loan underwriters hundreds of miles from the property “no longer will be able to change the appraiser’s valuation” simply because they pulled a lower number off a computer.

Turner said these electronic models “are often inaccurate,” and provide no information on property condition. He said an appraisal completed recently in Virginia was challenged by a review company based in California using a proprietary electronic valuation system. The reviewer wanted to know why Turner hadn’t used a specific

Wells Fargo plans to lay off 3,800, end non-prime mortgages

BY MCCLATCHY-TRIBUNE INFORMATION SERVICES

CHARLOTTE, N.C. — Wells Fargo & Co. said it’s closing its 638 Wells Fargo Financial stores and ending the origination of non-prime mortgage loans that it keeps in its portfolio.

In the restructuring, Wells Fargo said it will eliminate 2,800 of 14,000 Wells Fargo Financial jobs in the next 60 days. An additional 1,000 will likely be lost in the next 12 months. Remaining employees will be reassigned to other Wells businesses.

The San Francisco-based bank said it no longer needed the locations because it now has 6,600 bank branches and 2,200 mortgage offices nationwide after buying Charlotte-based Wachovia Corp. in 2008. It said less than 2 percent of its real estate loans were originated through Wells Fargo Financial stores in the first quarter of 2010.

The job cuts equate to 1.4 percent of

Wells Fargo’s 267,400 employees at the end of March.

Wells Fargo said the restructuring would not affect existing bank branches or mortgage offices. Customers with current Wells Fargo Financial loans will continue to be served without disruption, the bank said. Federal Housing Administration loans, auto loans and credit cards previously offered by Wells Fargo Financial will be combined with similar products offered elsewhere in the company.

Analyst Nancy Bush of NAB Research said the move is partly driven by economics: There’s no need for so many Wells Fargo Financial stores when they can be easily absorbed by the branch network.

The subtext, she said, is that the bank is getting ahead of the curve on what the new Consumer Financial Protection Agency will require.

“Non-prime products are going to be in the bull’s-eye of the target of the CFPA,” Bush said.

property in the area as a “comparable” in doing his appraisal on the house.

Turner checked out the suggested “comp,” and it turned out to be a vacant lot, worth far less than the house, not a true comp “by any stretch of the imagination.”

Fannie Mae’s new guidelines also attempt to clarify other issues that have arisen during the past year, including the widespread use of inexperienced appraisers who are unfamiliar with local market conditions. Realtors, builders and mortgage brokers have complained

to Congress that rules adopted by Fannie Mae and Freddie Mac in 2009 encouraged lenders to use “appraisal management” companies to value properties.

Those companies, in turn, often pay appraisers deeply discounted fees and require them to complete their assignments far faster than normal turnaround times.

Fannie’s letter attempts to clarify its “appraiser selection” standards. Tops on the list: Appraisers should be experienced, “have the requisite knowledge” about local market

conditions, plus access to all local data sources. Fannie also emphasized that the demonstrated experience of an appraiser should always trump fees or turnaround times — a clear swipe at management companies who literally bid out their work on the latter two criteria.

Asked whether Freddie Mac plans to issue similar rules on appraisal quality standards, a spokesman said: “We’re definitely looking at it.”

E-mail Ken Harney at kenharney@earthlink.net.

WASHINGTON POST WRITERS GROUP

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REAL ESTATE

SATURDAY, JULY 17, 2010

THE OKLAHOMAN | NEWSOK.COM

City planning commission lists approved items FROM STAFF REPORTS

The Oklahoma City Planning Commission approved the final plat of The Grove South, Phase 1, north of NW 178 and west of May Avenue at its July 8 meeting.

Other items approved

› Application by Danny D. Gassett to

rezone 7601 W Hefner Road from the PUD-884 Planned Unit Development District to the SPUD-567 Simplified Planned Unit Development District.

Application by Condominium Owners of Cedar Springs Condominiums to rezone 12351 N May Ave. from the R-4 General Residential and C-3 Community Commercial Districts to the SPUD-568 Simplified Planned Unit Development District.

Application by Nest Homes LLC to vacate a portion of Final Plat of Preston to delete Plat Note No. 12, south of Memorial Road and east of N MacArthur Boulevard.

Preliminary Plat of Pleasant Grove, north of Memorial Road and west of Council Road.

Application by Accord/OKC Members LLC to rezone 6446 N Peniel Ave. from the R-4 General Residential District to the SPUD-565 Simplified Planned Unit Development District.

Application by David Dunn for an

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ABC-2 Alcoholic Beverage Consumption, Alcohol With Limited Alcohol District overlaying the C-3 Community Commercial District at 8139 NW 10.

Application by Pleas E. and Geraldine Dye to rezone 3700 S Eastern from the R-1 Single Family Residential District to the I-2 Moderate Industrial District.

Ordinance related to Planning and Zoning Code, Amending Chapter 59, Article II, Section 2150.2, establishing new definitions; Article IV, Sections 4250.3, 4250.4, and 4250.8, Amending Discretionary Review Procedures; Article VII, Sections 7150.1, 7200.1, 7200.3, 7200.4, 7300.8, 7350.2, 7350.5, and 7350.7, modifying Certificate of Approval requirements to address additional signage, modifying building materials criteria, modifying title of guidelines reference for Legacy resources, and removing PUD policy; Article VIII, Section 8500.2, establishing use conditions for temporary staging areas, off-site; Article XII, Sections 12200.1, 12200.4, correcting code reference in use table, referencing additional standards for accessory signs, and prohibiting electronically charged fencing within specific districts; Article XIII, Section 13500.3, modifying Certificate of Approval requirements, Section 13500.5, exempting street tree requirements from constricted rights-of-way, Section 13500.7, revising bulk standards table for

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office and hotel uses, modifying sign regulations and guidelines, Sections 13550.3, 13550.5, 13700.4, 13700.5, 13700.6 modifying Certificate of Approval requirement exempting specific signs, referencing Chapter 3 Sign Regulations, and declaring an emergency.

Ordinance related to Advertising and Signs, Amending the Oklahoma City Municipal Code, 2007, as amended, amending Chapter 3, Article V, Division 1, Sections 3-82, 3-83, revising definitions and amending General Prohibitions; Article V, Division 2, Sections 3-100, 3-102, amending temporary signs and display materials not requiring a permit and accessory signs regulated by zoning districts, and declaring an emergency.

Public hearing set for Aug. 12 on an ordinance related to zoning and planning; amending Section 4250.4 of Article IV of Chapter 59 of the Oklahoma City Municipal Code, 2007, concerning discretionary review procedures; and declaring an emergency; and Resolution of the Oklahoma City Council amending the “Preservation Guidelines and Standards for Oklahoma City Historic Districts” by amending Chapter 1, Section 1.9, Fences and Walls concerning site and landscape considerations relating to fence locations, materials, and providing for administrative review; Chapter 2, Section 2.4, doors and entries concerning alterations to the

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HOME | FANNIE MAE, FREDDIE MAC SAY GREEN-ENERGY FINANCING PROGRAM RESULTS IN LIENS ON PROPERTIES San Jose Mercury News

SAN JOSE, Calif. — A pioneering greenenergy financing program designed to help property owners pay for energy-efficiency upgrades to their homes is embroiled in a major political battle with the nation’s leading mortgage lenders.

Through PACE, or Property Assessed Clean Energy, cities and local governments issue municipal bonds and then make loans to property owners to cover the upfront costs of adding rooftop solar panels, new windows or insulation to their homes.

But mortgage giants Fannie Mae and Freddie Mac argue that PACE ultimately results in a lien on the property. In foreclosures, liens are typically paid off before the banks — so the lenders see PACE programs as adding additional risk in an already-wobbly housing market.

The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, also weighed in recently, saying PACE loans “pose unusual and difficult risk management challenges for lenders, servicers and mortgage securities investors.” The regulator urged local governments to suspend the programs.

Twenty-two states have passed legislation to enable PACE, and the Department of Energy has supported the programs with $150 million in federal stimulus funds.

The energy-efficiency loans are paid back over 20 years through a special property tax assessment that stays with the home even if the home is sold.

Advocates argue the tax assessment is no different from those for school bonds,

hospitals or mosquito abatement. They say the energy-efficient upgrades effectively add value to houses and stress that homeowners must be current on their mortgages to qualify.

The battle over PACE has thrown the program into limbo. San Francisco, for example, launched its version of PACE, known as GreenFinanceSF, in April, and included adding insulation, replacing windows and upgrading heating systems as eligible projects. Now the $150 million program has been put on hold.

PACE is largely the brainchild of Oakland, Calif., resident Cisco DeVries, who came up with the idea of allowing homeowners to pay for energy efficiency improvements through their property taxes while he was chief of staff to the mayor of Berkeley, Calif. Berkeley was the first city in the country to pilot the program. DeVries is now the president of Renewable Funding, which helps local governments get PACE up and running.

The idea quickly caught on among public policy experts across the country, and PACE was named one of the top 10 breakthrough ideas for 2010 by the Harvard Business Review.

“The American people are being held hostage by Fannie Mae and Freddie Mac,” said entrepreneur Jack Hidary, co-architect of the popular “Cash for Clunkers” program for the auto industry and an advocate for PACE. “There’s an institutional aversion to innovation.”

“This is not the final word on PACE,” said Cliff Stanton of Renewable Funding.

“There’s a lot of support in Congress for PACE, and we’ll be working with advocates to find a legislative solution.”

MCCLATCHY-TRIBUNE INFORMATION SERVICES

Local interior designer nominated for national hall Interior designer Karen Black, owner of A Karen Black Co., 3013 NW 63, has been nominated for the National Kitchen & Bath Hall of Fame.

Every year, the National Kitchen & Bath Association accepts nominations of outstanding professionals in the industry, including inventors and innova-

Paul Noyes

Noyes joins realty office Paul Noyes has joined Paradigm AdvantEdge Real Estate, 16301 N May Ave., as a residential real estate sales associate.

He is a lifelong resident of the metro area. Previously, he was a homebuilder in Yukon, Newcastle and Blanchard. Before that, he was a licensed electrical contractor.

tors of new materials, originators of improved products and those with other special achievements. Black, who is in her 26th year as a designer, developed Leather Cabinetry and was recognized with an International Award for Showroom Display at the 2010 Kitchen & Bath Industry Show.

Karen Black

›

Denied

›

Final Plat of Ironstone Phase One, south of NW 164 and east of Portland Avenue.

Deferred to Aug. 12

›

Application by Newey Family Partners LLC to rezone 3442 S Douglas Blvd. from the R-1 Single Family Residential District to the PUD-1416 Planned Unit Development District.

Application by Village Verde Developers LLC to rezone 11401 Northwest Expressway from the AA Agricultural District to the PUD-1418 Planned Unit Development District.

Preliminary Plat of Village Verde, north of NW 122 and west of Mustang Road.

Final Plat of Forest Glen Commons, north of SE 29 and west of Hiwassee Road.

› › ›

Beery joins realty office

Lenders opposing loan program for upgrades

BY DANA HULL

building fabric and components of existing buildings relating to storm doors, screen doors and providing for administrative review; and Chapter 2, Section 2.7, roofs concerning alterations to the building fabric and components of existing buildings relating to materials and providing for administrative review.

Receipt of the Airport Strategic Development Program.

Lynne Beery

Lynne Beery has joined Paradigm AdvantEdge Real Estate, 16301 N May, as a residential real estate sales associate.

She is a lifelong resident of Oklahoma and is a member of the Chickasaw Nation. She holds a degree in speech and drama from Oklahoma State Universi-

ty.

She began her real estate career in 1983 and has worked in Edmond, Oklahoma City, Dallas and Atlanta.

She holds the Certified Relocation Professional designation and is a member of the Relocation Directors Council.

If You Have Something To Sell Classified Can Do It — Call 475-3000

REAL ESTATE

THE OKLAHOMAN | NEWSOK.COM

SATURDAY, JULY 17, 2010

7F

Home inspector’s vagueness leaves questions DEAR BARRY: When I bought my house, the home inspector found nothing wrong with the furnace, but his report says, “The furnace may need maintenance or repair soon.” This did not seem urgent at the time, so we bought the house, assuming that the furnace was operative.

But yesterday, the man from the gas company said the furnace has code violations and is not safe to use. I don’t understand how my home inspector missed these problems.

What should I do?

Heather DEAR HEATHER: It would help to know exactly what kinds of code violations are involved.

Not all code violations are difficult or expensive to repair. Specifics matter a

Barry Stone

Not all code violations are difficult or expensive to repair.

Specifics matter a lot.

INSPECTOR’S IN THE HOUSE

lot. For example, a disconnected flue pipe is a code violation and is very dangerous. But repairing a disconnected flue can be a quick and easy job for a qualified contractor. On the other hand, a furnace installed in a prohibited location, such as a bedroom closet, violates code, is potentially hazardous and could require costly relocation to another part of the home.

Another issue is the unclear disclosure in the home inspection report. If

your inspector believed the furnace might need maintenance or repair soon, he should have stated the conditions that prompted that conclusion. Instead of advising you in such a vague way, he should have recommended professional servicing of the system before the close of escrow.

Then the defects could have been revealed before you took possession of the property.

You should find out exactly what is wrong with the furnace. Then

you should contact your home inspector and ask for a re-inspection. If the defects are visible and accessible, the home inspector should take responsibility for the lack of disclosure. Hopefully, the repairs will not be costly ones.

DEAR BARRY: I have a manufactured, woodburning fireplace, installed 15 years ago, when the home was built. It draws well when burning.

But when the fire goes out, the draw of the chimney gradually re-

verses, and I wake up with cold air blowing smoke into my living room. The brick fireplaces I’ve had in the past never did this. Is this a typical problem with manufactured fireplaces, and what can I do about it?

Gene DEAR GENE: What you describe can happen with fireplaces that are manufactured or constructed of masonry.

When the logs are burning, indoor air is drawn into the fire, and hot combustion gases rise up the chimney. When the fire dies down, the process sometimes reverses, causing cold air to fall back down the chimney and into the house.

It is unclear why this happens with some fireplaces and not with oth-

ers. Adjusting the damper to a nearly shut position as the fire goes out will reduce this potential for downdrafts. However, a restricted damper opening can also elevate the carbon monoxide discharge, so adjustments should be done under professional advisement.

For a comprehensive evaluation of your fireplace, have the fixture and chimney inspected by a certified chimney sweep.

To write to Barry Stone, go to www. housedetective.com.

ACCESS MEDIA GROUP

8F

REAL ESTATE

SATURDAY, JULY 17, 2010

THE OKLAHOMAN | NEWSOK.COM

Some California flippers hitting their stride

BY JIM WASSERMAN McClatchy-Tribune News Services

SACRAMENTO, Calif. — This is no work for the faint of heart. Inside the real estate business, investors talk of unwittingly buying uncleaned scenes of suicides, taking on unexpected and expensive tax liens, finding air conditioners missing, and paying occupants nearly $2,000 to leave.

But there is an upside to buying from banks that sell short on the courthouse steps.

From December through the end of April, 23 real estate investors and limited liability companies collectively earned $1.4 million in the Sacramento region for less than a month’s work, according to data from Onboard Informatics, a home sales tracker.

These investor groups bought severely discounted houses at auctions held by banks that had repossessed them from homeowners. Then, within days or

An investor bought this home in Sacramento, Calif., in December and by mid-January had sold it for $198,000 more than he paid.

MCCLATCHY-TRIBUNE PHOTO

weeks, but always in less than a month, they resold the houses.

The average price gain: $40,000.

These lightning-fast resales represent less than 1 percent of all transactions in the region, but the profit margins — even taking into account money spent on repairs — have made auction sales one of the hottest niches in Sac-

ramento real estate.

“Being an auction investor is a good business if you have access to the capital,” said Sean O’Toole, president of Contra Costa County-based ForeclosureRadar, a website that caters to such investors. “Most of the guys make good returns. But it’s hard work. It’s not a get-rich-

quick thing.”

Critics call the game “flipping” and blame it for a housing bubble that triggered the real estate crash in the first place. But others view it as Business 101, a critical piece of digging out from the crash. Houses with troubled histories get bought, repaired and quickly resold, generating cash for new business entities to do it again and again.

“It’s something that’s really taken off. We started seeing it popping up about the second quarter of last year,” said attorney Eric Graves, of Gold River, Calif.

He found a new specialty setting up limited liability companies for auction investors and steering them funding from a Montreal equities firm.

Most investors don’t resell their foreclosure properties in less than a month. But flipping within six months was back to 2005 levels early this year, researcher MDA DataQuick re-

ported.

McClatchy News Service examined 35 real estate transactions from December 2009 through April 2010 in which investors bought houses and sold them within a month for more money.

Nearly every house examined shared some version of the same story: owners buying as prices peaked, or loading up on home equity debt at the height of the housing boom. Nearly all defaulted as home values crashed, sending their dwellings to the courthouse steps for bank auction.

Graves said one of his LLC clients discovered that “the prior owner (a drug dealer) had committed suicide in the home, and he had basically just bought a crime scene that had not been cleaned up.” Though he sold it for $40,000 more than he paid, Graves said he still lost $12,000 after paying for the cleanup and an unexpected tax lien.

REAL ESTATE

THE OKLAHOMAN | NEWSOK.COM

SATURDAY, JULY 17, 2010

9F

Housing market woes surprise researcher

BY KATHLEEN LYNN The Record (Hackensack N.J.)

As director of the Joint Center for Housing Studies at Harvard University, Nicolas Retsinas had a front-row seat on the real estate market’s dramatic boom and bust.

After 12 years at the center, Retsinas left the director’s job to teach housing finance at Harvard Business School. He spoke recently about the center’s annual State of the Nation’s Housing report, why buyers got mortgages they couldn’t afford, and why real estate matters so much: Q: Were you surprised by the magnitude of the housing bust, and how long it has lasted?

A: Yes, by the severity of the housing bust, but even more so, how credit just seized up. It was a reminder of how dependent the housing market is on credit.

Q: In terms of credit, we’re not back to normal levels of lending, are we?

A: What is absolutely astounding is that essentially all housing credit is controlled by the government. Somewhere between 90 and 95 percent of all the residential mortgages this year have been insured by, guaranteed by or securitized by the government. That’s what’s keeping whatever housing market we have alive. But I, among others, do not believe over the long run that is sustainable.

Q: When do you see any kind of loosening up of the credit markets?

A: I would suspect we’re likely to see the same dominance of the government at least through the balance of this year. One of the big issues facing public policymakers is what to do with Fannie Mae and Freddie Mac. If we want to attract private capital, not only from this country but also global capital, some part of that credit risk

Edmond

Acreage For Sale

302

ACREAGE HOME SITES 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 2.5-10 ac Bridgecreek Schools Call Mike 317.0582 landmarkfinehomes.com Visit one of our fully furnished model homes today! *We build on your lot or ours*

Oak Tree Make 332 Heritage your next home with 5 Bedroom 4.5 bath Brent Gibson designed home on the golf course with a pool in the exclusive Oak Tree Addition.

Totally redone and move in ready. Take advantage of all the amentities like two PGA golf courses, award winning tennis center, and family friendly clubhouse all in your own backyard!!!!!

5bed, 3 Car Garage, 4050 2FP, 2-story Traditional Home, inground pool, $579,000 Contact Jay Clark at 405-4748058 or 405-513-7300 OPEN HOUSE 500 NW 193RD STONEBRIAR ADDN GREAT NEW HOME $199,900. 3 bed, study, outdoor fireplace, lots extras, Must See! 615-2545, 615-6177 BANK OWNED 3/3/2, blt 2002, 1728sf, 2.41ac, pond $119.9K Arlene CB414-8753

Harrah

Land for Sale 70 acres. Pasture and wheat land, fully fenced with water. Serious inquiries only. $1800 per acre. South of Vici off Hwy 34, yellow signs posted. Call Cunningham at 918-361-2835

315

417-2176 MWC

Stratford, Garvin County, Oklahoma, 7 ponds, great hunting, and a lot of grass for cattle grazing. 780 ac., $1,050.00 per acre Crieg Rittenhouse 806-339-1362 after 4:30p.m. Monday thru Friday

314

317

OPEN 1-5, SAT & SUN 13142 Whitebud Pl., TimberRidge Addn. $253,900 ¡ Kathy, Cobblestone Realty 582-2040 or 255-5165

BY OWNER - total remodel, 3 bed, 1 1/2 ba, 1c ch&a Reduced to $83K 705 Holoway Dr. 787-8099 Nice 3 bed, 1K ba, 2 car gar, remodeled, $88,000.

Rochell's RE 728-7617 1114 N. Westmoreland 3bed/2ba. Call Michele, Express 405-323-5251

Moore

318

PIEDMONT OPEN SAT 2-4 & SUN 2-5. Model home.

New hms on K ac lots.

Info also available for new hms in other additions.

From NW Expwy & Sara Rd go 4.5 mi N Cleaton & Assoc 373-2494

OPEN HOUSE, 2-4PM, 17201 Vitoria, 4 bed, 3 car, 2 bath, $192,000, W Enterprises, 732-2285

7 Acres - Midwest City For Sale: 7.1 acres in east Midsest City. 1/4 mile east of Henny Rd. on Shirley Lane. Lots of trees. $115,000. . 405-823-3815

OPEN 2-4 Thornberry Pl., 10021 SW 23rd - Okc limits 3bd/3car, blt '07 $139.5K Ronck Realty 324-9040

1N to 10A, E. of OKC, pay out dn. before 1st pmt. starts, many are M/H ready over 400 choices, lg trees, some with ponds, TERMS Milburn o/a 275-1695 paulmilburnacreages.com BUILDING SITES PIEDMONT 3/4 and 1 Acre Lots. Close In-Good Streets. Leon 373-4820 Overland Ex Realty 1-28 acres » All Areas Owner Financing Woodlake Properties 405-273-5777 www.property4sale.com 160 acres, 5000 sq ft home, irrigation system, 25 minutes to downtown OKC, 850-0532.

7+ Acres- LOT Piedmont 1/2 mile N. on Sara rd,Waterloo, Ashley 229-2799 7ac., $38,000

Mustang

319

OPEN 2-4 South Pointe, 10016 Daughety Dr. 4bd + ofc 2750sf mol, 3car $239.9K Ronck Realty 324-9040 541 E Elder Lane, 4 bed, 2 bath, 2 car, $148,000 obo, 405-464-1204 www.

541elder.mustangtoday.com Open House Sun 2-4 2400 Kingsley Lane, 3269 sf. $209K, 627-6269 Open Sun 2-4, 3/2/3, blt '03, 1813 sf, 810 E Elder Lane $154,000, 306-6504

OKC Northeast

323

3/2/2 on 2K ac, 30x40 shop, 424 Sherwood Ln, Edmond $170K 436-3055 For Sale By Owner 320 ac, Lincoln County, OK. 405-258-3634/918-740-3197

RE for sale Arcadia

310

123 W. Shore Drive Lake Hiwassee 4/2.5/3 Call Michele, Express 405-323-5251

324

1449 NW 99 • 3/1.5/1 Renov. Nice 417-2176 www.homesofokcinc.com S. QUAIL: 6100 SF, POOL 3 CAR GARAGE, 4 BED, 4 BATH, 850-0532 8009 Tammy Cir. 1454sf 3b 2b brk. see Class 503 Reding's Auction 262-2412

OKC Southwest

326

Financing Available Lease Purchase 562-0000 1528 SW 80 3/2/2 $99,000 8625 S. Miller 4bd $89,000 2101 SW61 Ter 4bd $80,000 1600 SW 64 2/1/1 $65,000 2520 Texoma 2/1/1 $55,000 buyahouseinoklahoma.com Lovely 3bd home in quiet area, lots of space, fresh paint, alarm, covered patio, nice landscaping, oversize garage + carport $64,000 Fidelity RE 692-1661, 417-1963 OPEN 2-4 Best Buy in Rockport!

3621 SW 123rd Court Approx 2900sf. $259,900 Ronck Realty 324-9040 OWNER FINANCING $2000 down No Credit Ck 2516 Murray 3/1 $52,000 596-4599, 410-8840 OPEN SUN 2-4, 212 SW 129th St, 3/2K /2, 2246 sf, $174,000, Buchanan Realty, Jonell, 503-6205.

3600 SW 38 3bd 2ba on .5A • 417-2176 www.homesofokcinc.com

Piedmont

327

Open Sun 2-4 736 Cypress 4BD 3BA, 1Liv, 2Din 3 Car Fm 178th & Piedmont Rd go N to Windmill Park. $261.5K Leon 373-4820 Overalnd Ex Realty Inc 2187 E. Trail Drive 5+AC 3 Bd, 3K Ba, 2 Liv, 1 Din 3 Car Gar, Custom Built $431.5K Leon 373-4820 Overland Exp Realty

Spencer

328

Huge Price Reduction!

8000 John St. 3bd/2ba, 2ac.

1-800-279-7027 ext. 1004 ThisERA

Tuttle/ Newcastle

329

Beautiful Home!

472 NE 23rd Terrace Must See! 3bed, 2ba, 2 Car Garage, 1842 1FP, 1-story Traditional Home, 2006 central heat, central A/C, city sewer, $159,900 Gayle 405-514-7289 OPEN HOUSE Sunday 2-4pm. 608 NW 34th, in Newcastle. New 2416 Sq Ft, 4 bed, shop on 1 Acre, 405-306-5137

Village/ Nichols Hills 329.5 Vineyard Cottages Home 2455 Manchester Dr Fabulous sr/ret livng, 3bd, 2ba, 2car,gated. 405-7486544 or 501-580-4422

OKC Northwest

Nice 3 bed, 1 ba, 1 car gar, new roof, new paint, $84,000.

Rochell's RE 728-7617

324

2528 N.W.40 +16X20 SHOP By owner to prequalified buyer. 2/1, 788#mol,+conv gar 210#mol,new roof paint cpt STOVE+REF $58,850 473-7834,821-7594 Sharp Spacious 4bed 2-story home, great area, large dry basement (can double for storm cellar), new carpet, fresh paint ch/a Seller will pay all of buyer's closing costs $99,750. Fidelity RE 692-1661, 417-1963 OPEN SUN 1-5pm 4012 NW 32nd St., 3BR, 1BA, 1 car, 1224 sf, $106,000. 405-210-7898

311.5

Open House Sun. 2-4 6018 Plum Thicket Rd. MLS#426202, Inground Pool, 5/3.5 ¡ 834-8873

Wooded 1ac, 3 or 4 bd 2.5ba 2liv/din Blt '06 2783sf $249,9K ArleneCB 414-8753

4907 NW 18th 3bed/2ba. Call Michele, Express 405-323-5251

Blanchard

Q: Who has benefited from the bust?

A: Beside the investors who played with different sorts of financial products, I think the key winners probably have been first-

3 bed, 2 full ba, 2 liv, 2 dining, 2 car, updated, over 2000 sf, $140K. Rochell's RE 728-7617

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

3.5A 4/3/2 Like new Wash sch 417-2176 www.homesofokcinc.com

OKC Northwest

has to be borne by the government.

Q: One of the biggest factors in the bust was that credit standards got too easy. Buyers who weren’t qualified got mortgages. Do you have any ideas about why this happened?

A: In part, people were granted mortgages not on their ability to repay the mortgage, because it was clear that wasn’t going to happen. But there was an expectation that even if they couldn’t pay, the future increase in the value of the property would end up being the collateral for that loan. For a long time, that was a formula that worked. But we reached a point where even with these exotic — what turned out to be toxic — mortgage terms, they just weren’t affordable.

It’s as if the exit light was turned off. So people, if they couldn’t pay, couldn’t just do what they could do a year earlier, which is sell the house, probably for more than they paid, and pay off that mortgage.

Q: What has been the biggest human cost of the housing bust?

A: The biggest human cost is the millions of people who have lost their homes.

One can look back coldly and say, “Well, maybe a lot of them shouldn’t have bought a home in the first place.” But a lot of people lost their homes the old-fashioned way: They lost their jobs.

What is also striking about what’s happened in the last few years is that it’s more than the individual family. I think we have found out that housing really matters, not only for families but for neighborhoods, and indeed, as it turns out, it matters for our national economy.

2112 Westchester 2bed/1 ba. Call Michele, Express 405-323-5251 Nic. Hills Lease/purchase 2762sf. Beautiful 4bed 3bath $249K 409-7877

Yukon

330

MUSTANG SCHLS remodeled & ready to move into. 3bd 2ba shaded front porch, tile & laminate flrs, approx 1269' $120,000 Marian 850-7654 Cleaton & Assoc 373-2494

Mobile Home Parks Community /Acreages 338 Want the Country Feel but in the City...2 & 3 bed MH avail for rent/ sale in a quiet beautiful community. close to shopping, TAFB, I-40 and I-240. Mid/Del Schools.

Financing avail WAC. For details & monthly specials 405-737-3483 Brand new 2010 3/2 home all electric. Yukon schools. Priced to sell Financing available wac Contact 787-0136 or 495-1463 Mobile Homes for Sale Brand New 3/2 $35,900 1200sq ft Yukon Schools 405-495-1463 New ready to move in 3 bed 2 bath 2010 mobile home for sale call 405686-1492 for more info

Mobile Homes, Manufactured Houses 339 Huge Inventory home sale!

Own Land or have Family Land use land to purchase new home! Need Land?

Land/Home I-20 acres available. 3, 4, 5 bedrm Manufactured & Modular homes. Turn Key, we do it all! 1000 furniture package with purchase 888-878-2971 405-204-4163 New 3bd/2ba Mobile Homes already on land located in Shawnee, Prague, Cromwell & Harrah (price reduced) Owner Financing Woodlake Properties 405-273-5777 www.property4sale.com First Time Homebuyer.

New & repo homes available. Move to your land or to community. Trade in homes are welcomed.

888-878-2971 405-602-4526 INVENTORY BLOWOUT! Free Delivery in OK. Invoice pricing/Save $1000’s 3bd Doubles at $415mo.

405-787-5004 » HAPPY B-DAY USA » Huge saving on stock homes. 3bd dbl. was $52k now $47K 405-470-1330 1997 Redman, s/w, 3 bed, $11,500, cash only, 826-7632 or 692-9627.

3bd 2ba DW on acreage w/pond for SALE. Less than $500/mo 631-3609 2bd 1ba $6900 Delivered 301-2454/517-5000 2004 16x80 3x2 $24,900 301-2454/517-5000 Repo 28x80 4x2, refurb $39,900 301-2454/517-5000

Oklahoma Property For Sale 340 EUFAULA LAKE / S.E. OKLAHOMA... 8 LAKE FRONT FULLY FURNISHED CABINS INVESTMENT OPPORTUNITY W/ INCOME!! 3 docks. PACKAGE DEAL OR PRICED SEPERATELY. $875,000 Karen @ ERA Real Estate 918617-3901 or 918-4523900 Owner/Assoc.

Real Estate Auctions

342

Foreclosed Home Auction 50+Homes | Auction 7/22 Open House 7/17, 24 & 25 REDC | View Full Listings www.Auction.com RE Brkr 157083 Foreclosed Home Auction 50+Homes | Auction 7/22 Open House 7/17, 24 & 25 REDC | View Full Listings www.Auction.com RE Brkr 157083 See ad for Farm Auction, for Saturday, July 24th, in section 503 (Auctions)

Real Estate Wanted

346

Heard of a SHORT SALE? SELL YOUR HOUSE TODAY! Foreclosure/behind Pymts 340-9879/HouseKings.com

363

Small walk-in private ofc, 300sf, off NW 4th & Meridian $160/mo 646-934-0440

Vacation Property For Sale 347 Lake Home/Property Washita Point/Lake Texoma New Home! 4 BR, 2.5 Baths, 2100 sq ft. on lg lot. Add'l lots avail.

Owner: 580-795-5195 Eufaula Cove. 4bed 3 full baths, 2 big lots. everything brand new! 2500sf Elevator, lakeview. $242,000 561-603-4347

Commercial RE Established Business For Sale ARBUCKLE MTN RESORT 5 furnished cabins, website, existing reservations, 2 vehicles & more on 6+ acres near the lake.

Creek provides great fishing for guests $479,000 United Country 1-800-999-1020, Ext 651 www.unitedcountry.com FOR SALE: Profitable C-Stores, Near recreational lakes, major highways. Books available to qualified Buyers. some financing also available.

Call Broker at 405-222-4705 or cell 664-3259

Full line grocery store for sale Established business located on well traveled highway in county seat. Motivated sellers. . 580-362-2779 ur 580-762-8613

Investment Property For Sale 355 REDUCED TO SELL! Cash Flow Rental Prop.

Handyman Special.

Owner financing avail.

1224 NE 19th $28,000 107 SE 41st $40,000 2118 N Prospect $28,000 740 NE 36th $28,500 Price Negotiable Kruger Inv. Call Jim 235-9332/812-1657 8509/8511 Wakefield Av. Duplex 2/1/1ea $125,000 MLS#429529 » 823-6670

Apartments Edmond

422

Industrial Property For Rent 361 Warehouse/Office I-40 & Meridian, 2200-4819sf, 946-2516

Office Space For Rent

363

GREAT Space OFFICE

Open Houses 334.2

DO NOT Call Unless…

Foreclosure/Behind Paymt Overleveraged/Repairs Call/Web 800-Sell-Now.com

OKC NW OPEN SUN 1-4 4300 WINDSONG WAY 3BD 4BA POOL/JACUZZI

I BUY HOUSES Any condition. No cost to U 495-5100

455

Putnam Heights Plaza 1 & 2bd, ch/a, Dishwasher 1830 NW 39th 524-5907

Very Nice Duplex, 2 beds, 1 bath, 127 SW 45, $410 month + $200 dep 210-8908

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

Yukon

800 N. Meridian: 1bd, all bills paid & weekly rates available.

946-9506

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

1bd 1ba apt $340/mo stove, fridge, clean, quiet 1441 NW 92nd 227-8202

Garage Apartments

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

1 bed, clean, new appls, 3031 NW 14th $395/mo, $200/dep. ‘ 748-6830

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

OKC SW 1 bed, stove & fridge, no pets, bills paid, $450mo + dep. 232-9704

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

Hotels/Motels 462

460

461

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

Furnished/Unfurnished Bills Paid » Wkly/Monthly Wes Chase Apts, Elk Horn Apts, Hillcrest 943-1818

Only $440 Casady751-8088

MWC

•ABC• Affordable, Bug free, Clean » 787-7212»

Bethany/ Warr Acres 464.5

424

$200 OFF RENT 1 & 2 bedrooms. Spring Tree Apartments. 405-737-8172.

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

OKC Downtown 429.5 Walford Apts 518 NW 12 MIDTOWN District Amazing! All electric, 1bd 1ba, ch/a Studio $500mo $400dp Efficiency $425mo $325dp 409-7989 no sec 8 SUMMER SPECIAL $149 1st mo. 525-1177 Near OU Med Center MOMENTUM PROP MGMT

OKC Northeast

430

$450 ALL BILLS PAID FURN EFFICIANCY! OFF NE BRYANT 427-7566

OKC Northwest

431

Spring Special

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

Williamsburg 7301 NW 23rd

Business Property For Rent 360

Tow Lot/Car Lot 65'x250'. $1200 month 825 SE 59th, 826-2853

OKC Southwest

RE for rent

MOVE IN SPECIAL!

Weatherford, Ok at I-40 Exit 80, 100 car parking lot. 12,000 sqft, complete central air condition. Excellent access to I-40. 928-925-9229

431

MCCLATCHY-TRIBUNE INFORMATION SERVICES

BANK ON IT!

787-1620

Edmond Plaza - 15th & Brdwy. Ext. Space for Lease 840 sf - $770.

Set up for salon, but can be remodeled to meet your needs. Call Bonnie M-F, 341-7132.

OKC Northwest

going back to where they were 40 or 50 years ago, building product for first-time buyers and young families, so they’re building much smaller homes. For the first time in 50 years, building sizes have started to decline. You talk to some of those big homebuilders and they’re building homes that are 1,400 square feet, 1,500 square feet. There’s even one that has a 900square-foot product.

Income is stagnating. Homebuyers are going to have to make a choice. They’re either going to have to pay a greater share of their income for housing, which means less money available for other things, or they’re going to have to accept less of a house, in terms of size or amenities.

Q: What’s the role of local and state governments? Some builders say they wouldn’t mind building smaller units and more dense developments, but often the zoning regulations won’t allow it.

A: I think communities are going to have to reawaken to the concept of transit-oriented development and think about where that housing is, what the impact is on commuting patterns and access to other urban amenities. There often is a disconnect between local governments’ self-interest and the broader regional interest.

That one we haven’t quite figured out.

Q: Will home price appreciation return anytime soon?

A: The next couple of months will be an interesting test, because we’ve had the withdrawal of the homebuyer tax credit.

Once we reach the bottom, whenever that is, that doesn’t mean there’ll be a rapid recovery. I think we’re likely to have a sort of trawl-along-the-bottom type of recovery, a little bit lumpy for a year or so. The black cloud overhead is the foreclosures.

VERY, VERY QUIET! Near mall, schls, hosp, Try Plaza East•341-4813

$39K/YR INCOME ON 6 Houses in Shawnee. $235,000, 405-831-4661.

345

Real Estate Notices

Office Space For Rent

I BUY & SELL HOUSES 27 YRS EXP 650-7667 HOMESOFOKCINC.COM

Convenient NW Locations: I-40 & Meridian NW Expressway & May Britton/Lake Hefner Parkway 200-6000sf 946-2516

PRICE REDUCED! 13001 Savage/Cemetary Rd 3bd 2ba on 5 ac MOL pecan trees, shop/storage bldg, fenced for horses $185,000 Marian 850-7654 Cleaton & Assoc 373-2494

time homebuyers, who have maybe longed to buy a house but could not afford to. Now we’ve essentially transferred wealth from existing homeowners to new homeowners.

Q: Some observers have been disappointed by the number of homeowners helped by the federal loan modification program. And the State of the Nation’s Housing report points out that the Treasury says that 40 percent of those who get relief will default again. How it could have been done differently?

A: In defense of the government, when they designed this program 18 months ago, they based it on a premise that the principal problem in the housing market was egregious mortgage terms. And if those mortgage terms could be reset and recalibrated to more typical mortgage terms and could be afforded, through subsidy or whatever means, by the borrower, that would stem the hemorrhage of the defaulted loans and foreclosures.

As we moved into 2009, the problem was less about the subprime loans and more the traditional reason why people have problems making ends meet — which is that they lost their job. If you modify the loan so that your monthly payments are only 31 percent of your income, and your income is zero, that’s probably not going to work. The problem outran the solution.

Q: Your report points out that between immigration and the aging of the echo boomers, there’ll be a need for 1.7 million housing units a year in the next decade — many more than builders are producing. But new homebuyers, on average, are expected to have lower incomes than previous generations. Will this change what gets built?

A: Some of the big builders have really changed their marketing strategy. They’re

$250 Visa Card 1 MONTH FREE RENT! MacArthur Apartments 5001 NW 10th St.

405-942-5500 Briargate 1718 N Indiana Ask About $400 Special!

800sf 1bd 1ba, cha, all elec, wood floor, $475mo, $200 dep. No sec 8 409-7989 WOW! $149 1st Month 1 Bed-2bed available »» ALL BILLS PAID»» POOL. 405-946-0588 DREXEL ON THE PARK The Plaza 1740 NW 17th Ask About $400 Special 1bd, 1ba 750sf, wood floors, all elec, $450 mo, $200dp. No sec8 409-7989

Foxcroft Apartments 1, 2 & 3 beds, Pets ok »»» 787-6655 »»»

OKC Southwest

433

$201 Total Move-In Cost Energy Efficient $1 First Week Rent Weekly Avail: Effic $115 1bd $125, 2bd $165 Disability & Social Security recipients welcome 616 SW 59th, between Western&Walker634-4798 Drug free environment Not all bills paid $99 SPECIAL Lg 1bdr, stove, refrig., clean, walk to shops. $325 mo. 632-9849 1 & 2 beds, D&S Apts, 6101 S Klein Ave., ch&a, No Sec 8, No Pets.

631-2383 Furnished/Unfurnished Bills Paid » Wkly/Monthly Wes Chase Apts, Elk Horn Apts, Hillcrest 943-1818 2123 SW 46th, 1 bed, 1 ba, washer/dryer hkup, $379 + $150, 550-8066. $300-345/month Furnished 1bd & Efficiency 2820 S Robinson 232-1549 $99 Move In Special!!!

Lg 1 and 2 Bdr, $325 to $395 mo. 632-9849 Furn 1BD most bills Paid + EMSA, no sec 8 and no pets, 524-2730

Condominiums, Townhouses For Rent 441 NANTUCKET May & Britton 2bd 2ba gated, pools »»» 488-4951 »»» 3245 NW 50th #244 2 bed 2 bath $550 mo TMS Prop 348-0720

Duplexes Edmond

444

2 bd, 1 ba, ch&a, K blk from UCO, $600 + $600 dep, 824-8954/348-9405.

MWC

446

2 & 3 bd Duplex, $500mo + $300dep.

Call 582-2057

OKC Northeast

452

The Florence Apts 425 NW 11, Midtown Studio, 1bd 1ba, $450mo $300dep 409-7989No sec8

432 NE 115th 2bd 1ba 2 car no pets $525 TMS Prop 348-0720

Oakwood Apts 5824 NW 34 K off Move in Special 1bd 1ba, 750sf $335mo $175dp 409-7989 no sec8

OKC Northwest

453

Edmond Office Spaces for lease. 625 sf, $835; 275 sf, $400; or for both $1200. All inclusive.

359-7100 or 641-0468

Furnished/Unfurnished Bills Paid » Wkly/Monthly Wes Chase Apts, Elk Horn Apts, Hillcrest 943-1818

Upstairs Duplex 1 bed, 1300 sf, W/D hook-up, $425/mo No Sec. 8 2212K N Lee 227-3151

’ $250 Deposit & 1st Month FREE - 1 & 2bds Sunrise Cove 943-0907

6719 W. Britton Rd. 4 bd, 2 ba, 2car, ch&a, $900 mo, $900 dep. 519-2845

Two Offices in Suite Edmond, Wireless & Utilities $250-600. 615-4540

3400 N Robinson 700sf 1bd 1ba $400 mo, $200 dep 409-7989 no sec 8

11705 N. Francis 2/1.5/2. No pets $625 TMS Prop 348-0720

Condo 2bd 2 full ba, all bills pd except elec. patio, fp, 8099 NW 23 (in Raintree) 722-9696 6617 NW 32nd, 3 bd, 2ba, w/d hookup, CH/A, fncd, $750 mo 921-6981 4 bed, 2 ba, 1400 sf, in Bethany, sec. 8 ok, $850.

Call Alex 990-0488

Choctaw

465

14421 Timberdale, 4/2/2, Newer, $1170 + deposit 285-0305 or 823-6550

Del City

465.5

2 bed brick , 1.5 ba, 2 liv, fireplace, $675. 3805 Chetwood Dr. 672-2120

Edmond

466

Moore

469

3 br, 2 ba, 2 car remodeled 105 SW 16 Moore $750+$750dep 691-4528

Mustang

470

2501 Renwick 4/3/3 $1995 Express Realty 844-6101 www.expressrealtyok.com

Newalla

471

3/2 Mobile Home, 5 acres storm shelter $775 + dep Home&RanchRlty 794-7777

OKC Northeast

474

»» NE Houses »» 605-5477 Free List 516 N Nebraska 4/1.5 $650 1718 Madison 2bed $395 »» NW Houses »» 12409 Covey Crk 3/2/2 $895 8937 Eagle Ln 3/2/2 $895 1212 NW 48 3bd $595 220 NW 89 3/1.5/1 $595 617 NW 92 3/1/1 $495 housesforrentofokc.com 1120 NE 19th, 3bd 2ba, detached gar. Sec 8 ok $650 2300 N. Prospect large 2bd 1ba $395 681-7272 2301 N Hood, 3bd, 1bath $525/month 408-5836

OKC Northwest

475

»» NW Houses »» 605-5477 Free List 12409 Covey Crk 3/2/2 $895 8937 Eagle Ln 3/2/2 $895 1212 NW 48 3bd $595 220 NW 89 3/1.5/1 $595 617 NW 92 3/1/1 $495 »» NE Houses »» 516 N Nebraska 4/1.5 $650 1718 Madison 2bed $395 housesforrentofokc.com 2064 NW 48th 2/2 $1450 6720BearCanyon3/2/2 $895 3137 NW 66 3/1/1 $795 Express Realty 844-6101 www.expressrealtyok.com Executive 4bd 3ba 2car 12108 Camelot Pl 2640sf, 2liv, 2din, $1330 mo, $1330 dep 409-7989 Okcrentalhomes.com

2013NW176 Tr 4/2/2 $1125 17909ChstntOk3/2/2 $1195 812 NW 139 3/2/2 $895 10512 Chisholm Trl 2/1$550 Express Realty 844-6101 www.expressrealtyok.com

Executive Quail Creek, 4 bed, 3 bath, 2 car, lg yd 3200sf, very nice! Avail Now $1695mo 301-2031

16116 Cantera Creek Dr. 4/2/2, 1818sf, fp, $1500/m. 405-816-7020

516 Flamingo, 3/1/1. $695 + dep. No sect 8.

495-1389 or 313-4839

900 N. Fretz #84, 3bd 1K ba mobile home $475 681-7272

Section 8 Okay 429 NW 88 3/1.5/1 $695 681-7272

3 bd, 2 ba, 2 car, 1664 sf, ch&a, $1500 mo + $1500 dep, 824-8954/348-9405.

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

3 bd, 2 ba, 2c gar, 1400sf

by UCO, $1000 mo. for info call Alex, 990-0488

Exc. Edgewater 3/2/2, Fla. room +ofc, 2400 sf. clean, $1195, 751-7227

MWC

468

»» MWC Houses »» 605-5477 Free List 1112 Locust 3/1/1 cha $595 203 Rickenbacker3/1/1 $495 3404 Willow Crk 2/1/1 $450 housesforrentofokc.com 2 bed 1 bath fncd. bkyd w/d hook-up with appliances. 513 E. Boeing 405-570-5865 2 bed, 1 bath, Newly decorated in country setting $475/mo.

837-2223 116 W Marshall, 2bd 1ba 1car, W/D hkup, $550mo $400dep 701-1722 V-Nice, 1 mi E of Tinker, 3/1/2 ch&a, util rm, $525 +$300, no pets, 732-4351 134 W Lilac, 3bd 1ba CH/A, W/D hkup $600mo $450dep 701-1722 325 E Rose, 3 bd, 1 ba, 1 gar, CH/A, wd hk-up, $675 +$500 dep 701-1722 3 bd, 1 ba, ch&a $600/mo + dep. 4005 Parkwood Lane. »»» 412-7013 1609 Christine, 3bd, 1K ba, ch/a, sec 8 ok, $600 642-3847 or 354-7413

Moore

469

2bd 1.5ba duplex $650 3ba 2ba 2car 1200sf $875 3bd 2ba 2-car 1500sf, fireplace $950 Home&RanchRlty 794-7777

SURREY HILLS, 11524 Queensbury Ct. 4 BR, 2.5 BA, 2 car garage, $1325 + $500 dep, 664-1072.

Super Clean 3 bed, 1 bath, ch&a $625/mo, $350/dep. 602-0603 PC Sch area - 3bd 2/2 Rambling Acres - $850 corner fp - fncd 376-5846 Open Sun 1-3pm, 6431 N Peniel, 2/2/2 duplex, fp, ch&a, $725, 627-4244 640/924 NW 109th, 3bd 2ba 2car 1300sf $875mo $800dp 409-7989 no sec8 3/1.5/1, 6617 NW 20th, ch&a, PC Schools, $725 mo, $600 dep, 348-9207.

4304 NW 11th St. 3 bd, 1.5 ba, 2c, ch&a, $700 mo, $700dep, 519-2845 3/1/1 ch&a, fncd yd, lndry rm 2937 W. Hill. $650/$500dep. 550-0553 1704 NW 34th 3/1 681-7272

OKC Southeast

$495

476

»» SE Houses »» 605-5477 Free List 1720 SE 51 4bd ch/a $695 1724 SE 51 3bed $595 1504 SE 48 PL 3bed $495 6504 S. Kelly 2/1/1 $450 »» SW Houses »» 8625 S Miller 4bd $795 1640 SW 79 3/2/2 $795 1528 SW 80 3/2/2 $795 1409 SW 77 Pl 3/2/2 $795 2101 SW 61 Terr 4bd $695 1600 SW 64 2/1/1 ch/a$550 2520 Texoma 2/1/1 $495 housesforrentofokc.com

OKC Southeast

476

5312 Bodine, 3/1/2, newly redone, Sec 8 ok $725 681-7272 1 bed, 1 bath, no pets, $395 month $300 deposit 337 SE 59th. 826-2853 1010 SE 51, 3 bd, 1bath $475/month 408-5836

OKC Southwest

477

»» SW Houses »» 605-5477 Free List 8625 S Miller 4bd $795 1640 SW 79 3/2/2 $795 1528 SW 80 3/2/2 $795 1409 SW 77 Pl 3/2/2 $795 2101 SW 61 Terr 4bd $695 1600 SW 64 2/1/1 ch/a$550 2520 Texoma 2/1/1 $495 »» SE Houses »» 1720 SE 51 4bd ch/a $695 1724 SE 51 3bed $595 1504 SE 48 PL 3bed $495 6504 S. Kelly 2/1/1 $450 housesforrentofokc.com 2100 SW 78 3/1.5/2 $785 1033 SW 63rd 2-bed 1bath 2 living $475 3728 SW 38th, 2/1/1 $450 633 SW 33rd 2/1 $350 2401 SW 43rd #7 1bd apt, total elect, water paid $325 681-7272 New Rivendell Exec Home 408-4168 Luxury indoor pool & spa Fully equip'd media & wrkout rooms. $5500/mo Openhouseok.com 2737 SW 60th, 3/1/1, $625/$500. OKC Homes 4 Lease. 996-8987 Sec. 8 Not Avail.

1325 SW 23rd. Nice 2bd home, 1-car garage, new carpet, fresh paint, fenced $495 Fidelity RE 692-1661 Sec 8 OK - New Home 5bdr/2bth $1200/m sep util, large lot 759-6828 3105 SW 120th Place 3/2/2 wood floors $1000 TMS Prop 348-0720 825 SW 67, 3 bd 1.75 ba double car garage $695/Month 408-5836 Sec 8 Ok, Remodeled 3 bd, 1 ba, CH&A, $675mo 708 SW 58th 990-9393 SW 51st & Penn, 3/2/2, fireplace, 1900sf $800+dep Home&RanchRlty 794-7777 1541 SW 45th 3bd, 1bath $595/mo 408-5836

Village/ Nichols Hills 481.5 1207 Tedford Way 3/2, formal dining $1600 TMS Prop 348-0720

Yukon

482

Nice 5 bed, 1K ba, 2 car, lg back yard w/storage, Mustang Schl, section 8 okay, $1000 mo 321-2601

Mobile Home Rentals 483 WHY RENT WHEN YOU CAN OWN? Easy financing with no credit needed. Yukon schls

405-815-7245

$ FREE RENT 1ST MO $ 2BR $350+, 3BR $495+, MWC NO PETS 427-0627 2 bd, 2 ba, Nicoma Park, appliances, fenced yard, $375+$250dep 769-2328

Rental Services

487

Rental Helper Current Home Rental Listing $39 at the Gold Dome (405) 605-5551

Rooms For Rent

489

Mature single male, smoking okay, near Tinker, $450 month, utilities included, 619-0177.

Vacations, Resorts For Rent 490 Luxury Vacation Spot on the beautiful Blue River in SE Ok. 4bd, 2ba Kayaking packages avail. blueriverlanding.com

10F

SATURDAY, JULY 17, 2010

Permits Oklahoma City

Riggs (Clyde) Construction, 7801 W Memorial Road, office, erect, $8,000,000.

Matt Wilson Custom Homes, 11701 Watermill Road, residence, erect, $700,000.

Prestige Custom Homes, 2917 NW 156, office, erect, $560,000.

Hobby Lobby Stores Inc., 2213 W Interstate 240 Service Road, retail sales, remodel, $475,000.

Clark Construction, 308 NW 164, church, add-on, $380,000.

Jerry Brown Construction, 12221 Park Ave., church, add-on, $350,000.

D.R. Horton, 2301NW 154, residence, erect, $324,600.

D.R. Horton, 8712 Ally Way, residence, erect, $323,300.

Jeff Anderson, 10815 San Lorenzo Drive, residence, erect, $308,827.

Nashert Construction, 3140 W Britton Road, office, fire restoration, $300,000.

Landmark Fine Homes LP, 8717 NW 157 Place, residence, erect, $294,000.

Landmark Fine Homes LP, 18501Feliz Drive, residence, erect, $285,000.

Richmond Signature Homes, 17324 Parkgrove Drive, residence, erect, $270,000.

D.R. Horton, 2325 NW 153, residence, erect, $265,800.

Billie J. Hicks, 14200 SE 76 Place, residence, erect, $250,000.

D.R. Horton, 11220 NW 98, residence, erect, $241,500.

D.R. Horton, 6101 NW 162, residence, erect, $231,100.

Seagull Homes, 5600 NW 130, residence, erect, $220,000.

D.R. Horton, 11221 NW 97, residence, erect, $218,500.

D.R. Horton, 9805 Allie Hope Lane, residence, erect, $218,500.

Johnston Builders LLC, 5613 NW 125 Court, residence, erect, $210,000.

Milestone Fine Homes LLC, 13600 SE 94, residence, erect, $200,000.

TC Management, 1300 N Broadway Drive, office, remodel, $200,000.

Treasure Built Homes, 7600

Leoma Lane, residence, erect, $200,000.

Austin Homes LLC, 8401 NW 124 Circle, residence, erect, $190,000.

Vickie James Custom Builder Inc., 7312 Jack Drive, residence, erect, $190,000.

Woodland Homes LLC, 3101 Wexford Ave., residence, erect, $190,000.

Neal McGee Homes Inc., 2417 NW 153, residence, erect, $189,900.

Baer Hall Homes, 4709 SW 125 Place, residence, erect, $180,000.

Baer Hall Homes, 313 SW 171, residence, erect, $180,000.

Woodland Homes LLC, 3105 Wexford Ave., residence, erect, $180,000.

HSE Architects, 914 N Broadway Ave., residence, remodel, $175,000.

HSE Architects, 914 N Broadway Ave., residence, remodel, $175,000.

Seagull Homes, 13212 Alexandria Drive, residence, erect, $170,000.

Richard Spelling, 13601 SE 89, residence, erect, $165,000.

Fitch Architecture, 1901Northwest Expressway, retail sales, remodel, $150,000.

The Upchurch Co. LLC, 15216 Fairview Farm Road, residence, remodel, $150,000.

D.R. Horton, 11232 NW 98, residence, erect, $144,500.

Derek Witmer, 14801 Prairie Lane, residence, erect, $140,000.

Sun Properties LLC, 11733 SW 19, residence, erect, $130,000.

Landmark Fine Homes LP, 18100 Piedra Drive, residence, erect, $125,000.

Landmark Fine Homes LP, 18224 Piedra Drive, residence, erect, $125,000.

Landmark Fine Homes LP, 2801 NW 184 Terrace, residence, erect, $120,000.

Landmark Fine Homes LP, 18500 Piedra Drive, residence, erect, $120,000.

Landmark Fine Homes LP, 18512 Piedra Drive, residence, erect, $120,000.

Dodson Custom Homes LLC, 9040 NW 83, residence, erect, $109,200.

Ideal Homes of Norman LP, 317 Durkee Road, residence, erect, $109,000.

REAL ESTATE Rausch Coleman Homes LLC, 11820 NW 132, residence, erect, $109,000.

Rausch Coleman Homes LLC, 11833 NW 133, residence, erect, $109,000.

Rausch Coleman Homes LLC, 11816 NW 132, residence, erect, $109,000.

J.L. Walker Construction Inc., 6600 Galaxie Drive, school, remodel, $100,000.

Rausch Coleman Homes LLC, 8416 SW 47 Circle, residence, erect, $100,000.

Rausch Coleman Homes LLC, 8420 SW 47 Circle, residence, erect, $100,000.

Rausch Coleman Homes LLC, 8424 SW 47 Circle, residence, erect, $100,000.

Rausch Coleman Homes LLC, 8412 SW 47 Circle, residence, erect, $100,000.

Rausch Coleman Homes LLC, 8500 SW 47 Circle, residence, erect, $100,000.

Rausch Coleman Homes LLC, 8404 SW 47 Circle, residence, erect, $100,000.

Sooner Traditions LLC, 19444 Skylers Drive, residence, erect, $100,000.

Sooner Traditions LLC, 2133 NW 159 Terrace, residence, erect, $100,000.

Sooner Traditions LLC, 2129 NW 159 Terrace, residence, erect, $100,000.

United-Bilt Homes LLC, 5506 Permian Drive, residence, erect, $93,819.

Treva Ragland, 4800 Central Ave., manufactured home, move-on, $87,500.

Ideal Homes of Norman LP, 429 Argos Road, residence, erect, $80,000.

Walker (J.L.) Construction Co., 3433 NW 56, medical clinicoffice, remodel, $80,000.

Home Creations, 19904 Adagio Lane, residence, erect, $77,000.

Leesa Conley, 11601 SE 156, manufactured home, move-on, $65,000.

Willard Rogers, 3000 SW 104, restaurant, remodel, $60,000.

Max Cornwell, 15101 Kendall Lane, manufactured home, move-on, $48,000.

Buoy Bros. Construction, 11100 SE 97, storage, erect, $40,000.

Halls Construction Inc., 18001

THE OKLAHOMAN | NEWSOK.COM SE 74, residence, add-on, $38,000.

S&R Construction, 4240 W Interstate 40 Service Road, hotel-motel, add-on, $30,000.

Robert Newman, 8701 W Reno Ave., automotive sales, erect, $30,000.

Harley Duncan, 26 NE 10, manufacturing, add-on, $28,910.

Jose L. Torres, 3147 SW 20, residence, add-on, $25,000.

Mostafa Moghrelfa, 3718 N Land Ave., residence, fire restoration, $22,000.

Southwest Builders, 1216 SW 117 Place, residence, add-on, $21,667.

A Karen Black Co., 6701 N Country Club Drive, residence, add-on, $20,000.

David Mullens, 8101 Eagle Wood Drive, storage, erect, $20,000.

Keith Group Properties, 2400 S MacArthur Blvd., manufactured home, move-on-mobile home park, $17,900.

Hedrick Plumbing, 5004 S Eastern Ave., manufactured home, move-on-mobile home park, $17,300.

Hedrick Plumbing, 5004 S Eastern Ave., manufactured home, move-on-mobile home park, $17,000.

Hedrick Plumbing, 5004 S Eastern Ave., manufactured home, move-on-mobile home park, $16,675.

Hedrick Plumbing, 5004 S Eastern Ave., manufactured home, move-on-mobile home park, $16,300.

Hedrick Plumbing, 5004 S Eastern Ave., manufactured home, move-on-mobile home park, $16,005.

Callahan Steel Buildings (Curt), 600 Palo Verde Court, storage, erect, $16,000.

Hobby Lobby Stores Inc., 7020 S Harvey Ave., residence, remodel, $15,000.

One Cut LLC, 3800 NW 20, residence, remodel, $15,000.

Catherine Lancaster, 701 Skylark Drive, accessory, erect, $10,000.

Rob Van Gorp, 15501 Country Edge Drive, storage, erect, $10,000.

Constantino Martinez, 809 SW 30, residence, add-on, $8,500.

Roberto Soto, 9517 N Walker Ave., accessory, erect, $6,000.

Jose L. Torres, 3147 SW 20, residence, erect, $5,000.

Nancy Arriago, 801 SE 19, residence, add-on, $5,000.

Chris Napier, 5317 S Eastern Ave., storm shelter, install-storm shelter, $5,000.

Smart Safe Enterprises, 2820 SW 139, storm shelter, installstorm shelter, $4,695.

Scott C. Miller, 10709 NW 32, storm shelter, install-storm shelter, $3,000.

Smart Safe Enterprises, 7421 NW 131, storm shelter, installstorm shelter, $2,800.

Sunil Hari, 9001 Shady Grove Road, storm shelter, installstorm shelter, $2,800.

Tony Basolo III, 12601St. Lukes Lane, storm shelter, installstorm shelter, $2,800.

Sam Lovelace, 3009 S Phillips Ave., automotive sales, remodel, $2,000.

Jerome Espiritu, 15815 Sterling Canyon Drive, storm shelter, install-storm shelter, $2,000.

Rodney Lamont Morgan, 1408 NW 106, accessory, erect, $1,700.

Carol A. Babber, 7308 Walnut Creek Drive, storage, erect, $1,656.

Sooner Traditions LLC, 2436 NW 193, residence, move-on, $1,500.

Jesus Manuel Cueto, 2706 SW 42, residence, add-on, $1,200.

Craig Chesnut, 12825 SW 53, residence, erect, $1,200.

Antonio Padilla, 3309 SW 42, canopy-carport, add-on, $1,000.

No name provided, 905 SW 157 Circle, accessory, erect, $1,000.

Demolitions Brookside Excavation & Demolition, 14200 SE 76 Place, residence.

Midwest Wrecking, 7701 Valley Creek Drive, residence.

Ray’s Trucking, 7615 Valley Creek Drive, business.

Crosby Construction, 3329 NW 24, garage.

Bill Walker, 2112 NE 21, storage.

David Luccio, 2408 SW 34, garage.

Curtis Fortenberry House Moving & Demolition, 13800 SE 126, house.

Midwest Wrecking, 7820 Dripping Springs Lane, house.