The Future of Real Estate Radio Program

The Future of Real Estate Radio Program with host, Darryl Baskin, offers Tulsa the most up-to-date real estate information available.

Listen to “The Future of Real Estate” on AM 740 and FM 102.3 News Talk KRMG every Saturday at 12:00 noon.

Tulsa, OK (May 21, 2009) – In a world where the state of the American economy is clouded by negative real estate reports, a popular radio show in Tulsa, Oklahoma, offers a refreshing take on the real estate market dialogue. True to its name-- The Future of Real Estate—provides helpful and accurate information presented by experts in the Tulsa Real Estate market. More importantly, The Future of Real Estate incorporates listener input to respond to the questions the community has.

The one hour talk show combines a local real estate news feature and public service announcements, with weekly guests that discuss a variety of topics relevant to today’s real estate market. Studio guests range from Bank of Oklahoma mortgage specialists to PCC Cleaning and Restoration and include Montgomery Exterminating with their “Bug of the Week.”

Past topics have included:

- What to do if you are buying a home someone was murdered in
- Small claims court process
- Cupola’s- an Old World accoutrement is the New Status Symbol

Listeners are often invited to call in with questions. The show’s experts answer questions relating not only to buying and selling real estate, but also to basic home remodeling and repairs.

The Future of Real Estate airs live on AM 740 and FM 102.3 News Talk KRMG every Saturday at 12:00 noon and past shows can be listened to online via pod cast at www.DarrylBaskin.com/radio_shows.

I am getting many calls this week about sprinkler repair and other summertime home and commercial property repair needs. Bookmark http://ping.fm/R22JP for reference to reliable repair companies.

Yes, Broker's must adhere to the new appraisal guidelines....Ken Harney's Saturday Article

New Appraisal Rules Come With Costs

By Kenneth R. Harney
Saturday, May 16, 2009

How about this scenario the next time you refinance or apply for a new mortgage: The real estate appraisal that used to cost you $325 now costs $450, even though the appraiser doing the work is getting only $175 or $200.

Plus, your appraisal-related charges may now be subject to add-on fees that you have never heard of -- $50 to $100 extra in "no show" penalties if you get stuck in traffic and miss your appointment with the appraiser. Or an extra $50 to $150 if the property is worth more than $500,000.

On top of all this, your mortgage loan officer requires you to pay for the appraisal upfront with a credit or debit card, rather than including the fee with the usual lender origination costs at settlement. In some cases, your card may be charged more than the anticipated cost of the appraisal -- leaving debit-card holders in a potential overdraft situation.

Worse yet, the person conducting your appraisal may be new to the field -- willing to work for a cut rate -- and may not be as familiar with local value trends and pricing adjustments as an appraiser with more experience. If your mortgage application is denied by one lender, you could be forced to pay for a second full appraisal because the new lender may not accept the first one.

That scenario is now reality, according to critics of the new appraisal rules imposed nationwide on May 1 by Fannie Mae and Freddie Mac. Advocates of the rules vigorously deny that the new system is flawed and say any increase in appraisal costs should be manageable for most consumers.

The rules, which go by the name Home Valuation Code of Conduct, are intended to improve the accuracy of appraisals by eliminating pressure on appraisers from loan officers. The code pushes most large lenders to use third-party "appraisal management companies" that contract with networks of independent appraisers around the country who have no direct contact with retail loan officers or mortgage brokers.

Mortgage brokers -- who formerly chose appraisers and kept a competitive eye on appraisal fees -- claim that Fannie's and Freddie's rules are adding 20 percent to 30 percent to consumers' appraisal costs. Jeffrey T. Hawk, vice president of Maryland Mutual Mortgage in Forest Hill, Md., north of Baltimore, said a standard appraisal that previously went for $325 jumped to $400 or more May 1 when he began using management company appraisers.

Some applicants also are balking at handing over credit card information upfront when they're not completely sure what the charge will be. "I lost three clients the first week" because of the credit card requirement, Hawk said.

Buddy McCombs, senior vice president of EverBank, a Jacksonville, Fla., lender that buys loans originated by Hawk's firm and now contracts with management companies for appraisals, conceded "there's probably a little increased cost" with the new system, "but I don't think it's devastating."

"What's terrible is what's happening to [long-established] appraisers who won't work for the low fees," said James Facchini of American Pacific Appraisal in Sacramento. "On May 1, I lost almost my entire customer base" -- mortgage brokers who now can't pick up a phone and order an appraisal from him.

Instead Facchini and other appraisers either have to sign up with management companies or find other employment. What "really bothers me is that the consumer has no idea what's going on," Facchini said. After he signed up with one management company, he said, two borrowers commented to him after he finished his appraisal, "Wow, you really charge a lot."

They were each being hit with $550 appraisal fees, while he was getting just $250 through the management company. As he sees it, that leaves $300 of "slush" somewhere in the process -- some going to the management company, but the rest probably "flowing to the lender for doing absolutely nothing."

Rich Kuegler, a vice president at MDA Lending Solutions, a national appraisal management company, said payments to firms such as his are compensation for creating, managing and reviewing a network of thousands of appraisers -- MDA has 9,000 under contract across the country -- and for the "processing and administrative" costs that have been taken off the backs of brokers and lenders.

As to appraisers' complaints about fees, Kuegler said, "we offer the ability to have a steady stream of work, training and support." In other words, appraisers can expect to make up in volume what they're sacrificing per assignment. (Kuegler has also invented a 36 hour day, never knew that Lincoln freed the slaves, and his business plan is modeled after southern plantations) 

How Far Will the Government Go?

Just how far will the government go to meddle in the economy? This article suggests pretty far. "Cash for keys" is a common practice for lenders to remove tenants and foreclosed homeowners with less hassle. Now, the US Government is providing what could be called a relocation package for homeowners who can't pay their mortgage.
Story here: http://ping.fm/gRvVm

Tedford Insurance Joins ExpertTalk

Tedford Insurance, Tulsa, Oklahoma's premier independent insurance provider, has joined the ExpertTalk network. ExpertTalk Productions and ExpertTalk Network provides Tulsa County homeowners and businesses expert real estate information for property management, home maintenance, real estate news, and other real estate related topics. Contractors and professional service providers are listed at www.tulsahomecare.com

Home Inventory Varies Significantly

Selling under $300,000 in Jenks School disctrict in the Tulsa, OK area is significantly different than the price range over $300,000. Without the boring details, the summary is a 4:1 ratio of available properties to pending sales under $400,000. Over $400,000 and up to $750,000 the ratio is 11:1 - something any home seller in the jenks area should know.

If you are considering selling and would like to have a better undertanding of the local absortion rates and housing trends, contact one of the Listing Specialists at The Baskin Real Estate Specialists of McGraw Realtors or call 918-258-2600

Cindy Morrison and Alan Armstrong talk about Junior Achievement impact on

What a great multitasker! While she is emcee!

Their son, Jonathon Maxville, is a scholarship recipient of the Junior
Achievement Program recognized at tonight's event. He is a wrestler,
certified machinist, and attending Northeastern State Univ to study to be a
pharmacist.

Cindy I emcee of the Junior Achievement Business Excellence Dinner. Cindy
deserves someone tweeting about her ;)

The JA organization is holding their annual Business Excellence
Banquet at the Tulsa Renaissance Hotel tonight to honor the Davis
brothers of unites States Roast Beef Corp. (Arby's)

meeting at Xeta Corp with the Broken Arrow Chamber for Social Networking

Who am I?

This poem was read on my radio program during and interview with Ronda
Robertson. The poem was written by a boy from the Tulsa Boys' home.

Who Am I?

I'm the boy who got up early one morning

and found my mother's body stiff and cold.

I'm the boy who had to eat from the trash dumpster

My mom will come for me soon.

I'm the boy who lost my parents, but I got substitute parents

It's not all bad I can still see out of my right eye.

I'm the boy that my uncle taught to be a girl

The tears will heal and the taste will dissipate.

Who am I?

I'm the boy that cries at night

Someday the loneliness will end.

I'm the boy that people say is really ugly,

But when I get big people will stop making fun of me.

I'm the boy who was left to care for my brother and sister

She came back 6 months later.

I'm the boy he used for an ashtray

The scars are not too bad.

Who am I?

I'm the boy who ran to mom for a hug

she was just too busy.

I'm the boy that loves his father

even as I saw his back as he walked away.

I'm the boy who sat in the truck with my blanket

as mommy worked the graveyard shift.

I'm the boy that hid in my room and covered my ears

He is beating her again.

Who am I?

I'm the boy who can't sit still in class

just can't concentrate, what's the point anyway.

I'm the boy that steals what I can

who else will meet my needs.

I'm the boy who annoys those around me

negative attention is better than none.

I'm the boy that sneaks all the sweets I can

I need to feel good.

Who am I?

I am not the football captain

no one believes in me.

I am not the honor roll student

What will it be like when I get home.

I'm not the student body President

Look at the clothes I wear.

I'm not the boy who mows your lawn

but I will gladly take your money.

Who am I?

I am no longer a victim

I am the captain of my own ship

I am a victor in life

I am a Doctor

I am a lawyer

I am no longer alone.

Who am I?

I'm a Tulsa Boy's Home resident.

Clint Anderson

Volunteers Needed: 2009 Bixby BBQ'n Music Festival!!!

The Rotary Club will be raising about 75k to put back into the community helping feed the poor, provide college scholarships, supporing you programs. The BBQ Festival is this Friday (5 to 11pm) and Saturday (9am till 11pm). I am in charge of volunteers and am still needing some dependable, honest, people to help on Saturday evening. Below are the the shifts I need filled. We have over 90 BBQ Teams coming and have the best music ever, so please help us help others by donating a couple hours or your time. Please either drop me an email, or call me asap.
 
Saturday May 9th
 
1pm to 3pm 
 
two people for a ticket booth
 
3pm to 5pm
 
two people for the Information Booth
 
5pm to 7pm
 
two people for a beer booth and two people for the Information booth
 
7pm to 9pm