Performances at the Tulsa Fairgrounds Pavillion continue through Sunday.
- Homeowners faced with foreclosure are understandably stressed and resentful, which can often lead to neglecting routine maintenance on a home. Sometimes, even deliberate damage is done. Assessing the home's condition, therefore, is a must.While buying a foreclosure property takes patience and research, the results can be well worth your time and effort. For more information, please e-mail me, and please pass this on to anyone you know who might be interested in exploring a foreclosure purchase.
- Foreclosure properties have often been vacant for an extended period of time. Look for problems caused by damp conditions, such as mold.
- Get a thorough home inspection before bidding on the property. Once the damage/disrepair of the home is assessed, factor this in when bidding on the home.
- Contact a real estate professional—like me, a Member of the Top 5 in Real Estate Network®—who is well steeped in the community and can provide information about pre-foreclosure properties, that is, homes that have been scheduled for foreclosure but have not yet gone to auction or been sold off. These homes need to be sold quickly as owners are trying to avoid foreclosure and its impact on their credit.
-Last but not least, go to www.hud.gov for information on how to buy homes acquired by the U.S Department of Housing and Urban Development as a result of foreclosure action on an FHA-insured mortgage. The site also has information on special programs and opportunities for teachers, law enforcement officers and others.
The Chinese American Association of Tulsa presented an entertaining program to fellow Tulsans at the TCC Vantrease Performing Arts Center located on the 81st street Tulsa Community College campus Saturday night. Performers were from local Chinese churches, martial arts, cultural, and other organizations. The event was open to the public and offered a unique opportunity to experience the Chinese culture in our own backyard.
The administration building for Jenks Public Schools in Tulsa and Jenks, Oklahoma is scheduled to be demolished in late March to be replaced with a math and science center. A planetarium is also in future plans for the school district.
FIRE-INSURANCE FOR UNDEVELOPED LANDS?
By Dean Solberg
Is 'Fire-Insurance' for the benefit of undeveloped lands necessary?
The answer is yes. It has been my experience that owners and buyers of undeveloped lands in Oklahoma are not advised at all on the issue and when the issue is raised, the advice normally given is 'no'. This is a mistake. As we all know in Oklahoma, grass does burn. Fire, and not just the wind, does come "…sweepin' down the plain…."
When grassfires devastated various areas in Oklahoma in 2005 and 2007, the fires were extinguished by the heroic efforts of our area fire-fighters (who in Tulsa deserve a lot better but that is for a future discussion). Numerous Fire Departments were involved with the effort and assisted in areas outside their City's limits or jurisdictions. Since many of the grassfires were on property not within that Fire Department's jurisdiction, the property owners of these lands were sent a bill for their services and I heard of bills being as much as $30,000.00 to $40,000.00. To make it even worse, there were efforts to add the bill as a charge to the property's ad valorem tax bill so that the cost would be a 'lien' against the property and if unpaid the lien would be satisfied from the proceeds of any future tax sale.
The impact of this scenario could have been minimized if the property owner had contacted and paid the fire-protection service fee to their nearby municipality. The annual fee by some municipalities is as low as $40.00 per year.
For property not within the city's limits of a municipality it is recommended that the nearest municipality be contacted in regards to the availability and cost of such fire protection. It is also recommended for someone who has a home on acreage that their hazard insurance carrier be contacted as well to verify that such risks are covered and the extent of such coverage. Also, any such policy should cover the risk and liability of a fire jumping your fence and setting the neighbor's property on fire.
Dean M. Solberg, Attorney & Counselor at Law 7614 South Joplin Avenue, Tulsa, Oklahoma 74136 Phone: (918) 477-7273 E-mail: deansolberg@juno.com or psb3@cox.net
Disclaimer: The material included in this communication is for information only and not intended as legal advice. The information contained is general and the law may apply differently in specific situations. I do not provide legal advice except upon the establishment of an attorney-client relationship. Readers should not act upon information contained in this material without first obtaining professional legal counseling and this material may be considered as advertising under the rules of professional responsibility governing attorneys.
This E-Mail message is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply E-Mail and destroy all copies of the original message.
