With recent school closings and changes by Tulsa Public Schools, many Tulsa Public School parents and Tulsa Public School children are wondering what school they will be attending. Tulsa home buyers and sellers are also wondering in which school district their home lies. For the most up to date information about Tulsa School closings and Tulsa School boundaries, visit these links. You may also enter your your Tulsa Public School address at this link for information about the specific school for your area. Also, some quick information about each school is listed below. Remember, whether you live in Midtown Tulsa, North Tulsa, Brookside, or South Tulsa, contact the school district to verify any information on school boundaries for the upcoming school year.
The information listed below comes from the Tulsa Public Schools website and can be accessed directly from their website using the links above. Each section will include a list of elementary schools, middle schools, and high school.
Close Fulton Teaching and Learning Academy
Central High School
Close Roosevelt and Chouteau
East Central High School
Lewis and Clark
Foster- now East Central Junior High
Relocate Zarrow Program to Phillips Site
Hale High School
Skelly (includes Zarrow)
Whitney- now Hale Junior High
McLain High School
Close Alcott and Cherokee
Memorial High School
Byrd- now Memorial Junior High
Rogers High School
Relocate Met Lombard/Franklin Programs to Bryant Site
With many home buyers choosing to stay put as opposed to selling their home in the current marketplace, remodeling projects are gaining new ground. However, before you set out on your remodeling project, the National Association of the Remodeling Industry (NARI) advises homeowners to make sure they’re getting the most value out of their remodeling dollars.
In my years of experience as a real estate professional, I have seen first-hand how the right home improvements can add to your home’s value…especially today when equity has been so hard hit. Wise remodeling decisions will also help command a higher selling price if and when it comes time to put your home on the market. To help guide you, NARI offers the following suggestions when considering a remodeling project:
• Exterior home improvements such as roofing, siding, windows and doors are subject to the elements and usually need to be replaced after a number of years. In terms of re-sale value, updated exteriors give sellers an edge over buyers who are attracted to your home before entering.
• According to Energy Star, half of a home’s energy use is dedicated to heating and cooling. If a system is more than 10 years old, it may be time to replace it. New, energy-efficient systems are not only more cost-effective but are also better quality.
• All homes benefit from increased insulation and sealing, regardless of climate. Older homes are traditionally under-insulated compared to new homes, and recent insulation innovations like spray foam or cellulose increase the ability to trap air inside. Proper insulation evens temperature flows, reduces energy use and has long-term benefits.
• Kitchen and bath renovations continue to be winning remodeling choices, as homeowners continue to see the value in updating high-functioning areas of the home that are used frequently. Be sure to take universal design concepts into account, increasingly incorporated into kitchen and bath areas to accommodate people of all sizes, abilities and ages.
While it may be acceptable to handle cosmetic updates to your home on your own—such as painting—be sure to contact a qualified professional for larger remodeling jobs like the above. Also, if your home remodel is large scale in nature—and potentially cost prohibitive—consider “phased” remodeling, where projects are broken into phases over time, for a long-term project plan.
Feel free to contact our team any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
1. The ﬁrst stage of the claim process - getting started:
I have a storm claim - what do I do?
The ﬁrst step in the claims process is reporting your damage to your insurance company. Call your insurance company to report the claim. At this stage, your call will most likely be directed to someone gathering basic information such as contact information and broad general information regarding your loss. This person most likely will not be the adjuster assigned to assess and evaluate your claim and is not the person who will ultimately decide on insurance beneﬁt payments to you. It is important to provide answers to any questions asked at this stage.
What if I cannot ﬁnd my policy?
Immediately ask your insurance company or agent for a complete copy of your insurance policies, including your declarations page. That policy is the contract between your insurance company and you. You need a copy to understand what coverage types are available to you in case you later need to tell your lawyer this information. Some of these coverages may be difﬁcult to understand. Basic
coverage types in these policies include dwelling, other structures, personal property
and loss of use. Common additional coverages include debris removal, property
collapse, and reasonable repairs. Also, the policy will also determine amounts of
coverage as well as any exclusions, conditions, and deductibles regarding coverage.
The debris removal coverage, if available, may be particularly helpful at this early stage
to pay to clear your property. While this fact sheet addresses residential homeowner’s
insurance, commercial property insurance can cover both physical structures and
property as well as loss of business and income as a result of a disaster.
I have been assigned an adjuster, so what happens now?
An adjuster’s job is to investigate the claim for the insurance company. Determining what caused the damage and placing a value on the damage are part of this stage. You should expect the adjuster to inspect the damage initially and provide guidance as to what you can do to move the claim forward. You should ask the adjuster what you should do to assist in the claims process. Take notes of any instruction given to you. If you do not understand anything, ask for clearer instruction or explanation.
The adjuster assigned to me does not work for my insurance company. Should I be concerned?
Oftentimes, following a natural disaster with widespread damage like we
experienced on April 27th, insurance companies will employ what are called
“independent” adjusters to help handle claims due to the high volume of claims coming
in. This does not change any obligation of your insurance company. The policy between
you and your company remains in effect and must be honored regardless of whether
the adjuster is a direct employee of your insurance company or an “independent
I do not like my adjuster. What can I do?
You have an obligation under your insurance contract to cooperate with your insurance company. This might include answering questions you feel are unnecessary or impossible to answer at this time. Do not forget your obligation to cooperate. If you refuse to cooperate, you may be giving your insurance company an opportunity to not pay your claim, in whole or in part. That does not mean you have to accept any payment offer from the company. Instead, this means you have to provide information asked by the company or adjuster. If you ﬁnd you cannot work well with your adjuster, you may request another one. Some policies provide for this right, while other policies do not. Prior to making this request, review your policy. Under the strain from and the recent destruction, such a request may also slow down your claim.
I cannot live in my home. What can I expect from my insurance company?
Determine what “Additional Living Expense” coverage you have from your adjuster and your policy. "Additional Living Expenses" generally includes hotel or restaurant bills; the limit in terms of speciﬁc dollar amounts or percentage of coverage are usually deﬁned. Make sure you understand the limit - the maximum total amount of coverage - you have so you can budget your living arrangements. This coverage is designed to provide a comparable standard of living after a loss. Ask what documentation you need to provide to continue this coverage while you are displaced from your home.
2. Second Stage - claim valuation
What can I do protect myself at this stage?
Document your loss and timely ﬁle a proof of loss with the insurance company or its independent adjuster, as the case may be. Make your video and photographs of your damage as detailed as possible, as they are important if there is a later dispute with your insurance company over what was lost in the storm. Generally, in taking photographs and video, the more images of the damage, the easier it will be to prove your damages to the insurance company.
The adjuster is demanding a list of everything I lost. Do I have to do this? Yes. You have an obligation to cooperate with your insurance company, which means providing requested information. Many people when faced with a complete loss assume the insurance company will pay the limit of coverage; unfortunately, this is not always the case. As difﬁcult as it may be, start room by room and account for every item lost due to the storm.
I do not agree with the estimate to repair my home. What can I do?
If you do not agree with the insurance company’s estimate to repair your home, get your own estimate from a reputable contractor. Send that estimate to you insurance company, and ask that the adjuster meet with your contractor so the adjuster can understand the discrepancy. Put this request in writing.
What is the difference between “Actual Cash Value” and “Replacement Cost”?
Actual cash value is what your home and/or contents were worth at the time of loss.
Replacement cost is the amount of money to replace your home or lost items. Some
policies provide replacement cost coverage only when the item is actually replaced. It is
important to review your policy and go over this coverage with your adjuster. You may
be entitled to additional funds when you start replacing items if you have replacement
cost coverage. Be aware that some policies require you to rebuild within a limited
number of days in order to claim replacement cost for your lost dwelling. Also, it may be helpful to inform your insurance company that you intend to rebuild to obtain maximum coverage of beneﬁts.
For Tulsa, OK. legal questions regarding storm damage and insurance claims, contact David Keesling, Richardson Richardson Boudreaux Keesling at 918-492-7674 or www.rrblawok.com.
What problems do investors confront in the real estate market?
by Shannen Doherty
Real estate investors have recently gotten liberation from stringent investment plans. Now, they will be able to do any type of deal with limited or no restrictions. With the introduction of the real estate bubble, real estate investors are reviving themselves for a successful investment plan.
Things that affect the real estate investing business:
1. Over payment of the mortgage is considered to be a lucrative business option in the real estate market. This business model deals with lease options, rent to own, and owner financing and are some of the ways real estate investors earn money.
Many states, however, are enforcing rules in which you are required to disclose any over payment to the lender. Remember, in some states the lease option is no more than 6 months, therefore, it means that there is less paperwork.
2. People who are self employed might face problems while obtaining a loan. It has been an easy procedure to acquire a loan to get a refund for a mortgage by giving proof of your present assets or income. Now, however, it might be difficult to obtain a loan.
3. You are eligible to finance up to 10 properties if you have a standard income along with a credit score of 720 or more. But, you need to show your bank accounts of six months and monthly payments, if you buy properties. If you are self employed, this can create problems since there might be difficulty in documenting your income.
4. You need to keep the property for a year in order to refinance even if you buy the property using cash. Keep this in mind if you buy a rental property. People who are self employed might face problems refinancing if they fail to disclose their income.
A growing number of homeowners are moving towards home loan modification programs when they face problems in making their mortgage payments or when they are on the verge of default. Other people prefer modification whenever interest rates come in their favor. Although real estate loan modification is a prevalent practice today, it is not without guidelines. Moreover, many modification programs these days are too good to be true. The State Attorney Generals in Western States have alleged that many lenders have deceived homeowners by giving them false promises without delivering actual service. Furthermore, if any lender accepts home loan modifications, he will probably give a temporary ‘band aid’ to a homeowner who is facing problems with his mortgage payment. He is not likely to forgive any amount of the principal balance of the mortgage though. The Obama administration has offered mortgage modification programs for struggling homeowners but he has also instituted guidelines for them to qualify. On the whole, we can say that while mortgage refinance may look like a lucrative option, it may not work successfully with everyone.
In order to refinance a mortgage loan term, a borrower may weigh and consider different schemes, having different loan terms and conditions. Many homeowners may prefer an interest only mortgage payment while others may choose an adjustable mortgage payment. Some others may pay even less than the full amount of interest, however, it is not an obligation for a lender to accept a borrower’s proposal. When considering his financial hardship, which may prompt him to go for home foreclosure, a lender may feel it wise to give him a chance to refinance his mortgage. In some cases mortgage refinancing may prove to be beneficial for both parties. A foreclosure, however, is not a desirable option since it involves a time consuming and costly legal process which results in the loss of home for the homeowner and monetary loss for the lender as well.
While refinancing a mortgage, the mortgage amortization needs to be checked. If the lenders amortization shows that most of the payment is geared toward paying the interest amount, the property may not be amortized well. A principal mortgage balance should be targeted to amortize your estate property, but we have to keep in mind that when a homeowner resorts to using a refinancing option, he is possibly having difficulty in making payments. Therefore, paying extra to amortize property may not be tempting for him. He will likely feel it best for his loan term to be extended. Thus, we can conclude that homeowners need to choose a home loan modification program that specifically caters to their needs. At the same time, keep in mind all the required criteria that need to be fulfilled.
CONTACT POLICY By submitting personal information such as name, address, phone number, email address and/or additional data, the real estate client/prospect consents that Darryl Baskin or his authorized representative may contact client/prospect by phone, U.S. Postal System, or e-mail whether or not client/prospect is participating in a state or federal or other "do not contact" program of any type.
Darryl Baskin, REALTOR«, All Rights Reserved.