This episode of The Future of Real Estate features:  Steve Whitaker with John 3:16 Mission in Tulsa, Oklahoma; Late Insurance Payments with Mike Tedford, Tedford Insurance; The BOK Mortgage Minute with Karen Heston of Bank of Oklahoma Mortgage; The Bug of the Week with Duane Montgomery, Montgomery Exterminating.



What is happening to the homeless population in Tulsa?  The homeless and at risk homeless are up 60%.  The number of meals that John 3:16 is serving is up 60% this year.  The homeless population that John 3:16 are helping are generally not the people that stand on the side of the road with a sign. The largest segment of the population are children.  We try to make sure that those we serve remember where their hope comes from and that they have a Savior, Jesus Christ.  We are getting ready to do a Food Drive for the holidays.  We will also be doing other fundraisers for the food drive. 

For more information about John 3:16 Mission in Tulsa, Oklahoma or about how you can help them serve the homeless community contact Steve Whitaker or Lee Bartel at 918-587-1186 or www.john316mission.org.

What is the Mortgage Disclosure Improvement Act?  Lenders have always had to disclose the overall cost of your loan and other information during the lending process.  This includes fees and the actual Annual Percentage Rate.  Lenders that are not reputable would play games with the rate by adding fees.  Many clients would close with a higher rate because the lenders would change the fees at the last minute.  This act requires that lenders  redo the Truth in Lending disclosure if the APR goes up by .125% or more.  It also requires that closing must wait 3-7 days so that the buyers have time to understand.  This might cause issues when purchasing a home because this waiting time can't be waived.  It is required and closing will be delayed.  This also can increase costs for the seller and buyer for items such as interest, storage costs due to delayed closing and more.

For more information on the Mortgage Disclosure Improvement Act or to discuss a mortgage, contact Karen Heston with Bank of Oklahoma Mortgage at 918-230-9432 or http://kheston-boklo.mortgagewebcenter.com/Default.asp?bhcp=1

What is For a Cure?  For a Cure is an Inaugural Golf Tournament fundraiser for the Leukemia and Lymphoma Society on Monday, August 31, 2009 at 8:00 AM.  Over the years many improvements and important research has been done.  These funds will help research to find a cure for Leukemia and Lymphoma. 

For more information on For A Cure or to register for the Golf Tournament contact Patrice Lot at 918-629-4828 or www.lls-golf-tournament-tulsa.com. 

How do I understand my insurance company's late payment policy?  One of the main things that customers need to know is their policy coverage as well as the company and their policies on payments.  Ask questions such as "When does my payment have to be received in order to be on time?  Does the payment need to be postmarked by a certain time?  In what office does the payment need to be received?  How do you issue a cancellation policy, will it be a part of the bill or separate?  Do you have a maximum # of late payments that are allowed before you cancel my insurance policy permanently?"

For more information on homeowners insurance, business insurance or financial investment questions, contact Mike Tedford, Tedford Insurance at 918-299-2345 or www.tedfordinsurance.com.

How do I control Mosquitoes?  There are several ways to control and kill mosquitoes.  One way to to keep your property dry.  If you can't keep water away we can put mosquito dungs in areas with water.  These put a film on the top of the water that keeps the mosquitoes from breathing.  Also, the Mosquito Defense System is great.  It controls 300 square feet of area in your yard.  It costs approximately $100 up front and $30-40 per month.  It comes with a remote control and also works on a timer or can produce an extra spray whenever you want.  It is portable and can go with you when you go camping. 

To find out how to control and kill mosquitos or other insects or to purchase a Mosquito Defense System, contact Duane Montgomery at Montgomery Exterminating, 918-438-4885 or www.montgomeryexterminating.com.


For all  your Tulsa area real estate needs contact Darryl Baskin and The Baskin Real Estate Specialists of McGraw Realtors, 918-258-2600 or www.darrylbaskin.com.