| Show --- -- - ----- ---- : - i 4: i 1 I tflatt galie rbtibune ?Jje Classified Advertising Section 11 ‘k N fi i i o B illt&g 1 1 i Section fI ' 390-Lu- Homes xury TUDOR 395-O- CORPORATE OWNED HOMES BANK OWNED HOMES TREMENDOUS VALUES NEW: Carpet- - Point Great Homes Prices no one read° con mato! Coil Today k ai l information OPEN DAILY HOUSE ST MARY'S r VIERIG CASIO PINES 5060 So 2580 East Casto Circle Luxury single family homes 1revel living Prices reduced to see ESTATE REAL YOuR REAL ESTATE SPECIALIST 10 Holbrook Realtors 487-8409 Ford Alan MLS Broker Pcrticipation OPEN Open roIci co 92 5:00 5:30 KR OR After busy days this grgeous home CUSTOM home on horse ProPell harm 2 baths and groat 2501 West 7000 So By Winer AP- Malan family mt will hells Yee PrOlSed S138000 Consider all of- unwind Debbie Gan ters for recorded msg FEDERAL HE1GHTS-- 5 bdrm 3ii 300-50- - Assoces 'Ir:rssr?iovc?oo'dstsklerm-36:3A3- el 330 - 6:00 2aryboeni? ISrt oryhicryse room on morn new kethen fro- mai rage private lot Terry 2 U Sell OPEN NosuGuAirgydG1 MO Nke dean pers new Perm s2bont sgedoweee 2402 Promentory Dr(2900 2:00 - 500 East) 4318 - Apt down Anne PLUMB & Reed P-11- (t ti 8 i!c 1 il 1 kii y suGAR HOUSE 1547 Open bdrms HOT TUB 395-O- House pen 395-O- i HOLLADAY REMODEL SUNDAY! 4550 So War Sol Must see the Inside of this totoity rernodeied 5 bdrm 3 both home wtth oac kitchen! Sue 4074441 -- - - - 2:00 - 4:00 unow- n - LUXURY LIVING Caol Cali SETTING 2 OPEN Views! Privacy Trees 4 barns 3 bathe 3222 So Teton (3725 El S89900 P oui RARE - YALE HARVARD Open 1 - 4 Etegant decor mod- f ernMr-helots o herdwood and lite Oifers 4 barns 2 baths tam- - pm 21 MCAFEE Crjil 963 E FHA 1359 fireploce nice yarcL GREG HOUSE Satirday Noon-- 6 pm 606 East 340 No Centerville 4 bdrm 2Ie East rbricki new odc kitchen new carpet mother-in- low mt RV erre doubie gcr se- - OPEN RAMSEY bet eluded fenced bodryard fruit trees canal irrigation 2989401 GROUP 3908 WEST 4200 SOUTH Excellent 2 rote:Med-i- bsmt n bdrm wee 2 brick two barns walk-o- gar ("1"‘' 1KNr Must see! Erslii '1 11 bdrm Mill east 3rd So CMI room StsCilitNSDAY East Troy Way (4325 So) rhmeacre patiwttfio wet bar and b plc 2 cur deck too garage glassed-imany extras to list Priced at $79900 We invite you to corn-pare Sew Realty Inc n) 1758 EVANS PM 6 GBAGY cetinirnishatedoirlba9 4 Bryan Ave E & ASSOC & MILLER R odds there are professional forearm-scratcher- s somewhere in the Yellow Pages Dear Mr Campbell: I have read in your column about the "Canadian" of a mortmortgage where one-hal- f gage payment is made every 4wo weeks making 13 payments in a year I have recently learned of a service based in California which will of transfer electronically one-hayour mortgage payment to the lender every two weeks There is a startup fee of about WO and a monthly fee of $480 You have stated that this method of mortgage payment will save interest and pay off the mortgage early Have you ever heard of this sort of service and do you think it is a worthwhile thing to check into? I'm interested in it because my lender doesn't offer this type of mortgage payment Mr LW Indianapolis Ind ANSWER: My my! Aren't they lf "Canadi- an" mortgage (or "biweekly" mortgage or "payday" mortgage) is worthwhile but you don't need to pay WO plus another $5760 a year for such a service The theory behind the biweekly mortgage is simple: By paying onehaif your normal mortgage payment every other week you are in effect making a 13th payment every year and — depending on the mortgage interest rate — it will knock a 30- year mortgage down to 18 to 20 years Every year of course has two months when no matter on what day you get paid (if paid biweekly) there will be three pay periods Thus you pick up the equivalent of an extra month's payment to principal every year The strategy is called the "Canadian" mortgage because Canadian credit unions devised it about 10 years ago Most of their members were paid biweekly and under Canadian law mortgage interest isn't deductible — a whale of an incentive to pay off a mortgage as fast as The trouble with the whole plan however is that very few mortgage lenders so far are geared up to handle twice as many mortgage payments a month as they normally handle Thus electronic transfer of funds is essential While you're beginning to find more and more lenders going into the biweeklies they are still few and far apart — mainly in the Northeast and a few in the Midwest To my knowledge only one California thrift has entered the field Now about this company's "service" If your mortgage lender isn't set up to accept biweekly payments from YOU why on earth would ttley accept them from a third REPRESENTING you? The answer is simple: this company isn't making your payments for you biweekly it's making them monthly just as you are doing but in the meantime they are investing those extra two payments each year for their own benefit And then once a year they are making one extra monthly payment for you Obviously there is nothing illegal Salt Lake Area Real Estate Roundup Ward ly Better Homes and GarReal Esdens has acquirred tate Servirs Group 5295 S 300 West Murray Ray Wenger CRB principal broker has joined Ward ley as an associate broker and luxury-homspecialist lie was been in the real estate industry for 11 years Also joining Ward ley as an assistant broker is Steve Goff sales He brings 16 manager for years experience in Texas and Utah ( ' 41 o divkioil of the Binswanger Company real ei'Ate organization as exclusive Sak lid leasing agent for its 285 facility at 200 Noi II and 500 West US Home operated a manufactured housing operation at the site until its closure two years ago Philadelphia-basePinsiA'anger is one of the largest full d -- 41 Ot 4- 47Ar facilities at the Courtside Office Building 231 E 400 South The facillease for the ity close to the Odyscy House residential facility was arranged by Richard Davidson Gump & Ayers Real Estate broker associate at a -market lease rates as a contribution to the community The school offers high school and GED diplomas to residents of the Adult Substance Abuse Treatment and Adolescent 1500-square-fo- below- e IS illome Corporation has named BiLsvnger West based in Denver a $4000 DOWN Assume 117 utah Hewn 3 brne home in excellent West Jordan Pc G Kim fenced yard with sprinklers PIT) 1416 7125 So 2083 West Open Call Cheri ERA VILLAGE 0 OPEN SUNDAY East Laird Avenue (1250 So) bdrm remodekKithru Si County redevelopment new kitchen and bath Terraced backyrrd web view cod ire- - Redwood deck room E co z MOUNTAINWEST Mt Olympus Park wooded 12 acre Beautiful 5 bdrm 3 ear garage & Estate Services NEW HOMES IN MURRAY! Secluded Murray neighborhood Several plans to choose from!! Only 6 lots left Prices from mid S80's Open dolly 6 Sat Sun Model located at 57 East & CO 5400 So $183000 NADINE LYNGLE GUMP 5 7 TOUBERT (4150 SOUTH) OPEN 0 9116eBemeantul $75000 Offer Bruce HAAAILION REAL ESTATE OPEN HOUSE 2 TO 5 PM 7496 SOUTH 1520 WEST Nlce 3 bedroom 2 bath home With new Oak kttcheri and 3 goycoes Move in now Only $64800 vitt possibte lease option KLA 1R GUNN: Real 3981 nit AYERS 3 4 66- - 8704 Pebble3 T21rrhace ' s ale places 4 bedr slflinirers whelP004 tub In bores Chuck EMS Recite Gallery of Herres OPEN HOUSE BY OWNER FINE EAST BENCH HOME 4 bdral - 3 WIN 2 shots Ira "r4 $76 900 6588 So rill wen keflt 2475 E WI $399 MONTH BEAUTIFUL 343E0100M 214) bath din new carpetPaint re4 room dbl reprove $43950 NO DOWN V- A- $S00 DOWN FHA 4752 SOUTH 4680 WES- T- Open United Bond 4854191 54697391 OPEN HOUSE SUNY 2- - 5 large Yard With Ill parking Priced in the mid 50's Beautiful See at 3376 West 4460 South Call Monte Realty World Cushing 9 1 1-- r03' 1 1 r t at You Can Do Yourself? V helpful though? Yes the for a fee SHERLOCK OF HOMES - -- S Why Pay for People are so obliging yard ogainst natter forest bar der Surrounded by homes cost-ing much more Asking $124700 Shw well Yu wouid be proud to own MAKE OFFER 9684171 RETORS Cl eattor 1 About Real Estate at least If you've got an itch I '11 lay 48541)0 AYERS 4664704 dew tell esmt hedeekddr ftdc roughed in torge ded t 2 car go- roge Asking $87 900 4454 By Don Campbell - 4 & BeardeonellowiaundrYind3rmbdr mfaniboitics 484-900- Sherrie 50' 289 So Alan St Midvale 5698136 Open 12 to 4 pm both Sot and Sunday June 4th and 5th ItLuaDcrderusd Hi4531 GUMP OPEIE-Rcr- Great family rambler on East bench 3500 sq ft finished 2106 So 900 East $109900 Coll whis s 2100 TOM PERRERO tuition winner with fenced yard Must see to appreciate Very low SUN 955 W WALDEN HILLS DR( 5540 S) OPEN 2 to 4 BEST BUY IN MURRAY) 4 bdrrn 3 bath main floor faintly room and laundry Great terms SW's! Cad Tern JAY OF SALLY & FILLMORE BOUNTIFUL OPEN HOUSE Garn Ss074900 ) MURRAY RAMBLER 708 W Billiton (5625 So ) Sunday pc So) land- (5820 $Mrs Charming Lew assumPtion 1122 McClelland (1050 East) OPEN TODAY dining mcgdsterwhisrutte MUST SELLI Mint cond with D SIM 110U Arm Rambler Fuily fenced partially seeped Only $142500 Christensen Peaty pm doc!sr FHA yofage west ) formal Charming Interior Nice feeling throughout Wood floors Orland trim Large fenced eclat Auto essarint ers SFacrous roma Great 1210 50) Ciro (8930 & AYERS 4664704 ddeco 4 uy decorate berms 2 toitts coll brick home wet) family room 2 Areproces and 2 ccr Sewthirty 2 Mary to 5 1 194 E Sunny Glen Beauttfut new 4 Main floor Wits 14012 338 OPEN Vy3511tk GUMP OPEN So Top of the World (3675 East) Incredible views secluded back- - tinily room Beautiful Louise Aider and garden! 4 bdrms 2 & Jones baths Stunning stone and brick Redly ext Wrought Won gates! A must GREAT BUYS! see! $127500 Constance Saturdoy-SundaPM 5 txtrm" 36de so" Gilmer Pak! Must sett 121 Laird Ave CO 48 & Mere 12 TO 5 NO QUALIFYING DR 1501 46470 4 ASeTwiCndoOLLisNinl AREA N00 PLUMB SUNBURST COURT GUMP & AYERS GREG GAUD E 5833160 $439500- BeauelticonditiomrhomeHcrAnoectiolatamilyMurrrooafyr Lynn EMS REALTY GALLERY OF HOMES 467-668- x Cordwood 486-742- $99AIRE MCHUGH 5829810 lovely deck (1000 CO WILLOW BEND (8860 South) OPEN 130 to 530 Conternerarary! SOacious t 4 berms 2 baths full basement sludaed Vole's CLAIRE MCHUGH 5829810 loan OPEN (2225 East) OPEN Itemolsorne brick rambler yz 4 bed-rooms on main level i famill rm and laun cry Basement 50 done COTTONWOOD BEAUTY! Classic view of All brick rambler Close in East side the ettyl Remodeled Oak kitchen 3 bdrm 1 bath 2 car ga ref n s hed hardwood floors outo sprinklers immoc1 $79900 French doors updated bath 3 JOEL 3284921 W 457 9002 SO BPROBE loan Only $67900 PARK EGILMER DR & OPEN bu°eEoN w2'3nwinith5 STREET extra geed sheee 10 GItMER S169500 WIWI" PERrTCT1ON PLUMB E SUGAR HOUSE BUNGALOW SO LINCOLN ST (945 EAST) 230rehlon5 OPENewhil geots decor oversized master Nine 2 eor garage Coil Bruce fimrs' wwd stove' "de Kai" like yard quiet street Assume Great restored Victorian one of the best 4 barns 2 baths 3 fire- places harcrwood newer kitchen study deck hot tub Owners or e ready to deal Make otter barns great tee both 2 OPEN 5 E BRENDA AVE (6520 SO) Cteneto Wheeler Farm- Deadend se eel' new roof new carpets gar NEW LISTING! 2569 EAST 2980 SOUTH OPEN 12 TO 2 home with Charming sinole-levpassive greenhouse addi- tion Three bedrooms hardwood TEMPLE I House pen 2890 sSert t(0A JEFF WELLS 2774405 1140 rar 124 1 1482 Cordwood floors large formai dirk Ing 3 bdrms new bathsi Ibeautiful 5S:51r wPiarle- REMODEL $185 000 PC 100 MAMIE SUNDAY SOUTH 4 395-O- DEARBORN chcrmn 9690104 9422111 Dr we 4874338 1 4 House pen (1460 EAST) Sal kid and olry new furnace total Ond refinished hardwood floors fabulous master suite-- bdrms Many luxury features! Perfect execu- five home 0 DOWN room forma and kitchen din- - No Qualifyin g $85000 Very shy 1 co 2 unit home Fireptace views ana attractive bac yard convenience 2160 S Texas St shoded wet) mature tree came to 1052 So 1700 East or call 0380 E) OPEN 5 SillrieY Erik- sco Anushka HOW I r r 487-350- HARRISON E JIWNING EU Ind CEINITURY c k 1 s) t 4' - 2682 Hy Neat EXEGJFIVE 395-O- (1390 suer fire arms $152750 815 East Northdiff - - WOOD COMPANY & 1520 NEW HOME seller fintinging hard- master suite 4 4 baths 2961 S Cascade Way (3575 E) Paul Markosion 4664578 OPEN wood watch wr around dercheenciesee hot tetz New master suite web wark-iclosets! Double ggroge in i ear! and SWEDISH SAUNA 1 ono I'' ' kin Open 2500 4488 West Skye Dr (9600 Incredible value on this fabulous So) Condo 4 bdrms 3 baths Con home 5 bdrms den 2 family be one ktvel living Rec room 2 cot rooms plus mother-in-lacar garage krw cond o tees view Lees talk trade contrcict or offer of golf course and mountains Call Seller wants to sell this week! Goole 9434506 sO tj - House pen Z'"31ktglue:ed babarhIntdrms CAC great work snap $69 900 OPEN 2-- OPLNI32:15 East Lard (1190 aecar' 3 3 fireplaces plus $105000 Call Sally or Shirley 9427618 L i f' v :: 4 :'1 4 —1 12 - 6 PM BACKS ON MOUNTAINS! OPEN 24 env views S96500 Great Stunning open feeling contemPorere weh beautiful indoor atrium 5 assumption 4 berms 3 baths bdrms in great Eastside area S 3145 Teton (37 15 E) 3639 East Summertell Dr (7700 8 Pate Cali Lynn So) Prke reduced "HIGH AVENUES OPEN 2 J 1 ! 4 OPEN SUN net" baths u"ated 5(13 REALTOR - I it t' 11 4 I t 11 P 11 r— 11 t41 i 11 1- Page East Baywood Dr (5400 So) Enter off Highland ot Lakewood Dr Jock Rees AREA HARVARD-YAL- 4ts I -- 1- 1q''' li tz- 1 48 5 265-0- co - r is 4 ' 1 ! 1988 5 t'rornmi:Vdedckleotts' BOB PLUMB 3:30 - 5:30 GrfeadarazoPsrchdzonds 1 inol House pen t- 4 ! 1 i i ': ar home 4 bdrms 3 baths main floor family room Immedi ate occupancy! $129000 For more details of both homes call KohogenBefger sHIRIfy LANE 2:30-(4318 South 2750 East) Brand new home on East Bench OPEN Beouttful view of volley Pick out Great arb a ppeal immaculate brkk rambier walk-ou- t bsmt own foot- - covers and light fix rm master ban 2 kege tures Grant Luemer trbk ne ktmte and ter stetfm cre jc 464645 2 windows cicr 5 bocra 3 bath Great ycrd $119900 713 East Bryon Ave(1560 So) - scaned Easy EAST '''l 1 r- 4 eak- $em CENTURY 21 pm WITH BELL Canyon SETTING area $315000 6 2 STORY-$10- 9900 STREAM TREES AND LARGE bd rm 5 bath executive rambler COVERED PATIO Near the IWO- 4787 SO OUAILBROOK Toylorsville Help U Sell owner home First time versity (2100 West) Transferred setter HILLS view secluded ever offered for sole! Only MAPLE wants offer Kitchenifonely rm 292! e3 e loodect 900 $59 $159000! Les Hoymore wIth firePloce tr(& formal dining 7630 A13 Help0 Sell 295 8000 or 2714215 Probe ReatRealtors rm 3 balms op Plus large Pray- SPACIOUS mriti-levvaulted cell- room over Wage 2 bdrms down REDUCED $24000 ings stained gloss $129500 291- with 4th bath ready to finish Rec Elegant hessian 3800 sq ff custom 3941 A 19 Hero ' - U Sell room block wail fence French Provincial Home Formal dining and living rm oak family PRIVATE Country Est 3 berm 4 ba 0 Dorothy Kohonen r m parquet floors Prof land- formal living and dine $180000 FABULOUS South) down as- loan $653 per home New car- windows ler ge Nice yard Great f1"''''''' k 1: - ) ! i OPEN POTENTIAL! NEIGHBORHOOD CHARM GREAT NEIGHBORHOOD! SHARP HOME GREAT AREA! Redondo Ave OPEN 2Wearing neede bat Home is Immac- - and Priced to sell 2276 East Ramona A (1930 So) what Potential in this 6 Cam tom tudor 2 bed- now Huge fan room wet irg wet $69500 Remodeled kttchen family 1 v horn room garoge large Yard 2954 W bar $71900 OPEN oapss street from new room 2 3 bedrooms °tepee Location says it all Bonnie chtech Formai and kitchen din- Minuet 0060 So) Steve baths patio of 278994 seluded DOC X WOOD 58212 AVENUES CHARMER terl 474 No IC' St (800 E) Morog OPEN 2 - 5 Baird 3214234 Lots of wocawerk huge whirlpool Lbathow's3)30 COTTONWOOD CLUB 3370 S LOS ALTOS13370 El nC411 3110r:4 :1330411 2T Stop by and look at this lovely 4 Deck overlooking Vailey! Rambler St (850 East) Steve REALTORS 1330 O 1800 1311 Sally SUN East 1433 Stratford (2565 so) OREN 2:30-- 5 shut Chmin 12 :00 - 3:00 ters crown sum House bungalow Totof re- - hdrdwddd "emletantation dec modeied with taste and quality 3 Nicely finished bsmt 4 bdrm 2 bdr ms 2 baths new custom kitch- both sprinkling system 2 car gar en 584 egg Tea eee230 ion Just reduced to $99900 272-863- 6 3 Sam 3 bath yard car par With terms S143000 Help (1332 237-200- 0 Open House - 5 1859 Ortginar concetion AVE OPEN Eastsiciebcirms Realtors COVE POINT 562-191- 9 0 I ji b j115 395-O- SUGAR HOUSE (609 North) e Vog House :l 77 s i - r i 4 I f 0 0 2473 SOUTH HIGHLAND DR One level rambier In El Rey Park 5 OPEN SOU IN 1100 EAST) bdtrIss 3 baths lea 2684298 Immo:ware brick bungalow leaded glass windows nice firepeoce fry- 2822 East 4510 So 3 berm on man floor mat dir n !Arm nicely deco- lave 12:00 rated $76900 Executive Holladay 5 bdrms 2er barbs main floor torn-14‘etetrmm fmmal dining' spERLING " & l t N- 1395-O- pen 1477 SOUTH 2000 EAST ta - Realty Co House pen 3:00 Maynard 1 1 t Terry 2236 East Laird Wy (1290 East) bloc() a 3 I - Ii I :Teal 1332 Houses SHERWOOD DR OPEN 1:00 PM COTTONWOOD CLUB Quaitty brick rambler great St EAST SOLAR DRIVE Mory's location Large living and Stop by ond look at this kNely 4 2557 bdrm home Located one dining rm crown moidings walk from the Cottonwood Club ot out bsmt i500 so ft Great oote E Baywood Dr (5400 S) Enter off Near yrnOus Hldb 5 bdrm 3 bob bail VIEW! Nice street $154900 ode item Gd Highland at Lakewood Dr Jock BOB PLUMB d7kc'd ycea Rees MT VERNON SO 6365 1 CEt'ITURY (660 East) 2l'ACAFFEE Great East Murray! Stet' Inside w S see over 3000 SQ ft 4 bdrms 3 BY OWNER Lease or sole Will take 4867428 baths 2 family rooms Fermat trade or hold contract 4 berms ' 1and kitchen dining Covered patio COTTONWOOD COUNTRY baths new birchen ond carpet deck web bet tux 2 Gceddee througeout Must see to oPOreci Wool last ate Best Eastside location Thls here property is rarely avail- 5 'Steal 4874097 ab le acre of privacy and lush PM OPEN 2:00 is grounds Room for tennis pool FEDERAL HEIGHTS-Ther- e and horses Sunroorn krt with nothing more classic then this 1826 E tOGAN AVE bleoched hardwood firs gracious elegant hornet Meticulously entry with contelevered stairway restored Eurostyle kff master (1600 So) to 30' living rm Perfectly &Korot- 5 bdrrns and a remodeled kitchen sutte $580000 Olen or Corot f sr only $109500 Hardwood ed 4 bans family rm with wet Gump & Ayers bor and office Many custom ex- floors double aarogle end seciad OPEN HOUSE 125 Established St eel pat-dir- e toe 4 cor gar Lois yad A donl miss Mcry's cr ea 3400 SQ ft 5 Arm 3 bath great tomily home and NEW LISTING 1397 Wit OPEN 3:30 neighborhood $187500 ton Way (2900 Eost) WIIIOWCREEK ON 18TH TEE 91M SO COPPER CREEK OR REDUCED $50000 BUILDER'S OWN HOME Brick ram (15 50 East) bier 5 large bans 3 bath inter- - Mt Olympus Cove 4 bdrm 3 baths Spoclous brick rombier kith over heated driveway $185000 May 3200 Sq ft 5 bdrrns 3 baths Main esting custom decor Newcomers love this area Only 5124900 trade floor fondly room You won't find a "ae aratesIsnwa"V nifn8001sned UPPER Ayes by owner View 4 basement! Reduced te bdrme 3 baths formai dining MASKE REALTY ' room central air 3 car oar ooe 2789 EAST ETIENNE WAY 277'5 isr Fantastic price Call days 975- (8295 South) 0500 eves and yeknds 4867954 GLORIOUS VALLEY VIEWS Must step inside to believe this BY OWNER -F- IOLLADA Y'S BEST! beouthel Willow Oren contempo- Unbelievable value in 4000 SO ft wtth option to boy rary Classy newer kttchen well rambler: Super easIskle kitchen 4864 Damon Cir hardw000d floor Hand borhood Custom 3 bane 3 balk United Realty (1595 E) SodrY 5 Or 6 bdrffis mak n Huck family rm Great floor pion EAST 5 BENCH new homes under family room 3 car game eonly S149900 Barb Private cook covered prd ReDebbie construction July occupancy iced to $139800 5214000 to $239000 Syneroetics COME HOME! pLuvB 1 13 300 EAST & Dial - i I 1 4 1 L tI Homes 390-Lu- xury Homes 1428 EAST tAIRD AVE Charming 2 stay bar ffie rooft Win- lewd needweea doers farMai dining French doors 3 barns IP nKe study 3000 so ff 2 car gar Reduced to $ i59900 Street lights nith 11 r--- 237-200- 0 To cancel or correct your ad - Salt Lake City—Sunday Morning—June 04171 2597 y ) Ir 1 anoliaer I C Luxury a I I ) Toil B r: i Dial The Intermountain Area's Largest Shopping Center 0724ffMretRetrMaNM0111FAVE0016010101W"a I To place your ad phone - de Mr Goff f — Mr Wenger service real estate organizations specializing in national and international industrial and commercial property sales leasing development and location and investment consulting with offices in 15 US cities Tokyo and six European cities The Odyssy House Alternative educaSchool a private tional program has moved to larger non-prof- Treatment programs Teddy Bear Express of Utah itional delivery service of teddy a rig- bear gifts has opened an office at 5 Triad Center Suite 750 to expanded its telephone order service according to Randy N Atkin Office Works leasing agent a shared offices and supply company with locations in the City Centre and the Traid Center about it but why pay for such a service? Every month (twice a year) when you have an extra payday put half you normal monthly mortgage payment into your savings account and then when the second threepay-month rolls around send period you mortgage lender the equivalent of an extra regular payment — to principal only What this outfit is offering is a service for a house loaded with alarm clocks Last October Dear we paid up our mortgage and received a final accounting from the mortgage company However the company has not returned our note so that we can have this transaction recorded We have called the mortgage company several times and they tell us the obligation had been sold to another investor and they cannot reach the mortgage holder What kind of document can we request from them in order to prove the mortgage has been paid so the deed can be recorded? Mr KEN Littleton Colo ANSWER: In other words they sold off the mortgage to some nice fellow they met on the street but neglected to get his name! Hogwash! State laws will vary in their details but in most it's a misdemeanor for a lender NOT to execute and deliver a "certificate of discharge" (actually a reconveyance) — the note or trust deed or a copy of it marked "paid" which is recorded to prove that the mortgage has been satisfied The time limit may vary In California it used to be 30 days but it's now "reasonable" and I don't consider a delay of almost six months as being all that reasonable You'd better call a local broker familiar with Colorado's version of the law to get the specifics but then it's time for No More Mr Nice Guy wake-up-ca- ll Equity in your home on on amortized mortgage builds up with the speed of oozing molasses You can speed it up dramatically through accelerated payments to principal end save tens of thousands of dollars in interest Our leaflet "Free and Clear: Getting the Mortgage Monkey ott Your Back" explains how Send a long stamped envelope and $2 to cover costs to Don Campbell PO Box 15213 Phoenix Ant 85060 (c1988 Cowles Syndcate o1S 44 Seller Can't Always Recoup What He Puts Into a Home By Vivian Marino AP Business Writer NEW YORK — Fireplaces are hot Swimming pools are not And kitchens and baths are the rage of the season That's the latest from the buringeoning dustry whose business has gone through the roof in recent years as an increasing number of US hoineowners spruce up what's probably their single biggest investment "Building was in the '50s what remodeling is in the '80s" said Jocelyn Swensen a spokeswoman for the National Association of the Remodeling Industry wtlich proclaimed May "National Remodeling Month" The Census Bureau says $94 billion was spent on home remodeling nationwide last year up 4 percent from 1986 and 102 percent from 1982 And the National Association of Home Builders predicts $98 billion in expenditures this year While such improvements will help augment a home's resale value not all remodeling costs are fully recoverable experts warn "With a below-grounswimming pool you only get a third of what you put in at the most" said Swensen "Some people I guess are turned off by the maintenance and upkeep the health hazards and added insurance" Those adding a fireplace on the other hand could recoup as much as 58 percent beyond the original investment she said Other popular remodeling projects and estimated return on investment according to the NARI include: — Adding a full bath between 74 percent to 126 percent — Greenhouse addition 29 percent to 100 percent — Adding skylights 34 percent to 94 percent — Major kitchen remodeling 73 percent to 90 percent — 85 percent g 77 — Adding insulation and siding percent — Adding a deck 64 percent to 80 percent — Bathroom remodeling 80 percent — New windows and doors 38 75 percent — Room addition 53 percent to percent to 72 percent The magazine Practical Homestand owner says to recoup even more of their original investments although appraisers warn that a job can sometimes backfire Practical Homeowner says the national average recovery rate for those ambitious enough to install a fireplace on their own is 220 percent with the cost averaging $1280 vs $3010 for a profession- al job Handy homeowners could see an average payback of 185 percent on kitchen remodeling with the cost averaging $3150 vs $6930 the magazine said Real estate experts say alterations are most likely to raise a home's resale value when there's a wider variety of homes in a neighborhood along with a variety of prices for recently sold homes They note however that even the most expensive and extensive renovations won't raise a home completely out ot the price range for other neighborhood houses The most marketable features experts say are modern bathrooms and kitchens landscaping and neutral colors in paint and wallpaper Swensen said renovations most in demand by homeowners this year include kitchen and bathroom remodeling skylights ceramic tile and basement and attic conversions Out of fashion she said are projects such as double- - or triple-pan- e windows "Since a lot of homes were built after World War II from 1950 to a lot of money is being 1960 spent on modernizing and adding more space" Swensen said energy-conservatio- n Inc A&O ALW-AO- & tOt- - s1Lair dt Ac AZ "It —00 4 ‘Drt i |
