subscribesubscriber servicescontact usabout ussite map
Wed, Oct 15 2008 

Resources

print this story   Print this story
email this story   E-mail this story
  Post to del.icio.us

Photos


Globe/T. Rob Brown Missy Beets (left) helps her son, Tyler, with his history homework. Beets believes her Picher home was undervalued by thousands of dollars.


Globe photo/T. Rob Brown... John Frazier property 206 E. 12th St., Picher, Okla. 1,235 Square feet Assessor's market value $26,255 Appraised value $77,000 Price per square foot $62
/


Globe photo/T. Rob Brown... Sammy and Missy Beets property 115 N. Ethel St., Picher, Okla. 1,440 Square feet Assessor's market value $31,587 Appraised value $75,000 Price per square foot $49
/


Globe/T. Rob Brown... Gaylen Hart property 125 N. Frisco St., Picher, Okla. 1,474 Square feet Assessor's market value $26,605 Appraised value $115,000 Price per square foot $78
/


Globe/T. Rob Brown... Ernie and Aletha Redden property 180 N. Treece St., Picher, Okla. 1,216 Square feet Assessor's market value Not known Appraised value $54,000 Price per square foot $44
/

Published February 15, 2008 03:17 pm - CARDIN, Okla. — Tommy and Alice Sharbutt made ends meet on his military pension and her retirement income. Sharbutt, who served two stints in Vietnam, tinkered on cars in his garage to make money on the side.

Some residents claim Picher buyout undervaluing homes w/ interview video, reporter's notebook audio and slide show



By Wally Kennedy

wkennedy@joplinglobe.com

CARDIN, Okla. — Tommy and Alice Sharbutt made ends meet on his military pension and her retirement income.

Sharbutt, who served two stints in Vietnam, tinkered on cars in his garage to make money on the side. The couple lived in a 67-year-old, three-bedroom house on narrow lots at 103 Wade St., in Cardin.

In January 2005, they decided to refinance. The appraiser for the mortgage company found three comparable properties in Miami. The comparables, based on recent sales, were valued at $76,000, $80,500 and $75,000, respectively. The houses were 54 years, 84 years and 46 years old. The appraiser valued the Sharbutt property at $75,000.

Tommy died of cancer on Sept. 1, 2007. A few weeks later, his widow received an offer from the Lead-Impacted Communities Relocation Assistance Trust, which is handling the $50 million buyout and relocation of property owners in the Picher-Cardin area.

Alice Sharbutt received an offer of $50,200 for property on which she still owes $58,000.

Paul “Huck’’ Sharbutt, who is now helping his brother’s wife with her affairs, said, “I figured they would get in the neighborhood of at least $80,000. When we started asking questions about it, it was like: ‘Who are you? You ain’t nobody.’ It was either take it or leave it.

“I kept telling my brother before he passed on that things would be OK for Alice. That the buyout would help her,” he said. “I think it would have really upset him if he were still alive today.

“I was just sick when I saw the offer. She said, ‘I can’t believe that’s all you are going to offer on it.’”

Huck decided to dig deeper. The appraisal indicated the house had two bedrooms instead of three. There are two outbuildings on the property; the appraisal showed one. A 400-square-foot garage was omitted. The house has central air and heat. That was omitted, too.

Said Sharbutt: “The only way you can go back and ask for a review is if there is a discrepancy. So, we took this back before them and called this to their attention. The first time they said ‘no.’ The second time they sent it back, they raised the offer to $52,100.’’

Sharbutt then looked at the comparables the buyout appraiser used. One sold in 2006 for $38,000 at Commerce. It was a two-bedroom house built in 1915. The other comparables were two three-bedroom houses in Miami that sold in 2006 for $42,500 and $42,000. They were built in 1920 and 1938. The comparable houses were 12 to 25 years older than Alice’s home. None had central heat and air.

“The comparables used by the mortgage appraiser are all similar to my brother’s house. One of them even has a gabled front porch like his did,” Sharbutt said. “The appraiser for the trust said these lending companies will go out and get the highest appraised value so that they can lend you more money,” he said.

But Alice’s mortgage appraisal was for $75,000 — the lowest of the comparables. If the mortgage appraiser wanted to lend the most money to her, the highest comparable would have been used, he said.



print this story    email this story    comment on this story   

Click to discuss this story with other readers on our forums.


Add a comment on this story





monster
wheels
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
TV LIsitngs

Get Our Free Pod Cast!



32 buy 1 get 1 free offers


Find a job! Find a Home! Find a car!
Featured Jobs

HIRING GRAND LAKE MENTAL HEALTH
-HIRING- GRAND LAKE MENTAL HEALTH CENTER MIAMI CLINIC. Psychiatric Social Rehab Specialist –to provide services for ...>MORE

PAYROLL COORDINATOR
Payroll COORDINATOR, Ozark Center is accepting applications for a Payroll Coordinator. This full time position is resp...>MORE

DAYSHIFT POSITION
dayshift position available at Moe’s Southwest Grill. Apply within. 781-6637....>MORE

EXPERIENCED CUSTOMER SERVICE PROFESSIONALS
Fast growing company seeks experienced customer service professionals for its Joplin location. Must be reliable and poss...>MORE

DRIVERS TEAMS
DRIVERS TEAMS OWNER OPERATORS, DEDICATED LANE Thru home often. California to Indianapolis. Fuel surcharge to $3.50/gallo...>MORE

OCCUPATIONAL THERAPIST
Ozark Center is currently seeking a part-time Occupational Therapist to work with autistic pre-school age children in ou...>MORE

SPEECH LANGUAGE THERAPIST
Part-time, flexible schedule. Ozark Center is currently seeking part-time Speech Language Therapists to work with autist...>MORE

CMA NEEDED
CMA needed, part time. Whispering Pines, (417)781-0099....>MORE

DRIVERS TEAMS
DRIVERS TEAMS OWNER OPERATORS, DEDICATED LANE Thru home often. California to Indianapolis. Fuel surcharge to $3.50/gallo...>MORE

DAYSHIFT POSITION AVAILABLE
at Moe’s Southwest Grill. Apply within. 781-6637....>MORE

See all ads

Featured Transportation

2008 FORD F-150
Super Crew, 4x4, Limited Edition, leather, alloy wheels, sliding back glass. $25,000. Please call (417)673-5277 or (417...>MORE

NISSAN 2003 MAXIMA
NISSAN, 2003 Maxima, 80,000 miles, 1 owner, all records, immaculate, loaded, silver, black leather, priced to sell. ...>MORE

2008 FORD F-150
Super Crew, 4x4, Limited Edition, leather, alloy wheels, sliding back glass. $25,000. Please call (417)673-5277 or (417...>MORE

See all ads

Featured Homes

OPEN HOUSE
5 br 2 ba, 3200 Sq.feet, beautiful historic district, 1302 S. Main, Carthage. Saturday, Oct. 11, 11 a.m.-1 p.m.(417)793-...>MORE

2-3 BR, SOUTH JOPLIN
2-3 BR, south Joplin, immaculate, partial financing. 417-782-4238 or 417-499-6645...>MORE

See all ads

Other Cool Stuff

AFTER SCHOOL CARE
Mom with education background,providing after school care Oronogo 499-9822....>MORE

SHIH-TZU FEMALE
10 weeks, AKC, shots, dew claws removed, $340. (417)717-0430....>MORE

E-Z GO GOLF CART
E-Z-GO Golf Cart, new batteries, excellent condition, $1400. (417)673-2111....>MORE

LEATHER COUCH
overstuffed chairs from Furniture Row, coffee table, 2 end tables, sofa table, new $3,000, all $1200; cherry kitchen tab...>MORE

WING BACK CHAIRS
WING BACK chairs, (2) new fabric, blue/green/red print, $250/pair. 529-8461....>MORE

WANTED TO BUY GOOD USED MOTOR
wanted TO BUY, good clean used motor home from a private party. Please call Larry in Carthage MO (985)290-8122 sanct2@gm...>MORE

BOXER PUPPIES
boxer PUPPIES, AKC, flashy fawn female, white females with one or two patches on eyes, white male. Dew claws and tails a...>MORE

2 MALE GOLDEN RETRIEVERS
to a good home free. (417) 529-6963...>MORE

2005 CHROME DENALI WHEELS
2005 CHROME DENALI WHEELS and Goodyear tires, 1/2 tread, 265/70 17”. Must sell. 417-825-3737....>MORE

See all ads


 

Community Newspaper Holdings, Inc.CNHI Classified Advertising NetworkCNHI News Service
Associated Press content © 2008. All rights reserved. AP content may not be published, broadcast, rewritten or redistributed.
Our site is powered by Zope and our Internet Yellow Pages site is powered by PremierGuide.
Some parts of our site may require you to download the Flash Player Plugin.
View our Privacy Policy
Advertiser index

 

 

Find A Home Find A Car