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LAWRENCE YERKES EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE
Lawrence Yerkes, of RE/MAX Preferred in South Jersey, has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by "distressed" homes in the foreclosure process.
 Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.
In the Delaware Valley area, many more homes are in danger of foreclosing. It is happening in all price ranges. Local experts say that even high-priced homes are not immune.
"This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales," said Yerkes. "It is so rewarding to be able to help sellers save their homes from foreclosure."
Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors® such as Lawrence Yerkes with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys the credit rating. These experts also may better understand market conditions and can help sellers through the emotional experience, he said.
The Distressed Property Institute opened in January 2008 and provides training on-site and online. The CDPE is the premier designation for Realtors helping homeowners in distress and handling short sales.
"Our goal is to educate as many people as possible so we can help as many homeowners as possible," Charfen said.
For more details about Lawrence Yerkes and his distressed property services, visit: Certified Distressed Property Expert
The township of Medford will celebrate it's 20th annual Dickens Festival, Saturday, Dec. 5th.
LOCATION: MAIN STREET (ROUTE 541) MEDFORD, NJ
EVENT DATE: SATURDAY DECEMBER 6, 2008, 6:00 PM - 9:30 PM
RAIN DATE: SUNDAY DECEMBER 7, 2008, 3:00 PM - 6:30 PM
Sponsored by the  , it's the official Medford start to the Holiday season!
Kicking off the festival will be a tree lighting ceremony in the Main Street Gazebo at 18 North Main Street at 6:15 p.m. with events taking place continously throughout the evening.
Area residents and visitors are encouraged to stroll through Medford's historic village and into the past to experience an 18th Century Dickens' Village lined with dimly lit lampposts, quaint shops trimmed with twinkling lights and dressed for the holidays. Plus, a live Nativity at Tomlinson Park and the town's ever famous Town Crier will ring in the season with the ever anticipated arrival of Santa.
Come and take a complimentary carriage ride through the back streets of Medford's historic village. Trolley will be available to shuttle you to and from designated parking lots.
There is something to enjoy for all ages.
(Source: Medford Twp PR, HMVA)
Copyright 2009 by Lawrence Yerkes. All Rights Reserved.
It's still time to join Fort Dix and the nation in observance of Independence Day on Sunday July 4th with fun, fireworks and entertainment at Doughboy Field. The event, 6 to 11 p.m., is open to the public.
The festivities kick off at 6pm and be prepared to be entertained by radio station Power 99 on-air personality; the up and coming singer Anthony Hall, the Silver Wings and R&B artist, Keyshia Cole.
A spectacular fireworks display begins around 9:30 p.m.
To enter the installation for the event photo identification will be required for all adults and children over the age of 12.
As a result of installations post-911 security requirements, no picnic baskets or coolers will be permitted, but blankets and chairs will be allowed. Vendors will be on site providing food and refreshments available for purchase.
Individuals with a military ID card/Civilian Government ID Card and appropriate DOD Decal on their vehicles will be admitted access at all gates. There will be restricted parking and buses will be provided to Doughboy Field, the site for the festivities starting at 5 p.m. (Click here for more information)
Click here for a list of other fireworks scheduled through the Delaware Valley.
Copyright 2009 by Lawrence Yerkes. All Rights Reserved.
 Medford will be hosting it's annual "Blast from the Past" on Saturday, May 16th. It was a great success last year.
This event provides everyone a chance to shop and eat in Medford and enjoy live entertainment ... and, of course, enjoy the fabulous custom cars and trucks that will be lining Main Street.
If you have a classic car and would like to participate, click here for the registration form to enter your vehicle.
Time: 10:00am - 4:00 pm
For some pictorial highlights from last year's event:
Blast from the Past - Classic Car Show - 2008
Copyright 2009 by Lawrence Yerkes. All Rights Reserved.
Wishing all of you a ...
... and a Prosperous and Healthy 2009!
We are thankful and feel blessed that, despite it's many challenges, we have survived 2008.
We now look forward in 2009 as we have made many significant adjustments for the changing market are in the process of implementing many enhancements and upgrades to continue expanding our effective market coverage and our ability to provide the best service to you!
We're we are excited about the benefits these changes will provide in 2009!
Come along with us!
Copyright 2008 by Lawrence Yerkes. All Rights Reserved.
Here are some of the Realty Reality blog articles that appeared during the past month of November:
Census Bureau Release October 2008 Homes Sales
Sales of new one-family houses in October 2008 were at a seasonally adjusted annual rate of 433,000, according to estimates released jointly recently by the U.S. Census Bureau and the Department of Housing and Urban Development...
Celebrate: Thanksgiving 2008
Hoping everyone has a happy and safe Thanksgiving Holiday (and productive shopping time! :-)
For informative history and resources about our Thanksgiving Holiday, see my previous article: Celebrate Thanksgiving...
MBA Study Shows Government-Insured Share of Mortgage Applications Continues to Increase
WASHINGTON, D.C. - The government-insured share of mortgage applications continues to grow relative to conventional mortgage applications, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. Of all mortgage applications taken during the month of October 2008, 32.9 percent were for government-insured loans (consisting mainly of FHA loans) compared to 10.3 percent in October 2007...
Flexibility for "Hope For Homeowners" Program Just Announced
WASHINGTON - U.S. Housing and Urban Development (HUD) Secretary Steve Preston today announced that the HOPE for Homeowners (H4H) Board of Directors has approved changes to the program to help more distressed borrowers refinance into affordable, government-back mortgages. The changes will reduce the program costs for consumers and lenders alike while also expanding eligibility by driving down the borrower's monthly mortgage payments...
Strengthening Your Personal Finances: Some Guidelines
Eight areas on which to focus in order to strengthen your finances and survive in a difficult economy...
Mortgages Today: What to Know
With so much changing in the real estate and financial markets in recent weeks, many potential buyers are looking for answers. If you're currently shopping around for a mortgage, here is some information to consider...
Home Safety Council® Research Reveals Few Families Take Action to Prevent Falls - the Leading Cause of Home Injury
NATIONAL NONPROFIT URGES CAREGIVERS TO PROTECT OLDER ADULTS AND CHILDREN - THE AGE GROUPS AT MOST RISK. Falls are the leading cause of home injury and injury-related death in the U.S. However, new research from the Home Safety Council (HSC) indicates only 25 percent of adults have taken any action at all to prevent injuries from falls in and around their homes. In particular, by failing to take critical falls-prevention measures, caregivers are leaving their loved ones at serious risk for the nearly 5.1 million injuries and close...
HUD Issues New Mortgage Rules To Help Consumers Shop For Lower Cost Home Loans
New 'Good Faith Estimate' will help borrowers save nearly $700. WASHINGTON - For the first time in more than 30 years, the U.S. Department of Housing and Urban Development(HUD) today issued long-anticipated mortgage reforms that will help consumers to shop for the lowest cost mortgage and avoid costly and potentially harmful loan offers. HUD will require, for the first time ever, that lenders and mortgage brokers provide consumers with a standard Good Faith Estimate (GFE) that clearly discloses key loan terms and closing costs. HUD estimates its new regulation will save consumers nearly $700 at the closing table...
Community Supported Agriculture: Powerful Produce
For most consumers, the only brush with truly fresh produce is when making a trip to the local farmer's market. Unless you're lucky enough to have both a patch of land suitable for a garden and the requisite green thumb, you're likely more used to the unpredictable world of supermarket produce. This predicament has spawned an innovative system that connects normal consumers with small family farms in your area. This increasingly popular strategy is known as "Community Supported Agriculture"...
HUD Announces New, Permanent FHA Mortgage Loan Limits
WASHINGTON - U.S. Department of Housing and Urban Development(HUD) Secretary Steve Preston today announced the new Federal Housing Administration (FHA) mortgage loan limits for single-family homes as prescribed by the Housing and Economic Recovery Act of 2008...
More Governments Coming to Evicted Renters' Rescue
Governments are stepping in to protect renters who find themselves evicted when the property they rent is foreclosed...
For real estate resources, help and support services in acquiring or selling properties in New Jersey and Pennsylvania, Visit my web site: LawrenceYerkes.com
and visit Besthomes-NJ.com to shop for the latest New Jersey Real Estate property listings (Residential, Commercial, Multi-Family, Farm, Land).
Copyright 2008 by Lawrence Yerkes. All Rights Reserved.
Here are some of the Realty Reality blog articles that appeared during the past month of October:
HUD Modernizes Online Guide For Avoiding Foreclosure
Do you need help finding a housing counselor or contacting your lender? Or do you want more information about mortgage refinance options offered by HUD's Federal Housing Administration (FHA)? Americans are able to do all this and more thanks to an updated website developed by the U.S. Department of Housing and Urban Development. The Guide to Avoiding Foreclosure is a one-stop-shop designed to educate Americans about the most current housing information and resources HUD has to offer. The updated site has a number of helpful resources particularly important for Americans at risk for losing their homes...
Relief Nears for 3 Million Strapped Homeowners
The U.S. Government's latest plan to aid struggling homeowners is close to being finalized. This plan could move as many as three million people into more-affordable mortgages...
Congratulations Philadeplhia Phillies - 2008 World Series Champians
The Phillies clinched the title by defeating Tampa Bay in the rain-delayed second night portion of the 5th game at Philadelphia. It is their second World Series championship (the 1st occuring in 1980)...
Realtor.Com® Launches New Redesigned Site For Home Searching
A redesigned REALTOR.com, the nation's No. 1 real estate Web site, will launch today to deliver even more user friendly features to consumers and more value and power to Realtors® marketing their brand and client properties...
Federal Reserve Beige Book October 2008 Report
Reports indicated that economic activity weakened in September across all twelve Federal Reserve Districts. Several Districts also noted that their contacts had become more pessimistic about the economic outlook...
Pew Report on Networked Workers
According to a recent Pew Internet & American Life Project report, "Networked Workers", most workers use the internet or email at their jobs, but they say these technologies are a mixed blessing for them...
IRS Certifies Advanced Lean-Burn Technology Vehicles
The Internal Revenue Service(IRS) has acknowledged the certifications by manufacturers that certain advanced lean-burn technology vehicles qualify for the alternative motor vehicle tax credit...
Economists Against Current Bailout Plans
According to a FoxNews.com online article, Economists Raise Concerns About Bailout Plan, "Interviews conducted with a dozen prominent academic economists, Obama supporters as well as McCain supporters, found little support for the bailout bill. Indeed, even the one economist who supported the proposal passed by the Senate Wednesday night had serious reservations..."
Mark-To-Market Rules Effect Everyone
There has been a lot of talk in the news during the current $700B federal bailout discussions regarding the Mark-To-Market (MTM) (also called Marked-To-Market) reporting rules (e.g., FASB 157) that require financial institutions to value their assets at the current fair market value...
For real estate resources, help and support services in acquiring or selling properties in New Jersey and Pennsylvania, Visit my web site: LawrenceYerkes.com
and visit Besthomes-NJ.com to shop for the latest New Jersey Real Estate property listings (Residential, Commercial, Multi-Family, Farm, Land).
Copyright 2008 by Lawrence Yerkes. All Rights Reserved.
The Internal Revenue Service (IRS) has announced an expedited process that will make it easier for financially distressed homeowners to avoid having a federal tax lien block refinancing of mortgages or the sale of a home.
If taxpayers are looking to refinance or sell a home and there is a federal tax lien filed, there are options. Taxpayers or their representatives, such as their lenders, may request that the IRS make a tax lien secondary to the lien by the lending institution that is refinancing or restructuring a loan. Taxpayers or their representatives may request that the IRS discharge its claim if the home is being sold for less than the amount of the mortgage lien under certain circumstances.
The process to request a discharge or a subordination of a tax lien takes approximately 30 days after the submission of the completed application, but the IRS will work to speed those requests in wake of the economic downturn. (Source: IR-2008-141)
For the complete IRS press release about Lien Relief from the IRS, click here.
Copyright 2008 by Lawrence Yerkes. All Rights Reserved.
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Lawrence Yerkes | RE/MAX Suburban | 609-953-1330 |
630 W. Broad St., Gibbstown, NJ | | Commercial building on corner lot. Many uses. Good location. Close
to Rt. 295 Exit 16B.
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| Retail/Commercial
| | offered at $195,000 |
| Year Built | Unspecified | | Sq Footage | 1,056 | | Floors | 1 | | Parking | Unspecified | | Lot Size | .34 acres | | Maint | $0 per month |
DESCRIPTION
| Commercial building on corner lot. Within 1 mile of Rt. 295 (Exit 16B). Has be recently remodeled and upgraded. Currently home to a growing retail business (which is also optionally available along with contents). Many possible uses: retail, office, professional, food service and more! Good Location with paved parking and free standing sign. Great opportunity! | | |
| see additional photos below |
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| PROPERTY FEATURES
 Commercial / Retail building on corner lot. Variety of uses. |
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| LOCATION FEATURES
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Easy accesss with paved parking. |
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| OTHER SPECIAL FEATURES
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Close to Rt. 295 Exit 16B. |
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Seller contact info: |
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Lawrence Yerkes |
RE/MAX Suburban |
609-953-1330 |
For sale by agent/broker | |
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| Posted: Dec 16, 2008, 6:27pm PST |
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For Additional
Information About This Property:
http://BestHomes-NJ.com/TR5459707
Visit My Web Sites For Additional
Properties and Resources:
http://LawrenceYerkes.com
http://BestHomes-NJ.com (includes Commerical/Investment Properties)
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Lawrence Yerkes - Broker Associate, Southern New Jersey Real Estate Services
Medford Township,
NJ
More about me…
RE/MAX Preferred
Office Phone: (856) 810-8282 x 206
Cell Phone: (609) 975-9230
Email Me
 Links
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