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Lawrence Yerkes - Broker Associate, Southern New Jersey Real Estate Services

Area Agent Is Certified Distressed Property Expert (CDPE)

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.

CDPEShort 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

Dickens Festival at Historic Medford Village: December 5th, 6 - 9:30 p.m. 2009

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 Dickens Festival, 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.

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Fort Dix Hosting July 4th Fun and Firework - 2009

Fort Dix July 4th Fireworks Celebration 2009

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.

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Medford, NJ Blast from the Past Classic Car Show - May 16, 2009

Medford Classic Car Show - Blast From The PastMedford 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.

Approval of $777M for Hopewell Township, NJ Medical Office Building from HUD

HUD deal to contruct a 223-bed hospital and medical office building in Hopewell, Mercer County, New Jersey. It will replace Capital Health System's aging Mercer Medical Center, expand Fuld Hospital.

The U.S. Department of Housing and Urban Development(HUD) made a commitment to insure a loan to Capital Health System (CHS) in Trenton, New Jersey to construct a new 223-bed hospital in Hopewell Township, New Jersey to replace the existing Mercer Medical Center. The $777 million loan is made possible through the Federal Housing Administration's (FHA) Section 242 Hospital Mortgage Insurance Program.

In addition, the system's Fuld Hospital will create two new medical-surgical units and provide space to accommodate services transferred from Mercer. By insuring the mortgage loan, FHA enabled Capital Health System to obtain a lower cost financing, saving the hospital an estimated $487 million in interest payments throughout the life of the loan. (Source: HUD No. 08-186)

For the complete HUD press release, see my personal blog entry: click here for my corresponding personal blog article.

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.