Southern New Jersey Overlook

Great location for business or professional in the Olde Marlton section of Evesham Township, providing many options including office or retail.  It is centrally located with high traffic and off street parking. Extended lot provides additional parking options. Heater subsystem was updated last year. 

Location provides quick and easy access from Rts. 70 and 73 as well as Main Street in Marlton. Near Rt. 70 and Produce Junction strip mall.

Priced to move quickly, so take advantage of this rare opportunity to obtain a commercial property in Marlton at a great price.   

Currently residential, now zoned C-3, so you have the flexibility of residing on property with home office and in-home retail business, allowing a variety of types of usage.  Or it can be a rental property.

Building has two full baths and kitchen facilities.

Here is a great opportunity to establish your professional and/or retail business with good visibility and traffic.  

Location Description:
The historic Olde Marlton district is the heart of Evesham Township and provides excellent access to major routes and high traffic. It is a highly desirable business and residential destination, with great school systems, pro-business mentality and vibrant business opportunities with needs for quality professional and local specialty retail services.

Marlton is conveniently located in Burlington County in close proximity to both the Jersey Shore and the city of Philadelphia.

 
For more information about this commercial property (and to locate other properties in NJ): hyerkes.remax-nj.com/TR55377402    
 





For more information about this commercial property (and to locate other roperties in NJ): hyerkes.remax-nj.com/TR55377402    


Contact me for an appointment or to list your property:

Lawrence Yerkes
RE/MAX Suburban - Commercial Division
Serving the Greater South Jersey and Delaware Valley areas
We Get Results!
609-654-7300 x206 (Office)
609-953-1330 (Direct)
609-654-7060 (Fax)

Visit my web site for additional real estate resources and services: LawrenceYerkes.com 

Link to Additional Information on LoopNet

The New Jersey Legislature approved A2800, the Fiscal Year (FY) 2009 state budget on June 23, 2008. The state budget for FY 2009 is $32.8 billion, $600 million less than the FY 2008 state budget. In addition, it includes $650 million to pay down the state's debt and it does not include any increases to real estate related taxes.   You can view the bill text of the FY 2009 state budget and a detailed budget analysis.     The FY 2009 state budget is currently being reviewed by Governor Corzine.

Source: NJAR

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

Many municipalities are realizing that local businesses, attractions and events may benefit from the current high gas prices. 

Shop Local!  As most people I come in contact with are seeking to minimize their driving costs, this is a great opportunity for local business to stress their high quality and often unique products and services that are becoming much more cost-effective for local community members.

Communities in New Jersey, such as Haddonfield and Moorestown, which are already known for their local shops and leisurely outdoor cafes and restaurants have a distinct advantage in stressing convenience, variety and pedestrian friendly environments. 

Others are starting to realize an opportunity to take back some of the customers that were lost to outside regional malls and shopping centers.

While people will still go to a large regional centers, it will be less frequent and more thought out and planned to minimize travel costs -- opening the door for more "spur-of-the-moment" and "immediate need" consumers to be serviced by local businesses and service providers.

Haddonfield, in Camden County, is launching a promotion to buy local and go green, as all of their shops are easily accessible by bike or walking. 

A large number of municipalities, such as Medford, in New Jersey and the Delaware Valley have special programs scheduled throughout the year, check your local municipality web site for details.


Here are some resources for finding local festivals, shows and special events that may be near you:

New Jersey Craft Shows, Fair and Festivals

NJ Food and Wine Festivals, Events

NJ Events Search

Festivals.com - NJ

Fairs and Shows - NJ

GoKidsNJ - Things To Do


Top Ten Reasons to Shop Local  (from NOSL)

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

Medford Township's Department of Recreation is be providing a free "Family Summer Movies in the Park" series to be shown in Freedom Park, at 86 Union Street, Medford, NJ 08055 (across from the Public Safety Building). 

The movies will be shown at dusk every Tuesday evening through August 26.  If weather is bad on Tuesday, movies will be shown the following Wednesday evening at dusk.

So gather up your family, snacks, lawn chairs or blankets and enjoy some fun family films with the rest of the township.

If you desire more information, then contact the Recreation Department  at 609-654-2512.

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

A new ActiveRain group has been established to highlight local attractions, especially hidden gems that are unique to an area and easily accessible without a long travel time. 

Many people tend to focus on the standard sights and attractions and don't take time to investigate and explore local or smaller sites that usually cost less, require less gas to reach and provide a more satisfactory experience for the cost and effort.

The objective of this group is to get the word out about those local attractions and especially ones that are hidden gems -- to allow others to discover and enjoy them for themselves. This can be natural or man made, but its something special to your area.

The primary purpose of this group is to share the attraction highlights with others who may be thinking of moving or visiting your "local" area, as well as making residents in and around the attraction aware of it, so they can check it out for themselves.

Click here for Local Attractions - Hidden Gems Group.


Explore and enjoy our local attractions... and Save Gas!

Copyright 2008 by Lawrence Yerkes.  All Rights Reserved.
Visit my web site for additional resources and services: LawrenceYerkes.com

Once used as a water and power source and a natural highway in the days before the railroad, the Rancocas River with it's tributaries is still an important natural resource.  In an effort to allow access to the river for recreation and to enjoy it's surrounding scenic beauty, the Medford Canoe Trail was created with the help of the local community and many individuals.  The Medford Canoe Trail Committee (MCTC) was created to coordinate the efforts. 

"The over two-mile Medford Canoe Trail on the Southwest Branch of the Rancocas Creek begins in Medford Park and ends at historic Kirby's Mill. It offers superb scenery with lush vegetation and tranquil waters. Once an important conduit for trade and commerce, the Rancocas now provides water recreation for kayakers and canoeists. The upper end of the trail is adjacent to the historic Medford village with its shops, restaurants and grand old homes."    (Source: Medford Canoe Trail)

This is a great opportunity to enjoy the outdoors, get some exercise, enjoy great scenery and time with family and/or friends, then shop and enjoy a snack or a great meal after you're done -- and it's all local...  Save Gas!

Map of Medford Canoe Trail:

Rules and Guidelines; Tips & Suggestions:

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

There's still time to participate and contribute to the Race for Life now being held at Medford Township's Freedom Park.

It is taking place Saturday and Sunday (June 20th and 21st) at Freedom Park, where you also have the opportunity to participate first-hane in a landmark new CPS-3 study.  See the Race for Life web page for details.

The event is offically called the "Reach for the Stars, Relay for Life, Medford, NJ".

"Each year, across the nation, one event brings together entire communities to take part in the fight against cancer. That event is the American Cancer Society Relay For Life^®. It's a time and place where people come to celebrate those who have survived cancer, remember those we've lost, and fight back against a disease that touches too many lives.

Won't you join us this year and be a part of Relay?

It's not just an opportunity to celebrate, remember, and fight back your involvement will help the American Cancer Society work toward a mission of eliminating cancer as major health issue and will support much-needed services in your community. Thanks in part to the donations from Relay For Life and other events, the Society is saving lives, helping those touched by cancer, and empowering people to fight this disease all over the world." 

Source: ACS

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

For all you car racing fans in the Delaware Valley and Mid-Atlantic area, the New Jersey Motorsports Park (NJMP) is preparing for the start of events at their nearly completed Thunderbolt Raceway.  

Located near the City of Millville in Cumberland County, NJ, it is over "700 acres conveniently, situated in the heart of the Mid-Atlantic Region, within easy driving distance from New York City, Philadelphia, PA, and Washington, DC., New Jersey Motorsports Park will be one of the most unique and dynamic Motorsports Parks in the country. This world-class complex will not only feature the 2.25 mile signature Thunderbolt Raceway, but it will also feature a 1.9 mile roadcircuit known as the Lightning. It offers an incredible amount of diverse and dynamic motorsports attractions.

When completed, New Jersey Motorsports Park will also include a first class karting facility, an ATV course, a 3/4 mile tri-oval speedplex, as well as a host of amenities and attractions that include a member's only clubhouse, VIP suites, trackside villas, hotel and conference center, restaurants, retail and raceplex businesses, restaurants, educational outlets, and other unique project attractions that will truly drive excitement closer to everyone in the entire region."  

The NJMP  kicks off its inaugural spectator event season with a month long grand opening celebration, starting in August. Click here for a list of events.

The park is developing it's facilities in phases, Included in just the first phase of this tremendous facility are: 2 world class road courses (Thunderbolt and Lightning); an exclusive motorsports country club known as the Drivers Club; unique trackside Villa homes, and a first class karting facility where anyone can experience the thrill of motorsports behind the wheel for the first time.

(Source: NJMP)

Click on image for more information about NJMP.

* Thunderbolt Raceway images, NJMP, New Jersey Motorsports Park and logo are copyright New Jersey Motorsports Park.


Note: If your are a business considering having a presence in this area to support and/or benefit from the NJMP, please contact us for help with site selection and real estate support services.

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

CommercialSource.com was created by NAR to become THE national commercial listing service.  It was started with the acquisition of 10-year old ePropertyData (March 2008), which provides the engine and hosting for the commercial listing service.  It currently has over 50,000 listings, growing weekly and is projected to reach 250,000 by 2009, and will continue to grow as the service is developed and features are added.

According speakers James Marrelli and Allen Benson, who presented their overview of CommercialSource.com at the NAR Commercial Alliance's Online Convention the main Commercial Source listings site will be a national display site (compared to Loopnet listings), free to NAR members. 

It is being feed automatically by local CIEs and manually by licensed real estate individuals who are not members of a CIE.  This is now available online for individuals.  It first requires registration and then a verification step.

CommercialSource is designed to be all things commercial on the Internet for commercial property -- a one-stop site shop and marketplace for properties and resources.

The longterm objectives of CommercialSource.com is to:

1. Acquire data from local CIEs and individuals, display that information nationally and syndicate that content to other large web sites for maximum exposure and drive traffic back to listing and agents web sites.

2. Provide additional listing features/services (some that may involve charges):

    - July 16th - 3 levels of enhanced listing packages

    - End of 2008 - 2 more additional enhancements packages -- power marketing & productivity suite

    - 2009 - will see new platforms for 1031 Exchanges and Auctions

Objectives is to only have to enter information once and use the date often, providing strong national exposure.

CommercialSource.com is the public display for brokers on a national level.  It is not a CIE. 
ePropertyData has additional CIE-type resources to support the broker and their web site that provide productivity packages, market history (sales and lease), feature rich reporting, site analysis, financial analysis, forms, etc. i.e., a decision support system and professional development system. 

About the speakers:

James Marrelli is vice president of Second Century Ventures, (SCV) a venture capital subsidiary owned by NAR. Marrelli assumed this position after revitalizing NAR's Commercial Real Estate Division. The first acquisition of SCV is ePropertyData, a provider of commercial information exchange solutions. Marrelli will head development of NAR's national commercial property listing platform which will be part their CommercialSource website. Marrelli holds an M.B.A. from the Harvard Business School and a B.S. in Finance and Marketing from Syracuse University. He is a licensed general contractor and real estate broker in Arizona and California - as well as a REALTOR.

Allen Benson is Co-Founder and Chief Technical Officer of ePropertyData. While still in high school Allen was writing code for Tandy Corporation and Safeway Foods. He started his career in real estate and was quickly a top producing sales associate who began integrating technology into his business.

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

I was wondering if anyone has any experience with the Panasonic DMC-FX35 25mm wide-angle camera, as I am trying one out.   I'm looking at it primarily for it's wide-angle capability and latest technology features.

I was considering an updated version of the Kodak V705 wide-angle with dual lens but that model or later version is no longer available from the company.

So far, I have taken several types of shots and like the quality using mostly the default settings.  There are a lot of setting options which I'm trying to learn about.  Battery life seems very good and I have an 8GB SDHC memory card so I can take plenty of pictures even at 10MB or movies at HD720.

Click here for Panasonic's specs.  (Overview)

For a good 3rd party review of the camera, click here.

While having wide angle capabilities makes it easier to take pictures of buildings and interior rooms, especially when in close quarters, it's not THAT much difference than using a camera with a standard angle lens -- just means I have to be further away to get in more of the picture.  Of course, this is often a problem, especially for interior room shots as you are usually limited by roomsize.  Now I can take in more of the room in a single shot.

BTW, the camera comes with software for transferring and managing images as well as a panorama utility that allows you to combine photos that were taken side-by-side into a single panorama image.

It has two mode settings for minimizing jittery pictures, one that is always active and is the only option for video recordings; the other mode is only activated when you press the shutter.   I wasn't using the second option, and when taking shots at a distance I was getting blurring in some of the shots, not all.  I need to try this feature some more and experiment between the two modes.

Let me know if you have any experience with this camera and what you like/dislike about it.
 

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

Richard Ardia's book, "Making the Right Move in Real Estate", has the full subtitle, "An Insider's Guide for Buyers and Sellers Seeking the Best Answers to Real Estate Questions".    
 
It includes a forward by Bob Becker, former CEO of National Real Estate Trust (NRT), who proclaims it a "must read for every potential buyer and seller of real estate, regardless of whether it is your first or fifth experience... chock full of good old-fashioned common sense and tempered with the realities of today's modern-technology advanced marketplace."
 
It's cover mentions that from reading the book you will lean how...
 - High Mortgage interest rates can actually work in your favor;
 - Aggressive negotiating will not necessarily get you what you want;
 - Your best friend may not be your best choice of an agent;
 - A mortgage lender may turn out to be your guardian angel;
 - How to identify and benefit from a "transition" market.

Amazon.com's review states, "Unlike many other real estate books, Making the Right Moves in Real Estate provides no get-rich-quick schemes, and no information (such as types of mortgages or definitions of terminology) that can be readily found on the internet. Instead, the book consists of bits of wisdom from a successful real estate professional whose counter-intuitive views include, among others, why a period of high interest rates might be the best time to get into real estate; why the best agent for you may be someone you've never met; and why a seller's biggest mistake is often turning down the first offer that comes along. Intended to help everyone navigate their way through the real estate maze, this book is also a worthy asset for real estate companies and their agents, regardless of their experience levels."
 
The book mentions that broker selection is the key to unlocking all the right doors and discusses how to pick the best broker for you needs. It discusses preparing a home for sale and setting the right price and the dangers of overpricing.  It looks at getting the buyer in the strongest position to  make an offer, negotiate price and terms and to ultimately in up with a good investment. And at various points it stresses the importance of following the Golden Rule no matter which side of a real estate transaction you are involved.
 
This is a good introduction to the real estate process for consumer and agent alike.

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

Here's the Official "Whipster's Punabridged Dictionary" (L-Z) that was hidden and recently discovered buried deep inside a box in a far corner of my garage for over 25 years. It's  deep truths and incite can now be shared with others so that they can unlock the true meaning of these words...

Note: Author Unknown -- I'm not sure who originally compiled this list, but believe it is in the public domain. Click here for Volume A-K. Warning: there is more coming from this compilation.

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

According to the latest NJAR email communications, "on June 10, 2008, the NJAR^® Board of Directors voted to strongly support state-mandated continuing education for real estate licensees.

The board considered the NJAR® Continuing Education Task Force Outline and the draft Report and Recommendations of the Continuing Education Task Force of the New Jersey Real Estate Commission (REC) throughout its discussion.

The NJAR^® board voted to accept the NJAR® Continuing Education Task Force Outline.

The REC Task Force's Report and Recommendations draft was presented to the REC at its public meeting on April 29, 2008. The draft report was discussed at the REC hearing on May 13, 2008 and there were no adoptions or decisions made concerning the report."

It looks like New Jersey, one of the few states not currently requiring continuing education, is on the way to making continuing education mandatory for all real estate licensees.


Do you have any thoughts, pro or con, about it?




Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

Visit my web site for real estate resources and services: LawrenceYerkes.com 

McCain Introduced by Joe Lieberman at Burlington County NJ Town Hall Meeting

GOP Presidential hopeful, John McCain, held a major Town Hall meeting at the Burlington County College (BCC) auditorium, a host to many past political events because of it's facilities and location.

I was curious to see what McCain was like outside of the sound bites that are normally presented on the news.  Barack Obama was also appearing in the Delaware Valley, but BCC was much more convenient, easier to reach and the meeting was open to anyone.

There was the typical long line getting in through security but I arrived about 45 minutes before the 10 a.m. starting time and was in the air conditioned auditorium by about 15 minutes before it started.   There was still a long line after I selected a seat, but everyone that arrived on time was seated inside before McCain appeared.

The program started with the Pledge of Allegiance, followed by a convocation prayer which included requesting blessings for the county, military and our leaders, including the candidates.  Then local political figures running for Congress and the Senate were briefly introduced and spoke a few quick words.  Jim Saxton, who is retiring after his current 12th term in Congress expires, was recognized for his 25 years of service and given a standing ovation.   There was a lull for about 10 or 15 minutes, then the McCain entourage appeared just off to the back left side of the stage and the Town Meeting was on...

Leading off was Senator Joe Lieberman, who gave strong, passionate reasons why he, a Democrat, was supporting McCain for president.  He then introduced former New Jersey Governor Tom Kean, who had headed up the independent 9/11 Commission task force sanctioned by McCain, Lieberman and others in the Senate.  Kean then welcomed McCain to a rousing ovation that seemed would last forever, but everyone finally settled down to hear what McCain had to say.

McCain started off with some prepared remarks, relying occasionally on some 3x5 index cards for notes.  I believe the press, which had a large presence, obtained a lot of useable sound bites and newsworthy items from his speech.  He continued his challenge to Obama for a series of Town Hall meetings.  He corrected some misunderstandings about his stance on issues such as social security, taxes and energy independence.  He commented on what he felt was a bad decision by the Supreme Court regarding non-citizen military detainees.  He also noted that 30 of the detainees that had been released have already attempted to attack America again.

McCain is not a great orator. I don't believe I am making a statement that anyone will consider surprising.  However, he holds your interest as he is obviously very sincere about what he believes and he presents his views in a forthright manner. You feel while listening to him that what he says is heartfelt. 

When asked numerous questions by the audience, McCain listened (a couple of times taking notes), then answered them directly and confidently.  The only time he hesitated was when someone was discussing his position on a disabilities bill by its bill number, at which point he explained that he does not remember them by their number, but went on to answer the question. 

He answered questions about America's dependence on oil and the need for development alternatives.  McCain stressed that he was, for both economic and security reasons, supporting federally sponsored pure research (not subsidies that often negatively alter free markets such as with ethanol), nuclear energy and developing other sources of oil.  At the same time he was for correcting causes of global warming.   

In another reply, McCain stated that he is for providing PTSD support services for military personnel and providing them with a card for obtaining solutions to everyday maladies from standard medical providers.    He also committed to capturing Osam Bin Laden and bringing him to justice.

The time went quickly and about a little after 12pm, McCain thanked the people and concluded his remarks.  He then spent some time shaking hands with members of the audience.

If you ever get a chance to attend similar Town Hall meetings for either party, I encourage you to attend.  They allow a more complete, unfiltered view of the candidate(s) that, with the possible exception of C-SPAN, is sorely lacking from the regular news sources.



Press Section at Town Hall Meeting...




 

 




Joe Lieberman with McCain watching...





















Joe Lieberman handing off to Tom Kean...

John McCain (Lieberman and Kean setting on the left side)...

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

Here's the Official "Whipster's Punabridged Dictionary" (A-K) that was hidden and recently discovered buried deep inside a box in a far corner of my garage for over 25 years.  It's deep truths and incite can now be shared with others so that they can unlock the true meaning of these words...

Note: Author Unknown -- I'm not sure who originally compiled this list, but believe it is in the public domain.  Warning: there is more coming from this compilation (see Volume L - Z).

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

Microsoft, as part of their Sysinternals tools, has released Windows Search 4.0.  It is now available for download. With it you can expect better indexing performance, support for the remote query of shared index locations, per-user group policy settings, and more.

Here are the download links, depending on the version of Windows you are currently running:

- Windows Search 4.0 for Windows Vista and Windows Server 2008 <http://go.microsoft.com/?linkid=9081639>

- Windows Search 4.0 for Windows Server 2003  <http://go.microsoft.com/?linkid=9081640>

- Windows Search 4.0 for Windows Vista x64 Edition <http://go.microsoft.com/?linkid=9081641>

- Windows Search 4.0 for Windows XP <http://go.microsoft.com/?linkid=9081642>

- Multilingual User Interface Pack for Windows Search 4.0 for Windows XP <http://go.microsoft.com/?linkid=9081643>


NOTE: Check out the beta of Sysinternals Live <http://go.microsoft.com/?linkid=9081735>, a service that makes it easy for you to execute Sysinternals tools directly from the Web without hunting for and manually downloading them.  Simply enter a tool's Sysinternals Live path into Windows Explorer, or at the command prompt as \\live.sysinternals.com\tools\<toolname>.

Source: MSTN


Visit my web site for Real Estatel services and support: 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 Federal Reserve recently published their latest issue of the Beige Book. It is available online.

The following is a brief list of it's overall (national) summary findings (using data as of June 2nd):

1. Economic activity remained weak since the last report. Economic activity was weak, soft, sluggish, modest in all Districts, except Philadelphia, Atlanta, Cleveland, St. Louis and San Francisco which had stable or little change.
 
2. Consumer spending slowed over most of the county due to higher gas and food prices. Retail sales were mixed with stable to higher inventories. Vehicle sales were weak, especially for SUVs and trucks, but solid for hybrid and fuel-efficient vehicles.  Retail inventories are steady or rising.  Philadelphia noted some relative strength in demand for luxury goods
 
3. Tourism generally was dampened due to higher energy prices, while international tourists were still having positive impact in areas.
 
4. Reports were varied in non-financial service industries. Demand for service providers slowed in many areas. Air travel remained strong despite route reductions.  Shipping and freight activity was sluggish or weakening.
 
5. Manufacturing was soft since last report.  Housing and construction industries were still softer.  Food processing was mixed with "subdued" to strong demands.  Strong overseas market still positively impacting some industries, such as steel. Demand was strong for farm equipment and transportation equipment to supply defense and aircraft industries.
 
6. Commercial real estate conditions varied with some areas reporting softening. Overall rents were on the rise in New York, but were stable or beginning to slip in Boston, Philadelphia, Richmond, and Kansas City.  Sales trended downward according to the New York, Philadelphia, and Kansas City Districts.  Nonresidential construction activity was mixed.
 
7. Residential real estate markets remained weak in all districts.  Philadelphia and Kansas City reported seasonal improvements.  Inventory levels of new and existing homes were still high or rising. 
 
8. Lending activity was varied with softening in the consumer segment persisting.  Banks have continued to tighten credit standards for consumer, residential and commercial loans.
 
9. Crop conditions were generally improved.  Districts were concerned that rising feed costs were eating into profit margins.
 
10. Energy activity remained strong.  Oil producers reported increases in oil and gas drilling to their highest level in 20 years. 
 
11. Employment hiring pace slowed over past few weeks. 
 
12. Businesses contacted reported increases in input costs since the last report and expect higher prices in the near future.
 
Note: This represents the national summary for ALL districts combined. The report also provides more detail on each item summarized nationally, as well as reporting by each district on all items.

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

My daughter this past week went out to pick strawberries with friends at one of the many farms in South Jersey that allow customers to do-it-themselves, save money and have the satisfaction of obtaining fruits and vegetables that are as fresh as possible without expending all the effort and time by growing them yourself.
 
Throughout the summer we will be enjoying fresh blueberries, melons, corn, beans, peppers, tomatoes and more. Whether picking them ourselves, or getting them just-picked at a roadside stand, you can't beat the freshness and tastes of Jersey Grown fruits and vegetables.
 
South Jersey is a great place to be in the summer for fresh produce, outdoor recreation and, of course, the beach.

Related articles:

Pick Your Own Jersey Farm Fresh Produce

New Jersey Farm Fresh Markets and Stands

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

The Washington Post published (6/9) a report, How HUD Mortgage Policy Fed The Crisis, subtitled, Subprime Loans Labeled 'Affordable'.  The article basically takes HUD to task for fueling the risky lending process, under the banner of "affordable" housing, that was characteristic of the subprime mortgage market.  It implicates Fannie Mae and Freddie Mac, but focuses on HUD, starting under the Clinton administration.
 
The next day (6/10), HUD fired off their response with a press release entitled, Setting the Record Straight, in which it states that "the Washington Post, citing former HUD officials and academics, claimed HUD's affordable housing goal requirements of Fannie Mae and Freddie Mac helped to fuel the collapse of the subprime mortgage market. This is a gross misrepresentation of much larger forces that were at work in the mortgage market. We believe it's time for a reality check..."
 
HUD goes on to point the finger at Fannie Mae and Freddie Mac, but ultimately at Congress, calling on it to create a stronger, world-class regulator of Fannie and Freddie.
 
In the process it points out that 92% of the current mortgages are being paid on time and often by underserved borrowers who were previously unable to obtain mortgages prior to HUD's affordable housing goals.
 
As participants and front-row observers, we are directly impacted by this crisis and what is being done to correct it and what steps will be taken to make sure it doesn't happen again.  
 
From your prospective, have these two articles correctly defined the problem and possible solutions or is one more accurate from your experience than the other.  Or, are both just pieces of a broader issue?
 
Of course, we all know that the government never lies, newspapers always get their facts straight and reporters never have a hidden agenda or bias.  ;-)



Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

Visit my web site for real estate resources and services: LawrenceYerkes.com 

This distinguished property is conveniently located in Medford's Historic District and zoned Historic Village Commercial (HVC). The current owners, over the past 16 years, have lovingly remodeled and upgraded this property while retaining it's historic charm and value.

It includes a variance for residential with home office and in-home retail business, allowing a variety of types of usage. It also has a 2nd floor apartment that can be rented out for an additional source of income.

The building is designed on the main floor with access to all rooms through a central hallway, allowing separate private offices. One room can be used for a conference / board room or opened with a connecting room for one large meeting area.

There is plenty of parking, including on-site, side street and nearby free Town Center Parking lot.

Here is a great opportunity to establish your professional and/or retail business on a prestigious corner property with high visibility and traffic.  

Location Description:
The prestigious Medford Historic Village is the heart of Medford Township and provides excellent access to major routes and high traffic. It is a highly desirable business and residential destination, with great school systems, pro-business mentality and vibrant business opportunities with needs for quality professional and local specialty retail services.

Medford has distinguished itself as one of the premiere suburbs of the Philadelphia area. Nestled within the beautiful landscape of the South Jersey Pine Barrens, Medford is conveniently located in Burlington County in close proximity to both the Jersey Shore and the city of Philadelphia.

A diverse town within itself, the historic district of Medford Village provides for a fun, unique shopping experience, while the great schools, recreational facilities, and neighborhoods make the town a great place to live! And though the many lakes throughout the township bring for many breathtaking sunsets, it is the tight-knit spirit of community that truly makes the township of Medford one of New Jersey's hidden gems.

 
For more information about this commercial property (and to locate other properties in NJ): hyerkes.remax-nj.com/TR5362265    
 






For more information about this commercial property (and to locate other roperties in NJ): hyerkes.remax-nj.com/TR5362265    


Contact me for an appointment or to list your property:

Lawrence Yerkes
RE/MAX Suburban - Commercial Division
Serving the Greater South Jersey and Delaware Valley areas
We Get Results!
609-654-7300 x206 (Office)
609-953-1330 (Direct)
609-654-7060 (Fax)

Visit my web site for additional real estate resources and services: LawrenceYerkes.com 

Link to Additional Information on LoopNet