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Lewes, Delaware
Jim's Towing Service
October 2, 1998     Cape Gazette
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October 2, 1998
 

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|. 50 CAPE GAZETTE, Friday, October 2 - October 8, 1998 BUS00NESS &amp; REAL ESTATE Burton's and BMW drive for a cure for breast cancer By Rosanne Pack In BMW dealerships up and down the East Coast last weekend, ladies and gentlemen were starting their engines to participate in a million-dollar/million-mile drive to end breast cancer. In Milford, I.G. Burton Imports turned over the keys to 91 drivers who took a 20-mile test drive to benefit the foundation that is the nation's largest private funder of research dedicated solely to breast cancer. Local drivers who partic- ipated in the Ultimate Drive for the Susan G. Komen Breast Can- cer Foundation racked up 23,960 miles on a fleet of 16 BMWs; BMW of North America will match each mile with a $1 dona- tion to the foundation. "Our drive was a complete suc- cess," said I.G. Burton III, corpo- rate vice president. "We raised more money with BMW, and the people who donated cash at the event, than dealerships in larger markets. "People were driving for two reasons, to have the opportunity to drive a BMW, and to donate to breast cancer research. And, they leaned toward the donation. They knew it was a real donation." This is the second year that BMW Of North America conduct- ed the Ultimate Drive. Last year, they crossed the finish line with more than $1 million in donations, even though they used fewer deal- erships than will participate this year. Burton said that the corpora- tion offered the fundraising event to selected dealerships in 1997, but this year they opened itup to .all 411 dealers nationwide.He said, to stay ahead of bad weather, they started in the Midwest, came East, and will head to the far West as fall and winter comes on. "The company is very proac- five," he said. "They bring every- thing, every model that they make, 16 models that range in price from $19,000 to $100,000, and let the public take them for a test drive." Many communities, include a "Local Hero" presentation with the Komen Foundation fundraiser. In Milford, a representative of the foundation recognized Milford resident Dr. Barbara Sartell, breast cancer survivor, as a local hero who inspires those who are diag- -nosed with breast cancer and who volunteers time to make the public more aware of the disease, it's di- agnosis and treatment. Sartell said she has been cancer- free for four years now after she discovered a lump in her breast while practicing self-examination. She said she feels a commitment to share her experience with oth- ers and to speak, visit and meet with the public any time she can to increase the awareness of the dis- ease and the importance of early detection. The Komen Foundation was es- tablished to honor the memory of Susan G. Komen who died from breast cancer when she was 36. In addition to the Ultimate Drive, the foundation benefits from Race for the Cure events across the compa- ny. It funds scientific research, breast cancer education, screening and treatment projects for the medically underserved. In addition to the Local Hero award presentation, Lt. Gov. Ruth Ann Minner and Rep. John Schroeder, D-Lewes, joined Bur- ton in welcoming BMW represen- tatives to southern Delaware and in thanking the corporation for its dedication to supporting the Komen Foundation. Minner pointed out that the oc- . currence of breast cancer touches everyone in one way or another, either in their own families or their circle of friends. She said that, al- though the great majority of those who develop breast cancer are women, men are not immune from the disease and they should get regular checkups as well as women. Rosanne Pack photos Joining the tour for the million-dollar/million-mile drive to end breast cancer, e George Baldwin, marketing mmaager of BIV, I.(]. Burton nd Rep. John Schroeder, D-1wes, stand up for commitment at the recent Susan G. Komen Breast Cancer Foundation Ultimate Drive at I.G. Burton Imports, Milford. Baldwin presented Burton with a BMW award of recognition for participating in the charitable event. Shown are (l-r) Baldwin, I.G. Burton III and Schroeder. "We all ask when the answer will come. How soon will they find a cure," Minner said. "BMW is helping and I.G. Burton and company is working to make sure a cure is discovered." Burton said that this is the first time the dealership has participat- ed in a major national charitable fundraiser conducted by an auto- mobile manufacturer. He said meeting people as they came in for a test drive for charity gave him a new perspective on cus- tomers. "This is a first-time involvement for us, and it's a new kind ofpres- sure to have on us, to raise money for a good cause," Burton said. "It's really good to be able to do this; it's different than when I'm Continued on page 51 Lending his name to the cause, I.G. Burton HI, Lewes resi- dent and vice president of I.G. Burton Inc., signs the logo BMW station wagon that accompanies the 16 test drive vehi- cles on the Ultimate Drive. Thousands who take a test drive to benefit the Komen Foundation and breast cancer research add their names to the checkered car. For every test mile drf- yen, BMW of North America donates $1; last year, the cam- paign raised more than $1 million and it is expected to exceed that goal this year. I I Home ownership possible, even for credit impaired America's passion to "charge it" has resulted in record levels of personal debt. According to the "Consumer Credit Delinquency Bulletin," personal debt has risen 39 percent in the last five years and now exceeds $1 trillion. Personal debt, and more specifi- cally, credit problems, have stopped many Americans from pursuing their dream of home- ownership. Achieving that dream may still be difficult, but attainable, for in- dividuals who can get a handle on their debt challenges. Mortgage lenders base loan de- cisions on similar factors, includ- ing a borrower's income, assets, FINANCIAL FOCUS Ed Swiatek liabilities; employment history and credit history. But not all po- tential borrowers can satisfy the requirements of each of these cri- teria. There is a substantial market of potential borrowers who can't meet the traditional underwriting criteria. Our industry has made huge gains in being able to help these people achieve the dream of homeownership, despite having less than perfect credit. Getting a mortgage is no longer a questio n of "yes" or "no," but rather a question of "when." Some mortgage lenders now of- fer subprime mortgages, which are loans for borrowers with less than perfect credit. To offset the increased default and foreclosure risk of these loans, subprime loans generally carry a higher interest rate. Another alternative - credit counseling services - offers a way for individuals to overcome credit barriers and to qualify for conven- tional mortgage loan products; therefore, avoid the higher interest rate requirements of a subprime loan. Norwest Mortgage offers a free credit counseling service called the Homebuyers Club to assist its members in oveoming their credit problems. After working through credit issues with a coun- selor, members are preapproved for a mortgage and ready to begin the search for a new home. These two options allow poten- tial homebuyers' flexibility and opportunity. Individuals who want to move in now can do so with a subprime loan, while bor- rowers who want to take the time to repair their credit history can utilize the resources and coun- selors at the Homebuyers Club. For more information about mortgage products and services, visit Norwest Mortgage on the In- ternet at <www.norwest.com>, or call Ed Swiatek, branch manager for the Lewes area of Norwest Morgage, at 888-303-3887, for information.