Wayne is truly one of
Delaware's natural resources. He was born in Wilmington, Delaware when
Bethany Beach and Fenwick Island were not the extraordinary resorts they are
today. Wayne came from a long line of relatives that lived within miles of the
beach. His Great Grandmother owned three ocean front properties in Fenwick
Island, one of which she received through squatter's rights. Wayne's mother
used to spend the entire summer at the beach in her grandmother's cottage with
no running water or electricity. Wayne's parents are now retired at one of
those properties in Fenwick Island.
Wayne
moved to Bethany Beach with his wife, Jackie, and their daughter, Macy.
Since their move, they have had another child named Matthew. Wayne became
interested in real estate when he was living in California. For ten years, he
helped market the sale of large commercial buildings in Los Angeles and Orange
County.
Wayne
believes that this island and its surrounding bays is a perfect place for
outdoor activities and enjoys it at every opportunity. He loves to swim, run,
surf (or try to surf), and take photographs. He also enjoys time at the beach
with his family and friends.
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Disclosure Laws >Avoiding Delays During Escrow
Unforeseen problems can arise during escrow, and closing dates are never set in stone! Lenders, appraisers, title attorneys, credit check services, or anyone who is involved in the transaction could potentially delay a closing. Stay in close touch with your real estate agent, who will notify you of deadlines and help you deal with delays.
Well-written sales contracts are the key to avoiding problems during escrow. For example, provisions can be included in the agreement that require the buyer to provide evidence of sufficient funds for down payment and closing costs, or to present proof of the ability to obtain homeowner's insurance. Because of new restrictions on insurance policies, the mortgage lender may require insurance before funding the loan.
There is also a section in the sales contract wherein the seller makes a warranty to the buyer of the condition of the property. It is important to make sure that this clause is modified to reflect the seller's transfer disclosure statement. If this is not done, the seller could be required to repair items that are found to be dysfunctional or faulty, and this could add time to the escrow period.
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| Q |
What is the most common street name in the US?
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| A |
Second Street ranks as the most common street name. First Street is not #1 because many "First" streets are called "Main" Street. |
 See More Real Estate Trivia > |
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