FENWICK ISLAND -- Feeling the pinch of a sluggish real estate market, Bayside in Fenwick Island has cut nearly 30 percent of its home building staff.The layoffs won't curtail the project's final buildout of 1,640 homes, said Patti Grimes, vice president of the community division for Carl M. Freeman Associates.
American Home Mortgage Investment Corp. Announces Bankruptcy Court Approval of Sale Process for Certain...
MELLVILLE, N.Y., Aug. 29 /PRNewswire-FirstCall/ -- American Home Mortgage Investment Corp. (OTC: AHMIQ) ("American Home") today announced that the U.S. Bankruptcy Court for the District of Delaware has approved sale procedures for certain loans owned by Broadhollow Funding, LLC and Melville Funding, LLC, both affiliates of American Home that are not subject to the company's Chapter 11 filing made on August 6, 2007 .
For many years, agency relationships have been one of the most difficult things to understand within a real estate transaction. If you are selling a home, would you want the salesperson to represent you exclusively? The same is true for a buyer. How does a real estate salesperson represent a buyer or seller? What are their duties? These are only a few of the questions regarding an agency that one may have in a real estate transaction.
Foreclosure filings in Delaware rose 38 percent in July over last year, and experts say those numbers are likely to get worse, providing another sign that troubles in the subprime mortgage market will continue.
Eric Buckson's explanation regarding his anti-development decisions in Kent County during recent Levy Court decisions sounds logical and convincing until you analyze exactly what he is proposing and the consequences.
TOWNSEND -- This tiny southwestern New Castle County town is no hotbed of crime, but that doesn't mean that the 1,000 or so residents feel safe and satisfied.
Delaware has always been known, certainly by landlords, as a tenant-friendly state. Title 25 of the Delaware Code goes on for page after page, more times than not outlining the rights and privileges of the tenant. The property owner-landlord is an afterthought.
Delaware will pay Bank of America $13 million for an office building and parking lot in downtown Wilmington, and create a state employee education and training center at the site, legislators decided Sunday in the waning hours of their 2007 session.