15 Expectations Real Estate Client

“Meeting the Expectations of the Client”
Real Estate Client

Click on any item to view associated materials
Biographies of Speakers
Barbara A. Brodoway, Esquire, Ward & Taylor LLC

Crystal L. Carey, Esquire, Schmittinger & Rodriguez, P.A.
Program Materials *
Program Materials
* The forms included herein are samples only and may not be appropriate for any
particular matter.
1
BARBARA A. BRODOWAY BIOGRAPHY
I graduated from the University of Delaware with a B.A. in art history and
history in 1981 and, like many with such useless degrees, decided to go to law
school. I received my J.D. from Villanova Law School in 1985. I was admitted to the
Delaware Bar in 1985 and the Federal Bar in 1986. After working for various law
firms in Delaware, and then heading my own law firm from 1996 through 2003, I
joined Ward & Taylor, LLC in 2004. My areas of practice are real estate and wills. I
teach real estate law to Realtors and have taught the licensing course for several real
estate schools. I work extensively with many non-profit housing organizations in the
Delaware Federation of Housing focusing primarily on educating first time
homebuyers. I have spoken to various community and professional groups about
Wills, Powers of Attorneys and Health Care Directives. I am a native Delawarean, am
married to a native Delawarean and have lived my entire life in Delaware, which is
very rare or sad depending on your perspective. I have one husband, one son, and
one cat. I enjoy running (but not very fast) and traveling (as often as I get the
chance).
CRYSTAL L. CAREY
1863 Windswept Drive
Dover, DE 19901
(302)-674-0140
ccarey c sclunittrod.corn
EDUCATION
University of Maryland (J.D., 1987)

University of Delaware (B.S. cum laude, 1984)
Phi Kappa Theta
JURISDICTIONS INCLUDING FEDERAL COURTS ADMITTED TO PRACTICE LAW
Delaware (1988)
Maryland (1988)
District of Columbia (1988)-Inactive
U.S. District Court for the District of DE
U.S. District Court for the District of MD
U.S. Court of Appeals 3`d Circuit
U.S. Court of Appeals 4 d' Circuit
U.S. Supreme Court
WORK EXPERIENCE
Schmittinger & Rodriguez, P.A., Partner/Director. Practicing in Real Estate and Family Law from
December 6, 1988 to present date.
PROFESSIONAL ORGANIZATIONS
Delaware State Bar Association (Executive Committee 1996-1997; 1998-1999; 2000-2001; 2002-2003;
2004-2005; 2006-2007; 2008-2009; 2010-201 land 2014-2015)
Kent County Bar Association (President 1995-1996)
Kent County Row Offices (1999-200 1)
Delaware Bar Foundation
Lawyer Fund for Client Protection
District of Columbia Bar Association
Maryland State Bar Association
Delaware Trial Lawyers Association
Terry-Carey American Inn of Court
American Bar Association
William E. Ward 2710 Centerville Road, Suite 200
Jonathan B. Taylor Wilmington, Delaware 19808
(302) 225-3350
August 25, 2008
Buyer
Current Address
Wilmington, DE
RE: Purchase of New Property

Our File: 2008-XXXX
Dear Buyer:
Thank you for choosing the Ward & Taylor law firm for your real estate settlement. We appreciate
having the opportunity to work with you. Your closing agent for this transaction will be Paralegal’s
name. If you have any questions, your closing agent can be reached at 302-225-XXXX, fax number at
302-225-XXXX or e-mail address at name@wardtaylor.com.
We recognize that a real estate transaction sometimes can be an intimidating process. It is our goal to
provide the highest level of service and support throughout your transaction. We will use telephone
communication, email and the internet to keep you informed.
On our web site www.wardtaylor.com you will find general information such as telephone numbers, fax
numbers, email addresses, directions and answers to frequently asked questions. You can get specific
information for your transaction by clicking on the ExpressInfo link. This link will take you to a screen
where you will enter the file number for your settlement 2008-2109 and verify some basic information
about your transaction. You will then be able to see useful information about your settlement, including:
• Date and Time of your settlement

• Contact information for your closing agent
• A map and directions to the location of your settlement
• A downloadable copy of your settlement statement
• General information related to your settlement
We recommend that you use the settlement sheet review link, located on the right side of the Express Info
screen, to review all settlement charges. The settlement sheet document is in PDF format and requires the
Adobe Acrobat Reader. Instructions for downloading this may be found on our website. At the time you
receive this letter, a draft settlement sheet will already be available for your review. As we continue to
process your file, adjustments and charges will be added to your settlement sheet. Once the sheet is
completed, you can print or download the sheet and compare it with the good faith estimate you received
from your lender.
The attached Buyer Information Sheet should be filled out and faxed or mailed to our office as soon as
possible. We need the information to process your file. Also attached is general information that you may
find helpful. This is also available on our web site.
As a leader in real estate settlements, Ward & Taylor has built a reputation for providing the highest
quality of service. This reputation is the result of our commitment to our customers, partners, and
employees. Thank you again for your business and for the opportunity to provide you with a great service
experience.
Sincerely yours,
William E. Ward, Esq. Jonathan B. Taylor, Esq.

BUYER INFORMATION SHEET
FAX TO: Paralegal name – Real Estate Paralegal Fax No.: 302-225-XXXX
Our File: 2008-XXXX
1. Name(s) of Buyer(s):
Buyer
2. Contact Phone Number(s):
Home: ______________________________________
Work: ______________________________________
Other:_______________________________________
E-mail Address:_______________________________
3. Address of Property being purchased:
Property Address
4. Buyer(s) Social Security Number(s):

____________________________
__________________________
5. Mortgage Information:
Name of Mortgage Company_______________________________

Contact Name __________________________________________
Contact Phone Number ___________________________________
6. Homeowner’s Insurance Information:
Name of Insurance Company ______________________________

Name of Insurance Agent _________________________________
Phone Number of Insurance Agent __________________________
(Please have your insurance agent fax declaration page to us at above fax number.)
7. Are you a first time homebuyer? _________ Yes _________ No
8. Is this a principal residence or investment property? ______________________
9. Please check one of the following as to how you will be taking title on the Deed:
_____________ Individual
_____________ Husband and Wife – (Tenants by the entirety)
_____________ Joint tenants with the right of survivorship
_____________ Tenants in common
(If you have any questions please contact one of our attorneys on our main number at 302-225-3350.)
Under penalties of perjury, I certify that the number shown on this statement is my correct taxpayer identification
number.
____________________________________________Date:_______________
____________________________________________Date:_______________
PLEASE SIGN ONE COPY OF THIS FORM AND RETURN TO OUR OFFICE.
Confirmation of Representation and Disclosures
Re: This hereby confirms that I have received, reviewed and understand the client representation letter
and Property Address
General Information and Disclosure materials from Ward & Taylor, LLC and consent to their representation
of my interests in the above real estate transaction.
Buyer
RETAIN THIS COPY FOR YOUR PERSONAL RECORDS.
Confirmation of Representation and Disclosures
Re: Property Address
This hereby confirms that I have received, reviewed and understand the client representation letter and
General Information and Disclosure materials from Ward & Taylor, LLC and consent to their representation
of my interests in the above real estate transaction.
Buyer
GENERAL INFORMATION AND DISCLOSURE
The following section outlines general information related to your transaction. Note that all of these
sections may not be directly related to your settlement. If you have any questions, please contact your
closing agent via phone or email.
Under the Delaware Lawyers Code of Professional Responsibility I must disclose several items to you
prior to accepting representation of your interests in this transaction when a seller, lender, real estate
agent, or other person having any interest in the transaction referred you to me. These disclosures include
the following:
1. That you have the right to choose your own attorney to represent you throughout the transaction
regardless of any preference a seller, real estate agent, lender or other person may have.
2. Whether or not this Firm represents any other party having an interest in the transaction that would
create a possible conflict of interest and could adversely affect the exercise of this Firm's
professional judgment on your behalf in case of a dispute between the parties. A potential conflict
of interest would arise if this Firm represented the seller, the real estate agent or the lender, or has
represented these parties on a continuing basis in the past.
3. This Firm has not previously represented the seller on a continuing basis, nor do we represent the
seller in this transaction unless we have disclosed this to you previously. In connection with
representing you in this transaction, we will also be representing your mortgage lender to the
extent that we certify to the lender that its mortgage will be a first lien on your property. It is
likely that this Firm has represented the lender in that respect in other residential real estate
transactions in the past. This Firm does not represent any real estate broker or agent in connection
with this particular transaction. However, one of the agents or offices involved in the transaction
may have referred this Firm business in the past.
If you have any questions concerning the above disclosure, please contact me immediately so that we may
discuss your concerns.
YOU WILL NEED IDENTIFICATION AT SETTLEMENT

Federal law requires law firms receiving borrowed funds in connection with the closing of real estate
transactions verify the identity of the borrowers. As a result, you will be required to provide us with
government issued identification that includes a photograph. Accordingly, you must bring a valid driver’s
license or passport with you when you attend settlement.
RESPOND QUICKLY TO MORTGAGE LENDER REQUESTS

Please provide all information requested by your mortgage lender as promptly as possible. Delays in
providing the mortgage company with information or documentation will only delay your mortgage
approval and/or final settlement.
HOMEOWNERS INSURANCE
You must arrange with your insurance agent for a homeowner’s insurance policy to insure your dwelling
against fire and other risks, and also to provide liability coverage. Provide your agent with the name and
telephone number of this firm and your mortgage company. Please ask your insurance agent to fax a copy
of the insurance binder or declarations page to our office as soon as it is prepared, along with an invoice.
Some mortgage companies require that the insurance policy be paid in advance. Check with your
mortgage lender regarding their requirements. If you choose to pay the premium amount prior to
settlement, please let us know and provide us with a copy of your paid receipt.
UTILITIES
We will make arrangements for water, sewer, and taxes to be placed in your name as of the final
settlement date. If the property is new construction, you must discuss water and sewer hook-ups with the
builder. Note that you are responsible for making arrangements to have the electricity, gas, telephone,
cable television and other related utilities placed in your name.
SURVEY/MORTGAGE INSPECTION PLAN

If you are obtaining a mortgage in connection with the transaction, your mortgage lender will probably
require you to obtain a mortgage survey of the property. The survey depicts the size of your lot, shows
where the house is located on the lot, and tells us if there are any encroachments on the property. The
cost of the survey will be approximately $200.00 to $260.00 depending on the survey company and the
size of the lot.
WOOD DESTROYING INSECT REPORT

The most recent version of the New Castle County Board of Realtors Agreement of Sale requires that the
buyer make arrangements for a WDI inspection of the home and pay the cost of that inspection. If you
have a Realtor, confirm that the wood destroying insect report will be obtained by the date set forth in the
Agreement of Sale. Also, be sure that you are apprised of the results of this inspection and ask that a copy
of the report be sent to our office. If you do not have a Realtor, you will need to deal directly with the
seller and the WDI company to arrange for the inspection. If WDI infestation is found, the property
should be treated. If damage is found, a structural certification is usually required to verify that the WDI
damage does not affect the structural integrity of the dwelling.
FINAL INSPECTION
You should re-inspect the property one or two days before settlement to confirm that it is in the same
condition it was in at the time you signed the sales contract. If there are realtors involved, they will
coordinate the inspection. If you do not have a Realtor, you should make arrangements directly with the
seller. If there are any changes in the condition of the property or other problems, please call us
immediately so that we can try to resolve the issue before final settlement.
HOW MUCH MONEY WILL I NEED AT FINAL SETTLEMENT?
This is always one of the biggest concerns for a homebuyer. Our office will prepare a settlement sheet that
will show you what you owe at the time of settlement. We cannot compute the final figures, however,
until we receive information from your mortgage company regarding the loan amount, points, and any
other lender charges. Unfortunately, we typically do not receive final figures until the day before
settlement. As soon as we receive this information, we will finalize the settlement sheet and tell you how
much money you will need to bring to closing. In the meantime, you must rely on the estimate of closing
costs given to you by the mortgage company and the draft information available on line. If you provide
us with the good faith estimate you received from your lender, we will enter the draft numbers so you can
review them on line.
IF YOU ARE PAYING MORE THAN $10,000 AT SETTLEMENT, A CERTIFIED

CHECK, TREASURER’S CHECK, BANK CHECK, CASHIER’S CHECK, OR WIRED
FUNDS REQUIRED.
Delaware regulations require that a check for more than $10,000.00 must be a certified check,
treasurer’s check, bank check, cashier’s check or wired funds. We realize that this places an
additional burden on you prior to settlement, but we have no control over this requirement. If settlement
is approaching and you have not received a final figure, we suggest that you get a certified check in the
amount specified by the good faith estimate you received from your mortgage company. If you owe less
money at settlement, we will issue a check to you in the amount of the excess funds. If you owe more
than the amount on the good faith estimate, you can write a personal check for up to $10,000. The
certified check, treasurer’s check, bank check or cashier’s check should be made payable to “Ward &
Taylor”. If you wish to wire money, please contact our office for wiring instructions.
WHAT DOES THE LAWYER DO?

Our firm will arrange for a title search of the property to ensure that you are receiving clear title to the
property and that all outstanding mortgages, liens and judgments will be satisfied at the time of final
settlement. We will also arrange for a Mortgage Inspection Plan of the property, if required by your
mortgage company. This will confirm compliance with applicable zoning regulations and also establish
that there are no encroachments involving your property. We will take the information from the title
search and survey, and arrange for the issuance of title insurance. After receiving the final figures from
the mortgage company, we will prepare the settlement sheet and other documents which will list all
charges related to the transaction. At settlement, we will review the settlement sheet with you and
disburse funds pursuant to the settlement sheet. We will then record your original deed, mortgage, and
any other applicable documents required for recording. We are also available for follow-up as needed.
Note, however, that legal services regarding matters that arise after settlement (a dispute between you and
the seller, for example) are not included as part of the attorney’s fee paid at final settlement and will incur
additional charges.
TITLE INSURANCE/ Possible Rate Reduction
Title insurance insures against hidden problems with the title to your property. Although a title search is
made of the public records, there can be problems that will not show up in the public records. Lender’s
coverage will be required by your mortgage company and we will obtain Owner’s coverage to protect you
as well. You may be entitled to reduced title insurance rates if you can provide us with a copy of your
Seller’s title insurance policy, marked up title commitment, or the settlement sheet from when they
purchased or refinanced the property. This must be obtained from the Seller. Eligibility for this reduction
depends on the date and the amount of the prior transaction. We need to have the above documentation
before settlement so we can calculate the reduction, if any.
In making your decision regarding the purchase of owner's title insurance, it is important that you realize
that a portion of the attorney's fees, which you will pay at settlement, pays for a thorough review of the
title search of the property. However, the title search which I will review applies only to the record title
and would not discover such defects in the chain of title as forgery, unpaid bills for labor and material,
missing heirs, untruthful statements on the record concerning marital status, or competency questions.
Owner's title insurance would protect you against these claims and would also pay your legal fees even if
these claims do not have any merit.
In addition, you must also understand that the mortgagee's title insurance, which you will purchase for the
lender only, protects the lender's interests. Thus, if a title defect exists which I could not have found in
my search, then the title company will pay the lender the amount of the mortgage. Unfortunately, in that
instance, you would lose your house and have to continue making your mortgage payments directly to the
title company. This risk will be avoided if you purchase owner's title insurance.
As you can see, title insurance is fairly complicated and I would like to discuss it with you further. It is
our Firm's recommendation that you obtain owner's title insurance in addition to the mortgagee's title
insurance. I will tell you, however, that lawyers act as agents for title insurance companies and therefore
our Firm receives a portion of the title premium. This premium is paid only at settlement and covers you
as long as you own the property.
ESTIMATED CHARGES
Estimates of the charges you will be assessed at settlement for Ward & Taylor services are listed below.
We are committed to providing the highest quality service to our clients at competitive prices.
Attorney Fee $395
Property Survey $200 to $260
Property Survey is optional for a cash closing and not required for condominiums. Please
call your paralegal to discuss the benefits of having a survey ordered if you are purchasing with
cash.
Other Services:
Title Search $100
Courier Fee $ 25
DIRECTIONS TO WARD & TAYLOR, LLC
2710 Centerville Road, Suite 200
Wilmington, DE 19808
I-95 North
From: I-95N, take exit #5 for Route 141N
Take Route 141N to Exit 5, Boxwood Road
Stay straight on Centerville Road, we are 2 ½ miles up on right
(We are in the 2 story red brick building, on the 2nd floor)
I-95 South
From: I-95S, take exit #5 for Route 141N
From Concorde Pike, Route 202

Astra Zeneca is your landmark on 202
Turn onto Route 141S, follow to Lancaster Pike (route 48W)
Make a right on Route 48W,
At the first light, turn left onto Centerville Road
On Centerville Road, travel ½ mile to building on the left.
From Kirkwood Highway, Route 2

Take Route 141N Fairfax
Follow 141N to Lancaster Pike (route 48W)
Make a left on Route 48W,
On Centerville Road, travel ½ mile to building on the left
(302) 225-3350
August 25, 2008
Seller
Address
Wilmington, DE
RE: Sale of Property Address

Buyer(s): Buyer
Our File No.: 2008-XXXX
Dear Seller:
We represent the purchaser of your property and we are in the process of preparing for
settlement and need your assistance.
So that we may obtain accurate payoff information on the liens against your property, we
would appreciate if you would give us the following information for each of the liens against your
property: 1) to whom you make your payment; 2) the address where you send the payment; 3)
customer service telephone number and 4) your account number.
Please return this information as soon as possible, either by mail or by fax. Please do not
hesitate to call should you have any questions. Thank you, in advance, for your cooperation and
assistance in this matter.
Sincerely yours,
Enclosures
FAX TO: PARALEGAL’S NAME, Real Estate Paralegal - 302-225-XXXX Our File:2008-
XXXX
INFORMATION NEEDED TO COMPLETE FORMS 1099-SFOR REPORTING REAL ESTATE TRANSACTIONS
You are required by law to provide Ward & Taylor, LLC with your correct taxpayer identification number. If you do not
provide Ward & Taylor, LLC with your correct taxpayer identification number, you may be subject to civil or criminal
penalties imposed by law.
1. Full Legal Name(s) of Seller:

Seller

Home: ________________________
Work: ________________________________/ ______________________________________
Cell/other:_____________________________/_______________________________________
E-mail Address:_______________________________________________________________
The following are exempt from reporting:

Corporation/LLC/Partnership
Government
Refinancing
3. FORWARDING ADDRESS AFTER CLOSING (very important for 1099-s forms):

___________________________________________
___________________________________________
4. Property being sold:

Property Address
Wilmington, DE
5. Type of real estate: __________Principal Residence _________ Investment ______ Other
6. Seller Social Security Number(s):

____________________________(his)
____________________________(her)
7. Maintenance/Homeowners Association Information:
Amount of Association Dues: _________________________________________

Period Covered (Mth/Yr to (Mth/Yr)____________________________________
To be paid at closing? _____
**Representative Name and Phone Number: ____________________________________**
8. Total Real Estate Commission: __________%
9. Water Company: Artesian _______ United Water __________ Other _____________________
If City of Wilmington, then Water Meter Reading needed as soon as possible. Reading: #___________
9. Septic? ____Yes____No Well? ____Yes____No Fuel Oil Heat? ____Yes____No

(Note: Your agent is responsible for providing in a timely manner an oil reading to this office so you
may be reimbursed at settlement.)
10. Any additional costs that need to be paid at settlement (i.e. Homeowners Warranty/Termite Treatment):
________________________________________________________________________________________
Under penalties of perjury, I certify that the number shown on this statement is my correct taxpayer
identification number. I authorize Ward & Taylor, LLC to request and receive all mortgage payoff information
associated with the sale of this property. If multiple owners - List percentage of ownership allocable share of
proceeds)
________________________________________________________________Date:_______________
________________________________________________________________Date:_______________
CURRENT MORTGAGES, HOME EQUITY LOANS & OTHER LIEN PAYMENT
INFORMATION
1. To whom payment is made:
2. Where payment is sent:
3. Account number:
4. Contact person if any:
5. Telephone Number:
-------------------------------------------------------------------------------------------------------------------------
3. Account number:
-------------------------------------------------------------------------------------------------------------------------
3. Account number:
I-95 North
I-95 South
From Concorde Pike, Route 202

From Kirkwood Highway, Route 2

(302) 225-3350
August 25, 2008
Buyer
Current Address
Wilmington, DE
RE: Refinance of Property Address

Our File No.: 2008-XXXX
Dear Buyer:
Thank you for choosing the law offices of Ward & Taylor, LLC, to handle your real
estate settlement. We appreciate having the opportunity to work with you. Your closing agent
for this transaction will be Paralegal’s name. You can contact your closing agent directly at
302-225-XXXX, or you can fax over information to 302-225-XXXX, or her e-mail address is
name@wardtaylor.com.
The attached Refinance Information Sheet should be filled out and faxed or mailed to
our office as soon as possible. We need the information to process your file.
As a leader in real estate settlements, Ward & Taylor have built a reputation for providing
the highest quality of service. This reputation is the result of our commitment to our customers,
partners, and employees. Thank you again for your business and for the opportunity to provide
you with a great service experience.
Sincerely yours,
Enclosures
FAX INFORMATION FORM TO:
PARALEGAL’S NAME – Real Estate Paralegal Direct fax 302-225-XXXX
FILE NO.: 2008-XXXX

INFORMATION NEEDED TO COMPLETE YOUR REFINANCE REAL ESTATE TRANSACTION
You are required by law to provide Ward & Taylor, LLC with your correct taxpayer identification number. If you do not
provide Ward & Taylor, LLC with your correct taxpayer identification number, you may be subject to civil or criminal
penalties imposed by law.
1. Full Legal Name(s):
BUYER
1. ____________________________________________________________________
2.____________________________________________________________________
E-mail Address: ___________________________
3. Property address that you are refinancing:
____________________________________________________________________
Is this your primary residence: ______
4. Social Security Number(s):
1. ____________________________
2. ____________________________
5. New Mortgage Company Information:
Name of Mortgage Company: ___________________________________

Loan Officer/Contact Name: ____________________________________
Contact Phone Number :________________________________________
Fax Number: ___________________________/ E-mail address: ________________________
6. Homeowner’s Insurance Information:
Name of Insurance Company ______________________________

Name of Insurance Agent _________________________________
Phone Number of Insurance Agent __________________________
Under penalties of perjury, I certify that the number shown on this statement is my correct taxpayer identification
number. I authorize Ward & Taylor, LLC, to request and receive all mortgage payoff information associated with the
refinance of this property.
____________________________________________Date:_______________
____________________________________________Date:_______________
FILE NO.: 2008-XXXX
CURRENT MORTGAGES, HOME EQUITY LOANS & OTHER LIEN PAYMENT
INFORMATION
3. Account number:
5. Customer Service Telephone Number:
-------------------------------------------------------------------------------------------------------------------------
3. Account number:
-------------------------------------------------------------------------------------------------------------------------
3. Account number:

GENERAL INFORMATION AND DISCLOSURE
The following section outlines general information related to your transaction. Note that all of
these sections may not be directly related to your settlement. If you have any questions, please
contact your closing agent via phone or email.
Under the Delaware Lawyers Code of Professional Responsibility I must disclose several items
to you prior to accepting representation of your interests in this transaction when a seller, lender,
real estate agent, or other person having any interest in the transaction referred you to me. These
disclosures include the following:
1. That you have the right to choose your own attorney to represent you throughout the
transaction regardless of any preference a seller, real estate agent, lender or other person
may have.
2. Whether or not this Firm represents any other party having an interest in the transaction
that would create a possible conflict of interest and could adversely affect the exercise of
this Firm's professional judgment on your behalf in case of a dispute between the parties.
A potential conflict of interest would arise if this Firm represented the seller, the real
estate agent or the lender, or has represented these parties on a continuing basis in the
past.
3. This Firm has not previously represented the seller on a continuing basis, nor do we
represent the seller in this transaction unless we have disclosed this to you previously. In
connection with representing you in this transaction, we will also be representing your
mortgage lender to the extent that we certify to the lender that its mortgage will be a first
lien on your property. It is likely that this Firm has represented the lender in that respect
in other residential real estate transactions in the past. This Firm does not represent any
real estate broker or agent in connection with this particular transaction. However, one of
the agents or offices involved in the transaction may have referred this Firm business in
the past.
If you have any questions concerning the above disclosure, please contact me immediately so
that we may discuss your concerns.
YOU WILL NEED IDENTIFICATION AT SETTLEMENT

Federal law requires law firms receiving borrowed funds in connection with the closing of real
estate transactions verify the identity of the borrowers. As a result, you will be required to
provide us with government issued identification that includes a photograph. Accordingly, you
must bring a valid driver’s license or passport with you when you attend settlement.
RESPOND QUICKLY TO MORTGAGE LENDER REQUESTS

Please provide all information requested by your mortgage lender as promptly as possible.
Delays in providing the mortgage company with information or documentation will only delay
your mortgage approval and/or final settlement.
HOMEOWNERS INSURANCE
You must arrange with your insurance agent for your homeowner’s insurance policy to reflect
the name of your new lender. Please let us know the name of your homeowner’s insurance
agent so that we may contact him or her and arrange for the necessary insurance forms for
closing.
SURVEY/MORTGAGE INSPECTION PLAN
You do not need a new survey for a refinance settlement. Most mortgage lenders do not require
it; however, our office will prepare a survey affidavit that you must sign at closing.
DO I NEED MONEY AT SETTLEMENT?

This is always one of the biggest concerns for someone who is refinancing their home. Our
office will prepare a settlement sheet that will show you what you owe at the time of settlement
or if you are going to receive monies back. We cannot compute the final figures, however, until
we receive information from your mortgage company regarding the loan amount, points, and any
other lender charges, as well as your current loan payoff(s). Unfortunately, we typically do not
receive the final figures from your mortgage company until the day before settlement. As soon
as we receive this information, we will finalize the settlement sheet and tell you how much
money you will need to bring to closing. In the meantime, you must rely on the estimate of
closing costs given to you by the mortgage company and the draft information available on-line.
If you provide us with the good faith estimate you received from your lender, we will enter the
draft numbers so you can review them on-line.
IF YOU ARE PAYING MORE THAN $10,000 AT SETTLEMENT, A CERTIFIED

CHECK, TREASURER’S CHECK, BANK CHECK, CASHIER’S CHECK, OR WIRED
FUNDS REQUIRED.
Delaware regulations require that a check for more than $10,000.00 must be a certified
check, treasurer’s check, bank check, cashier’s check or wired funds. We realize that this
places an additional burden on you prior to settlement, but we have no control over this
requirement. If settlement is approaching and you have not received a final figure, we suggest
that you get a certified check in the amount specified by the good faith estimate you received
from your mortgage company. If you owe less money at settlement, we will issue a check to you
in the amount of the excess funds. If you owe more than the amount on the good faith estimate,
you can write a personal check for up to $10,000. The certified check, treasurer’s check, bank
check or cashier’s check should be made payable to “Ward & Taylor, LLC”. If you wish to wire
money to an account, please contact our office for wiring instructions.
WHAT DOES THE LAWYER DO?

Our firm will arrange for a title search of the property to ensure that you are receiving clear title
to the property and that all outstanding mortgages, liens and judgments will be satisfied at the
time of final settlement. We will take the information from the title search and arrange for the
issuance of title insurance. After receiving the final figures from the mortgage company, we will
prepare the settlement sheet and other documents which will list all charges related to the
transaction. At settlement, we will review the settlement sheet with you and disburse funds
pursuant to the settlement sheet. We will then record your original mortgage, and any other
applicable documents required for recording.
TITLE INSURANCE/ POSSIBLE RATE REDUCTION
Title insurance insures against hidden problems with the title to your property. Although a title
search is made of the public records, there can be problems that will not show up in the public
records. Lender’s coverage will be required by your mortgage company. You may be entitled to
a reduction in the title insurance rates depending on when you purchased the property or last
refinanced your mortgage. Eligibility for this reduction depends on the date and the amount of
the prior transaction. We will talk with you prior to settlement to see if you qualify for the
reduced rates. We act as agents for title insurance companies and therefore, our Firm does
receive a portion of the title premium which the lender will require.
I-95 North
I-95 South
From Concord Pike – Route 202

From Kirkwood Highway – Route 2

(302) 225-3350
Fax: (302) 225-1214
August 25, 2008
Buyer
Address
Wilmington, DE
RE: Purchase of Property Address

Our File: 2008-XXXX
Dear Buyer:
You have asked Ward & Taylor, LLC (the “Firm”) to represent you in connection with your purchase
of the above-referenced property and we are excited to represent you. We received a request from Sellers
(the “Sellers”) to represent them in connection with their purchase of other real property. We would be able
to do both settlements, but under applicable Delaware ethical consideration, we need to inform you that our
representation of you and the Sellers constitutes a conflict of interest. In order for our firm to represent the
Sellers when they purchase other property, you would need to agree to this conflict in writing. Please
understand that if you are uncomfortable with this dual representation in any way, we will not represent the
Sellers, but will continue in our representation of you. In addition to the foregoing, you are further advised
that in the event that you waive the conflict and that you and the Sellers become involved in a dispute or
litigation resulting from your purchase of the Sellers’ property, then both you and the Sellers will need to
seek alternative counsel to represent you in such matters.
By countersigning this letter in the space provided below, you have agreed to waive the conflict of
interest as well as any and all actual or potential actions against this Firm for conflicts of interest that may
result from the Firm’s representation of you and the Sellers.
Sincerely,
Ward & Taylor, L.L.C.
Acknowledged and agreed this ___ day of _________, 2008.
___________________________________________
Buyer
(302) 225-3350
Fax: (302) 225-1214
August 25, 2008
Seller
Address
Wilmington, DE
RE: Sale of Property Address

Our File: 2008-XXXX
Dear Seller:
You have asked Ward & Taylor LLC (the “Firm”) to represent you in connection with your purchase
of the above-referenced property. Please be advised that our Firm is also representing Buyer (the “Buyer”),
in connection with the purchase of your real property at Address, Wilmington, DE.
You are hereby advised that our representation of you in connection with these transactions
constitutes an actual or potential conflict of interest due to our representation of Buyer. You are also advised
of your right to select alternative counsel to represent you in these transactions and in your execution of this
conflict waiver letter. In addition to the foregoing, you are further advised that in the event that you and
Buyer become involved in a dispute or litigation resulting from this transaction, then both you and Buyer
will need to seek alternative counsel to represent you in such matters.
By countersigning this letter in the space provided below, you have agreed to engage our Firm to
represent you in your purchase of the above-referenced property, and to waive any an all actual or potential
actions against this Firm for conflicts of interest that may result from the Firm’s representation of you and
Buyer.
Sincerely,
Ward & Taylor, L.L.C.
Acknowledged and agreed this ___ day of _________, 2008.
Seller
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AGREEMENT OF SALE for DELAWARE RESIDENTIAL PROPERTY
This is a legally binding agreement; if not understood, seek competent legal advice prior to signing.
THIS FORM IS DESIGNED AND INTENDED FOR THE SALE AND PURCHASE OF RESIDENTIAL REAL ESTATE LOCATED
IN THE STATE OF DELAWARE
1. PARTIES.
SELLER: ________________________________________________________________________________________
Address:____________________________________________________________________________________________
BUYER: _________________________________________________________________________________________
Address:____________________________________________________________________________________________
2. PROPERTY. Buyer hereby agrees to purchase from Seller and Seller agrees to convey to Buyer that Property identified as
TAX PARCEL # ___________________________________________________________________________
being situated in ______________________________County, Delaware and further identified as:
_________________________________________________________________________________
_________________________________________________________________________________
3. PAYMENT TERMS.
A. PURCHASE PRICE $_____________________
To be paid as follows:
B. DEPOSIT UPON SIGNING THIS AGREEMENT $_____________________;
In the form of Check Cash Other ___________________
C. ADDL. DEPOSIT DUE WITHIN __________ DAYS OF ACCEPTANCE $_____________________;
D. BALANCE OF PURCHASE PRICE (A minus B & C)
(Loan Balance, if any, plus remaining Down Payment) $_____________________
All sums deposited by Buyer prior to the time of final settlement shall be placed in a non-interest bearing escrow account with
Listing Broker ("Escrow Broker") unless otherwise specified in this Agreement. Any funds delivered to the Escrow Broker within
15 calendar days of settlement shall be certified funds. Funds paid by Buyer at settlement shall be in cash, certified check,
cashiers check, treasurer’s check, wire transfer or a Delaware attorney’s escrow check. Seller's net proceeds shall be paid by
check from the settling attorney's escrow account unless other arrangements are made with the attorney.
4. INCLUSIONS/ EXCLUSIONS. Unless specifically excluded by this Agreement the purchase price shall also include the
following, as and if now installed, stored in, or located on the Property: all presently existing plumbing, heating, electrical and
central air conditioning systems; and all other permanent or attached fixtures including but not limited to, all existing shutters,
awnings, wall to wall carpeting, radiator covers, cabinets, shelves, mirrors fixed in place, attic/exhaust fans, lighting and
plumbing fixtures, and landscaping. Certain other now existing items which may be considered personal property, whether
installed or stored upon the Property, are included, as follows: (If neither column is checked, item shall be considered
excluded. Should the Sellers Disclosure of Real Property Condition Report differ from the below list of included
items, the below list shall supersede):
YES NO YES NO YES NO
Oven or Range Window A/C Units #_____ Draperies/Curtains
Cooktop Smoke Detectors Drapery/Curtain rods
Wall Oven(s) #___ Fireplace Equipment Shades/Blinds
Refrigerator(s) #___ Fireplace Screen/Doors Cornices/Valances
with icemaker Electronic Air Filter Sheds/Outbuildings #____
Freezer Attic fan Playground Equipment
Dishwasher Whole house fan Wood Stove
Disposal Window Fan(s) #_____ Satellite Dish
Microwave Ceiling Fan(s) #_____ with controls & Remote(s)
Washer Central Vacuum Fuel Storage Tank(s) (owned)
Clothes Dryer with attachments Fuel Storage Tank(s) (leased)
Bathroom Vents/Fans Intercoms Security Systems (owned)
Trash Compactor Solar Equipment Security Systems (leased)
Water Conditioner (owned) Attached Antenna/Rotor Fire detecting equip (owned)
Water Conditioner (leased) Range Hood-exhaust fan Fire detecting equip (leased)
Water Filter Garage Opener(s) #_______
Water Heater with remote(s) #_______ Other Items Included/Excluded
Sump Pump Pool Equipment
Storm Windows/Doors Pool cover ______________________
Screens Hot Tub, Equipment _______________________
Furnace Humidifier with cover ______________________
Furnace De-Humidifier
Seller's Initials _____ _____ Buyer's Initials _____ _____
©Copyright 2008 by Delaware Association of REALTORS®. All Rights Reserved. Revised July 1, 2008. This form has been created exclusively for the use of the association members and
those with written permission. The use of this form for any transaction that does not involve the participation of an association member is strictly prohibited and is in violation of Federal
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ADDITIONAL INCLUSIONS
(Specify):_____________________________________________________________________________________
___________________________________________________________________________________________
___________________________________________________________________________________________
ADDITIONAL EXCLUSIONS
(Specify):_____________________________________________________________________________________
___________________________________________________________________________________________
___________________________________________________________________________________________
All property sold by this Agreement is called the “Property”. No items shall be replaced or substituted without prior written
approval of all parties.
5. RENTAL/ LEASE. The Property is is not subject to an existing rental/leasing agreement. Seller will not alter any
existing agreement nor enter into any new lease agreement without Buyer's written consent, and will assign all existing leases
and transfer security deposits to Buyer at final settlement.
6. Yes No FINANCING CONTINGENCY.
(a) Buyer’s obligation to purchase the Property shall be contingent on Buyer’s ability to obtain mortgage financing pursuant
to the terms set forth below. Each of the terms below as applicable shall be deemed essential to this financing contingency and
Buyer shall not make application for any mortgage financing the terms of which would differ or deviate from the requirements set
forth below that would be adverse to Seller’s interest without Seller’s express prior written consent. The Interest rate shall be at
the prevailing rate. Should, after Buyer makes application consistent with the terms set forth below, and has diligently and in
good faith pursued that application, any commitment for mortgage financing that may be issued deviate from one or more of
such terms, and Buyer elects not to accept the financing thus offered, or the application is denied, Buyer may, at Buyer’s sole
election, void this Agreement, in which event all deposits will be returned to buyer. The terms of mortgage financing are the
following:
Type of financing: ____________________________ Loan Amount: __________________________________
Term in years: ____________________________ Maximum loan to value ratio:_______________________
Final date for receipt of mortgage commitment (the “Commitment Date”): ______________________________________
(b) Buyer will make written application in a manner consistent with that provided for above within _____________ calendar
days of the effective date of this Agreement, and shall use their best efforts and diligently pursue such financing and promptly
file any supplemental information, papers and/or other material that may be requested or required from time to time by the
lender. If Buyer fails to make application as specified above, then Seller may declare Buyer in default of this Agreement by
tendering written notice of that election to Buyer at any time prior to Buyer making application consistent with the terms set forth
above. Should Seller elect to declare Buyer in default before such application is completed, Seller shall have available all the
remedies set forth in this Agreement.
(c) Buyer shall provide Seller, or Seller’s Designated Agent, with a copy of any loan commitment or denial within 3
calendar days of receipt. If a commitment consistent with the terms set forth above, or one that differs from those terms which is
nonetheless acceptable to Buyer, is obtained and said commitment (1) imposes financial obligations upon the Seller which the
Seller has not previously agreed to pay, and does not then agree to pay, and/or (2) is contingent upon the sale of any real or
personal property owned by Buyer, then Seller may, within 5 calendar days after receipt of a copy of the commitment, cancel
this Agreement in writing, and all deposit money shall then be returned to Buyer in accordance with provisions of this
Agreement. If such notice is not given, Seller shall be deemed to have accepted said condition(s).
(d) If a written mortgage commitment is not obtained by the Commitment Date, Seller shall from that time forward have the
right to void this Agreement by tendering written notice of that election to Buyer or Buyer’s Designated Agent provided, however,
that if written mortgage commitment is received after the Commitment Date and prior to any such written notice of termination,
then this Agreement shall remain in full force and effect, and Seller’s right to void this Agreement for failure to meet the
Commitment Date shall be deemed waived. If Seller elects to terminate as set forth in this paragraph, and Buyer is not then
otherwise in default of the terms of this Agreement, all deposit money shall be returned to Buyer in accordance with the terms of
this Agreement. If Buyer at that time claims that the mortgage application resulted in a denial of that application, and has not
provided a copy of that denial in a timely fashion as set forth in paragraph (c) above, the failure to provide a copy of that denial
as required herein shall be deemed a default by the Buyer.
7. SETTLEMENT. Unless otherwise mutually agreed, final settlement shall be held in ___________ County, Delaware
on__________________________________, or before if mutually agreed upon, at which time possession shall
be given and Seller shall deliver all keys in Seller’s possession or under Seller’s control. It is expressly agreed if a longer time is
necessary to secure a survey, or to prepare the necessary legal and financial settlement documents, the date of settlement shall
be extended for a reasonable time to effect these conditions.

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8. TIME IS OF THE ESSENCE. Other than those limited conditions related to settlement as noted in Paragraph 7 above, time
is of the essence in this Agreement. Time is of the essence means that the dates and time frames agreed by the parties must
be met. Failure to meet stated dates or time frames may result in waiver of contractual rights or default under the terms of this
Agreement.
9. CONVEYANCE. The Seller acknowledges that the Property is to be conveyed (check one) IN FEE SIMPLE; CO-OP
OWNERSHIP; or LEASEHOLD SUBJECT TO AN ANNUAL GROUND RENT, presently in the amount of $ ______
10. DISBURSEMENT OF DEPOSITS. The parties to this Agreement agree that deposit monies held on account as specified
herein shall only be disbursed under one of the following conditions:
A. Upon final settlement hereunder; OR
B. Upon a release being signed by all parties to the transaction authorizing disposition of these funds; OR
C. Upon the filing of an interpleader action in the proper court, thereby causing these funds to be deposited with the
court; OR
D. At such time as one of the parties to the transaction files suit and the court orders the disbursement of these funds.
Buyer and Seller agree that upon payment of deposit monies into court, neither Buyer nor Seller shall have any further right,
claim, demand or action against Escrow Broker regarding the return or disposition of the deposit monies.
11. TRANSFER TAXES; PRO-RATIONS; HEATING FUEL. Applicable transfer taxes, transfer fees, and/or motor vehicle
document fees shall be paid one-half by Buyer and one-half by Seller, except that any exemptions shall benefit only the exempt
party. Taxes, special assessments, ground rent, water, sewer, electric and other lienable charges imposed by the State of
Delaware, any political subdivision thereof, any school district, neighborhood association and/or condominium common
expenses shall be apportioned pro-rata at the time of final settlement, as shall the rents and pre-paid operating expenses if
Property is sold subject to a lease, and all security deposits shall be delivered to Buyer at time of settlement. Buyer shall pay
Seller at settlement for any heating fuel purchased by Seller and left on Property. Buyer is advised that some propane tanks
located on residential properties are leased and ownership of the tank may not be transferred to Buyer as part of this
agreement.
Seller Buyer shall pay for deed preparation. Buyer shall pay all other customary settlement charges and lending costs
including survey.
12. TITLE. Title is to be good and marketable either fee simple absolute conveyed by Deed of Special Warranty or Lease-hold
Estate conveyed by assignment of the existing lease, as applicable, insurable for both owners and lenders coverage at regular
rates by a title insurer duly licensed to issue title insurance in the State of Delaware, clear of any liens and encumbrances,
except restrictions of record and existing easements generally applicable to properties in the immediate neighborhood or the
subdivision in which the Property is located. Title shall also be delivered without encroachments or violations of restrictions,
zoning or subdivision regulations unless disclosed by Seller on the Seller’s Disclosure of Real Property Condition Report. If title
objections are raised, Seller shall have 30 days from the date Seller is notified to cure the same, and the settlement date shall
be extended accordingly. If objections are not satisfied by the extended settlement date, this Agreement shall terminate and all
deposit monies shall be refunded to Buyer and all reasonable legal, loan, survey, and inspection fees incurred by Buyer will be
paid by Seller, unless Buyer elects to waive the unsatisfied objections and complete the purchase. Seller may use the purchase
price payable to Seller at settlement to discharge liens and encumbrances of record in fixed and ascertainable amounts.
13. NOTICE/DELIVERY OF DOCUMENTS. In this paragraph, the word “Agreement” includes offers, counteroffers, addenda or
any other notice or agreement between the parties. All agreements shall be in writing. Verbal or written communication
between the parties or the parties’ Designated Agents that this Agreement has been signed and ratified shall be binding on all
parties and such verbal notice shall constitute delivery. Written communication shall be effective when sent. A facsimile,
electronic record with electronic signature or photocopy of a signed Agreement shall constitute an original. Buyer or Seller, if
there be more than one, expressly agree that notice to one shall be notice to all.
14. NO RECORDING. This Agreement shall not be recorded or filed in any place of public record. If Buyer does record this
Agreement, or permit this Agreement to be recorded, Seller may elect to treat such act as a default and have all the remedies
provided herein.
15. FAIR HOUSING. All Parties agree to comply with all Fair Housing and Civil Rights laws in the purchase and sale of the
Property and further agree specifically not to discriminate against any person because of RACE, COLOR, NATIONAL ORIGIN,
RELIGION, CREED, SEX, MARITAL STATUS, FAMILIAL STATUS, AGE, and OR HANDICAP/DISABILITY.
16. FIRPTA. Section 1445 of the United States Internal Revenue Code of 1986 provides that a Buyer of residential real property
located in the United States must withhold federal income taxes from the payment of the purchase price if; (a) the purchase
price exceeds three hundred thousand dollars ($300,000.00); and (b) the Seller is a foreign person. Unless otherwise stated in
an addendum attached hereto, if the purchase price is in excess of three hundred thousand dollars ($300,000.00), Seller
represents that Seller is not a nonresident alien, foreign corporation, foreign partnership, foreign trust or foreign estate (as those
are defined by the Internal Revenue Code and applicable regulations) and agrees to execute an affidavit to this effect at time of
settlement.
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17. HOMEOWNERS WARRANTY. Buyer and Seller are advised that Homeowners Warranties are available. A Homeowners
Warranty is only part of this Agreement if Buyer or Seller agrees to purchase a warranty. Buyer and Seller are advised to
request information about what is included in the warranty and what is excluded (for example, preexisting conditions) and the
amount of the deductible.
18. RISK OF LOSS. The risk of loss or damage to the Property by fire, wind storm or other casualty until settlement shall be
borne by Seller. If any part of the property is damaged or destroyed by fire or other casualty loss, Seller shall restore the same
to its previous condition as soon as reasonably possible, but in any event by settlement date. If Seller is unable to do so, Buyer
may terminate this Agreement and the deposit monies shall be refunded to Buyer in accordance with the terms of this
Agreement.
19. CONDITION OF PROPERTY; INSPECTIONS. Seller shall deliver the Property in substantially the same physical condition
as of the date of this Agreement unless repairs are agreed to as part of the inspection processes explained in paragraphs 20, 21
and 22. However, the electrical, plumbing, wastewater/septic system, well, heating, air conditioning, and any other electro-
mechanical systems, appliances and equipment included in this Agreement shall be in operating condition at time of final
settlement unless otherwise disclosed in the Seller’s Disclosure of Real Property Condition Report Form or elsewhere in this
Agreement of Sale. Seller’s responsibility for these items shall expire at the time of settlement.
Seller shall not be obligated to repair any defects fully disclosed in the Seller’s Disclosure of Real Property Condition Report
or defects otherwise accepted by Buyer in this Agreement or as a result of the inspections. However, specific actions required
by this Agreement, or agreed to by addendum resulting from the inspections, such as “repair defective electric outlet in the
kitchen,” will remain part of this Agreement.
Any failures of the Property occurring between the time of final acceptance and settlement shall be repaired by Seller, at
Seller’s expense, prior to settlement. Seller is responsible for insuring that utilities are turned on during inspections, appraisals
and pre-settlement inspection. Seller agrees to permit access to Property by any authorized appraiser, inspector or contractor as
required by the lender or by other terms of this Agreement. Property shall be "broom clean" and free of debris at time of final
settlement or occupancy (whichever occurs first).
Buyer shall have the responsibility of scheduling a pre-settlement inspection of Property within 48 hours prior to settlement to
verify that Property is in the condition required by this Agreement including conditions disclosed and accepted by Buyer
elsewhere in this Agreement or by addendum.
Except as expressly contained herein, no other warranties or representations have been made by Seller or relied upon by the
Buyer, and upon settlement all the Seller’s obligations for condition of the Property under this Agreement shall expire. It is
understood and agreed by the parties hereto the Broker(s)/Salesperson(s) assumes no responsibility for defects concerning the
physical condition of the Property described herein and all improvements thereon. Buyer represents that they have made a
satisfactory inspection of the Property and agrees to accept the Property in its present condition except as otherwise provided in
this Agreement.
20. INCLUDED CLAUSES. The following clauses are included in this Agreement only if marked "yes" or checked. They permit
Buyer to obtain an inspection of specific items. The purpose of any inspection is to independently evaluate the condition of the
items and identify major defects, if any. A major defect is any deficiency in an item that causes the item to perform in an unsafe
manner or that prevents the item from performing its intended function. Buyer must object to any major defect identified by an
inspection report by the date the report is due to Seller as listed below, or Buyer is deemed to have accepted Property with the
defect and the contingency is automatically considered to be satisfied. If this Agreement is cancelled as a result of the election
of any of the options below, all parties agree to immediately execute the proper documentation to acknowledge termination of
this Agreement of Sale. There shall then be no further obligation or liability of either party, broker or salespeople, and all monies
on deposit shall be returned to Buyer in accordance with the terms of this Agreement. Buyer and Seller agree that
Broker(s)/Agent(s) does not guarantee, and will not be held responsible for, any person or company performing the inspection or
correction of any condition pursuant to the terms of this Agreement and will not be responsible for the selection of any person or
company chosen to perform an inspection or correct any condition.
PROCEDURES FOR INCLUDED CLAUSES 20a THROUGH 20d
The following contingencies become part of this Agreement only if marked yes or checked. Each included contingency is
subject to the terms and remedies described herein.
20a. _______On-Site Wastewater/Septic Contingency.

Buyer may have the on-site wastewater/septic system inspected by a Class H system inspector (see list at
www.dnrec.delaware.gov) of Buyer's choice, at Buyer's expense, to verify that the on-site wastewater/septic system is in
working order with no major defects. Buyer must provide Seller with a copy of the written report describing any major
defect.
Report of major defects, if any, is due to Seller by____________________________________________________ (date).
20b. ________ Well Water Contingency.
Buyer may have the water inspected by a water testing company of Buyer's choice, at Buyer's expense, to verify that the
well is in working order with no major defects, and there is an absence of total coliform bacteria, and meets EPA standards
for nitrate, chloride, and lead. Buyer must provide Seller with a copy of the written report describing any major defect.
Report of major defects, if any, due to Seller by ______________________________________________________ (date)
20c. ________ Radon Contingency.

Buyer may have Property inspected by a registered radon service company of Buyer's choice, at Buyer's expense, to
verify that the average radon level is less than 4 picocuries/liter. Buyer must provide Seller with a copy of the written report
containing any evidence of higher radon levels than herein stated.
Report of major defects, if any, due to Seller by _____________________________________________________(date).
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20d. ________ Swimming Pool Contingency.
Buyer may have the swimming pool inspected by a pool maintenance company of Buyer's choice, at Buyer's expense, to
verify that the pool & equipment are in working order with no major defects. Buyer must provide Seller with a copy of the
written report describing any major defect.
Report of major defects, if any, is due to Seller by ___________________________________________________(date).
SELLER’S DUTIES. If Buyer provides timely written notice of a major defect of the above selected items, then Seller shall notify
Buyer, within 5 calendar days of Seller's receipt of Buyer's notice, whether Seller (a): intends to correct the major defect(s) at
Seller's sole cost prior to settlement, (b): refuses to correct any of the major defects, or (c): offers to negotiate with Buyer about
the major defects with such negotiations to be completed within 5 additional calendar days. If the negotiations are not completed
in the time specified above or Seller fails to provide written notification, then this shall mean that Seller has refused to correct the
major defect.
BUYER'S DUTIES. If Seller has refused to correct the major defect or a negotiated agreement to correct major defects is not
agreed to, then Buyer must notify Seller in writing within 5 calendar days of receiving Seller's notice whether Buyer will (a):
accept Property with the defect and no reduction of price or (b): declare the Agreement null and void with all deposit money
being returned to Buyer. Buyer's failure to provide written notice shall result in this Agreement becoming null and void and all
deposit money shall be returned to Buyer in accordance with the terms of this Agreement.
21. Yes No HOME INSPECTION CONTINGENCY. (If neither is checked, this contingency is waived).
Written report of major defects, any subsequent inspections, and request for repairs, if any, due to Seller by
______________________________________ (date).
Written response from Seller due to Buyer by ___________________________________ (date).
Written negotiations (if any) to be completed by__________________________________ (date).
Other systems or items to be inspected by the home inspection company___________________________________________
If Buyer is not purchasing a newly constructed home, and the Property may have minor problems associated with a previously
owned property. A major defect is any deficiency that causes an item to perform in an unsafe manner or that prevents the item
from performing its intended function. The inspection shall be limited to the house, attached or detached garage(s), and
improvements attached to the house or garage(s) and the electrical, plumbing, wastewater/septic system, well, heating, air
conditioning, and any other electro-mechanical systems, appliances and equipment included in this sale.
If “Yes” is indicated above, this Agreement is contingent upon Buyer obtaining a home inspection of the Property and written
report (the Inspection), by a home inspection company and/or by a licensed contractor/professional of Buyer’s choice at Buyer’s
expense. If Buyer does not choose to obtain an Inspection, or if major defects are not reported to the Seller by date specified,
then Buyer has waived the Home Inspection contingency.
If the home inspection or any subsequent inspection discovers major defects, Buyer shall provide Seller with a written request
for repairs and a copy of the relevant portions of the inspection report. Any subsequent inspections necessitated by the initial
inspection shall be at the direction and expense of Buyer, (unless requested by Seller for negotiations which shall then be at the
direction and expense of Seller), performed by a licensed contractor/professional, and completed within the time frames
provided herein. The Broker(s) shall not be responsible for determining the necessity of additional inspections. Buyer and Seller
agree that Broker(s) does not guarantee, and will not be held responsible for, any person or company performing the inspection
or correction of any condition pursuant to the terms of this Agreement and shall not be responsible for the selection of any
person or company chosen to perform an inspection or correct any condition.
The request for repairs must be made by the deadline specified. Seller shall then, in writing:
(a) Agree to correct any major defects at Seller’s sole cost by a licensed contractor/professional. Such work shall be
completed at least two days prior to settlement and written proof of completion shall be supplied to buyers; OR
(b) Refuse to correct the major defects; OR
(c) Enter into a mutually agreeable written agreement with Buyer providing for particular repairs to the Property and/or
credit to Buyer at Settlement if this is acceptable to the mortgage lender.
If the Seller refuses to correct the major defects, fails to respond in writing to Buyer’s request, or an agreement about such
repairs is not negotiated, then Buyer may notify Seller in writing, no later than one day after the date written negotiations are to
be completed as specified above, of Buyer’s intent to purchase the Property in its present condition or this Agreement shall be
null and void and all deposit money shall be returned to Buyer in accordance with the terms of this Agreement.
It is understood that general statements as to the condition of the Property contained in this Agreement, such as “electrical
system shall be in working order at the time of settlement,” will not obligate Seller to repair items noted in the Home Inspection
Report unless Seller agrees to make repairs according to the terms of the Home Inspection paragraph.
Seller will have all items and systems covered by this Inspection operative at the time of inspection (including fuels). Seller shall
not be obligated to repair any defects fully disclosed in the Seller’s Disclosure of Real Property Condition Report or defects
otherwise accepted by Buyer in this Agreement. However, specific actions required by this Agreement, such as “repair defective
electric outlet in the kitchen,” will remain part of this Agreement.
22. Yes No WOOD DESTROYING INSECT INSPECTION REPORT.
Buyer shall procure, at Buyer's expense (unless prohibited by the type of mortgage financing, in which case it shall be procured
by the Buyer at Seller’s expense), a wood destroying insect inspection report (WDI) from a company holding a Pesticide
Business License or an individual licensed by the Department of Agriculture as a Commercial Pesticide Applicator (Restricted
Use) Category 7B Wood Destroying Pest Control (WDI Inspector).
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The inspection shall include the house, attached or detached garage, and improvements attached to the house or garage, but
not other detached items on the Property, such as (but not limited to) sheds, fences, wood piles, mulch beds, etc., unless such
items are specifically listed herein. Buyer shall deliver to Seller a copy of the WDI report no later than
__________________________________________________ (date).
(a) If there is no active infestation, prior infestation, prior treatment or damage from infestation, then no further action is
needed by either party.
(b) If the report indicates that there is any active infestation, prior infestation, prior treatment or damage from infestation,
then Buyer may obtain an inspection to determine if the structural integrity of the property has been impaired and provide an
estimate for treatment and repairs. The party who pays for the pest inspection shall pay for the structural inspection (“the first
structural report”) and estimate. If the first structural report states that the structural integrity has not been impaired, no repairs
by the Seller shall be required.
(c) If the cost to treat and repair damage exceeds 10% of the Purchase Price, Buyer may declare this Agreement null and
void, in which case the deposit shall be returned to Buyer in accordance with provisions in this Agreement, and each party shall
be relieved of further liability to the other.
(d) If (c) does not apply, then Seller shall have the option of treating the infestation and having any structural impairment
corrected by licensed contractors, at Seller’s expense prior to settlement. Seller shall, within 5 calendar days, notify buyer in
writing whether or not Seller will exercise its option to do any required work. If Seller elects to do any required work, Seller shall
deliver to Buyer a written report prepared by a WDI Inspector/Licensed contractor itemizing the treatment/repairs to be made.
After the treatment/repairs have been completed, Seller shall provide Buyer with a written statement from the licensed contractor
certifying that the repairs required by the first structural report have been completed and the integrity of those areas is no longer
structurally impaired. This report shall be provided by settlement. Buyer may, at Buyer's expense, hire a representative to be at
the Property while the Seller’s contractor makes repairs. If Seller elects not to correct or fails to provide written notice within 5
calendar days, Buyer shall have the option of proceeding to settlement without reduction of the purchase price or declaring this
agreement null and void in writing and being repaid all deposit money. Written notice of Buyer's election to declare this
agreement null and void must be delivered to Seller within 5 calendar days after receiving Seller's written notice or Seller’s
failure to give written notice.
(e) If Buyer does not declare this agreement null and void, there shall be no liability of Seller for the infestation or damage,
no obligation of Seller to correct, no reduction of the purchase price, no credit to Buyer at settlement for the cost of correction or
re-inspection and Buyer shall be responsible for any correction or re-inspection required by Buyer's lender. If this paragraph
applies, Buyer purchases the Property in “as is” condition and waives all claims under this paragraph against the Seller, the
Broker(s) and Salesperson(s), for any damage to the structure by wood destroying insects.
23. ENVIRONMENTAL CONDITIONS. Buyer is hereby advised that environmental conditions may exist about which Seller
has no knowledge including but not limited to: buried fuel tanks, asbestos, radon, lead paint, and urea-formaldehyde foam
insulation. Buyer may negotiate with Seller for permission to conduct environmental testing as a term or condition of this
Agreement. Any agreement relating to environmental testing must be in writing and signed by both Buyer and Seller. Further
information can be obtained from the following agencies: United States Environmental Protection Agency, Washington DC;
Radon Health Systems Protection, Dover DE; State of Delaware Department of Health and Social Services, Dover DE; United
States Consumer Products, Safety Commission, Washington DC.
24. BUYER’S DEFAULT. If Buyer fails to deliver any payment or additional deposit, fails to make mortgage application as
specified herein, knowingly furnishes false or incomplete information to Seller, Broker or the lending institution concerning
Buyer’s legal or financial status, fails to cooperate in the processing of the mortgage loan application resulting in failure to obtain
a mortgage financing commitment, or violates or fails to perform any of the terms or conditions of this Agreement, then Seller
shall have the right and option to cancel this Agreement and to retain any deposit money as liquidated damages for such default
by Buyer, or exercise any legal or equitable right or remedy to which Seller may be entitled and in connection therewith to apply
any deposit money either on account of the Purchase Price or on account of damages, as Seller may elect.
25. SELLER’S DEFAULT. If Seller shall, for some reason not excused herein, fail or refuse to perform Seller’s obligation to
Buyer, and Buyer shall not also be in default, Buyer shall either have all monies paid herein on account of the Purchase Price,
(together with such reasonable costs incurred in preparation for settlement), refunded forthwith, whereupon all rights and
obligations herein shall cease and terminate, or Buyer shall have the right to seek any remedy and maintain any action against
Seller to which Buyer may be entitled whether at law or in equity.
26. NO REPRESENTATION. Buyer and Seller understand and acknowledge that Broker(s) are not at any time authorized to
make any representations about this Agreement or the Property other than those written in this Agreement. Broker(s), Agent(s),
Subagents and employees of Broker(s) do not assume any responsibility for the condition of the Property or for the performance
of this Agreement by any or all parties hereto. By signing this Agreement, Buyer and Seller acknowledges they have not relied
on any representations made by Broker(s) or any Agents, Subagents or employees of Broker(s), except those representations
written in this Agreement.
27. INDEMNIFICATION. In the event any dispute arises under this Agreement between Seller and Buyer resulting in Broker(s)
or any Agents, or Subagents or employees of Broker(s) being a party to any litigation, Seller or Buyer, whichever is
unsuccessful, shall indemnify and hold Broker(s), Agents, Subagents or employees of Broker(s) harmless from any liability, loss,
damage, cost, expense, and attorney fees, provided such litigation does not result in a judgment against Broker(s), Agent(s),
Subagents or employees of Broker(s) for acting improperly under this Agreement.

Copyright laws.
7
In the event a dispute arises under this Agreement between Seller and Buyer resulting in any litigation, and/or arbitration, Buyer
or Seller, whichever is unsuccessful, shall also be liable for the other parties’ court costs and attorney’s fees. Additionally,
should Buyer waive any inspections or provisions in this Agreement of Sale, either as the result of marking the item NO, failing
to mark the item YES, or not following through with an inspection, Buyer shall hold Broker(s), Agents, Subagents or employees
of Broker(s) harmless from any liability, loss, damage, cost, expense, and attorney fees resulting from Buyer’s waiver of such
provision.
28. AGENCY DISCLOSURE.

As disclosed in the Consumer Information Statement of the Delaware Real Estate Commission, the parties confirm that the
following agency relationships exist:
I. ________, Listing Broker

Seller’s Agent Dual Agent
II. ________, Designated Listing Agent

Seller’s Designated Agent Designated Dual Agent
III. __________________________________ ____, Selling Broker
Buyer’s Agent Dual Agent Seller’s Subagent
IV. ________, Designated Selling Agent

Buyer’s Designated Agent Designated Dual Agent Seller’s Subagent
V. Broker, and ______ Salesperson,

are common law agents in which case further agency disclosure is required.
29. SUCCESSION. This Agreement shall benefit and bind the parties hereto, their respective heirs, personal representatives,
successors and assigns. Buyer may not assign Buyer's interest in this Agreement without Seller's prior written consent, which
consent will not be withheld unless such assignment may adversely affect Seller.
30. BROKERAGE FEE. Buyer and Seller agree that the Broker(s)/Agent(s) was responsible for procuring this Agreement, and
agree that a brokerage fee for services rendered as specified in a separate agreement for compensation will be paid. If not
previously paid, the settlement attorney is hereby irrevocably authorized and directed to collect the brokerage fee as specified in
the separate agreement and pay the same to the Broker at final settlement as a convenience to the parties, and not as a
limitation upon Buyer’s or Seller’s liability to pay the brokerage fee.
31. ADDENDUMS.
These Addendums are only applicable if marked YES or checked. NO or a blank means you are waiving the opportunity to
include the contingency or clause. If language in this Agreement and Addendum(s) are in conflict, unless otherwise provided
herein, then the addendum(s) will supersede this Agreement.
____ _ Seller’s Disclosure of Real Property Condition Report, unless exempt by State Law. (Additional form required.)
_____ Lead Based Paint Disclosure Form, unless exempt by Federal Law (Additional form required)
_______Radon Disclosure Form, unless exempt by State law (Additional form required)
_____ Tax Deferred (1031) Exchange
_____ Buyer’s Financial Information
_____ Mortgage Letter with Credit Check
_____ FHA/VA Amendatory Language and For Your Protection: Get a Home Inspection. (Additional form required)
_____ Homeowners Warranty paid for by ____________Warranty Company______________________________________.
_____ Additional Addenda not included above_______________________________________________________________
_____ Buyer-Seller Dispute Resolution. NOTE: Pertains to New Castle County Board members only. This is not a condition or
contingency of this Agreement and requires a separate attached signed addendum and all parties must agree.
Copyright laws.
8
32. ADDITIONAL TERMS AND CONDITIONS._______________________________________________________________
______________________________________________________________________________________________________
______________________________________________________________________________________________________
______________________________________________________________________________________________________
______________________________________________________________________________________________________
33. MISCELLANEOUS. Delaware law governs this Agreement. The paragraph captions are for convenient reference only and
are not intended to limit or enlarge the substance of this Agreement. The term Broker(s) when used in this Agreement shall
include Broker of Record, Brokerage Organization, Broker Owner, Salesperson(s) and employees involved in this Agreement.
The word “Contract” is synonymous with “Agreement” when used herein.
The singular forms “Buyer” and “Seller” are used in this Agreement solely as a convenience and are intended to include all
parties who are Buyers or Sellers. Buyer and Seller agree that they have read and fully understand this Agreement, including
the Seller's Disclosure of Real Property Condition Report (if applicable), that it contains the entire agreement between them and
that they do not rely on any other written or oral representation or statement not expressly written in this Agreement, including
any statement of fact or opinion contained in any advertisement, listing agreement, multiple listing description or multiple listing
information sheet or made by Seller, any broker, salesperson, or any agent or employee of any of them. If settlement does not
take place Buyer and Seller shall each be responsible to pay for services ordered on their behalf, unless otherwise provided for
herein. The parties hereto agree to execute and deliver any other instrument(s) or document(s) that may be necessary or
convenient to carry into effect the provisions of this Agreement, and the parties agree to otherwise cooperate in good faith as
may be necessary to complete the settlement contemplated herein.
34. CHANGES. There have been changes in the form of this Agreement as copyrighted by the Delaware Association of
REALTORS® other than filling in the blanks. Yes No. If yes, describe changes.
_____________________________________________________________________________________________________
35. ENTIRE AGREEMENT. This Agreement and any addenda hereto contain the final and entire Agreement between the
parties and may not be modified or changed except by written agreement signed by all parties. The parties agree that neither
they or their Broker(s)/Agent(s) shall be bound by any terms, conditions, statements, warranties nor representations, oral or
written, not contained herein. FAILURE TO CHECK OR MARK A BOX “YES” MEANS BUYER HAS WAIVED THE RIGHT TO
INCLUDE THE CONTINGENCY OR CLAUSE AS PART OF THIS AGREEMENT.
36. FINAL ACCEPTANCE. This Agreement is not binding until signed by and delivered to all parties.
IN WITNESS WHEREOF, the parties have signed this Agreement on the date stated below, thereby showing their intent to be
bound hereby.
______________________________ ___________________________________ _______________________________

WITNESS BUYER Date & Time
______________________________ ___________________________________ _______________________________

WITNESS BUYER Date & Time
______________________________ ___________________________________ _______________________________

WITNESS SELLER Date & Time
______________________________ ___________________________________ _______________________________

WITNESS SELLER Date & Time
SELLER HEREBY REJECTS this offer as of
_____________________________ __________________________________ __________________________

WITNESS SELLER DATE AND TIME
SELLING BROKER CODE BRANCH OFFICE
OFFICE PHONE NUMBER FAX NUMBER
SALES ASSOCIATE CODE PHONE NUMBER
LISTING BROKER CODE BRANCH OFFICE
OFFICE PHONE NUMBER FAX NUMBER
SALES ASSOCIATE CODE PHONE NUMBER
Deposit received: $__________________ Cash Check # ____________ Effective/ratification date of Agreement ___________________
Copyright laws.
Closing Disclosure
Closing Information Transaction Information

Date Issued Borrower
Closing Date 09/09/16
Disbursement Date 09/09/16
Settlement Agent Schmittinger & Rodriguez, P.A.
File# Seller
Property
Sale Price 145,000,00
Summaries of Transactions Contact information

|
s
SELLER'S TRANSACTION
Dtfe^fo'Seiler at Closing Name
01 Sale Price of Property $145,000.00
Address
02 Sale Price of Any Personal Property Included in Sale
03
04
05 DE License ID
06 Contact
07 Contact DE License ID
08 Email
Adjustments for Items Paid by Seller in Advance
Phone
09 Cily/Town Taxes 09/09 to 06/30 $530.76
REAL ESTATE BROKER (S)
10 County Taxes to
Name
11 Assessments to
12 Address
13
14
15 DE License ID
16
Contact ;t _ . i
DtfeômêlTdl aEGRsIng . sol
Contact DE License ID
01 Excess Deposit
02 Closing Costs Paid at Closing (J) $10,675,71 Email
03 Exisitng Loan(s) Assumed or Taken Subject To Phone

04 Payoff of First Mortgage Loan $131,522.47 ISMSIENT AGENT H
05 Payoff of Second Mortgage Loan Name Schmittinqer & Rodriauez. P.A.
06 Address ; 414 South State Street, Dover, DE 19901
07
08 Seller Credit $1,000,00
Dover, DE 19901
09 Escrow for Final Utility $75,00
DE License ID 1989015499
10
11 Contact Crystal L. Carev
12 Contact DE License ID
13 Email ccarevtajschmittrod.com
Adjustments for Items Unpaid by Seller Phone 302-678-5480
14 City/Town Taxes to
15 County Taxes 06/01 to 09/09 $269.32
16 Assessments to
17 Questions? If you have questions about the
loan terms or costs on this form, use the contact
18 information above. To get more information
19 or make a complaint, contact the Consumer
Financial Protection Bureau at
•CALCULATION www.consumerfinance.gov/mortgage-closing
Total Due to Seller at Closing $145.530.76
Total Due from Seller at Closing -$143.542.50
Cash • From K To Seller $1,986.26
CLOSING DISCLOSURE - 09-09-2016 at 4:57 PM PAGE 1 OF 21

Closing Cost Details
Seller-Paid
Loan Costs At Closing . . . . . Q e f p r eCjosirg ,.
fk. Ominatlon Charaos I
01 % of Loan Amount (Points}
02
03
04 5
05
06
07
08 '
!S?S"e1vj6CC'KfftoweFDId,NotShopPoR-r,-~^^~-rW^=-^---.rr==—
01 to
02 to
03 to
04 to
05 to
06
07
08
:&-S8raic§§cS^ For
01 to
02 to
03 to
04 Title - FedExAMre Fee to Schmittinaer & Rodriauez $35.00
05 to
i
06 to
07 to
loe
r Other Costs
EeTêsianfr^ IS#i : 11 -J*
01 Recordina Fees Ducd. Mori

02 County Transfer Tax $1,087.50
I 03 State Transfer Tax $1,087.50
T. Pronalds
01 Homeowner's Insurance Premium ( mo.) to
02 Mortaaae Insurance Premium ( mo.)
03 Prepaid Interest ( per day from to )
04 Property Taxes ( mo.) to
I OR i
ItlfiSliiliS
01 Homeowner's Insurance per month for mo.
02 Mortaaae Insurance per month for mo. ..
03 Property Taxes per month for mo.
104 !
05 per month for mo.
06
07
08
H. Other
01 Deed Preparation to Schmittinaer & Rodriauez $200.00
02 Final Utility to City of Dover $40.71
03 Real Estate Commission to Keller Williams $3,625.00
04 Real Estate Commission to Totally Distinctive Realty $3,625.00
05 Structural Evaluation to Charles C. Mikula, P.E. $350.00
06 Subtermite Treatment $625.00
07 to
08
09
10
11
12
>J TOTAL CLOSING COSTS $10,675.71
CLOSING DISCLOSURE - 09-09-2016 at 4:57 PM PAGE 2 OF 2

. This form is a statement of final loan terms and closing costs. Compare this
Closing Disclosure document with your Loan Estimate.
Closing Information Transaction Information Loan Information

Date Issued Borrower Loan Term 30 years
Closing Date 09/09/16 Purpose Purchase
Disbursement Date 09/09/16 Product Fixed Rate
Settlement Agent Schmittinger & Rodriguez, P.A.
Loan Type • Conventional Si FHA
File# Seller
W&W • VA •
Property
Loan (D#
Sale Price $ 145,000 MIC #
Lender
Loan Terms Can this amount morcdso utU r closing7
Loan Amount $142,373 NO
Interest Rate 3.75% NO
Monthly Principal & Interest $659.35 NO

See Projected Payments below for your
Estimated Total Monthly Payment
Docs the loan havu these fcatuics7
Prepayment Penalty NO
Balloon Payment NO
Projected Payments
Piiymont Calculation Years 1-30 Years Years Years
Principal & Interest $659.35
Mortgage insurance + 98.28 + + +
Estimated Escrow +
+ 194.78 + +
Amount can increase overtime
Estimated Total
$952.41
Monthly Payment
This estimate includes In escrow?
E3 Property Taxes YES
Estimated Taxes, Insurance
1cm 7ft ^ Homeowner's Insurance YES
& Assessments
' D Other: City Taxes NO
Amount can increase over time a month '
See page 4 for details See Escrow Account on page 4 for details. You must pay for other property
costs separately
i Costs at Closing
^ Includes $ 6.900.30 in Loan Costs + $ 4,263.20 in Other Costs - $ 600.00

Closing Costs $ 10,563.50 . . . _ .. . . .,
in Lender Credits. See page 2 for details.
Includes Closing Costs. See Cash to Close on page 3 for details.

Cash to Close
23 From • To Borrower
CLOSING DISCLOSURE - 09-09-2016 at 4:57 PM PAGE 1 OF 5 B LOAN ID#

Closing Cost Details
Borrower-Paid Seller-Pdid Paid by
Loan Costs Others
AjLCIpsing.-..,.- Before .Closing.
A Origination Charges ,
01 % of Loan Amount (Points)

02 ADDlication Fee $470.00
03 Oriaination Fee $699.63
04 Underwritinq Fee $425.00
05
06
07
08
;K£i%rt(lee^B!6ftSW§KDT^Nots§hop-For , , -,-^$3346,51-.,,,
01 Aooraisal Fee to Oide City Lendina Solutions $675.00
02 Credit Report to Credit Plus $61.32
03 Rood certification to CoreLoaic Flood Services $11.50
04 Mortaaqe Insurance Premium to Housina and Urban Development $2,448.69
05 Reinsoection Fee to Olde City Lending Solutions $150.00
06
07
08
09
C^ServrcesiBolro^r Ditf^ShoDFor .-$1,959.16-
01 inspection Fee to Charles C. Mikula. P.E. $350.00
02 Title - Closina Fee to Schmittinger & Rodriguez $650.00
03 Title-CPL to Stewart Title $125.00
04 Title - FedExAA/ire Fee to Schmittinger & Rodriguez $35.00 $35.00
05 Title - Lender's title insurance to Stewart Title $524.16
06 Title-Title Binder to Schmittinger & Rodriguez $75.00
07 Title - Title Search to Schmittinger & Rodriguez $200.00
08
iDÔTAteLCAl^COSTSrBorfcwer-Paid) 6';960'F30feft®s5S#
Loan Costs Subtotals (A + B + C) $6.900.30l | |
Other Costs
»M|M}l:dl4 50
01 Recording Fees Deed: $56.00 Mortgage: $271.00 $327.00
02 County Transfer Tax $1,087.50
1
03 Slate TransforT?* $1,087.50 $1,087.50

a
Wfeuaids ©
01 Homeowner's Insurance Premi (12mo ) to Stillwater Property & Casualty $705.00
02 Mortaaqe Insurance Premium ( mo.)
03 Prepaid Interest $14.6274 perdayfrom 09/09/16 to 10/01/16) $321.80
04 Property Taxes (12 mo.) to Reciever of Taxes $974.12
05
- :
I 01 Homeowner's Insurance $58.75 per month for 5

I 02 Mortaaae Insurance 3er month for mo.
03 Property Taxes $81.11 per month for 3 mo. $243.33
04
05 CitvTaxes $54.92 per month for 5 mo. $274.60
06
07
08 Aoareaate Adjustment -$109.84
01 Deed Preparation to Schmittinger & Rodriguez $200.00

02 Final Utility to City of Dover $40.71
03 Real Estate Commission to Keller Williams $3,625.00
04 Real Estate Commission to Totally Distinctive Realty $3,625.00
05 Structural Evaluation to Charles C. Mikula. P.E. $350.00
06 Subtermite Treatment $625.00
07 Title - Owner's title insurance (optional) to Stewart Title $263.44
08
Other Costs Subtotals (E + F + G + H) $4.263.20l I I

1
! $10 563 50 !
Olnsinn Cnsts Rnhfnfals (D + h $11,163.50 $10.675.71i
Lender Credits -$600.00
CLOSING DISCLOSURE - 09-09-2016 at 4:57 PM PAGE 2 OF 5 D1

Calculating Cash to Close Use this table to see what has changed from your Loan Estimate.
Loan Estimate Final Did this chanqe?

Total Closinq Costs (J) $0 $10,563.50 NO
Closinq Costs Paid Before Closinq $0 $0.00 NO
Closing Costs Financed

(Paid from your Loan Amount) $0 $0.00 NO
Down Payment/Funds from Borrower $0 $2,627.00 NO

Deposit $0 -$1,000.00 NO
Funds for Borrower $0 $0.00 NO
Seller Credits $0 -$1,000.00 NO
Adjustments and Other Credits $0 -$4,738.56 NO
Cash to Close $0 $6,451.94
Summaries of Transactions Use this table to see a summary of your transaction.
BORROWER'S TRANSACTION SELLER'S TRANSACTION

JimMW i/LiilitSililiffleillinq
01 Sale Price of Prooertv $145,000.00 01 Sale Price of Prooertv $145,000.00
02 Sale Price of Anv Personal Prooertv Included in Sale 02 Sale Price of Anv Personal Prooertv Included in Sale
03 Closinq Costs Paid at Closinq (J) $10,563.50 03
04 04
Adjustments 05
05 06
06 07
07 08
Adjustments for Items Paid bv Seder in Advance Adjustments for Items Paid bv Seller in Advance
08 Citv/Town Taxes 09/09 to 06/30 $530.76 09 Citv/Town Taxes 09/09 to 06/30 $530.76
09 County Taxes to 10 Countv Taxes to
10 Assessments to 11 Assessments to
11 12
12 13
13 14
14 15
15 16
kRaid^lrd&dîwoFbnrBghaiK# fN^DMTr^teêlieRS^teiosmq ^S:1:43^42550
01 Deposit $1,000.00 01 Excess Deposit
02 Loan Amount $142,373.00 02 Closinq Costs Paid at Closinq (J) $10,675.71
03 Existinq Loan(s) Assumed or Taken Subject To 03 Existinq Loan(s) Assumed or Taken Subject To
04 04 Pavoff of First Mortqaqe Loan $131,522.47
05 Seller Credit $1,000.00 05 Pavoff of Second Mortqaqe Loan
Other Credits 06
06 First Front Door Grant $5,000.00 07
07 08 Seller Credit $1,000.00
Adjustments 09 Escrow for Final Utility $75.00
08 10
09 11
10 12
11 13
Adjustments for Items Unoaid bv Seller Adjustments for Items Unpaid bv Seller
12 Citv/Town Taxes to 14 Citv/Town Taxes to
13 Countv Taxes 06/01 to 09/09 $269.32 15 Countv Taxes 06/01 to 09/09 $269.32
14 Assessments to 16 Assessments to
15 17
16 18
17 19
Total Due from Borrower at Closinq (K) $156,094.26 Total Due to Seller at Closinq (M) $145,530.76
Total Paid Already bv or on Behalf of Borrower at Closinq (L1 -$149,642.32 Total Due from Seller at Closinq (N) -$143,542.50
Cash to Close KFrom • To Borrower $6,451.94 Cash • From SI To Seller $1,988.26
CLOSING DISCLOSURE - 09-09-2016 at 4:57 PM PAGE 3 OF 5 01

Additional Information About This Loan
Loan Disclosures
Assumption Escrow Account
If you sell or transfer this property to another person, your lender For now, your loan
S will allow, under certain conditions, this person to assume this (3 will have an escrow account (also called an "impound" or "trust"
loan on the original terms. account) to pay the property costs listed below. Without an escrow
• will not allow assumption of this loan on the original terms. account, you would pay them directly, possibly in one or two large
payments a year. Your lender may be liable for penalties and interest
Demand Feature for failing to make a payment
Your loan
13 has a demand feature, which permits your lender to require early jEscrow
repayment of the loan. You should review your note for details. Escrowed $2,337.36 Estimated total amount over year 1 for
• does not have a demand feature. Property costs your escrowed property costs
Over Year 1 Homeowner Insurance, Property Taxes,
Late Payment City Taxes
If your payment is more than, , days late, your lender will charge a Non-Escrowed $0.00 Estimated total amount over year 1 for
late fee of Property costs your non-escrowed property costs
Over Year 1
Negative Amortization
Under your loan terms, you You may have other property costs
3 are scheduled to make monthly payments that do not pay all of Initial Escrow $584.34 A cushion for the escrow account you
the interest due that month. As a result, your loan amount will Payment pay at closing. See section G on page 2.
increase (negatively amortize), and your loan amount will likely
become larger than your original loan amount. Increases in your Monthly Escrow $194.78 The amount included in your total
loan amount lower the equity you have in this property. Payment monthly payment.
• may have monthly payments that do not pay all of the interest
due that month. If you do, your loan amount will increase • will not have an escrow account because • you declined it • your
(negatively amortize), and, as a result, your loan amount may lender does not offer one. You must directly pay your property
become larger than your original loan amount. Increases in your costs, such as taxes and homeowners's insurance. Contact your
loan amount lower the equity you have in this property. lender to ask if your loan can have an escrow account.
• do not have a negative amortization feature. No Escrow
Estimated Estimated total amount over year 1. You
Partial Payments Property Costs must pay these costs directly, possibly
Your lender. over Yearl in one or two large payments a year.
El may accept payments that are less than the full amount due Escrow Waiver Fee
(partial payments) and apply them to your loan.
• may hold them in a separate account until you pay the rest of the In the future
payment, and then apply the full payment to your loan. Your property costs may change and, as a result, your escrow pay
• does not accept any partial payments. ment may change. You may be able to cancel your escrow account,
If this loan is sold, your new lender may have a different policy. but if you do, you must pay your property costs directly. If you fail
to pay your property taxes, your state or local governement may (1)
Security Interest impose fines and penalties or (2) place a tax lien on this property. If
You are granting a security interest in you fail to pay any of your property costs, your lender may (1) add
1409 Hopkins Ave. the amounts to your loan balance, (2) add an escrow account to your
Dover, DE 19901 loan, or (3) require you to pay for property insurance that the lender
buys on your behalf, which likely would cost more and provide fewer
You may lose this property if you do not make your payments or benefits than what you would buy on your own.
satisfy other obligations for this loan.
CLOSING DISCLOSURE - 09-09-2016 at 4:57 PM PAGE 4 OF 5 01

Loan Calculations Other Disclosures
Total of Payments. Total you will have paid after
Appraisal
you make all payments of principal, interest,
If the property was appraised for your loan, your lender is required to
mortgage insurance, and loan costs as scheduled. $244,589.12 give you a copy at no additional cost at least 3 days before closing,
if you have not yet received it, please contact your lender at the
Finance Charge. The dollar amount the ioan will information listed below.
cost you. $95,315,82
Contract Details
See your note and security instrument for information about
Amount Financed. The loan amount available after
Q what happens if you fail to make your payments,
paying your upfront finance charge. $142,051.20 Iwhat is a default on the loan,
D situations in which your lender can require early repayment of the
Annual Percentage Rate (APR). Your costs over loan, and
the loan term expressed as a rate. This is not your Q the rules for making payments before they are due.
interest rate. 3.7683%
Liability after Foreclosure
If your lender forecloses on this property and the forclosure does not
Total Interest Percentage (TIP). The total amount cover the amount of unpaid balance on this loan,
of interest that you wiil pay over the loan term as a E! state law may protect you from liability for the unpaid balance, if you
percentage of your loan amount. 66.9465% refinance or take on any additional debt on this property, you may
lose this protection and have to pay any debt remaining even after
foreclosure. You may want to consult a lawyer for more information.
D state Saw does not protect you from liability for the unpaid balance.
Loan Acceptance
Questions? If you have questions about the You do not have to accept this loan because you have received this
loan terms or costs on this form, use the contact
information below. To get more information form or signed a loan application.
or make a complaint, contact the Consumer
Financial Protection Bureau at
www.consumerfinance.gov/mortgage-closing Refinance
Refinancing this loan will depend on your future financial situation,
the property value, and market conditions. You may not be able to
refinance this loan.
Tax Deductions
if you borrow more than this property is worth, the interest on the
loan amount above this property's fair market value is not deductible
from your federal income taxes. You should consult a tax advisor for
more information.
Contact Information
Lciifli-r Mortqaqe Broker Real Estate Broker Real Estate Broker (S) Settiein< nt Aqont
Name Schmittinger &
W
Rodriquez, P.A.
Address 414 South State Street, D
Dover, DE 19901
NMLS ID 1989015499
DE License ID 1989015499
Contact Crvstal L. Carev
Contact NMLS ID MMI 0126156
Contact I
DE License ID :
Email ccarey@schmittrod.com
Phone 302-678-5480
CLOSING DISCLOSURE - 09-09-2016 at 4:57 PM PAGE 5 OF 5 D

American Land Title Association ALTA Settlement SiBtement - Combined
Adopted 05-01-2015
Schmittinger & Rodriguez, P.A.

414 South State Street, Dover, DE 19901
Dover, DE 19901
302-674-0140
File No./Escrow No.:

Print Date & Time: September 9, 2016 at 4:57 PM
Officer/Escrow Officer: Crystal L. Carey
Settlement Location: Schmittinger & Rodriguez, P.A., 414 South State Street, Dover, DE 19901
414 South State Street, Dover, DE 19901
Property Address:
Borrower:
Seller:
Lender:
Settlement Date: September 9, 2016
Disbursement Date: September 9, 2016
Seller Description Borrower/Buyer

Debit Credit Debit Credit
Financial
145,000.00 Sale Price of Prooertv 145.000.00
Deoosit includina earnest monev 1.000.00
Loan Amount 142.373.00
1.000.00 Seller Credit 1.000.00
Lender Credit 600.00
Prorations/Adiustments
530.76 Citv/Town Taxes from 09/09 to 06/30 530.76
269.32 Countv Taxes from 06/01 to 09/09 269.32
First Front Door Grant 5.000.00
75.00 Escrow for Final Utilitv
Loan Charaes to Meridian Bank

Preoaid Interest 321.80
14.6274 oer dav from 09/09/16 to 10/01/16
Other Loan Charges

Aoolication Fee 470.00
Oriaination Fee 699.63
Underwritina Fee 425.00
Aooraisal Fee Olde Citv Lendina Solutions 675.00
Credit Reoort Credit Plus 61.32
Flood certification CoreLoaic Flood Services 11.50
Mortaaae Insurance Premium Housina and Urban Development 2.448.69
Reinsoection Fee Olde Citv Lendina Solutions 150.00
Insoection Fee Charles C. Mikula. P.E. 350.00
Imnnunrifi
Homeowner's Insurance 176.25
58.75 oer month for 3 mo.
Prooertv Taxes 243.33
81.11 per month for 3 mo.
Citv Taxes 274.60
54.92 oer month for 5 mo.
Aqqreqate Adjustment -109.84
Title Charnes
Title - Lender's title insurance Stewart Title 524.16
Title - Owner's title insurance (optional) Stewart Title 263.44
Title - Closina Fee Schmittinqer & Rodriauez 650.00
Title - CPL Stewart Title 125.00
Copyright 2015 American Land Title Association File #:'

All rights reserved. Page 1 Printed on 09/09/2016 at 4:57 PM
-'v ? ^ ^ ^.• • . C ; - . h ALTASett|ementStatement- Cpmbirled - Cbntinued::
Seller Description Borrower/Buyer

Debit Credit Debit Credit
35.00 Title - FedEx/Wire Fee Schmittinaer & Rodriauez 35.00

Title - Title Binder Schmittinaer & Rodriauez 75.00
Title - Title Search Schmittinaer & Rodriauez 200.00
Commission
3.625.00 Real Estate Commission Keller Williams
3.625.00 Real Estate Commission Totailv Distinctive Realtv
Covfirnmfinf Recnrrirna and Transfer Charnes

Record Deed Recorder of Deeds 56.00
Record Trust/Deed Mortaaae Recorder of Deeds 271.00
1.087.50 Onuntv Transfer Tax Recorder of Deeds
1.087.50 State Transfer Tax Kent Countv. Delaware 1.087.50
Pavoff(s)
131.522.47 ;.Pavoff
of First Mortaaae Loan ,
as of 09/09/16
Princioal Balance $131,522.47
Other Charnes
Homeowner's Insurance Premium Stillwater Prooertv & Casualty 705.00
12 fmo.l
Prooertv Taxes Reciever of Taxes 974.12
12 fmo.1
200.00 Deed Preparation Schmittinaer & Rodriauez
40.71 Final Utility Citv of Dover
350.00 Structural Evaluation Charles C. Mikuia. P.E.
625.00 Subtermite Treatment
143.542.50 145.530.76 Subtotals 156.694.26 150.242.32

Due From Borrower 6.451.94
1.988.26 Due To Seller
145.530.76 145.530.76 TOTALS 156.694.26 156.694.26
Acknowledgement
We/1 have carefully reviewed the ALIA Settlement Statement and find it to be a true and accurate statement of all receipts and disbursements
made on my account or by me in this transaction and further certify that I have received a copy of the ALIA Settlement Statement. We/1
authorize Schmittinger & Rodriguez, P.A. to cause the funds to be disbursed in accordance with this statement.
I
Schmittinger & Rodriguez, P.A.
Copyright 2015 American Land Title Association File

All rights reserved. Page 2 Printed on 09/09/2016 at 4:57 PM

15 Expectations Real Estate Client

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15 Expectations Real Estate Client

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“Meeting the Expectations of the Client”

Real Estate Client

Barbara A. Brodoway, Esquire, Ward & Taylor LLC

University of Maryland (J.D., 1987)

JURISDICTIONS INCLUDING FEDERAL COURTS ADMITTED TO PRACTICE LAW

August 25, 2008

RE: Purchase of New Property

• Date and Time of your settlement

William E. Ward, Esq. Jonathan B. Taylor, Esq.

2. Contact Phone Number(s):

4. Buyer(s) Social Security Number(s):

Name of Mortgage Company_______________________________

6. Homeowner’s Insurance Information:

Name of Insurance Company ______________________________

7. Are you a first time homebuyer? _________ Yes _________ No

8. Is this a principal residence or investment property? ______________________

Confirmation of Representation and Disclosures

Confirmation of Representation and Disclosures

Re: Property Address

YOU WILL NEED IDENTIFICATION AT SETTLEMENT

RESPOND QUICKLY TO MORTGAGE LENDER REQUESTS

SURVEY/MORTGAGE INSPECTION PLAN

WOOD DESTROYING INSECT REPORT

IF YOU ARE PAYING MORE THAN $10,000 AT SETTLEMENT, A CERTIFIED

WHAT DOES THE LAWYER DO?

From Concorde Pike, Route 202

From Kirkwood Highway, Route 2

August 25, 2008

RE: Sale of Property Address

William E. Ward, Esq. Jonathan B. Taylor, Esq.

1. Full Legal Name(s) of Seller:

2. Contact Phone Number(s):

The following are exempt from reporting:

3. FORWARDING ADDRESS AFTER CLOSING (very important for 1099-s forms):

4. Property being sold:

5. Type of real estate: __________Principal Residence _________ Investment ______ Other

6. Seller Social Security Number(s):

7. Maintenance/Homeowners Association Information:

Amount of Association Dues: _________________________________________

8. Total Real Estate Commission: __________%

9. Water Company: Artesian _______ United Water __________ Other _____________________

9. Septic? ____Yes____No Well? ____Yes____No Fuel Oil Heat? ____Yes____No

1. To whom payment is made:

2. Where payment is sent:

4. Contact person if any:

1. To whom payment is made:

2. Where payment is sent:

4. Contact person if any:

1. To whom payment is made:

2. Where payment is sent:

4. Contact person if any:

From Concorde Pike, Route 202

From Kirkwood Highway, Route 2

August 25, 2008

RE: Refinance of Property Address

William E. Ward, Esq. Jonathan B. Taylor, Esq.

FILE NO.: 2008-XXXX

1. Full Legal Name(s):

2. Contact Phone Number(s):

E-mail Address: ___________________________

3. Property address that you are refinancing:

4. Social Security Number(s):

5. New Mortgage Company Information:

Name of Mortgage Company: ___________________________________

7. Are you a first time homebuyer? _ Yes _ No

5. Type of real estate: ______Principal Residence _ Investment __ Other

9. Water Company: Artesian _ United Water Other _________________

9. Septic? YesNo Well? YesNo Fuel Oil Heat? YesNo

Acknowledged and agreed this _ day of _______, 2008.

Acknowledged and agreed this _ day of _______, 2008.

Seller's Initials ___ _ Buyer's Initials _ ___

Term in years: ______ Maximum loan to value ratio:_

Seller's Initials ___ _ Buyer's Initials _ ___

Seller's Initials ___ _ Buyer's Initials _ ___

Seller's Initials ___ _ Buyer's Initials _ ___

Seller's Initials ___ _ Buyer's Initials _ ___

_ Homeowners Warranty paid for by Warranty Company______________________________.

_ Additional Addenda not included above___________________________________________________________

Seller's Initials ___ _ Buyer's Initials _ ___

____________ _ _______________

____________ _ _______________

____________ _ _______________

____________ _ _______________

_