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Real Estate TriviaEnjoy! |
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Who is "Freddie Mac", and why is he a big name in real estate? |
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"Freddie Mac" is the nickname for FHLMC, the Federal Home Loan Mortgage Corporation, which buys mortgages from lending agencies, thus allowing lenders to continually replenish funds for new mortgage loans. |
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What is arguably the world's strangest (and most dysfunctional) kitchen? |
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In 1998 the Kemper Museum of Contemporary Art in Kansas City first displayed a kitchen made entirely of 40 million colored glass beads by artist Liza Lou of Topanga, California. |
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The upper walls of what famous holy temple are lined with gold? |
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The Golden Temple in Amritsar, India is the most sacred temple and spiritual center of the Sikhs. |
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At the doors of what famous temple do you find yourself when you climb the 'Stairway to Heaven'? |
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The Temple of Heaven in Beijing, China, attracts the local faithful and tourists. |
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What is considered one of the slimmest buildings ever designed? |
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The Carnegie Hall Tower, designed by Cesar Pelli, is only 50 feet wide and 60 stories high. |
Real Estate Tips
Titles >Liens Against the Title
Occasionally homeowners who are trying to sell their home are surprised to learn that their title is encumbered by a lien. There are several types of liens; the most common are mechanic's or contractor's liens.
The lien (or debt) must be paid off in order to be cleared. If the owner prefers to challenge the lien, he can release it by posting a bond, pending adjudication. In some types of liens, a title search may disclose claims against the property by an ex-spouse or long-ago heir of a former owner. A simple "quitclaim" deed may be used in these cases. By signing the deed, the person involved signs over whatever rights he or she might have, without laying any claim to the property.
Most real estate transactions involve at least some minor unresolved issues on the part of either the buyer or the seller. This is where an experienced real estate agent can provide solutions to resolve the issues and conclude the sale.
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See All Tips In The "Titles" Category > |
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See Complete Library Of Hundreds Of Tips In 30+ Categories > |
Real Estate Trivia
| Q | What is considered the primary factor distinguishing buyers of prestigious properties from the average home buyer? |
| A | Financing doesn't worry these buyers; they often put down 40 percent or more or pay cash for a property |
| See More Real Estate Trivia > |
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