|
Carmela, Jason and Jonathan Kaiser
is one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
|
|
 |
 |
 |
|
Welcome > Resources > Trivia ...We've added these real estate trivia questions for your enjoyment. And you might learn something new in the process! Have fun...
|
Q |
What has a tremendous impact on the U.S. economy, comprising between $10-$15 trillion of the nation's wealth?
|
| A |
Real Estate--it goes through cycles, but still has a long-term record of strong investment return.
|
|
|
Q |
What is the least affordable metropolitan housing market in the United States?
|
| A |
California's Los Angeles-Long Beach-Glendale is currently rated as the most expensive metro area in the nation.
|
|
|
Q |
What is the largest home in Hollywood?
|
| A |
The largest home in Hollywood is currently "The Manor" at 36,500 square feet, built by T.V. producer Aaron Spelling for $37 million.
|
|
|
Q |
What site discovered in 1965 is considered the world's oldest known habitation?
|
| A |
The Terra Amata site in Nice, France has the remains of 21 huts belonging to the Acheulian culture from 400,000 years ago.
|
|
|
Q |
What little-known folk remedy is said to help keep bats away from your home?
|
| A |
According to some rural homeowners, if you tar and feather a two-by-four board and place it in your yard, it will ward off bats!
|
|
|
 See More Real
Estate Trivia >
Please Sign Up For The Latest Listings and the Latest Real Estate News
Foreclosures >2. What Is a Bank Owned Property? When a home owner misses payments on his or her mortgage, the loan becomes default and the home or property becomes distressed. What happens next depends on an appraisal and the equity of the home. If short sale isn’t a viable option for the home owner and the lender, the foreclosure process takes over and the home or property goes up for foreclosure auction.
A bank-owned property (also referred to as a "real estate owned" or "REO" property) is one that was up for sale at a foreclosure auction but did not sell and therefore now belongs to the lender (usually a bank, but can also be any government agency or loan insurer.)
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
|
 |
|
 |
|
- NUMBER1EXPERT 
