Chicago Northwest Suburbs, Barrington, Inverness, Palatine, real estate, homes for sale, luxury homes, relocation in Illinois, Cook, Lake and McHenry Counties, Suzanne and Liz Luby – The Luby Group, REALTORREALTOR® Logo
Contact Us
Visit Our Blog
Find Us on FACEBOOK
Follow Us on Twitter
Join Us on Linkedin
Join Us on Flickr
Watch Our Videos on YouTube

Featured Homes
Luby Group’s Featured Properties
Foreclosure Property Search
Barrington Homes for Sale
Inverness Homes for Sale
Palatine Homes for Sale
Real Estate Trivia
Welcome > Resources > Trivia ...

Enjoy! 

We've added these real estate trivia questions for your enjoyment. And you might learn something new in the process! Have fun... 


Q 

1992 marked the first year since before the Civil War that there were fewer than 2 million ________ in the United States?

A  There are fewer than 2 million farms, and agricultural land is still being carved up for residential and commercial uses.

Q 

Due to low business and living expenses, what areas are considered to be the fastest growing in the country?

A  According to recent studies, the Southern and Western regions of the U.S. are among the nation's strongest economies.

Q 

What document must lenders provide within three days of receiving your application for financing?

A  The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan.

Q 

What does "contingency" mean in real estate?

A  A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."

Q 

Where is the world's largest mud building?

A  The Grand Mosque in west Africa measures 328 feet long and 131 feet wide, and has been carefully maintained for centuries by local craftsmen, especially during the rainy season.

See More Real Estate Trivia >


Please Sign Up For The Latest Listings and the Latest Real Estate News 

About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State/Province:
Country:
Zip/Postal Code:
Phone:
Additional Info
Please Enter Your Comments.
Thank You For Your Feedback!
Send Latest Listings: What is this?
Send Latest News: What is this?

*Please note that fields marked with an asterisk are required.


Email With Confidence
Quick Response Guarantee >
Your Privacy Is Guaranteed >
Free & Without Obligation >


Real Estate Tips
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.)

See All Tips In The "Foreclosures" Category >
See Complete Library Of Hundreds Of Tips In 30+ Categories >


Print This Page Send To A Friend


The Luby Group, REALTOR®, real estate agent and broker for Chicago Northwest Suburbs, Barrington, Inverness and Palatine, Illinois home listings, property and land for sale - NUMBER1EXPERT

The Luby Group - Suzanne & Liz Luby - IL Licensees
Coldwell Banker

530 North Hough Street
Suite 180
Barrington, IL 60010
Suzanne: 847-922-7773
Liz: 847-691-3150
Office: 847-277-2777
Fax: 847-382-4990
Luby@TheLubyGroup.com

Suzanne and Liz Luby begin each client relationship with a simple commitment to superior service. With more than twenty years of experience in the Barrington, Inverness and Chicago Northwest Suburban markets, Suzanne and Liz Luby offer home buyers and sellers expert real estate guidance based on the highest professional and ethical standards. The Lubys believe their business is about building lasting relationships through communication, trust, knowledge and expertise. Their team approach has consistently ranked them among the top 100 of Coldwell Bankers’ Chicagoland agents, and top 1% nationally.

CRS GRI ABR SRES REALTOR MLS Equal Housing


Coldwell Banker real estate and homes for sale in Chicago Northwest Suburbs, Barrington, Palatine, Arlington Heights, Illinois

Coldwell Banker real estate and homes for sale in Chicago Northwest Suburbs, Barrington, Palatine, Arlington Heights, Illinois

www.TheLubyGroup.com is brought to you by The Luby Group, real estate for
Chicago Northwest Suburbs, Barrington, Inverness and Palatine, Illinois

Read The Luby Group's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge



USA and Canada Real Estate - NUMBER1EXPERT
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.

www.TheLubyGroup.com is brought to you by The Luby Group