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Welcome > Local Info >
Westchester Information ...
|  | | | View to the North of Playa del Rey/Playa Vista Wetlands and Marina del Rey | |
 About Westchester in beautiful Southern California...
Westchester is a wonderful residential community within the city of Los Angeles located a few miles from the ocean and bordered by Playa del Rey, Playa Vista, Marina del Rey, Culver City and LAX. The community consists of single family homes, townhomes and condominiums, apartment buildings, Loyola Marymount University (LMU), Otis College of Art & Design, YMCA, shopping/retail centers, community park and golf course. The area was primarily developed after WWII with most of the homes built in the late 1940's and 1950's. It was home to Howard Hughes aviation company and became strongly associated with aerospace and aviation industries. Westchester has evolved into a vibrant community and is home to a blend of families, singles and students. Westchester consists of different neighborhoods known as West Westchester, Loyola Village, Emerson Manor, Kentwood, North Kentwood, Westport Heights, Marlow and Osage. The quality of life in Westchester is enhanced by the convenient location with its proximity to the ocean, mountains, downtown Los Angeles, shopping, restaurants, colleges, universities and cultural activities.  Request my Relocation Package. If you're interested in the quality living offered in Westchester, Playa del Rey, Playa Vista, Marina del Rey, Venice, Culver City, or surrounding communities, I can provide you with information. I'll send it to you promptly and without obligation...
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Titles >Ways to Hold Title When two or more people purchase property together, there are three ways that the title can be held. Knowing the implications of each form of ownership will help you decide how to write your deed.
"Tenancy by the entireties" is reserved exclusively for married people. Both husband and wife own an undivided interest in the property. On the death of one party, the surviving spouse owns the entire property and no probate will be necessary. When unmarried persons buy a home together, they should seek legal advice regarding how title should be held. As "tenants in common" each party owns a percentage interest in the property. On the death of one party his or her interest does not go to the surviving owner but is distributed in accordance with the will of the deceased, whose estate must be probated. As "joint tenants" each party owns an undivided, equal interest that passes automatically to the surviving joint tenant. Probate is not necessary if the deed reads "joint tenants with rights of survivorship".
It is important to know that in most courts, if a deed is written without specification of how title is held, the property is titled as "tenants in common."
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| Q |
Who is "Freddie Mac", and why is he a big name in real estate?
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| A |
"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. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT 
