Archive for August, 2013
What is an REO property? REO, or real estate owned, property is property that has been foreclosed on by the bank. This generally occurs when the owner has failed to pay the mortgage on the home. REO properties are not only houses, though, as they can also be trailers, condos, commercial property, or most other types of real estate. This makes it especially helpful to qualified institutional buyers who are looking into REO property preservation and Reo properties for sale, as it increases their buying market.
When a homeowner has defaulted on the home mortgage, the home is referred to as a distressed property. Much of the time, a distressed property implies that the property is in poor physical condition because the owner did
The current state of the economy makes it increasingly difficult to find a good investment. The American market is so unpredictable that you may be turned off from putting your money into it. One alternative you may want to consider is investing in the Iraqi dinar.
Investing in foreign currency can be an affordable, low risk venture, but it helps to know what you are investing in. Prior to the Gulf War, dinar were called Swiss dinar because they were made with a Swiss printing press. Between the years 1990 and 2003, the notes were printed with Saddam Hussein on the front. They can be broken down into a lower denomination, known as fils. However, due to inflation, fils are considered obsolete. Also due to inflation, a 10,000 dinar note was released in 2002 to better accommodate larger transactions, like the