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When a homeowner defaults on a home loan, the bank often forecloses on the house and it becomes a bank owned or real estate owned property, more commonly known as an REO property. REO properties are often purchased by institutional buyers who own real estate investment trusts or make large scale private purchases. The process…
Is investing in Iraqi dinar a wise investment, or a poor waste of money? This has been a topic of much debate in the currency market. Many people claim that the coming United States revaluation rate of the Iraqi currency since American occupation will be high enough to make investors into millionaires overnight. Others, however,…