Suntrust Bank Ratings - The Advantages And Cons Of Suntrust Bank
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REO stands for 'Real Estate Owned' as well as bank owned real estate. This can be a great opportunity a good investor. These properties have already gone from foreclosure approach. The bank has tried to market the property at a public auction but was unsuccessful. The mortgage no longer exists along with the bank end up being take your house back.
The 1980s and 1990s were problematic for many people banks. Effectiveness of high interest rates and inflation proved considerably for some and many failed. Hudson City Bank once again prevailed. Some sort of President for that bank in 1981, Leonard S. Gudelski, provided the leadership needed and your bank grew. In the beginning of 1990, the bank was 69 branches strong and assets totaled $3.2 billion.
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