Many people nowadays are fond of buying budget friendly items in the market as to please their everyday needs. These include items for clothing and shelter, as for food and water we certainly pick for the high and safest quality supply for our family and ourselves. Long before the stocks and global trading has emerged, the ancient civilizations have their own laws and market trends to keep their business growing.
Instead of money, most of the products are used to trade for other products depend on their needs and demands. Precious stones for food, silk for spices, and gold or diamonds for land titles, power and fame.
Great evidences for developed systematic banking and currency has been recovered from ruins the old world. The seals, land titles, certifications, and the bloody history of valor and pride over territories written by historians are some of the proof that the world once lived locked in their own golden era or trading and real estate strategies.
The nomads, the peasants, the vassals, the nobles and the aristocrats, all of the rankings or caste system in the old world bring out the color of real estate history. The nomads themselves have no permanent address, and live in travelling by day and staying on the safe field at night. Though they may have no real address for the sake of their jobs and needs, they are in abundant numbers that can be counted as a little town as well. Their territories are protected by their armed warriors; some notable in the east to have established a stable real estate are the historical dynasty of the Great Genghis Khan. In prevention of wars between his four sons, he had managed to divide the empire to them accordingly and the vassalage system in the lower ranks is developed for the benefit of the majority.
In the west, the Romans and Greeks have their own social stratification such as patriarchal and hierarchal, and Plebeians systems grouping people according to their family, significance, and power in the society. Most groups on the higher grounds includes nobles, militia and feudal lords, who has the power to distribute pieces of land to the people. The Plebs is considered in the middle class, though not as wealthy as nobles, yet holds and owns a piece of land as a free-man. Since the majority of the citizens are politically inclined, the real estate system is consolidated and strictly followed by the law.
Today, most of us are experiencing the freedom to hold on to our own property in compliance with the law. The banking systems and the regulations made by lending institutions in partnership with Resurrecting Real Estates are slightly different with what our ancestors have experienced from the past including the Mortgage, Foreclosure and REO systems and the benefits of these for the common people. To know more about it, visit RREAssets.com. The next article will discuss much about the modern systems in comparison with the past.
http://www.rreassets.com/ - Real estate listings in Chicago IL and property search. See listings for reo homes, reo foreclosures listings and houses for sale in Chicago. Resurrecting Real Estate will be a great help in your dream to become a legitimate land-owner or your dream property. For further information visit our website today!
Orignal From: History of Real Estate Listings in Chicago IL
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