In Hamilton County, Ohio, a group has formed to help residents who are facing foreclosure. According to an article in the Cincinnati Enquirer, many of the foreclosures in this area are the result of unsophisticated buyers who purchased houses with inflated appraisals, typically in poor neighborhoods. When the buyers can’t keep up with the payments, lenders foreclose—and neighborhoods risk becoming blighted by empty, sometimes dilapidated homes.

There are several lessons here: Always operate with honesty and integrity. Don’t try to inflate the value of the properties you are buying or selling—besides being unethical, it may also be illegal. You don’t have to resort to cheating to make money in real estate.

When you do the right thing for your buyers and sellers, everybody wins—and by everybody, I mean the homeowners, the communities, the lenders, and you.

Jackie
Chief Blogger
Wealth Intelligence Academy