I’ve always had an interest in real estate, thanks to my grandfathers being investors. They shared how important it was for everyone to invest in property and own their own home; but they always stressed the fact that it was the quickest way for a person of color to build wealth. After a two-year home shopping extravagnza, I’ve not only become extremely informed about the process, but I can’t read enough information about it and passing it on. My hope is that more people of color will get informed and invest in property. With the downturn in the economy, those that have stayed afloat or have never invested should take advantage of all the properties in distress.
With that being said, here is a list of foreclosure myths compiled from one of my favorite real estate websites, Trulia: