REO Home Sales
The purpose of Revitalize Milwaukee's REO Home program is to acquire foreclosed properties, make needed repairs and renovations and then sell homes to a low- or moderate- income family or individual for under $75,000. Since 2011, RM has purchased and rehabbed over a dozen foreclosed properties.
REO rehabs have a double impact: the project’s primary benefit is that completed projects are sold to new homeowners, providing Revitalize Milwaukee with revenue to support our Free Home Repair program. More importantly, because completed properties are sold to owner-occupant homeowners, the project ensures foreclosed homes are transformed into well-cared for properties that contribute to the strength of the neighborhood and help increase the tax base.