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. Since 2011, RTGM has purchased and rehabbed __ foreclosed properties.
Our goal is to rehab the property, place it on the real estate market, and keep it as an affordable purchase for low to moderate income families with a purchase price of less than $75,000.
REO activities have a double impact: the project’s primary benefit is that completed projects are sold to new homeowners which further provide Revitalize Milwaukee with revenue to support our housing Emergency 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.