Bob Bach

The City of Milwaukee has hired Northcott Neighborhood House to train young people for demolition jobs.

Marti Mikkelson

Some members of the Milwaukee Common Council want the city to take a more aggressive approach to dealing with nearly 2,500 vacant lots.

Adam Morris, Milwaukee Magazine

The number of vacant structures in Milwaukee is estimated at around 4,000, with more than 1,000 “distressed” homes on the books as well.

Milwaukee Sells Foreclosed Homes for a Dollar

Oct 29, 2013

Milwaukee is trying a new tactic to put foreclosed homes back in use.

There is increased movement in the local housing market. While mortgage rates tick upward, more homes are selling in Wisconsin.

Milwaukee’s mayor says it’s almost as if the state budget goes out of its way to harm the city.

Bob Bach

Milwaukee may use a sizable chunk of money from its contingent fund, to handle city-owned foreclosed properties.

The cost of demolishing condemned properties in Milwaukee is squeezing city finances. So this week, leaders will ask the state for more aid to combat the problem. It grows bigger by the day. We took a first hand look.

Huge metal teeth bite into the second story of a house on North 26th Street. Moments later, support beams crack and the walls fold. Finally, the roof collapses. Perhaps that’s an apt metaphor for the effects of the recent economic downturn. The recession caused the roof to fall in on many homeowners. Hundreds, unable to make monthly payments, abandoned their homes.

The northwest side of Milwaukee has been a hotbed of real estate activity in recent months. Investors have been purchasing foreclosed homes and turning many into rental properties. WUWM’s LaToya Dennis found that some of the entrepreneurs are using their retirement accounts.

Milwaukee will host a home ownership fair Saturday. The goal is to unload many of the foreclosed properties both banks and the city own. City Hall estimates there to be 4,000 such houses. WUWM’s LaToya Dennis learned of potential buyers who view foreclosures as a great business opportunity.