foreclosures

Education
10:28 am
Wed September 10, 2014

A Promising Project: Training Milwaukee Workers While Demolishing Boarded Up Properties

On the count of three, workers give a mighty tug to pull down a partially dismantled garage.
Credit Bob Bach

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

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Regional
4:37 pm
Tue July 15, 2014

Aldermen Demand More Attention to Milwaukee's Vacant Lot Problem

Milwaukee has been demolishing foreclosed homes, leaving vacant lots scattered throughout the inner city.
Credit 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.

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Regional
12:28 pm
Fri January 3, 2014

Photos: Inside Milwaukee's Vacant Homes

Vacant House in Milwaukee
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.

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Politics & Government
1:00 am
Tue October 29, 2013

Milwaukee Sells Foreclosed Homes for a Dollar

Bobby McQuay stands on the porch of the tax-foreclosed home he's renting from the city on N. 40th Street.

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

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Economy & Business
1:00 am
Mon July 8, 2013

Housing Market Edges Upward, While Foreclosures Still A Plague

One of the numerous homes for sale in Fox Point

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

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Politics & Government
12:21 pm
Mon July 1, 2013

Barrett: Walker’s Budget Unfairly Attacks Milwaukee

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

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Politics & Government
9:59 am
Thu June 27, 2013

Aldermen: Thousands of Additional Dollars Needed to Maintain Foreclosed Properties

The city expects to own more than 2,000 foreclosed properties by the end of the year.
Credit Bob Bach

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

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Regional
3:23 pm
Fri March 8, 2013

City Struggles to Remove Condemned Houses; Asks State for Help

It costs about $15,000 to demolish a house, and takes 2-3 days to remove the debris, leaving the lot ready for redevelopment.

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.

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Economy & Business
4:49 pm
Mon May 7, 2012

Investors Betting on Real Estate

Some investors are using their retirement accounts to purchase foreclosures such as this one on Milwaukee's northwest side.

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.

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Economy & Business
2:36 pm
Fri April 27, 2012

Investors Turn to Foreclosures to Make Money

Home on Milwaukee's northwest side recently purchased by Michael Baron.

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.

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