Tax-Foreclosed Residential Property Sale
Milwaukee County > Department of Administrative Services > Economic Development Division
Original Solicitation Links
ITB-ED2611
]1675 n 121st st, wauwatosa
ITB-ED2611
]ITB-ED2611 - 1675 N 121st St, Wauwatosa
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Description
Milwaukee County is selling a tax-foreclosed residential property through a sealed-bid process. The property has an appraised value of $165,000, and bids below that value must be rejected on the first attempt to sell it. Bidders must submit an Offer to Purchase form and state their intended use; evaluation may consider bid amount, access to the property, proposed use, bidder qualifications, owner-occupant status, and first-time homebuyer status. The property is sold as-is by quitclaim deed, without title insurance or warranties. The successful bidder must be prepared to close within 30 days of signed acceptance. A bidder requiring a financing contingency must include a valid preapproval letter from an acceptable financial institution; otherwise, preapproval or proof of funds is required with the bid.
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