Wells Fargo Teams Up with Rebuilding Together to Transform REOs

Rebuilding Together and Wells Fargo recently have joined efforts to help communities across the country transition Real Estate Owned (REOs) properties into safe, affordable homes while continuing to help existing homeowners with repair or renovation needs through a new REO homes program. Through the REO program, Wells Fargo donates foreclosed homes to Rebuilding Together affiliates in eight cities. Participating Rebuilding Together Affiliates are in the following cities: Baltimore, Los Angeles, Oakland, Philadelphia, Providence, St. Paul (Twin Cities), Tampa, and Washington, DC. Each Rebuilding Together Affiliate then renovates the donated REO property and works with a real estate agent to sell the home to a buyer that is between 80-120% of the area median income (AMI).

LoanSafe.org

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