Two recent articles in Green City Blue Lake and the Plain Dealer covered Progressive Urban Real Estate's efforts to battle the foreclosure crisis through rehabbing homes.
"Investors can play a key role in getting us out of the foreclosure mess that we're in," Progressive Urban owner Keith Brown told Shaheen Samavati, real estate reporter with the Plain Dealer. "For responsible investors, it's rock-bottom real estate prices combined with the fact that homebuyers are still looking for high-quality, rehabilitated homes in strong-market neighborhoods."
To date, Civic Investments LLC, the new rehab company that Brown and others have formed, has purchased three foreclosed homes in Tremont, Ohio City, and Detroit Shoreway. Civic Investments has hired Civic Builders, a contractor, to rehab the homes. Progressive Urban Real Estate will market the properties.
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