1675 N 121st St, Wauwatosa

Milwaukee County Department of Administrative Services invites bids for a tax foreclosure property sale.

Address of Residential Property: 1675 N 121st St – Wauwatosa, WI

Appraised Value: **$165,000**

Milwaukee County tax foreclosed properties are foreclosed on and offered for sale pursuant to Wis. Stat. ch. 75. The Department of Administrative Services – Economic Development Division is responsible for selling the County’s tax foreclosed properties.

All bids shall be submitted on an *Offer to Purchase* form furnished by the Economic Development Division. All offers must clearly show the interested buyers name and be manually signed by the party making the offer. Offers in the name of an LLC are acceptable as long as the members of the LLC are clearly identified on the signature line or elsewhere in the offer. Unsigned offers shall be rejected by the Director and returned to the bidder.

The successful bidder agrees that:

• The property is sold as-is, with respect to all property conditions, via a quit claim deed, with no title insurance, or warranties of any kind whatsoever;
• The property may have lead paint or other environmental contaminants;
• The property is subject to all easements, zoning, and other applicable government regulations; and
• They waive all rights to rescind the purchase.

The successful bidder understand that they are responsible for paying:

• One hundred percent of the sale year property taxes, there is no pro-rating;
• A brokerage fee of no more than the greater of two percent or $1,000; and
• Recording costs.

Successful bidder agrees to enter into contract/agreement with Milwaukee County for the sale of the Property and must be able to close within thirty (30) days of signed acceptance of offer.

**Submission deadline:** until **2:00 P.M. CT**. Electronic Submission (Preferred): Upload your bid via the Milwaukee County Bonfire portal at https://countymilwaukee.bonfirehub.com/opportunities/261090. Bidders will receive a confirmation email with a unique confirmation number upon successful submission.

Hand Delivery: you may deliver a sealed hard copy of your bid to the Milwaukee County Clerk, 901 North 9th Street Room 105, Milwaukee, Wisconsin 53233. Late submissions via either method will not be accepted.

Sealed bids will be opened at 2:00 p.m. CT on the submission deadline. Please allow one (1) week binding acceptance from the submission deadline date.

Award shall be made to the bid most advantageous to the County, conforming to the invitation for bids. At the first attempt to sell the property, the County must reject every bid less than the appraised value of the property.

Bids are scored on:

• Bid Amount
• Intended Use of the Property
• Bidder Qualifications
• Owner-Occupant Status
• First-Time Homebuyer Status

The winning bidder must be prepared to close within 30 days. If a bidder requires a financing contingency, bidder must include a valid pre-approval letter from a financial institution acceptable to the Division.