milwaukee's loan forgivness program for tax forclosures

[Brandon Rixstine]

I've been looking into some tax forclosures in milwaukee, Wi, as a first home/investmen. I was wondering if anyone here had any experience the homebuyer assistance program. To anyone unfamiliar they are offering a forgivable loan of 50% up to 40k for owner occupants for single family and duplex style houses contingent on staying in the home for 5 years. I would have to attend a class about the home buying process in order to qualify which is two-four hour classes. I think that this is a great option for me as I was already looking to buy a home using a 203k. Any insight would be helpfull. Thanks everyone

[Nathan Schoenborn]

I believe you need to spend an equal amount first before the loan is given. That could be a different program but I know they want you to have some equity in the property.