Following the same model as Greece ...
http://www.jsonline.com/news/milwaukee/idea-floated-of-milwaukee-selling-foreclosed-homes-in-bulk-b99200181z1-244628661.html
Idea floated of Milwaukee selling foreclosed homes in bulk
With nearly 1,300 properties in its inventory because of tax foreclosures, the City of Milwaukee is entertaining ideas to whittle the list down, perhaps through private-equity investment.
Cory Nettles, a former state Commerce Department secretary and founder of Generation Growth Capital, a private-equity firm, has spoken with Mayor Tom Barrett and other city officials about forming a local group to invest in the city's foreclosed properties.
In an interview, Nettles declined to identify members of the working group, and he emphasized his company would not be involved in buying foreclosed properties.
But the idea, he said, could involve the purchase of as few as 300 homes or as many as 1,000, he said. "They want to do something at a significant scale up to maybe 1,000 units or so," Nettles said.
Now, about those pesky renter's rights.