for business partners
Welcome to First Look
RIHousing’s online Real Estate Owned (REO) purchase program.
Officially launched in 2014, First Look is RIHousing’s REO purchase program for its nonprofit partners. Through our newly redesigned automated system, nonprofit purchasers have the advantage of taking a “first look” at our available properties before they are marketed to the public. The program features the following:
- Online access to newly listed First Look properties
- An established minimum offer price
- A timeframe for bid submission, offer review, and closing
- A competitive, transparent electronic bid process
Properties available for purchase will remain open for bid to nonprofit partners who register with RIHousing for a total of 21 days. After the 21-day period, the property will be placed on the open market. Our goal is to provide a transparent, equitable streamlined process to return RIHousing REO properties to productive use and improve our neighborhoods. Together with our community partners, we can continue our mission of serving those in need.
For more information, contact Karla Machado, Real Estate Owned Supervisor, at 401-457-1172.