Story URL: http://news.medill.northwestern.edu/chicago/news.aspx?id=221945
Story Retrieval Date: 11/21/2014 10:28:27 AM CST

Top Stories
Features

Sonali Basak/MEDILL


Rebuilding homes, one foreclosure at a time

by Sonali Basak
May 23, 2013


REO Rescue

Sonali Basak/MEDILL

REO Rescue van sits outside a previously burned building that the company helped rescue.

REO Rescue is a company that restores distressed properties, especially properties in danger of foreclosure. Alex Mysko, who worked at Lehman Brothers for seven years, built the company in 2007 as the housing market began to crash. "I tried to form a firm to mitigate the mess that was coming," he said. As the economy rebounds, Mysko now is shifting from just preserving homes to completely remodeling them. "It's no longer debt-controlling damage," he said. "Right now, it's moving forward." This year, he said the company is picking up steam. This is the story of one woman who benefits from Mysko's restorations.