City of Los Angeles, CA VPR

The following is an update to our June 19, 2012 release regarding the Los Angeles Foreclosure Registry Program.  Safeguard Properties’ community initiatives department's outreach to the Los Angeles Housing Department, and conversations with the city confirmed the current status of the program and future actions that will be be voted on. 

On June 5, 2013, the Housing, Community and Economic Development Committee approved revisions provided in a May 17, 2013 report.

No immediate changes to registration procedures were enacted.

The city attorney will review the amendments described in the aforementioned report and bring to City Council for a vote.

Primary requirements being developed include:

  • Proactive inspections of registered properties by the Los Angeles Department of Building and Safety (LADBS) and Department of Housing.
  • An additional inspection fee (currently $274.33 for single-family homes) to cover all inspections by the LADBS.
  • Monthly inspections to be conducted and reported to the city by the responsible (registering) parties.

Updates will be forthcoming however a timeframe for enactment has not been established.

Additional information and historical data is available at the City Council’s website by clicking here.

About Safeguard 
Safeguard Properties is the largest mortgage field services company in the U.S. Founded in 1990 by Robert Klein and based in Valley View, Ohio, the company inspects and maintains defaulted and foreclosed properties for mortgage servicers, lenders,  and other financial institutions. Safeguard employs approximately 1,700 people, in addition to a network of thousands of contractors nationally. Website: www.safeguardproperties.com.

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