Safeguard Participates at PCRG

Safeguard participated in the third annual Pittsburgh Community Reinvestment Group (PCRG) Community Development Summit May 22, in Pittsburgh, PA.
 
Safeguard was privileged to return to the third annual PCRG Community Development Summit.  PCRG is a coalition of nonprofit, community-based organizations and their core partners.  They are dedicated to the revitalization of urban neighborhoods through advocacy, policy creation, tool development, and community empowerment through capacity building.
 
Representing Safeguard Properties was Michael Halpern, director of community initiatives.  Joining Halpern, was Tyler Smith, vice president of REO community development at Wells Fargo, and Cindy Daley, policy director for Housing Alliance of Pennsylvania. 

In a session titled “What’s Harrisburg Doing Now? Bills Addressing Foreclosures, Abandonment, and Blight,” the panelists discussed various legislative efforts implemented to address blight.  Daley opened the session by discussing Pennsylvania-specific actions in which the Housing Alliance was involved.  Focusing on land banks and conservatorships, Daley provided the audience with various tools already at their disposal.
 
Halpern discussed several initiatives already underway in other states Pennsylvania could seek to replicate, including fast-tracking of vacant and abandoned properties, uniformity in vacant property registration, and safe harbor for maintenance actions on vacant properties.
 
Smith provided an overview of Wells Fargo’s activities in the Pittsburgh area and across the country.  Discussing the property maintenance activities Wells undertakes, especially during the pre-foreclosure sale period, provided the audience with a robust understanding of industry best practices and commonalities in preserving communities. 

Smith further discussed the bank’s actions on their REO portfolio and its repair strategy, success in reducing days on market, and attracting owner-occupants. 
 
Questions from the audience provided the panelists an opportunity to address other concerns such as extending outreach to community groups and not-for-profit community development associations, and how to identify and communicate with the right parties.
 
Safeguard would like to extend its appreciation for inclusion in this year’s summit and wishes PCRG continued success in the future.



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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