DSNews “Safeguard Properties Connects Homeowners with Counseling Agencies”
An article in DSnews.com mentioned Safeguard Properties’ new door-hanger initiative.
Safeguard Properties Connects Homeowners with Counseling Agencies
Rachel Daniels | 10.06.08
Safeguard Properties, a privately held field services company located in Cleveland, Ohio, announced that they have added an additional contact number to the ?door hanger’ notices they place on the doors of delinquent borrowers on the 45th day of delinquency and continuing monthly through the delinquency and foreclosure process. While typically the door hanger would have the contact information of the mortgagee, Safeguard will now also print contact information for the Homeownership Preservation Foundation’s 888-995-HOPE Hotline, which according to Safeguard has expanded their call center operation to support the projected increase in calls and to facilitate service to both HOPE NOW Alliance and non HOPE NOW Alliance member servicers. Safeguard estimates that these ?door hanger? inspections are performed on over one million delinquent loans monthly
According to Safeguard, ?foreclosure prevention has a greater chance of success when it reaches borrowers in the earliest stages of delinquency. It has been proven that expanded outreach, education, and counseling efforts by reputable homeownership education and counseling organizations, and state /local government can get homeowners on track as early as possible.? Safeguard hopes that this additional, free service will encourage more homeowners to become proactive when their loans are becoming delinquent.