Safeguard Properties Honored for $150K Foreclosure Prevention Donation
DSnews.com?has printed an article about Safeguard Properties donating $150,000 to Cuyahoga County’s Foreclosure Prevention Program.
Safeguard Properties Honored for $150K Foreclosure Prevention Donation
by Nicole Barbosa | 06.13.08
Troubled borrowers have started to turn toward the unlikely. Not a traditional homeownership counselor or lender/servicing representative?but a vendor.
Though Ohio ranked only ninth nationwide with a foreclosure rate of one in every 410 homes, the Buckeye State posted 12,295 total foreclosure filings?placing fifth, according to the latest data released today by RealtyTrac. But these stats don’t keep companies, like Cleveland-based Safeguard Properties, from going out to their way to offer up advice and foreclosure prevention to homeowners in need of hope and answers.
Robert Klein, CEO and founder of the company, is receiving recognition and praise from colleagues for his dedication to this endeavor.
Klein and his company were recognized Friday morning by County Treasurer Jim Rokakis for the $150,000 dollar grant ($50,000 over three years) they provided to the Cuyahoga County Foreclosure Prevention Program.
?We are grateful for Safeguard’s commitment to the region and for their understanding of the critical role foreclosure prevention plays in protecting our neighborhoods and communities,? said Rokakis. ?This grant comes at an important time for all of us and will go along way towards helping to protect at-risk homeowners from foreclosure.?
The program, also known as the ‘Don’t Borrow Trouble’ campaign, attempts to provide the necessary tools (pamphlets, ads, etc.) to homeowners to prevent victimization by predacious lenders. Since it began in 2006, the program has assisted more than 10,000 homeowners and had a direct hand in the prevention of more than 2,100 foreclosures.
‘Cuyahoga County is our home, where we live and raise families. As a business, we see first-hand the devastation that results from foreclosures. It’s in all our interests to work together to prevent [them], and Safeguard is honored to participate in this initiative,’ Klein said.
For more information about the Cuyahoga County Foreclosure Prevention Program and the services they provide, click here.