The Citizen “PTC neighbors mow foreclosed lawns”

An article in The Citizen regarding vacant blight in Peachtree City mentions Safeguard Properties as an effective means of maintaining vacant properties.

PTC neighbors mow foreclosed lawns

Tue, 05/26/2009 – 5:33pm
By: John Munford

Peachtree City has not escaped the nationwide trend of home foreclosures.

While some of those homes are in the lower price range, some are in the very high price range too, as they are not confined to any area or neighborhood, said Senior Code Enforcement Officer Tami Babb.

Foreclosed homes have ranged from the $60,000 range to upwards of $600,000 or more, she said. One home in foreclosure was listed at $1.5 million in public newspaper notices, the main resource code enforcement uses to track foreclosures, Babb said.

“We’ve dealt with foreclosures before,” Babb said. “What’s different now is that it’s in every area.”

The foreclosed homes have not led to major issues so far, Babb said. But homes in foreclosure limbo, after they have been abandoned but before the banks resume ownership, have caused some trouble, she added.

To secure pool fences on abandoned properties, the city uses nylon straps to prevent trespassers from entering, Babb said. In some cases, neighbors are mowing the lawns of abandoned homes, Babb said.

One homeowner in particular who skipped town was particularly onerous and would have merited a citation with an appearance in city court had he remained here with the property unkempt, Babb said. But the owner moved out of state, so it may be impossible to hold him accountable, she added.

“Lots of people have left town and we can’t find them,” Babb said. “But they are still legally responsible.”

Once banks take possession of foreclosed homes, they generally do a good job of making sure the lawn is kept up and that the house doesn’t fall into disrepair, Babb said.

The city has not had to condemn any foreclosed homes due to structural defects or code violations, she added.

One private company, Safeguard, does a particularly good job of handling such issues including the regular lawn work and also fixing broken windows, Babb said.

Dealing with foreclosures is time-consuming, Babb said, adding that it has been made a bit easier since Fayette County deed records can be searched by computer to find the true owner of a given parcel.

Babb noted that the recently expired three-month moratorium on foreclosures was difficult because most of the city’s homes in the foreclosure process had already been abandoned … but the banks had been unable to take possession of them during that time.

The code enforcement department also has seen a drop in the number of calls from potential investors looking for a good deal on real estate, Babb added. Yet she remains optimistic that the future will improve.

“I really believe this is going to turn around,” Babb said.

Babb asks anyone with questions about particular homes to call code enforcement. Some neighbors are aware homes are in trouble before the notice is published in the newspaper, she added.

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CEO

Alan Jaffa

Alan Jaffa is the Chief Executive Officer for Safeguard Properties, steering the company as the mortgage field services industry leader. He also serves on the board of advisors for SCG Partners, a middle-market private equity fund focused on diversifying and expanding Safeguard Properties’ business model into complimentary markets.

Alan joined Safeguard in 1995, learning the business from the ground up. He was promoted to Chief Operating Officer in 2002, and was named CEO in May 2010. His hands-on experience has given him unique insights as a leader to innovate, improve and strengthen Safeguard’s processes to assure that the company adheres to the highest standards of quality and customer service.

Under Alan’s leadership, Safeguard has grown significantly with strategies that have included new and expanded services, technology investments that deliver higher quality and greater efficiency to clients, and strategic acquisitions. He takes a team approach to process improvement, involving staff at all levels of the organization to address issues, brainstorm solutions, and identify new and better ways to serve clients.

In 2008, Alan was recognized by Crain’s Cleveland Business in its annual “40-Under-40” profile of young leaders. He also was named a NEO Ernst & Young Entrepreneur Of The Year® Award finalist in 2013.

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Esq., General Counsel and EVP

Linda Erkkila

Linda Erkkila is the General Counsel and Executive Vice President for Safeguard Properties, with oversight of legal, human resources, training, and compliance. Linda’s broad scope of oversight covers regulatory issues that impact Safeguard’s operations, risk mitigation, strategic planning, human resources and training initiatives, compliance, insurance, litigation and claims management, and counsel related to mergers, acquisition and joint ventures.

Linda assures that Safeguard’s strategic initiatives align with its resources, leverage opportunities across the company, and contemplate compliance mandates. She has practiced law for 25 years and her experience, both as outside and in-house counsel, covers a wide range of corporate matters, including regulatory disclosure, corporate governance compliance, risk assessment, compensation and benefits, litigation management, and mergers and acquisitions.

Linda earned her JD at Cleveland-Marshall College of Law. She holds a degree in economics from Miami University and an MBA. Linda was previously named as both a “Woman of Influence” by HousingWire and as a “Leading Lady” by MReport.

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COO

Michael Greenbaum

Michael Greenbaum is the Chief Operating Officer of Safeguard Properties, where he has played a pivotal role since joining the company in July 2010. Initially brought on as Vice President of REO, Mike’s exceptional leadership and strategic vision quickly propelled him to Vice President of Operations in 2013, and ultimately to COO in 2015. Over his 14-year tenure at Safeguard, Mike has been instrumental in driving change and fostering innovation within the Property Preservation sector, consistently delivering excellence and becoming a trusted partner to clients and investors.

A distinguished graduate of the United States Military Academy at West Point, Mike earned a degree in Quantitative Economics. Following his graduation, he served in the U.S. Army’s Ordnance Branch, where he specialized in supply chain management. Before his tenure at Safeguard, Mike honed his expertise by managing global supply chains for 13 years, leveraging his military and civilian experience to lead with precision and efficacy.

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CFO

Joe Iafigliola

Joe Iafigliola is the Chief Financial Officer for Safeguard Properties. Joe is responsible for the Control, Quality Assurance, Business Development, Marketing, Accounting, and Information Security departments. At the core of his responsibilities is the drive to ensure that Safeguard’s focus remains rooted in Customer Service = Resolution. Through his executive leadership role, he actively supports SGPNOW.com, an on-demand service geared towards real estate and property management professionals as well as individual home owners in need of inspection and property preservation services. Joe is also an integral force behind Compliance Connections, a branch of Safeguard Properties that allows code enforcement professionals to report violations at properties that can then be addressed by the Safeguard vendor network. Compliance Connections also researches and shares vacant property ordinance information with Safeguard clients.

Joe has an MBA from The Weatherhead School of Management at Case Western Reserve University, is a Certified Management Accountant (CMA), and holds a bachelor’s degree from The Ohio State University’s Honors Accounting program.

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Business Development

Carrie Tackett

Business Development Safeguard Properties