As of 5/20/08 the Bill is still in the Senate Judiciary under review.

As a follow-up he has released a report on REO properties throughout New York area. The report concludes with a statement urging the passing of S.B. 7028  "in order to effectively deal with the myriad of lending institutions, servicers, and realty companies now holding properties in the New York City, Westchester and Nassau County Area".

To view the legislation in its current form, please click here.

To view the report, please click here.

About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 500 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.