As previously discussed, Philadelphia Sheriff John Green announced the suspension of foreclosure sales of homes which resulted in the creation of a  "Mortgage Foreclosure Diversion Program".
The following report from the Philadelphia Inquirer provides the latest development from the Common Pleas Court.

Phila. postpones sales of owner-occupied homes

Philadelphia homeowners facing mortgage-foreclosure sales have gotten another reprieve from Common Pleas Court.

Sheriff's sales of owner-occupied houses scheduled for Tuesday have been postponed until Sept. 9 to give the court more time to implement a pilot program designed to give lenders and borrowers time to work out a plan to bring the delinquent mortgage up to date. If the lender proves the property is unoccupied or is a commercial property, the sale may proceed.

Sales scheduled July 1 were were postponed to Oct. 7. Common Pleas Court President Judge C. Darnell Jones II had previously postponed sales scheduled for April and May until July 1. Those homeowners have the opportunity to attend a "conciliation conference" with their lenders, but they must call 215-334-4663 to schedule a meeting with a housing counselor. 

To view the online article, please click here.    

To view a similar report from the NY Times 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.