As reported in Housing Wire, Safeguard Properties was recognized as the primary donor to the Cuyahoga County Foreclosure Prevention Program.

Foreclosure Program Honors Safeguard's Donation

By JON PRIOR

On June 26th, Safeguard Properties, a privately held field servicer, earned recognition as the primary donor for a three-year commitment to the Cuyahoga County Foreclosure Program.

The program offers homeowners counseling as part of the Don't Borrow Trouble campaign, which warns borrowers about the dangers of defaulting on their payments or tumbling into foreclosure.

In 2005, Cuyahoga County, which lies in the greater Cleveland, Ohio area, faced an estimated 10,000 foreclosures - four times the amount from 1998, according to their Website.

"The goal of the expanded Don't Borrow Trouble campaign is to decrease inappropriate mortgage lending and mortgage foreclosures through outreach, education, counseling, legal assistance and advocacy," the site reads.

Ohio State Representative Mike Foley spoke at the event honoring Safeguard and discussed a bill currently being passed through the state's general assembly. HB 3 includes a foreclosure moratorium for troubled homeowners in Ohio.

Jim Rokakis, the treasurer of Cuyahoga County, acknowledged others for their contributions including United Way, Chase Bank, Freddie Mac Foundation, The Cleveland Foundation and others.