Safeguard Properties - All Client Alerts News about Property Preservation, HUD, FEMA, Code Compliance and other property management news. http://www.safeguardproperties.com Fri, 20 Nov 2009 15:11:20 +0100 FeedCreator 1.7.2 Ernst & Young Entrepenuer of the Year 2009 http://www.safeguardproperties.com/index.php?option=com_content&task=view&id=2531&Itemid=0 Civil Lawsuits - Blight http://www.safeguardproperties.com/index.php?option=com_content&task=view&id=2529&Itemid=106 In a recent article, the Clarion Ledger (Mississippi) discusses comments made by Municipal Court Judge Ali ShamsiDeen at a meeting at the Jackson Police Department Precinct 2 headquarters. Judge ShamsiDeen said property owners can file simple negligence or nuisance lawsuits against property owners if they can show damages, such as decreases in property values attributable to the blighted property. Additionally the article discussed previous and potential future litigation in other areas of the country. Foreclosure Theft http://www.safeguardproperties.com/index.php?option=com_content&task=view&id=2528&Itemid=106 A recent article in the Livingston Daily (Michigan) discusses a presentation by the local FBI Field Office to a group of Livingston County real estate agents. The primary topic of the discussion was vandalism of foreclosed properties by the previous home owner and concerns surrounding fraudulent mortgage practices. City of Cleveland Operation Prevent Action http://www.safeguardproperties.com/index.php?option=com_content&task=view&id=2527&Itemid=106 Included in the City's allocation (http://www.clevelandcitycouncil.org/Home/News/February42009/tabid/619/Default.aspx) of Neighborhood Stabilization Program (NSP) is the creation of Operation Prevent Action . FHLMC Exhibit 57 http://www.safeguardproperties.com/index.php?option=com_content&task=view&id=2526&Itemid=106 On October 28th Freddie Mac posted an updated Exhibit 57 : 1- to 4- Unit Property Approved Expense Amounts originally introduced in Bulletin 2009-14 (content/view/2401/106/). Updates to the Exhibit address lock changes, grass recuts, pool securing, emergency roof repairs among others. Fannie Mae Announcement 09-33 http://www.safeguardproperties.com/index.php?option=com_content&task=view&id=2525&Itemid=106 Fannie Mae has released Announcement 09-33 titled, New Deed-for-Lease™ Program . Fannie Mae Announcement 09-31 http://www.safeguardproperties.com/index.php?option=com_content&task=view&id=2524&Itemid=106 Fannie Mae has released Announcement 09-31 titled, Updates and Clarifications to the Home Affordable Modification Program . HUD ML 2009-45 http://www.safeguardproperties.com/index.php?option=com_content&task=view&id=2523&Itemid=106 The Dept. Of Housing and Urban Development has released Mortgagee Letter (ML) HUD ML 2009-45 titled, Introduction of HUD’s Web-Based Training Application: Electronic Class(EClass) on Loss Mitigation and Servicing System HUD ML 2009-44 http://www.safeguardproperties.com/index.php?option=com_content&task=view&id=2522&Itemid=106 The Dept. Of Housing and Urban Development has released Mortgagee Letter (ML) HUD ML 2009-44 titled, Home Equity Conversion Mortgage (HECM) Program -- Clarification of Debenture Interest Calculation for HECM Claim Type 21; Claim Filing Instructions for HECM Claim Types 21 and 24 FHLMC Bulletin 2009-25 http://www.safeguardproperties.com/index.php?option=com_content&task=view&id=2521&Itemid=106 Freddie Mac has issued the following Single Family Seller/Servicer Guide Update regarding Guide Bulletin 2009-25.