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In what may become an annual event, Safeguard Properties recently gathered about 240 servicers, field services representatives, vendors and other parties in Washington to talk about property preservation issues.
Attendees spent a day talking with Department of Housing and Urban Development officials about recent changes in HUD's national management and marketing contracts. Joe McClosky of HUD was the keynote speaker.
On the second day, attendees focused on field service issues with other investors and on code enforcement issues affecting management of foreclosed property. With HUD recently revising its policies for management and marketing of properties (see related story) that are being returned to HUD because of foreclosure, Safeguard thought it would be a good time to do a day-and-a-half conference for loan servicers and others in the property preservation business, according to Nicole Alling, marketing manager for Safeguard Properties.
The HUD changes increased the number of property management and marketing contractors, she noted. "Servicers went from four major contacts to 22 different contacts, so it becomes a little more hectic depending on ...