TheMReport

MReport August 2017

TheMReport — News and strategies for the evolving mortgage marketplace.

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58 | TH E M R EP O RT O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T GOVERNMENT The Battle Against Blight Congressmen and industry experts have teamed up to fight community blight, starting with a roundtable event in Pennsylvania. R ecently, in a roundtable event on community blight in Harrisburg, Pennsylvania, a town plagued with 447 cases of vacant or abandoned homes, Sen. John DiSanto (R-Pennsylvania) met with Sen. Tom McGarrigle (R- Delaware), Harrisburg Mayor Eric Papenfuse, the Senate Majority Policy Committee, and the Urban Affairs and Housing Committee to discuss the blight epidemic and brainstorm solutions and ways to incorporate them. Robert Klein, Founder and Chairman of Community Blight Solutions, was invited to address the group and discussed his leadership role in advocating at the state and local level for policy and legislative changes, including fast-track and no plywood board - ing legislation. DiSanto opened the round- table with remarks on how state legislators are working with local communities to eliminate problems associated with the blight that is ruining communities and wasting taxpayer dollars. Due to outdated foreclosure laws, vacant or abandoned properties can sometimes stay empty for years, are vulnerable to structural damages from weather and erosion, and can be ideal breeding grounds for crime, drug use, and squatters. Often, they will act as dilapidated kindling for fires. Fast-track foreclosures al - low mortgage servicers to obtain the property faster, rehabilitate it, and put it back on the market before it becomes blight. Although plywood boarding has been the industry standard for decades, it has quickly de - veloped a stigma of dilapidation and vacancy. It offers abandoned properties little protection from the elements and is easy to re - move for those who wish to use the space for suspect actions out of sight of the community it sur - rounds. Polycarbonate boarding, a clear window and door system, is a much more ideal alternative to prevent squatting. The Harrisburg Roundtable was the first of several planned roundtable events around the commonwealth. Although plywood boarding has been the industry standard for decades, it has quickly developed a stigma of dilapidation and vacancy.

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