Steele V. Propp
Steele V. Propp
  • Male
  • Minneapolis, MN
  • United States
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Steele V. Propp's Friends

  • Greg Masson
  • Mark Smith CDPE SFR
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  • Michele Blinn-Barreiro
  • Jesus (Jesse) Gonzalez
  • Jennie Blackburn, Realtor, CDPE,
  • O. Johnny Wariebi
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  • Eric Keith Cole
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  • Jennifer Young
  • Sharre DaCosta, CDPE, GRI, SFR
  • Diana Ortiz
  • SHANNON McGREGOR ~ CSSG, HRC

Steele V. Propp's Groups

Steele V. Propp's Discussions

Short Sale Designation battle begins...

Started this discussion. Last reply by Steele V. Propp May 23, 2010. 2 Replies

Big news on the designation front. It seems Harris University is being sued by the Distressed Property Institute for copyright infringement.…Continue

Citi is testing new Deed in Lieu program. What are your thoughts?

Started this discussion. Last reply by Loree Nichols Mar 1, 2010. 8 Replies

Citibank is announcing a new program in which it will offer defaulting sellers six months in the property in exchange for the deed. Read the article and details here: …Continue

Education programs/Certifications for short sales. Who do you like best? Who is a waste of time?

Started this discussion. Last reply by Vanessa Calhoun May 27, 2010. 18 Replies

While the are a ton of ed sites on short sales and designations are being created out of thin air every day (or so it seems), let's share our insights and experiences. Four of the better known out…Continue

 

Steele V. Propp's Page

Latest Activity

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Steele V. Propp commented on Kathryn Lovell's blog post 'Housing Crisis to End in 2012? Standards-It might just be time to buy!'
Just saw another study that this would not be back on track until 2015.   The fact is no one can predict this.  IMHO   Steele
Jan 28
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Steele V. Propp replied to Cindy Billman, CDPE, SFR's discussion 'Wells Fargo Info Just Received' in the group Wells Fargo Short Sales
Yes, congrats on the closing.  You stuck with this even though it seemed to take forever.   Steele
Nov 4, 2011
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Steele V. Propp updated their profile Nov 4, 2011
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Steele V. Propp replied to Kenneth J. Ruffo's discussion 'Straight to Foreclosure' in the group Wells Fargo Short Sales
She needs to open a dialog with the lender immediately and find out just what stage things are at.  Foreclosure these days is a lengthy process so there is probably at least a couple of months (or more) before the house could be taken…
Jul 23, 2011
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Steele V. Propp commented on Chris B Johnson CDPE's blog post 'Must Read Article!! Exposing Fallacies in the CoreLogic Suspicious Short Sale Report'
Understand where you are coming from but there was an excellent point made in this article.  A short sale transaction is typically worth less than a market sale.  An investor who takes the time, money and effort to bring a property out of…
Jun 10, 2011
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Steele V. Propp commented on Chris B Johnson CDPE's blog post 'Must Read Article!! Exposing Fallacies in the CoreLogic Suspicious Short Sale Report'
Well written article.  Have thought myself that a presumption of guilt without looking at all angles of such transactions is wrong.
Jun 10, 2011
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Steele V. Propp replied to Azmi Alkurd's discussion 'BoA Short Sale Dual Agency'
I didn't miss the point.  Dual agency in common law does flow through the brokerage and this is what BOA is getting at.  One may not like it but that is the way it is.  And yes, they and others use an in-house transaction to cut…
May 31, 2011
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Steele V. Propp replied to Azmi Alkurd's discussion 'BoA Short Sale Dual Agency'
Contrary to the comment beforehand, it is not illegal for a seller to say that they will not accept dual ageny.  It is perfectly legal.  What would be illegal (breaking a contract) would be for an agent to say that they won't and does…
May 31, 2011
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Steele V. Propp replied to John E. Bonnett's discussion 'No leads in 6 months as a Preferred Partner' in the group Preferred Partners
I think it depends on the area you service.  Here in the Twin Cities we saw referral leads come in on a regular basis (1-2 a month on average).  Mind you, like all leads not all were ready to do anything or were just gathering information…
May 12, 2011
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Steele V. Propp left a comment for RC Associates Real Estate Invest
Welcome aboard,  It's a great group.
May 4, 2011
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Steele V. Propp left a comment for Ron Williams
Welcome to the shortsale network.  Lots of good information here.  One thing that potential shortsale buyer clients might find helpful is the 2011 Foreclosure Buyers Guide.   http://7eb93q3br5lh0rd90j9l3v4tav.hop.clickbank.net/
Apr 21, 2011
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Steele V. Propp left a comment for KEN STEELE
Welcome to the network.   By the way, great last name.  OK, I am bias :>)   Steele V. Propp
Apr 19, 2011
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Steele V. Propp replied to Bert Walker's discussion 'Chase approval requirement requires "Seller" to be responsible for any additional costs, which mayp cause true net than amount stated in "Net Proceeds to Lender.' in the group Negotiation Station
Usually this stance is to make sure you are correct in your HUD 1.  Better be high on your estimated costs or your seller is going to pay the difference.  Bank is simply saying that the net promised is what they expect.    Not a…
Apr 4, 2011
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Steele V. Propp replied to Bert Walker's discussion 'Green Tree contact says they won't negotiate promissory note until after close.' in the group Negotiation Station
The note is usually a condition of closing so it is not surprising that they won't negotiate something that they have already negotiated.  But that isn't to say that they wouldn't be open to such discussions some time down the…
Apr 4, 2011
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Steele V. Propp and Jennie Blackburn, Realtor, CDPE, are now friends Feb 21, 2011
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Steele V. Propp replied to Penny Howard's discussion 'Tenant Wants to Submit Offer on SS' in the group Wells Fargo Short Sales
Interesting if they don't like this as their REO department will usually look to a tenant as the first person to offer the property to.
Feb 3, 2011

Profile Information

Occupation
Realtor
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Twin City metro area of Minnesota. Full seven county metro coverage: Hennepin, Ramsey, Anoka, Carver, Dakota, Scott and Washington as well as portions of Sherburne and Wright counties.

Zipcodes:
55003,55005,55010,55012,55013,55014,55016,55024,55025,55031,55033,
55040,55042,55043,55044,55045,55047,55054,55055,55056,55065,55068,
55070,55071,55073,55075,55076,55077,55082,55085,55090,55092,55101,
55102,55103,55104,55105,55106,55107,55108,55109,55110,55111,55112,
55113,55114,55115,55116,55117,55118,55119,55120,55121,55122,55123,
55124,55125,55126,55127,55128,55129,55133,55144,55150,55164,55165,
55166,55175,55301,55302,55303,55304,55305,55306,55311,55313,55314,
55315,55316,55317,55318,55319,55320,55321,55322,55323,55327,55328,
55330,55331,55337,55339,55340,55341,55343,55344,55345,55346,55347,
55348,55349,55352,55356,55357,55358,55359,55360,55361,55362,55363,
55364,55365,55367,55368,55369,55371,55372,55373,55374,55375,55376,
55377,55378,55379,55380,55382,55384,55385,55386,55387,55388,55390,
55391,55392,55397,55398,55401,55402,55403,55404,55405,55406,55407,
55408,55409,55410,55411,55412,55413,55414,55415,55416,55417,55418,
55419,55420,55421,55422,55423,55424,55425,55426,55427,55428,55429,
55430,55431,55432,55433,55434,55435,55436,55437,55438,55439,55441,
55442,55443,55444,55445,55446,55447,55448,55449,55450,55454,55455,
55595,55596,55597,55598,55599,56011
Short Sale Designations and/or Special Training
CDPE (Certified Distressed Property Expert), Equator Certified, HRC (Home Retention Consultant)
Website
http://www.MinnesotaForeclosureNetwork.com
Short Sale Transactions Completed
10-25
Do you have any experience in Commercial Real Estate? If so, do you have the CCIM or any commercial designations? How many commercial transactions and dollar volume have you CLOSED?
I have had some commericial experience primarily with smaller apartment buildings and mixed commerical/residential properties. I normally close between one and two million in commercial type sales a year.
About Me/Profile of yourself: - Please add your Brokerage Company name also!
Over 25 years in real estate. Specialize in foreclosures, all phases. Last 7 years have worked exclusively with foreclosures, REOs and short sales. Extensive lender contacts and experience. I head up the Distressed Property Division of Home Avenue Real Estate dealing with both residential and commercial properties. We handle all phases of the foreclosure process from initial occupany checks, cash for keys, BPOs, working with eviction attorneys. to marketing, sale and closing of our property inventory. Servicers available for trashouts, lawn maintenance and snow removal as well as repairs as authorized. Full service Short Sale and REO Department.
Put in todays date! This is to help stop spammers!
November 4, 2011
PLEASE READ THIS!!! - This site is primarily for Realtors, REAL buyers or sellers with questions are welcome to ask, anyone here for other purposes may be banned. 1. Because this site is primarily for agents agents, Any soliciting is pointless and is not allowed. Please do not sell or promote products or services in any way, directly or indirectly. Do not link or sneak in links promoting your services on comments, posts, discussions or blogs. You may have links on your profile pages to your websites as long as your are not selling things other than real estate! Again, absolutely no outgoing links to your websites, blogs or listings 2. Do not speak disparagingly about members on this site. This community is meant to be helpful, and we are here to help each other. 3. We reserve the right to delete content and/or ban members that violate these rules. 4. Member Name (Full Name Field) format must be FIRST NAME, then LAST NAME! Please no company names, DESIGNATIONS, or website in the name field! Please read the terms of service under the "home" tab! IF YOU AGREE TO THESE TERMS, PLEASE TYPE "I AGREE" IN THE BOX BELOW!! Thanks for your cooperation, and welcome to the Network!
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Steele V. Propp's Blog

Steele V. Propp

HAMP redefault rates projected as going up

Posted on June 17, 2010 at 8:50am 1 Comment

This just in from DSNews:…
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Steele V. Propp

FTC wants to eliminate up front fees on loan mods

Posted on February 8, 2010 at 1:15pm 1 Comment

FTC says no more upfront loan modification fees



The Federal Trade Commission has proposed a new rule that would prohibit third parties, including loan modification specialists and loss mitigation attorneys, from collecting payment for foreclosure prevention services until after they obtain a documented offer from a lender or servicer for a modification or other form of mortgage relief. “Homeowners facing foreclosure or struggling to make mortgage payments shouldn’t have to contend…

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Comment Wall (23 comments)

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Join Short Sale Specialist Network

At 10:44pm on November 20, 2010, Eric Keith ColeEric Keith Cole said…
I am affiliated with Central Kentucky's #1 Real Estate Company, Rector Hayden Realtors. Rector Hayden Realtors has resources, available to me, to advertise and sell properties. I am solid on my knowledge and experience with Short Sales, Commissioner Sales, Foreclosures and REO’s.
At 11:31pm on August 03, 2010, Mike Linkenauger gave Steele V. Propp a gift…Mike Linkenauger
Gift
Certified Short Sale Guide (CSSG)
Certified Short Sale Guide (CSSG)
From the Gift Store
At 9:08am on May 18, 2010, Cora T. gave Steele V. Propp a gift…Cora T.
Gift
Thank You!
thank you for your supportive comment
From the Gift Store
At 9:45pm on May 7, 2010, Mike LinkenaugerMike Linkenauger said…
Happy Birthday Steele!
At 9:45pm on May 07, 2010, Mike Linkenauger gave Steele V. Propp a gift…Mike Linkenauger
Gift
Birthday Balloons
Birthday Balloons
From the Gift Store
At 2:44pm on May 7, 2010, JP OttJP Ott said…
Happy birthday!
At 11:28am on April 26, 2010, Jeffrey MishkinJeffrey Mishkin said…
Greetings to you Steve. Thanks for reaching out. Continued success to you and let's work to grow our respective businesses.
At 2:18pm on April 24, 2010, Ann-Margaret BoltonAnn-Margaret Bolton said…
Thank you! Looks like a lot of good information.
At 12:15pm on April 6, 2010, Jennifer YoungJennifer Young said…
Hi Steve - Thanks for the welcome...I believe I've seen your posts on LinkedIn as well...always great info.
Jennifer
At 10:03am on March 26, 2010, Darrell ClarkeDarrell Clarke said…
Thank you and I need to continue to update my profile.

View All Comments

 
 
 

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