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HUD Properties/Expert Profile

Steele V. Propp

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Expertise

I can answer most foreclosure related questions. Buying, selling, the process of foreclosure, Loss Mitigation, Short Sales, etc. Both for HUD and VA homes as well as conventional foreclosures. I work 100% in the Foreclosure arena, dividing my time equally between consumers going through foreclosure, people interested in buying foreclosures (investors and those looking for a home of their own for lesser cost), and with the lenders doing foreclosures. This unique three prong approach allows me to see all three sides of the typical foreclosure scenario. Our goal is to offer advice and create a win-win-win situation.

Experience in the area

19 years of bank owned housing experience.

Publications

Money Magazine, Real Estate Today and many newpapers, regional and national.

Education/Credentials

Foreclosure Specialist

Past/Present Clients

GMAC Mortgage, Horizon Management, and 43 other lenders involved in the foreclosure process.

Something interesting about this subject that others may not know:

For those in the foreclosure process or about to enter it, there are often alternatives to losing the property. But time is of the essence. With each passing day, the alternatives can disappear. Act quickly to learn what choices you have.

Average Ratings

Recent Reviews from Users

User	Date	K	C	T	P	Comments
Lisa	09/30/09	10	10	10	10
George Bowers III	09/03/09	10	10	10	10	the answer given was very clear, concise .....
Tommy	08/17/09	10	10	10	10	Thanks for your time.
Kathy	08/12/09	10	10	10	10	Thank you for your answers.
kathy	08/07/09	10	10	10	10	Wow! Such a fast response and very .....

Recent Answers from Steele V. Propp

2009-10-11 Renting a house to HUD?:

My specialization is in the foreclosure end of things. I have to beg off when it comes to use after the purchase. Especially in the area of rental. Go to the HUD website: www.hud.gov There you

2009-10-06 Listing FHA REO properties:

FHA is different from most, if not all, REO providers. They almost always have one company that services all it's listing in a geographical area. When they have an area open they put it out for bids

2009-09-29 Foreclosure Repairs:

I will have to give you a more general answer as I do not have all the details regarding the house. However, it is my experience in listing and selling bank owned houses for many years that the banks

2009-09-25 FHA & owner occupancy?:

You need to check your state tenant laws but in most areas you as a new owner inherit the leases already in place. So it is unlikely that you can evict anyone without just cause. Look up the statutes

2009-09-16 Becoming a HUD landlord:

I typically do not handle anything to do with rentals. However, there should be information on this at the HUD website. www.HUD.gov Most of these "goverment" programs (federal, state and local)

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