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- Steele V. Propp
Foreclosure/Expert Profile
Steele V. Propp
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Expertise
Can answer questions on all areas of the foreclosure process both judicial and non-judicial. Also on loss mitigation and foreclosure prevention including loan modification, short sales and deed in lieu of foreclosure. Also can assist with questions on purchasing property in foreclosure and already bank owned (REO, Real Estate Owned). Both as an investor and/or a homeowner.
Experience in the area
I have 18 years of working with the foreclosure industry as a Foreclosure Specialist. Currently work with over 20 major lenders as well as a dozen asset management companies. Head up the Bank Owned Property Division of the Schatz Real Estate Group located in Minneapolis, MN. Regularly consult and advise consumers from across the county.
Organizations
I belong to the Realtor Association at the National, State and Local levels. Also the Real Estate Investors Association. The Real Estate Educators Association. The National Association of Real Estate Consultants. The Short Sale Specialist Network. As well as number foreclosure related industry organizations.
Publications
Consumer Reports, Money magazine, Consumer Digest and many local and national newspapers.
Education/Credentials
Bachelors Degree work in Psycholgy and Economics. Masters Degree work in Counseling Over 15 real estate designations. Specialized ongoing study of foreclosures, short sales, mortgages and real estate.
Awards and Honors
Diamond Award from the Certified Residential Specialist (CRS) origanization. Chapter of the Heart as President of the Minnesota CRS Chapter. Consumer-Certified Real Estate Consultant Certified Distressed Property Expert
Past/Present Clients
GMAC Asset Management, First American REO, HomEquity REO, Keystone Asset Management, Greentree, REOWorld, ServiceLink and more.
Average Ratings
Recent Reviews from Users
K = Knowledgeability C = Clarity of Response P = Politeness| User | Date | K | C | P | Comments |
|---|---|---|---|---|---|
| Kamie | 04/29/12 | 10 | 10 | 10 | Thank you very much for this response ..... |
| becky | 04/28/12 | 10 | 10 | 10 | |
| Mary | 04/15/12 | 10 | 10 | 10 | Steele, Thank you so much for the ..... |
| Andre | 03/03/12 | 10 | 10 | 10 | Superb and timely response to my inquiry ..... |
| Bill | 03/03/12 | 9 | 9 | 10 | Very helpful and clear in explanation! Also ..... |
Recent Answers from Steele V. Propp
2012-04-24 grant deed:
If you can't give clear title you are correct in that you can't sell to another party. I am not sure if you can even give the property back to the bank through a deed in lieu. Have you talked to them
2012-04-22 Squatting:
Not an attorney myself, but eviction process is different in every state and also in many cities. You need to contact the Sheriff office and ask for the civil division and discuss with the officer how
2012-04-16 Foreclosure/bankruptcy:
Some of your questions are legal so,yes, I would be talking to an attorney that specializes in that field (especially bankruptcy). As to the trailer, yes, I would contact the lender and offer a settlement
2012-04-12 Vacating property at end of foreclosure redemption period:
Lots of questions but good ones. Some will depend on the particular lender but I will answer each the typical way things are done. 1) For the time being keep the keys. When the bank takes over they
2012-04-05 Forclosure:
Typically in this situation you would not be on the hook. More than likely, the foreclosing lender and attorneys are just seeing the original file and do not know of the divorce or the quit claim deed
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