Steele V. Propp replied to PropBrker's discussion Any Excellen assignments coming soon?
"Haven't heard anything lately. Last comments I saw from the Excellen reps was things might start happening Aug or Sept.

Nothig so far."
Aug 16, 2010
Steele V. Propp replied to Chuck Lyons's discussion Decrease in Assignments
"A little cynical there, John.

Yes, while not being told this directly we have seen a "spreading out" of the assignments. Seems to be somewhat political but that is not surprising these days. And yes, some of these newer agents are rank amateurs.…"
Jul 8, 2010
Steele V. Propp replied to Dr. Marqueze D. Williams, Sr, NRBA's discussion DOES ANY ONE KNOW OF ANY NEW REO COMPANIES GIVING OUT BUSINESS TO BROKERS?
"They also seem to be in a limited number of states."
Jul 8, 2010
Steele V. Propp posted a discussion
Has anyone here worked with these guys?  Good, bad or indifferent?  Would appreciate comments. Steele
Jul 8, 2010
Steele V. Propp replied to Marcy Moyer's discussion Getting a Listing from a BPO
"Depends. You may or may not be getting BPO orders from an actual asset management company. Or you may be a secondary BPO provider.

Doing BPOs has less and less with getting REO listings as many of those ordering them have nothing to do with the REO…"
Jul 2, 2010
Steele V. Propp left a comment for Michele Blinn-Barreiro
"Yes, I joined the "pay" program. I have gotten a number of leads from them and already have two listings with a couple more on the way.

In fact, these are the only guys regularly sending me leads. Now, it may depend on area but for me it has been…"
Jun 21, 2010
Steele V. Propp replied to David Kinyon's discussion RES.NET REO listings?
"Are all of you AMP members? I haven't gotten any BPO or REO business from RESNET but I just have the basic membership so far."
May 22, 2010
Steele V. Propp replied to Hugo W Meza's discussion Old Republic Sending Invitation to become REO Agent
"That has happened to me as well a couple of times recently."
May 10, 2010
Steele V. Propp replied to Mike Linkenauger's discussion How to get LOTS of Listing Assignments/Referrals from us!
"This does work, guys. Already have several leads and are good ones."
Apr 27, 2010
Steele V. Propp replied to Dianne Clayton's discussion Referral Fee for an REO...
"You may want to clarify this. In most cases I have run into, it is a situation of a total of 6% commission with 1% going to the asset management company, and 2.5% to buyer and seller broker respectively. Otherwise, it is usally spelled out very…"
Apr 24, 2010
Steele V. Propp commented on C J Johnson, Broker/SFR/CRS/ABR's blog post Are You in REO Denial?
"After a major slowdown for the last three months, I am seeing a bit of pickup here in the Twin Cities, Minnesota. Nothing huge at this point but some signs of the REO business thawing a bit.

Having added short sales to my work load, I think both…"
Apr 24, 2010
Steele V. Propp commented on Carolyn Kruse's blog post Do you know about the HAMP and HAFA regulations? Are You Aware this takes effect on April 5, 2010?
"Several of the HAFA incentives were increase this last Friday the 26th. For example, the relocation assistance and the subordinate lien amounts were both doubled."
Apr 2, 2010
Steele V. Propp commented on Carolyn Kruse's blog post Do you know who is eligible for a Short Sale under the new federal regulations, HAFA?
"My reading of the HAFA rules suggests that the borrower does not have to go through HAMP but can request a short sale direct if they fit the rest of the requirements. If that is not correct could you show us where it says that?"
Apr 2, 2010
Steele V. Propp replied to Courtney Peace Hagins's discussion New Company - REO EXCHANGE - What Another?
"Same here. If we paid for every group and designation available out there we would all be broke.

Some may be legit but I will wait until someone has comments, good or bad."
Mar 25, 2010
Steele V. Propp replied to Steele V. Propp's discussion Bank of New York Mellon
"Thanks, Kimmie. Gives me a place to start."
Mar 18, 2010
Steele V. Propp replied to Rose Mencia's discussion Big BPO SLAMM??
"Same old, same old in Twin Cities of Minnesota. Nothing unusual in numbers here.

Steele"
Mar 15, 2010
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