Scottsdale, Ariz. – August 25, 2010 – According to a recent article by Frank Patrick, foreclosure trash-out and reo specialist, a new economic downturn could create more foreclosures than ever before. Frank explains how the housing market will be experiencing an increased amount of REO foreclosures, on top of the already massive number that are already on the market.

In the article published on http://www.ASREOS.com, called “REO Listings: New Recession To Spur More REO Properties?” Frank explains that “for every home loan situation that’s improving, two are getting worse – with a total of over 7 million distressed loans currently held by banks.”

Frank writes, “More and more REO professionals will continue to be in demand to handle these specialized property transactions in the months to come, as they have been since the housing bubble first burst a few years ago. Already REO properties are in great demand because of the great value they present to the average homebuyer.”

“Training to become an REO agent and learning how to get REO listings will be an excellent career choice as joblessness continues to plague the country,” continued Frank.

The entire article can be found at http://www.asreos.com/articles/reo-listings-new-recession-to-spur-more-reo-properties.php

Frank Patrick is the founder of The American Society of REO Specialists, or ASREOS.  ASREOS is a national trade association founded in 2008 to assist ASREOS members in making contact with banks, lenders, asset management companies and property preservation companies that need competent REO professionals to service their REO properties.  ASREOS also enables members to network in a professional and supportive environment and offers ongoing dynamic, cutting-edge REO resources to help members grow their business and their own personal performance in the REO marketplace.  ASREOS also provides a comprehensive directory of REO professionals for banks, lenders, asset management companies and property preservation companies.

The online home of ASREOS (http://www.asreos.com), the American Society of REO Specialists, is growing in leaps and bounds to help REO professionals gain a competitive edge and get access to these lucrative listings.  ASREOS is the first REO trade association founded by REO experts, and it features advice from top REO agents, access to an exclusive database of over 130 REO sellers, and profiles of its members in an online searchable directory of REO vendors that banks, lenders and asset managers can utilize when looking for local agents to list and sell their REO properties.  Find out more at www.ASREOS.com.

About Frank Patrick:

Frank Patrick began his real estate career in 2000 after a 12-year stint in corporate America as a sales manager.  As a new real estate agent Frank knew that he wanted to find a niche within the real estate industry.  After months of research Frank decided to specialize in REO, an acronym for bank owned foreclosed homes.  Frank quickly became one of the top REO agents in the nation averaging over 100 transactions per year for the last 8 years.  In 2007 Frank’s production soared to over 214 sales.

In 2004 Frank and his brother Scott Patrick started a property preservation company to offer maintenance and repair services to banks with foreclosed homes.  Frank’s solid understanding of the REO industry and Scott’s 20+ years in the construction business was a recipe for success.  This year their property preservation business is on track to gross over one million dollars in revenue.  Today Frank manages his REO Real Estate Brokerage, REO Renegades an REO agent training business, his trade association The American Society of REO Specialists and is developing a national Franchise Property Preservation company, REO ResQ.

For more information please visit http://www.ASREOS.com

Scottsdale, Ariz. – July 14, 2010 – According to a recent article in Financial Planning Magazine, the author touts REO Homes as “the best real estate deal.”  Frank Patrick, foreclosure trash out and reo property specialist, recently cited and expounded upon this article in an article of his own.  Frank writes about the record number of foreclosures on the horizon, and the amount of REO Homes that this will bring to the market in the coming months.

In the artilcle on http://www.ASREOS.com, called “REO Listings: A Recognized Red-Hot Opportunity, Frank Patrick explains how REO buyers can generally expect prices that are up to a third less than the previous purchase price. Also, the attractiveness of an REO listing in a time of tight credit and a depressed housing market cannot be denied.

Frank writes, “Since the REO price is usually right, and there’s a good chance that, down the line, the REO buyer will end up making a sizeable profit on the property, there’s no question that the REO home market will continue to be a huge component of the real estate industry for the foreseeable future.”

Frank emphasizes that those interested in making real money in the real estate industry should investigate how to become an REO agent and how to get REO listings. “Training to become an REO agent and learning how to get REO listings will also continue to be a great career choice,” remarked Frank.

The entire article can be found at http://www.asreos.com/articles/reo-listings-a-recognized-red-hot-opportunity.php

Frank Patrick is the founder of The American Society of REO Specialists, or ASREOS.  ASREOS is a national trade association founded in 2008 to assist ASREOS members in making contact with banks, lenders, asset management companies and property preservation companies that need competent REO professionals to service their REO properties.  ASREOS also enables members to network in a professional and supportive environment and offers ongoing dynamic, cutting-edge REO resources to help members grow their business and their own personal performance in the REO marketplace.  ASREOS also provides a comprehensive directory of REO professionals for banks, lenders, asset management companies and property preservation companies.

The online home of ASREOS (http://www.asreos.com), the American Society of REO Specialists, is growing in leaps and bounds to help REO professionals gain a competitive edge and get access to these lucrative listings.  ASREOS is the first REO trade association founded by REO experts, and it features advice from top REO agents, access to an exclusive database of over 130 REO sellers, and profiles of its members in an online searchable directory of REO vendors that banks, lenders and asset managers can utilize when looking for local agents to list and sell their REO properties.  Find out more at www.ASREOS.com.

About Frank Patrick:

Frank Patrick began his real estate career in 2000 after a 12-year stint in corporate America as a sales manager.  As a new real estate agent Frank knew that he wanted to find a niche within the real estate industry.  After months of research Frank decided to specialize in REO, an acronym for bank owned foreclosed homes.  Frank quickly became one of the top REO agents in the nation averaging over 100 transactions per year for the last 8 years.  In 2007 Frank’s production soared to over 214 sales.

In 2004 Frank and his brother Scott Patrick started a property preservation company to offer maintenance and repair services to banks with foreclosed homes.  Frank’s solid understanding of the REO industry and Scott’s 20+ years in the construction business was a recipe for success.  This year their property preservation business is on track to gross over one million dollars in revenue.  Today Frank manages his REO Real Estate Brokerage, REO Renegades an REO agent training business, his trade association The American Society of REO Specialists and is developing a national Franchise Property Preservation company, REO ResQ.

For more information please visit http://www.ASREOS.com

Scottsdale, Ariz. – July 5, 2010 – According to a recent blog post by Frank Patrick, foreclosure trash-out and reo specialist, although the economy seems to be stabilizing somewhat, the REO market continues to grow by leaps and bounds.  Frank also describes how a whole new wave of foreclosures are due hit the market at any time.

In the blog on http://www.ASREOS.com, called “Foreclosures: Not Just Subprime Anymore,” Frank Patrick explains how many of the forthcoming foreclosures do not involve the risky subprime mortgages that helped bring about our current economic downturn.  Instead, they are more “mainstream” foreclosures caused, in part, by the current unemployment rate.

Frank writes, “Values have gone low enough where first time home buyers are now seeing REO properties as affordable and a good investment.  The problem is that these new buyers are worried about the whole process of buying REO homes – mostly the hidden costs that might be involved in buying foreclosures.”

“A lot of this trepidation comes from the actual physical condition of REO homes.   That’s why we can’t ignore the importance of completing proper Property Preservation services on these houses to make sure the buyer is happy with the look of the property,” Frank continued.  “I believe REO Sellers, brokers and agents all need to work together to educate the public about the REO buying process so that they won’t have these doubts about whether REO purchases are safe.”

The entire blog can be found at http://www.asreos.com/blog/foreclosures-not-just-subprime-anymore.php

Frank Patrick is the founder of The American Society of REO Specialists, or ASREOS.  ASREOS is a national trade association founded in 2008 to assist ASREOS members in making contact with banks, lenders, asset management companies and property preservation companies that need competent REO professionals to service their REO properties.  ASREOS also enables members to network in a professional and supportive environment and offers ongoing dynamic, cutting-edge REO resources to help members grow their business and their own personal performance in the REO marketplace.  ASREOS also provides a comprehensive directory of REO professionals for banks, lenders, asset management companies and property preservation companies.

The online home of ASREOS (http://www.asreos.com), the American Society of REO Specialists, is growing in leaps and bounds to help REO professionals gain a competitive edge and get access to these lucrative listings.  ASREOS is the first REO trade association founded by REO experts, and it features advice from top REO agents, access to an exclusive database of over 130 REO sellers, and profiles of its members in an online searchable directory of REO vendors that banks, lenders and asset managers can utilize when looking for local agents to list and sell their REO properties.  Find out more at www.ASREOS.com.

About Frank Patrick:

Frank Patrick began his real estate career in 2000 after a 12-year stint in corporate America as a sales manager.  As a new real estate agent Frank knew that he wanted to find a niche within the real estate industry.  After months of research Frank decided to specialize in REO, an acronym for bank owned foreclosed homes.  Frank quickly became one of the top REO agents in the nation averaging over 100 transactions per year for the last 8 years.  In 2007 Frank’s production soared to over 214 sales.

In 2004 Frank and his brother Scott Patrick started a property preservation company to offer maintenance and repair services to banks with foreclosed homes.  Frank’s solid understanding of the REO industry and Scott’s 20+ years in the construction business was a recipe for success.  This year their property preservation business is on track to gross over one million dollars in revenue.  Today Frank manages his REO Real Estate Brokerage, REO Renegades an REO agent training business, his trade association The American Society of REO Specialists and is developing a national Franchise Property Preservation company, REO ResQ.

For more information please visit http://www.ASREOS.com

Frank Patrick, Property Preservation and Foreclosure Trash Out Specialist, writes how the coming increase in new foreclosures will create a huge opportunity for reo agents, reo sellers and other reo professionals. 

Scottsdale, Ariz. – May 10, 2010 – According to a recent article written by Frank Patrick, foreclosure trash-out and reo specialist, many in the real estate industry predict recovery can only come if there are enough trained REO agents available who know how to properly handle and sell the properties that are likely to flood the market throughout 2010. 

In the artilcle on http://www.ASREOS.com, called “REO Listings: More Foreclosures, More REO Sales,” Frank Patrick explains how the latest numbers regarding foreclosures and REO properties indicate that it’s still an incredible time to become an REO agent and learn how to get REO listings – as there is certainly no shortage of bank-owned properties on the market. 

Frank writes, “The fact is that tens of thousands of loans are coming to foreclosure. And, because of the government simplifying the process, the actual foreclosures will happen twice as fast as in the past – so more REO properties will become available quicker.”  

“There are still about 5 million delinquent home loans out there that will be hitting the foreclosure stage soon.  The big banks are expecting foreclosures to really skyrocket near the end of 2010,” continued Frank. 

Frank emphasizes that those interested in making real money in the real estate industry should investigate how to become an REO agent and how to get REO listings. “Agents with the expertise to do BPO’s (Broker Price Opinions) and handle REO homes will find there is a continuing thriving market with buyers lining up to get a bargain on a home,” remarked Frank. 

The entire article can be found at http://www.asreos.com/blog/faster-reo-sales-faster-recovery.php

Frank Patrick is the founder of The American Society of REO Specialists, or ASREOS.  ASREOS is a national trade association founded in 2008 to assist ASREOS members in making contact with banks, lenders, asset management companies and property preservation companies that need competent REO professionals to service their REO properties.  ASREOS also enables members to network in a professional and supportive environment and offers ongoing dynamic, cutting-edge REO resources to help members grow their business and their own personal performance in the REO marketplace.  ASREOS also provides a comprehensive directory of REO professionals for banks, lenders, asset management companies and property preservation companies.

The online home of ASREOS (http://www.asreos.com), the American Society of REO Specialists, is growing in leaps and bounds to help REO professionals gain a competitive edge and get access to these lucrative listings.  ASREOS is the first REO trade association founded by REO experts, and it features advice from top REO agents, access to an exclusive database of over 130 REO sellers, and profiles of its members in an online searchable directory of REO vendors that banks, lenders and asset managers can utilize when looking for local agents to list and sell their REO properties.  Find out more at www.ASREOS.com.

About Frank Patrick:

Frank Patrick began his real estate career in 2000 after a 12-year stint in corporate America as a sales manager.  As a new real estate agent Frank knew that he wanted to find a niche within the real estate industry.  After months of research Frank decided to specialize in REO, an acronym for bank owned foreclosed homes.  Frank quickly became one of the top REO agents in the nation averaging over 100 transactions per year for the last 8 years.  In 2007 Frank’s production soared to over 214 sales.

In 2004 Frank and his brother Scott Patrick started a property preservation company to offer maintenance and repair services to banks with foreclosed homes.  Frank’s solid understanding of the REO industry and Scott’s 20+ years in the construction business was a recipe for success.  This year their property preservation business is on track to gross over one million dollars in revenue.  Today Frank manages his REO Real Estate Brokerage, REO Renegades an REO agent training business, his trade association The American Society of REO Specialists and is developing a national Franchise Property Preservation company, REO ResQ.

For more information please visit http://www.ASREOS.com 

Frank Patrick, Foreclosure Trash Out and Property Preservation Specialist, writes how REO sales and opportunities for REO agents and brokers are soon to increase, due to new HUD classifications. 

Scottsdale, Ariz. – May 4, 2010 – According to a recent blog post by Frank Patrick, foreclosure trash-out and reo specialist, the time it takes for an REO property to hit the market is likely to speed up in the coming months.  This is due to a new classification by HUD of what defines a foreclosed property. 

In the blog on http://www.ASREOS.com, called “Faster REO Sales, Faster Recovery,” Frank Patrick explains how HUD recently changed the definition of what a foreclosure is – by classifying any property that is at least 60 days behind on the mortgage or the property owner is 90 days or more delinquent on tax payments as a foreclosed home. 

Frank writes, “REO sales are accounting for almost a third of all home sales in recent months. And the big banks are expecting their foreclosures to balloon once again at the end of 2010, with some reports estimating REO portfolios will double, triple or even be six times as large by December.” 

“Obviously, if the process had not been streamlined, we would have been staring down a lot of bureaucratic gridlock trying to get all these REO listings taken care of. Thankfully, some positive action was taken,” Frank continued.  “This is an incredibly opportune time for all of us REO agents, brokers and other professionals.” 

The entire blog can be found at http://www.asreos.com/blog/faster-reo-sales-faster-recovery.php

Frank Patrick is the founder of The American Society of REO Specialists, or ASREOS.  ASREOS is a national trade association founded in 2008 to assist ASREOS members in making contact with banks, lenders, asset management companies and property preservation companies that need competent REO professionals to service their REO properties.  ASREOS also enables members to network in a professional and supportive environment and offers ongoing dynamic, cutting-edge REO resources to help members grow their business and their own personal performance in the REO marketplace.  ASREOS also provides a comprehensive directory of REO professionals for banks, lenders, asset management companies and property preservation companies.

The online home of ASREOS (http://www.asreos.com), the American Society of REO Specialists, is growing in leaps and bounds to help REO professionals gain a competitive edge and get access to these lucrative listings.  ASREOS is the first REO trade association founded by REO experts, and it features advice from top REO agents, access to an exclusive database of over 130 REO sellers, and profiles of its members in an online searchable directory of REO vendors that banks, lenders and asset managers can utilize when looking for local agents to list and sell their REO properties.  Find out more at www.ASREOS.com.

About Frank Patrick:

Frank Patrick began his real estate career in 2000 after a 12-year stint in corporate America as a sales manager.  As a new real estate agent Frank knew that he wanted to find a niche within the real estate industry.  After months of research Frank decided to specialize in REO, an acronym for bank owned foreclosed homes.  Frank quickly became one of the top REO agents in the nation averaging over 100 transactions per year for the last 8 years.  In 2007 Frank’s production soared to over 214 sales.

In 2004 Frank and his brother Scott Patrick started a property preservation company to offer maintenance and repair services to banks with foreclosed homes.  Frank’s solid understanding of the REO industry and Scott’s 20+ years in the construction business was a recipe for success.  This year their property preservation business is on track to gross over one million dollars in revenue.  Today Frank manages his REO Real Estate Brokerage, REO Renegades an REO agent training business, his trade association The American Society of REO Specialists and is developing a national Franchise Property Preservation company, REO ResQ.

For more information please visit http://www.ASREOS.com

Frank Patrick, Foreclosure Trash Out and Property Preservation Specialist, gives 4 steps to being consistent and accurate with your BPO’s, helping REO agents increase their REO listings. 

Scottsdale, Ariz. – April 29, 2010 – According to Frank Patrick, foreclosure trash-out and reo specialist, having 100% accurate and complete BPO’s (Broker Price Opinions) is a key ingredient needed for REO agents to have a continuous stream of REO listing assignments. 

In a recent article on http://www.ASREOS.com, called “How To Get REO Listings: Button Down Your BPO’s,” Frank Patrick emphasizes the importance of being accurate and complete with your BPO’s.  “BPO is a tool used by lenders and mortgage companies to value properties in situations where they believe the expense and delay of an appraisal is not necessary,” Frank writes.

Frank lays out in the article a formula that includes four key steps that REO Agents can take to help increase the accuracy of their BPO’s.  “If your adjustments aren’t consistent and on the money, then you’ll be asked to do it all over again – and your quality control score will suffer.    There’s a way to avoid that unfortunate situation – by using the formula in the article to accurately calculate the adjustment,” remarked Frank.

You can learn these four steps by reading the entire article, found at http://www.asreos.com/articles/how-to-get-reo-listings-button-down-your-bpo’s.php

Frank Patrick is the founder of The American Society of REO Specialists, or ASREOS.  ASREOS is a national trade association founded in 2008 to assist ASREOS members in making contact with banks, lenders, asset management companies and property preservation companies that need competent REO professionals to service their REO properties.  ASREOS also enables members to network in a professional and supportive environment and offers ongoing dynamic, cutting-edge REO resources to help members grow their business and their own personal performance in the REO marketplace.  ASREOS also provides a comprehensive directory of REO professionals for banks, lenders, asset management companies and property preservation companies.

The online home of ASREOS (http://www.asreos.com), the American Society of REO Specialists, is growing in leaps and bounds to help REO professionals gain a competitive edge and get access to these lucrative listings.  ASREOS is the first REO trade association founded by REO experts, and it features advice from top REO agents, access to an exclusive database of over 130 REO sellers, and profiles of its members in an online searchable directory of REO vendors that banks, lenders and asset managers can utilize when looking for local agents to list and sell their REO properties.  Find out more at www.ASREOS.com.

About Frank Patrick:

Frank Patrick began his real estate career in 2000 after a 12-year stint in corporate America as a sales manager.  As a new real estate agent Frank knew that he wanted to find a niche within the real estate industry.  After months of research Frank decided to specialize in REO, an acronym for bank owned foreclosed homes.  Frank quickly became one of the top REO agents in the nation averaging over 100 transactions per year for the last 8 years.  In 2007 Frank’s production soared to over 214 sales.

In 2004 Frank and his brother Scott Patrick started a property preservation company to offer maintenance and repair services to banks with foreclosed homes.  Frank’s solid understanding of the REO industry and Scott’s 20+ years in the construction business was a recipe for success.  This year their property preservation business is on track to gross over one million dollars in revenue.  Today Frank manages his REO Real Estate Brokerage, REO Renegades an REO agent training business, his trade association The American Society of REO Specialists and is developing a national Franchise Property Preservation company, REO ResQ.

For more information please visit http://www.ASREOS.com

Frank Patrick, REO Foreclosure Expert and founder of ASREOS, REO trade association, discusses how ASREOS is giving REO Agents,  Brokers and Property Preservation Contractors a distinct professional advantage in an increasingly crowded REO marketplace. 

Scottsdale, Ariz. – April 19, 2010 – In a recent blog post on http://www.ASREOS.com, Frank Patrick writes about the importance of professionalism in the REO Services industry and for those interested in entering the REO industry.  The blog, titled “How To Get REO Listings: Professionalism Pays Off!” explains how ASREOS is proving to be an invaluable resource for those looking to enter into the REO services industry.  Many people are anxious to get in on the current lucrative REO home sale industry – and ASREOS is providing an unbeatable professional advantage to its members. 

Frank Patrick wrote, “Between the advice our REO experts give out, as well as the things you can learn from other REO pros on our members-only forum, there’s a wealth of inside information you have access to that can give you an instant leg up on the competition.”

“If you want to make money in the REO business, this is the time to maximize all your advantages to stand out from the herd,” Frank continued.

Frank Patrick founded The American Society of REO Specialists was in 2008 with the following four goals. First, to assist ASREOS members in making contact with banks, lenders, asset management companies and property preservation companies that need competent REO professionals to service their REO properties.  Second, to enable ASREOS members to network in a professional and supportive environment. Third, to offer ongoing dynamic cutting-edge REO resources to help members grow their business and their own personal performance in the REO marketplace, and finally, to provide a comprehensive directory of REO professionals for banks, lenders, asset management companies and property preservation companies.

The online home of ASREOS (http://www.asreos.com), the American Society of REO Specialists, is growing in leaps and bounds to help REO professionals gain a competitive edge and get access to these lucrative listings.  ASREOS is the first REO trade association founded by REO experts, and it features advice from top REO agents, access to an exclusive database of over 130 REO sellers, and profiles of its members in an online searchable directory of REO vendors that banks, lenders and asset managers can utilize when looking for local agents to list and sell their REO properties.  Find out more at www.ASREOS.com.

The entire blog can be found at http://www.asreos.com/blog/how-to-get-reo-listings-professionalism-pays-off.php

About Frank Patrick:

Frank Patrick began his real estate career in 2000 after a 12-year stint in corporate America as a sales manager.  As a new real estate agent Frank knew that he wanted to find a niche within the real estate industry.  After months of research Frank decided to specialize in REO, an acronym for bank owned foreclosed homes.  Frank quickly became one of the top REO agents in the nation averaging over 100 transactions per year for the last 8 years.  In 2007 Frank’s production soared to over 214 sales.

In 2004 Frank and his brother Scott Patrick started a property preservation company to offer maintenance and repair services to banks with foreclosed homes.  Frank’s solid understanding of the REO industry and Scott’s 20+ years in the construction business was a recipe for success.  This year their property preservation business is on track to gross over one million dollars in revenue.  Today Frank manages his REO Real Estate Brokerage, REO Renegades an REO agent training business, his trade association The American Society of REO Specialists and is developing a national Franchise Property Preservation company, REO ResQ.

For more information please visit http://www.ASREOS.com

Frank Patrick, REO Foreclosure Expert and founder of REO trade association, ASREOS, writes about the importance of professionalism for REO Brokers, REO Sellers and REO Agents. 

Scottsdale, Ariz. – March 24, 2010 – In a recent blog post on http://www.ASREOS.com, Frank Patrick emphasizes the importance of professionalism in the REO Services industry. for those interested in entering the REO industry.  The blog, titled “How To Become An REO Agent: Professionalism Counts!” explains how many people are anxious to get in on the current lucrative REO home sale industry – and if the REO banks and asset managers don’t view them as dependable and reliable, they won’t get those REO listings. 

Frank Patrick wrote, “While everyone is anxious to be a part of a money-making business when the economy is in such a bad state, it’s not incredibly easy to immediately be accepted as an REO pro by REO banks and asset managers.”

“These are big companies who need to sell these foreclosed homes, not just homeowners like you and me who want to move to a different house. That’s why it’s very, very important to conduct yourself in a way that will put them at ease and gain their trust,” Frank continued.

Frank Patrick founded The American Society of REO Specialists was in 2008 with the following four goals. First, to assist ASREOS members in making contact with banks, lenders, asset management companies and property preservation companies that need competent REO professionals to service their REO properties.  Second, to enable ASREOS members to network in a professional and supportive environment. Third, to offer ongoing dynamic cutting-edge REO resources to help members grow their business and their own personal performance in the REO marketplace, and finally, to provide a comprehensive directory of REO professionals for banks, lenders, asset management companies and property preservation companies.

The online home of ASREOS (http://www.asreos.com), the American Society of REO Specialists, is growing in leaps and bounds to help REO professionals gain a competitive edge and get access to these lucrative listings.  ASREOS is the first REO trade association founded by REO experts, and it features advice from top REO agents, access to an exclusive database of over 130 REO sellers, and profiles of its members in an online searchable directory of REO vendors that banks, lenders and asset managers can utilize when looking for local agents to list and sell their REO properties.  Find out more at www.ASREOS.com.

About Frank Patrick:

Frank Patrick began his real estate career in 2000 after a 12-year stint in corporate America as a sales manager.  As a new real estate agent Frank knew that he wanted to find a niche within the real estate industry.  After months of research Frank decided to specialize in REO, an acronym for bank owned foreclosed homes.  Frank quickly became one of the top REO agents in the nation averaging over 100 transactions per year for the last 8 years.  In 2007 Frank’s production soared to over 214 sales.

In 2004 Frank and his brother Scott Patrick started a property preservation company to offer maintenance and repair services to banks with foreclosed homes.  Frank’s solid understanding of the REO industry and Scott’s 20+ years in the construction business was a recipe for success.  This year their property preservation business is on track to gross over one million dollars in revenue.  Today Frank manages his REO Real Estate Brokerage, REO Renegades an REO agent training business, his trade association The American Society of REO Specialists and is developing a national Franchise Property Preservation company, REO ResQ.

For more information please visit http://www.ASREOS.com

Frank Patrick, Mortgage Field Service and REO Specialist, writes about what REO agents can expect in 2010. 

Scottsdale, Ariz. – March 18, 2010 – In a recent blog on http://www.ASREOS.com, Frank Patrick points out the remarkable potential in 2010 for those interested in entering the REO industry. These include REO agents, REO brokers, REO Sellers and other REO companies.  The blog, titled “2010’s Incredible Potential For REO Agents,” explains how “what was a small niche of the real estate market has become a domineering force.”

Frank Patrick wrote, “As I saw this “perfect storm” of foreclosures coming, I knew it was the right moment to begin ASREOS (The American Society of REO Specialists) a little over a year ago. Now everyone wants to know how to get REO listings and obtain the inside knowledge necessary to deal with REO properties.”

“For any of you thinking this REO boom was just a momentary fluctuation, think again. Foreclosure rates and mortgage default numbers continue to escalate, because of the horrible jobs picture – and that picture isn’t expected to brighten any time soon,” Frank continued.

The American Society of REO Specialists was founded in 2008 and is guided by the following four goals. First, to assist ASREOS members in making contact with banks, lenders, asset management companies and property preservation companies that need competent REO professionals to service their REO properties.  Second, to enable ASREOS members to network in a professional and supportive environment. Third, to offer ongoing dynamic cutting-edge REO resources to help members grow their business and their own personal performance in the REO marketplace, and finally, to provide a comprehensive directory of REO professionals for banks, lenders, asset management companies and property preservation companies.

The online home of ASREOS (http://www.asreos.com), the American Society of REO Specialists, is growing in leaps and bounds to help REO professionals gain a competitive edge and get access to these lucrative listings.  ASREOS is the first REO trade association founded by REO experts, and it features advice from top REO agents, access to an exclusive database of over 130 REO sellers, and profiles of its members in an online searchable directory of REO vendors that banks, lenders and asset managers can utilize when looking for local agents to list and sell their REO properties.  Find out more at www.ASREOS.com.

About Frank Patrick:

Frank Patrick began his real estate career in 2000 after a 12-year stint in corporate America as a sales manager.  As a new real estate agent Frank knew that he wanted to find a niche within the real estate industry.  After months of research Frank decided to specialize in REO, an acronym for bank owned foreclosed homes.  Frank quickly became one of the top REO agents in the nation averaging over 100 transactions per year for the last 8 years.  In 2007 Frank’s production soared to over 214 sales.

In 2004 Frank and his brother Scott Patrick started a property preservation company to offer maintenance and repair services to banks with foreclosed homes.  Frank’s solid understanding of the REO industry and Scott’s 20+ years in the construction business was a recipe for success.  This year their property preservation business is on track to gross over one million dollars in revenue.  Today Frank manages his REO Real Estate Brokerage, REO Renegades an REO agent training business, his trade association The American Society of REO Specialists and is developing a national Franchise Property Preservation company, REO ResQ.

For more information please visit http://www.ASREOS.com

Frank Patrick, Foreclosure Trash Out and Property Preservation Specialist, highlights some facts and figures about hidden REO properties in a recent article. 

Scottsdale, Ariz. – February 10, 2010 – The “Shadow Inventory,” explained by Frank Patrick in a recent article on http://www.ASREOS.com, are foreclosure properties that have yet to be officially recorded or to become part of the massive amount of REO listings currently for sale all across America.  “There could be as many as seven million potential REO homes that are still in this ‘shadow inventory.’ Those are seven million REO homes that will need agents and brokers who possess the proper training in dealing with REO properties,” remarked Frank Patrick.

Frank Patrick is the founder of The American Society of REO Specialists, or ASREOS.  ASREOS is a national trade association founded in 2008 to assist ASREOS members in making contact with banks, lenders, asset management companies and property preservation companies that need competent REO professionals to service their REO properties.  ASREOS also enables members to network in a professional and supportive environment and offers ongoing dynamic, cutting-edge REO resources to help members grow their business and their own personal performance in the REO marketplace.  ASREOS also provides a comprehensive directory of REO professionals for banks, lenders, asset management companies and property preservation companies.

In the article, “How To Become An REO Agent: The Shadow Inventory,” Frank Patrick writes, “2010 is going to be another huge year for REO sales, no matter how you look at the picture – and probably another record-breaker. REO homes also continue to be the hot real estate category that buyers are interested in, due to the value they provide.”

The online home of ASREOS (http://www.asreos.com), the American Society of REO Specialists, is growing in leaps and bounds to help REO professionals gain a competitive edge and get access to these lucrative listings.  ASREOS is the first REO trade association founded by REO experts, and it features advice from top REO agents, access to an exclusive database of over 130 REO sellers, and profiles of its members in an online searchable directory of REO vendors that banks, lenders and asset managers can utilize when looking for local agents to list and sell their REO properties.  Find out more at www.ASREOS.com.

About Frank Patrick:

Frank Patrick began his real estate career in 2000 after a 12-year stint in corporate America as a sales manager.  As a new real estate agent Frank knew that he wanted to find a niche within the real estate industry.  After months of research Frank decided to specialize in REO, an acronym for bank owned foreclosed homes.  Frank quickly became one of the top REO agents in the nation averaging over 100 transactions per year for the last 8 years.  In 2007 Frank’s production soared to over 214 sales.

In 2004 Frank and his brother Scott Patrick started a property preservation company to offer maintenance and repair services to banks with foreclosed homes.  Frank’s solid understanding of the REO industry and Scott’s 20+ years in the construction business was a recipe for success.  This year their property preservation business is on track to gross over one million dollars in revenue.  Today Frank manages his REO Real Estate Brokerage, REO Renegades an REO agent training business, his trade association The American Society of REO Specialists and is developing a national Franchise Property Preservation company, REO ResQ.

For more information please visit http://www.ASREOS.com