REO Foreclosure Specialist Frank Patrick On The Importance Of Dealing With Foreclosure Delays in 2011
Frank Patrick, Property Preservation and Trash Out Specialist, recently wrote about the tough time that REO professionals experienced at the end of 2010, and how 2011 could be much better.
Scottsdale, Ariz. – January 11, 2011 – Frank Patrick, foreclosure trash-out and reo specialist, recently wrote a blog discussing how the recent robo-signing scandal caused delays for those looking to buy REO Homes. “Foreclosures have been delayed because of the “robo-signing” scandal in which legal filings were processed by lending servicing companies without the necessary care or proper paperwork. That put a damper on those wanting to buy REO homes, as they had no choice but to be concerned whether the foreclosures in question might be overturned,” writes Frank Patrick.
In the blog published on http://www.ASREOS.com, called “ASREOS Blog: Looking Forward To 2011,” Frank explains, “The end of this temporary REO slowdown is near. Elizabeth Duke, Governor of the Federal Reserve, is projecting over two million more foreclosures both for 2011 and for 2012. That means that, one way or the other, the foreclosure delays will have to be dealt with – and done away with.”
“Common sense dictates that the roadblocks will have to be removed soon – letting loose a new giant wave of REO activity that will be swamping us all. So rest up now, all you REO pros, and get ready for a new year with a whole new start,” wrote Frank. “Both veteran and newbie REO professionals will find a lot of value at ASREOS (the American Society of REO Specialists), including important inside info on how to get REO listings and how to become a top-producing REO agent.”
The entire article can be found at http://www.asreos.com/blog/asreos-blog-looking-forward-to-2011.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