REO Foreclosure Specialist Frank Patrick On The Importance Of Dealing With Foreclosure Delays in 2011

Posted by admin on Jan 11th, 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

Trash Out Company REO RESQ Founder Frank Patrick On The Unstoppable Momentum Of The Real Estate Crisis

Posted by admin on Jan 10th, 2011

Frank Patrick, founder of foreclosure clean out and property preservation franchise REO RESQ™, explains that without a foreclosure freeze, the demand for foreclosure trash outs will continue.

Scottsdale, Ariz. – January 10, 2011 – In a recent article by Frank Patrick, one of the country’s top property preservation and trash out experts, Frank notes that even with the uncertainty last month because of the banks’ problems with foreclosure paperwork, and even with the parade of delays and backtracking on that paperwork, October still broke records for the number of foreclosures.

In the blog titled “Foreclosure Trash Outs Blog: No Foreclosure Freeze Means More Property Preservation Work,” Frank discusses why property preservation is the biggest foreclosure business opportunity for those looking for a new source of income.

“Because property preservation is the biggest foreclosure business opportunity, those who were smart enough to get into the business early on will continue to clean up.  We personally trained some of the biggest success stories – who quickly found themselves making four or even five figures a week,” wrote Frank Patrick.

“It’s not too late to become part of this incredible industry.  Analysts estimate that this foreclosure crisis will continue into 2014 – and that the unprecedented need for property preservation services will continue to grow as well.  Our expert training gives anyone who wants to start a property preservation company an instant leg up on the competition.   My brother and I have over a decade each of experience in this niche business and we know the exact right steps you need to take in order to get your new foreclosure trash out business off to a perfect start,” Frank continued.

Frank’s nationwide franchise, REORESQ™, is helping entrepreneurs all across the country start up and successfully operate property preservation franchises.  Frank believes that 2010 will provide incredible opportunities for field service companies, property preservation contractors, and trash out businesses.

In addition to being the founder of the property preservation franchise REO RESQ™, Frank Patrick is also the founder of American Society of REO Specialists™ (ASREOS). Patrick was recently featured in Newsweek, The Wall Street Journal and USA Today for his expertise and success in the REO Sales and REO agent training industry.

Read the entire article at http://www.reoresq.com/blog/foreclosure-trash-outs-blog-no-foreclosure-freeze-means-more-property-preservation-work.php

For more information on Frank Patrick and REO RESQ™ please visit http://www.REORESQ.com

About REO RESQ™:

REO RESQ™ was begun by two brothers with the perfect blend of credentials – one with an extensive background as a top REO broker, the other with years of experience in construction.   Starting as a small family business in Kansas City, Missouri, REO RESQ™ offered property preservation and default management services to banks, lenders, asset management companies and REO agents.

In the past five years, the success of REO RESQ™ resulted in it becoming the first nationally franchised company providing comprehensive property preservation and asset management services for REO properties.  REO RESQ™ provides the full spectrum of Property Preservation services including:

Inspect – occupancy and property condition inspections

Secure – lock changes, lock box installation, evictions, board ups

Preserve – winterization, emergency repairs, pool service

Prepare – trash & debris removal, janitorial service, landscaping

Repair – repair of minor health and safety issues, code violations

Maintain – ongoing lawn care, maid service and pool maintenance

REO RESQ™ guarantees quality work delivered on your schedule to get your REO listings “ready for market” – and looking their best for a quick sale.  All our franchisees are fully licensed and properly insured – and trained by REO field service experts to provide the level of property preservation service that you desire.  We strive to limit your out-of-pocket expenses while providing world-class service.

REO RESQ™ understands your business – because it’s our business.

For more information please visit http://www.REORESQ.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 9 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 and http://www.REORESQ.com

Trash Out Company REO RESQ Founder Frank Patrick Explains How Property Preservation Companies Continue To Prosper

Posted by admin on Jan 7th, 2011

Frank Patrick, founder of foreclosure clean out and property preservation franchise REO RESQ™, explains why property preservation is such an attractive business, and will continue to be so in 2011.

Scottsdale, Ariz. – January 7, 2011 – In a recent article by Frank Patrick, one of the country’s top property preservation and trash out experts, Frank writes about how it looks like there will be an agreement between the major banks and the attorney generals in all 50 states to improve the foreclosure process, making it clear that there will continue to be a huge demand for property preservation companies.

In the article titled “Foreclosure Trash Outs: Signs Point To More Demand,” Frank gives a few reasons why property preservation is the biggest foreclosure business opportunity, including quick startup, minimal investment, quick ramp-up and incredible demand.

“In some cities, having enough foreclosure trash out professionals can be crucial.  In Phoenix, Arizona, for example, 65% of home sales in October involved either new foreclosures or foreclosed homes that were resold.  All of those homes required property preservation services to secure, maintain and repair them, so they could be ready for market,” wrote Frank Patrick.

“In many areas of the country, untended foreclosures threaten to scar neighborhoods and bring down already-depressed property values.   That’s why many local governments are passing legislation designed to force REO owners to either promptly hire property preservation companies or face steep fines.  Many communities are also accessing government funds to finance their own foreclosure trash outs when the owner of a vacant home can’t be found,” Frank continued.

Frank’s nationwide franchise, REORESQ™, is helping entrepreneurs all across the country start up and successfully operate property preservation franchises.  Frank believes that 2010 will provide incredible opportunities for field service companies, property preservation contractors, and trash out businesses.

In addition to being the founder of the property preservation franchise REO RESQ™, Frank Patrick is also the founder of American Society of REO Specialists™ (ASREOS). Patrick was recently featured in Newsweek, The Wall Street Journal and USA Today for his expertise and success in the REO Sales and REO agent training industry.

Read the entire article at http://www.reoresq.com/articles/foreclosure-trash-outs-signs-point-to-more-demand.php

For more information on Frank Patrick and REO RESQ™ please visit http://www.REORESQ.com

About REO RESQ™:

REO RESQ™ was begun by two brothers with the perfect blend of credentials – one with an extensive background as a top REO broker, the other with years of experience in construction.   Starting as a small family business in Kansas City, Missouri, REO RESQ™ offered property preservation and default management services to banks, lenders, asset management companies and REO agents.

In the past five years, the success of REO RESQ™ resulted in it becoming the first nationally franchised company providing comprehensive property preservation and asset management services for REO properties.  REO RESQ™ provides the full spectrum of Property Preservation services including:

Inspect – occupancy and property condition inspections

Secure – lock changes, lock box installation, evictions, board ups

Preserve – winterization, emergency repairs, pool service

Prepare – trash & debris removal, janitorial service, landscaping

Repair – repair of minor health and safety issues, code violations

Maintain – ongoing lawn care, maid service and pool maintenance

REO RESQ™ guarantees quality work delivered on your schedule to get your REO listings “ready for market” – and looking their best for a quick sale.  All our franchisees are fully licensed and properly insured – and trained by REO field service experts to provide the level of property preservation service that you desire.  We strive to limit your out-of-pocket expenses while providing world-class service.

REO RESQ™ understands your business – because it’s our business.

For more information please visit http://www.REORESQ.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 9 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 and http://www.REORESQ.com

Foreclosure Trash-Out Specialist Frank Patrick Discusses The 2011 Foreclosure Forecast

Posted by admin on Jan 7th, 2011

Frank Patrick, Property Preservation and REO Specialist, recently discussed the 2011 REO projections revealed to congress by the Federal Reserve Governor.

Scottsdale, Ariz. – January 7, 2011 – Frank Patrick, foreclosure trash-out and reo specialist, recently wrote an article explaining the recent report by the Federal Reserve that laid out it’s 2011 predictions for foreclosure filings.  The report stated that the Federal Reserve expects approximately 4.25 million more foreclosure filings in the next two years, with two million plus expected in 2011 as well as in 2012, similar to the record amount of foreclosures that occurred during this year.

In the article published on http://www.ASREOS.com, called “REO Listings: 2011 Foreclosure Forecast Predicts Two Million More REOs,” Frank explains, “The pace of both foreclosures and REO sales has slowed in the final quarter of 2010, due to uncertainty over lenders’ problematic processing of foreclosures.  REO buyers have been reluctant to invest in distressed properties until these legal troubles have been resolved.”

“A current REO inventory of around two million homes as well as the more than four million that are expected to come through the pipeline in the months to come, there is little doubt that 2011 will see a renewed boom both in foreclosures and in REO sales, due to continuing economic pressures – as experts see little chance of a housing recovery unless REO properties are promptly processed and sold,” Frank continued.

The entire article can be found at http://www.asreos.com/articles/reo-listings-2011-foreclosure-forecast-predicts-two-million-more-reos.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

REO Foreclosure Specialist Frank Patrick Discusses Growth in REO Inventory, Business Opportunities

Posted by admin on Dec 6th, 2010

Frank Patrick, Property Preservation and Trash Out Specialist, recently discussed how the REO industry is currently one of the few growth opportunities in America.

Scottsdale, Ariz. – December 6, 2010 – Frank Patrick, foreclosure trash-out and reo specialist, recently wrote a blog discussing why training to become an REO agent is still an amazing opportunity for anyone needing a new career.  “There are so many REO listings that need to be handled, and there are going to be so many more in the coming months that REO agents and brokers are going to continuously be in high demand,” writes Frank Patrick.

In the blog published on http://www.ASREOS.com, called “The REO Inventory Grows – And So Does The Business Opportunity,” Frank explains, “The trick is REO sellers want people who know what they’re doing. And that’s why I founded ASREOS (the American Society of REO Specialists) a few years ago.  With over ten years of experience as a top national REO agent and coach, I wanted to put together the first REO professional association run by people who knew the REO business inside out.”

The entire article can be found at http://www.asreos.com/blog/asreos-blog-the-reo-inventory-grows-and-so-does-the-business-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

Trash Out Company REO RESQ Founder Frank Patrick On The Huge Property Preservation Business Opportunity

Posted by admin on Dec 3rd, 2010

Frank Patrick, founder of foreclosure clean out and property preservation franchise REO RESQ™, explains how hundreds of billions of dollars worth of foreclosures are still to come.

Scottsdale, Ariz. – December 3, 2010 – In a recent article by Frank Patrick, one of the country’s top property preservation and trash out experts, Frank writes about how banks across the country still have hundreds of billions of dollars worth of homes somewhere in the foreclosure process – which means an incredible amount of work still to come for all property preservation and foreclosure trashout companies.

In the article titled “Foreclosure Trash Outs: The Huge Property Preservation Business Opportunity Continues,” Frank describes that with the peak of the foreclosure crisis still not at hand,  neighborhoods all across America are desperately in need of property preservation specialists.

“Those in need of a new career in this still-depressed economy need look no further than foreclosure trashouts as a way to generate some much-needed cash.  One of the few real growth industries out there, property preservation (the cleaning, repairing and maintaining of foreclosed homes) continues to be the biggest foreclosure business opportunity around,” wrote Frank Patrick.

“What happens when property preservation isn’t promptly performed on vacant homes?  Well, in Lynn, Massachusetts, you end up paying $30,000 for rat control.  They’ve had an unprecedented number of the four-legged rodents in recent months – and the city pretty much knows why,” Frank continued.

Frank’s nationwide franchise, REORESQ™, is helping entrepreneurs all across the country start up and successfully operate property preservation franchises.  Frank believes that 2010 will provide incredible opportunities for field service companies, property preservation contractors, and trash out businesses.

In addition to being the founder of the property preservation franchise REO RESQ™, Frank Patrick is also the founder of American Society of REO Specialists™ (ASREOS). Patrick was recently featured in Newsweek, The Wall Street Journal and USA Today for his expertise and success in the REO Sales and REO agent training industry.

Read the entire article at http://www.reoresq.com/articles/foreclosure-trash-outs-the-huge-property-preservation-business-opportunity-continues.php

For more information on Frank Patrick and REO RESQ™ please visit http://www.REORESQ.com

About REO RESQ™:

REO RESQ™ was begun by two brothers with the perfect blend of credentials – one with an extensive background as a top REO broker, the other with years of experience in construction.   Starting as a small family business in Kansas City, Missouri, REO RESQ™ offered property preservation and default management services to banks, lenders, asset management companies and REO agents.

In the past five years, the success of REO RESQ™ resulted in it becoming the first nationally franchised company providing comprehensive property preservation and asset management services for REO properties.  REO RESQ™ provides the full spectrum of Property Preservation services including:

Inspect – occupancy and property condition inspections

Secure – lock changes, lock box installation, evictions, board ups

Preserve – winterization, emergency repairs, pool service

Prepare – trash & debris removal, janitorial service, landscaping

Repair – repair of minor health and safety issues, code violations

Maintain – ongoing lawn care, maid service and pool maintenance

REO RESQ™ guarantees quality work delivered on your schedule to get your REO listings “ready for market” – and looking their best for a quick sale.  All our franchisees are fully licensed and properly insured – and trained by REO field service experts to provide the level of property preservation service that you desire.  We strive to limit your out-of-pocket expenses while providing world-class service.

REO RESQ™ understands your business – because it’s our business.

For more information please visit http://www.REORESQ.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 9 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 and http://www.REORESQ.com

Field Service and Property Preservation Franchise, REO ResQ, Announces New Franchisee in West Denver, Colo.

Posted by admin on Dec 1st, 2010

Frank Patrick, founder of field service company and property preservation franchise REO RESQ™, announces the opening of REO ResQ™ of West Denver.

Denver, Colo. – December 1, 2010 – Denver, Colorado is again home to the newest location for foreclosure clean out franchise, REO ResQ™. According to Frank Patrick, founder of REO ResQ™ and one of the country’s top REO (Real Estate Owned/Bank Foreclosure) experts, banks across the country still have hundreds of billions of dollars worth of homes somewhere in the foreclosure process – which means an incredible amount of work still to come for all property preservation and foreclosure trashout companies.

Neighborhoods all across America are desperately in need of property preservation specialists.   Mark Chagnon, along with Christopher and Carrin Atencio, of Shadow Mountain Solutions, LLC, have recently opened the newest REO ResQ™ service location in Lakewood, Colorado, near Denver.

“As new foreclosures hits the market, lenders will be looking for reliable property preservation and trash out companies that specialize in re-keying, debris removal, lawn maintenance, etc.” remarked Frank Patrick.  “Keeping these REO properties in good shape and maintaining their value will be a top priority for the lenders.  This is the perfect time for a trash out business in Denver and across the country,” continued Patrick.

For more information on REO RESQ™ of West Denver please visit http://www.reoresq.com/current-locations#Colorado

REO ResQ of West Denver

Mark Chagnon

P.O. Box 280816

Lakewood, CO 80228

Phone: 303-919-3286

About REO RESQ™:

REO RESQ™ was begun by two brothers with the perfect blend of credentials – one with an extensive background as a top REO broker, the other with years of experience in construction.   Starting as a small family business in Kansas City, Missouri, REO RESQ™ offered property preservation and default management services to banks, lenders, asset management companies and REO agents.

In the past five years, the success of REO RESQ™ resulted in it becoming the first nationally franchised company providing comprehensive property preservation and asset management services for REO properties.  REO RESQ™ provides the full spectrum of Property Preservation services including:

Inspect – occupancy and property condition inspections

Secure – lock changes, lock box installation, evictions, board ups

Preserve – winterization, emergency repairs, pool service

Prepare – trash & debris removal, janitorial service, landscaping

Repair – repair of minor health and safety issues, code violations

Maintain – ongoing lawn care, maid service and pool maintenance

REO RESQ™ guarantees quality work delivered on your schedule to get your REO listings “ready for market” – and looking their best for a quick sale.  All our franchisees are fully licensed and properly insured – and trained by REO field service experts to provide the level of property preservation service that you desire.  We strive to limit your out-of-pocket expenses while providing world-class service.

REO RESQ™ understands your business – because it’s our business.

For more information please visit http://www.REORESQ.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 9 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 and http://www.REORESQ.com

Foreclosure Trash-Out Specialist Frank Patrick: Current REO Inventory Will Take 40 Months To Clear

Posted by admin on Dec 1st, 2010

Frank Patrick, Property Preservation and REO Specialist, recently discussed how foreclosure actions are up sharply in cities across America and how it will take months to clear the current inventory.

Scottsdale, Ariz. – December 1, 2010 – Frank Patrick, foreclosure trash-out and reo specialist, recently wrote an article discussing how a huge amount of REO homes are still held by lenders. With an estimated 7.5 million REO homes yet to be listed, it will take some time for major banks to liquidate these properties.

In the article published on http://www.ASREOS.com, called “REO Listings: Current REO Inventory Will Take 40 Months To Clear,” Frank explains, “Currently, it takes roughly 18 months for an REO home to be processed and resold, from the date of the last mortgage payment. These numbers all but guarantee that REO listings will continue to account for a huge chunk of all real estate sales for at least the next three to four years.”

“A new spike in foreclosures will also add considerably to the overall REO inventory.  Ongoing foreclosure actions are beginning to experience big jumps in other areas across America.  While most of the attention has gone to Florida, California, Nevada and Arizona – the ‘big four’ which have experienced the biggest surge in REO properties over the past few years – other cities and states are suddenly seeing dramatic increases,” Frank continued.

The entire article can be found at http://www.asreos.com/articles/reo-listings-current-reo-inventory-will-take-40-months-to-clear.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

REO Foreclosure Specialist, Frank Patrick, Explains How Stopping Foreclosures Will Threaten Housing Recovery

Posted by admin on Nov 8th, 2010

Frank Patrick, Property Preservation and Trash Out Specialist, recently discussed how economic experts are decrying the push to freeze foreclosures, claiming that it will damper the housing recovery

Scottsdale, Ariz. – November 8, 2010 – Frank Patrick, foreclosure trash-out and reo specialist, recently wrote an article discussing how REO sales have become an increasingly important sector of the real estate market, especially in states that have been hardest hit by the housing crisis, and how any attempt to slow down the foreclosure process could imperil the beginnings of a fragile housing recovery.

In the article published on http://www.ASREOS.com, called “REO Listings: Stopping Foreclosures Will Threaten Housing Recovery.” Frank explains, “Some numbers in August pointed to the possible start of such a recovery; sales of previously-owned homes increased for the second month in a row.  Now, because of some paperwork irregularities by overwhelmed REO sellers and election-year posturing, some legislators have called for a halt to all foreclosures.”

“Economists and real estate experts are mostly in agreement on what the effect of that action would be,” Frank writes.  Mortgage consultant Mark Hanson says, “It will have an immediate negative impact on house sales volume, house prices, private label MBS investors, bank earnings, mortgage servicing values, and much more.”

Frank later writes, “Fortunately, there is already a huge inventory of REO listings of over half a million REO homes that already need to be sold.    And no matter what the outcome of the current foreclosure debate is, there is also no question that the pending foreclosures are inevitable and bound to keep an extremely active REO market booming.”

The entire article can be found at http://www.asreos.com/articles/reo-listings-stopping-foreclosures-will-threaten-housing-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

Trash Out Company REO RESQ Founder, Frank Patrick, Discusses How The Huge Property Preservation Business Opportunity Continues

Posted by admin on Nov 5th, 2010

Frank Patrick, founder of foreclosure clean out and property preservation franchise REO RESQ™, explains how hundreds of billions of dollars worth of foreclosures are still to come.

Scottsdale, Ariz. – November 5, 2010 – In a recent article by Frank Patrick, one of the country’s top foreclosure trash out experts, Frank explains how the banks still have hundreds of billions of dollars worth of homes somewhere in the foreclosure process – which means an incredible amount of work still to come for all property preservation and foreclosure trashout companies.  In the article titled “Foreclosure Trash Outs: The Huge Property Preservation Business Opportunity Continues ,” Frank describes that with the peak of the foreclosure crisis still not at hand, neighborhoods all across America are desperately in need of property preservation specialists.

“Those in need of a new career in this still-depressed economy need look no further than foreclosure trashouts as a way to generate some much-needed cash.  One of the few real growth industries out there, property preservation (the cleaning, repairing and maintaining of foreclosed homes) continues to be the biggest foreclosure business opportunity around,” wrote Frank Patrick.

In the article, Frank also gives examples of what happens when property preservation isn’t promptly performed on vacant homes.  Read about these examples and the rest of the article at http://www.reoresq.com/articles/foreclosure-trash-outs-the-huge-property-preservation-business-opportunity-continues.php

Frank’s nationwide franchise, REORESQ™, is helping entrepreneurs all across the country start up and successfully operate property preservation franchises.  In addition to REORESQ™, Frank Patrick is also the founder of American Society of REO Specialists™ (ASREOS). Patrick has been featured in Newsweek, The Wall Street Journal and USA Today for his expertise and success in the REO Sales and REO agent training industry.

For more information on Frank Patrick and REO RESQ™ please visit http://www.REORESQ.com

About REO RESQ™:

REO RESQ™ was begun by two brothers with the perfect blend of credentials – one with an extensive background as a top REO broker, the other with years of experience in construction.   Starting as a small family business in Kansas City, Missouri, REO RESQ™ offered property preservation and default management services to banks, lenders, asset management companies and REO agents.

In the past five years, the success of REO RESQ™ resulted in it becoming the first nationally franchised company providing comprehensive property preservation and asset management services for REO properties.  REO RESQ™ provides the full spectrum of Property Preservation services including:

Inspect – occupancy and property condition inspections

Secure – lock changes, lock box installation, evictions, board ups

Preserve – winterization, emergency repairs, pool service

Prepare – trash & debris removal, janitorial service, landscaping

Repair – repair of minor health and safety issues, code violations

Maintain – ongoing lawn care, maid service and pool maintenance

REO RESQ™ guarantees quality work delivered on your schedule to get your REO listings “ready for market” – and looking their best for a quick sale.  All our franchisees are fully licensed and properly insured – and trained by REO field service experts to provide the level of property preservation service that you desire.  We strive to limit your out-of-pocket expenses while providing world-class service.

REO RESQ™ understands your business – because it’s our business.

For more information please visit http://www.REORESQ.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 9 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 and http://www.REORESQ.com

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