PressNewsRoom

Frank Patrick, founder of field service company and property preservation franchise REO RESQ™, writes how a properly secured foreclosure can help make a huge difference to a neighborhood. 

Scottsdale, Ariz. – April 28, 2010 – In a recent blog post by Frank Patrick, one of the country’s top property preservation and trashout experts, Frank discusses how foreclosed and abandoned homes are causing neighborhood blight across the country at an alarming rate.  In the blog titled “Property Preservation: Helping Neighborhoods Recover,” Frank describes how having these foreclosed properties properly secured and maintained can make a huge difference in the safety and value of these neighborhoods.

“We all know that property preservation is the biggest foreclosure business opportunity. But it’s also the most important. As I’ve written before, property preservation helps neighborhoods be safer and more secure. Abandoned homes are currently adding to community blight all across the country,” wrote Frank Patrick.  

“The slowness of the financial institutions that own these homes to deal with them has been frustrating to cities everywhere. So they’ve tried to take matters into their own homes. Unfortunately, they’ve just replaced the bureaucratic inefficiency of these financial institutions with their own bureaucratic inefficiency,” Frank continued. 

Citing scenarios in New York City and San Francisco, Frank points out how some local governments are overwhelmed by the number of foreclosed properties and have found it extremely difficult to keep the properties maintained.  

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 has recently 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.

Read the entire blog at http://www.reoresq.com/blog/property-preservation-helping-neighborhoods-recover.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

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, founder of field service company and property preservation franchise REO RESQ™, writes how men can take advantage of the latest property preservation business opportunity, during the “Mancession.” 

Scottsdale, Ariz. – March 29, 2010 – In a recent article by Frank Patrick, one of the country’s top property preservation and mortgage field service experts, Frank discusses how unemployment in America is hitting working age men particularly hard.  Economists have termed this current recession as a “Mancession.”  In the article titled “A Solution to the Mancession: The Property Preservation Business Opportunity,” Frank describes how one of the hottest job categories right now is property preservation.  Frank believes that 2010 will provide incredible opportunities for field service companies, property preservation contractors, and trash out businesses.

“Property preservation – also known as mortgage field services – involves performing foreclosure trash outs, repairs and doing ongoing maintenance, and is truly the biggest business opportunity in this climate of ever-increasing home foreclosures,” wrote Frank Patrick.  

“The foreclosure situation, like the unemployment problem, is not expected to improve soon. As a matter of fact, the rising joblessness is helping to continue to fuel foreclosures – experts predict over 10 million of them over the next 2 years, an incredibly high figure,” Frank continued. 

Frank Patrick also emphasizes how his nationwide franchise, REORESQ™, is helping entrepreneurs all across the country start up and successfully operate property preservation franchises. “A lot of expensive equipment is not required – just a truck and some common tools get the job done,” remarked Frank. 

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 has recently 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

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, founder of mortgage field service and property preservation franchise REO RESQ™, writes how foreclosure clean out jobs continue to increase, making property preservation one of the hottest business opportunities around. 

Scottsdale, Ariz. – March 22, 2010 – Frank Patrick, one of the country’s top property preservation and mortgage field service experts, recently penned an article explaining why property preservation will continue to be the biggest foreclosure business opportunity around – and will grow even faster in the months to come.  In the article titled “The Property Preservation Business Opportunity: 6 Reasons Why It’s Hotter Than Ever,” Frank discusses how it’s easy and fast to get into the business, how banks have a huge ‘shadow inventory’ of foreclosed homes and how the foreclosure rate will continue to rise.

“If you live near a high-foreclosure area, you will find yourself in immediate demand if you establish yourself as a professional, responsible property preservation company. That comes from having the proper training – and once the national master contractors who hire mortgage field service companies are aware of your reputation, you could find yourself working from Sunday through Saturday if you want, just to handle all the properties that require servicing,” wrote Frank Patrick.  

“Once you learn the basics from a trained professional, foreclosure trash-outs are easy – and you can also hire and train additional crews to do your work for you and expand your business quickly.  What makes all the difference is having the proper training to successfully start a property preservation business,” Frank continued.

Frank Patrick also emphasizes how his nationwide franchise, REORESQ™, is helping entrepreneurs all across the country start up and successfully operate property preservation franchises.  Founded with his brother Scott, they have already trained many franchisees and launched incredibly successful property preservation careers for people who had never done that kind of work before. 

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 has recently 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

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, founder of field service company and property preservation franchise REO RESQ™, writes about increasing property preservation business opportunities in recent article. 

Scottsdale, Ariz. – February 12, 2010 – In a recent article by Frank Patrick, one of the country’s top property preservation and mortgage field service experts, Frank reflects on the property preservation industry boom of 2009, and the incredible opportunities that 2010 will provide for field service companies, property preservation contractors, and trash out businesses.

Frank’s recent article, “The 2010 Property Preservation Business Opportunity,” explains how property preservation is already an incredibly lucrative business, for those who know what they’re doing.  Nationwide franchise, REO ResQ™, begun about a year ago by foreclosure experts Frank and Scott Patrick, has been training those who want to start a property preservation company in the special demands of this business opportunity. 

“The problem of vacant homes in otherwise normal neighborhoods is a big one and growing by leaps and bounds. In addition to these empty untended homes becoming eyesores, thanks to uncared-for lawns, broken windows and graffiti, they also pose public health dangers,” wrote Frank Patrick.  

“That’s why, more and more, local communities and governments have been demanding property preservation companies be hired to handle these vacant houses – and why, more and more, property preservation will continue to be the biggest foreclosure business opportunity in 2010,” Frank continued. 

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 has recently 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

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

Frank Patrick, founder of property preservation franchise REO RESQ™, says that foreclosures will continue to increase in 2010 and the government can play an important role in maintaining these properties. 

Scottsdale, Ariz. – February 8, 2010 – According to a recent article by Frank Patrick, one of the country’s top REO (Real Estate Owned/Bank Foreclosure) experts, a continued increase of foreclosures are destined to hit the market throughout 2010.  This onslaught of new foreclosure properties, or REO properties, will create a strong demand for field service companies, property preservation contractors, and trash out businesses.

Frank’s recent article, “More Government Action: More Property Preservation,” calls for swifter government involvement in helping to maintain foreclosed properties. “As more and more foreclosed homes are left vacant and in bureaucratic limbo, more and more neighborhoods and communities all across America are facing the health, safety and social hazards presented by these unsecured, uncared-for properties, which continue to deteriorate,” wrote Frank Patrick. 

Frank goes on to highlight a recent ordinance passed by the Aurora, Colo. City Council that charges lenders to register foreclosed properties. These charges have created an increased revenue stream for the city, as well as an increase in the utilization of property preservation services. 

“As more and more counties and communities like Aurora work to fix the foreclosure problem, property preservation experts will be more in demand than they already are, truly making it the biggest foreclosure business opportunity available,” Frank Patrick continued. 

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 has recently 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

Frank Patrick, Property Preservation and REO Specialist, writes about how to break into the hottest category in real estate, how to become an REO agent and how to get REO listings. 

Scottsdale, Ariz. – February 5, 2010 – In a recent article on http://www.ASREOS.com, Frank Patrick points out the remarkable opportunity for those interested in making money in the REO industry. These include REO agents, REO brokers, REO Sellers and other REO companies.  The article, titled “How To Become an REO Agent and Get REO Listings,” explains how REO (Real Estate Owned) properties are currently the biggest-selling home category in America.

Frank Patrick wrote, “The key to how to become an REO agent is to understand how to work with REO Sellers. It’s a very different dynamic than working with “normal” real estate transactions, as you’re not dealing with the actual homeowners. Rather, you’re working with large companies, many of them not even located in the same state as the REO property in question.”

Frank explains that a great resource for getting inside the REO arena is ASREOS, the American Society of REO Specialists, which offers all kinds of benefits to its membership, consisting of both REO veterans and beginners to the business.

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