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