REO and Property Preservation Specialist, Frank Patrick, Emphasizes The Importance of Professionalism of REO Agents

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, 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 (, 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


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.

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Posted Under: ASREOS, Frank Patrick