Frank Patrick, founder of property preservation franchise REO RESQ™, says that demand for property preservation contractors or “trash out companies” will increase in late 2009 and beyond, due to expected increase in foreclosures. 

Scottsdale, Ariz. – July 28, 2009 – According to Frank Patrick, one of the country’s top REO (Real Estate Owned/Bank Foreclosure) experts, a new onslaught of hundreds of thousands of foreclosures are destined to hit the market in the final half of 2009 and beyond.  This onslaught of new foreclosure properties, referred to as REO properties by industry insiders, will create a strong demand for field service companies, property preservation contractors, and trash out businesses. 

From November of 2008 to June of 2009, new foreclosure numbers decreased, due mostly to the nationwide foreclosure moratorium.  Since the moratorium has been lifted, lenders are now foreclosing on an increasing number of properties each week.  

“As a new huge tidal wave of foreclosures hits the market, lenders will be looking for reliable property preservation 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 trash out businesses across the country,” continued Patrick.

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 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