REO Expert, Frank Patrick, Predicts Demand For REO Agents to Soar in Coming Months

Frank Patrick, founder of The American Society of REO Specialists, is announcing a free teleconference call for agents who’d like to get started in this lucrative niche market. 

Orlando, Fla. – April 21, 2009 – According to Frank Patrick, one of the country’s top REO (Bank Foreclosure) Experts, a tidal wave of up to one million foreclosures will hit the market over the next six months.  RealtyTrac, an online marketplace for foreclosure properties, recently announced that foreclosure filings increased 46% from the previous year to an astonishing 341,180 notices in March. 

Frank Patrick said, “It’s not too late to get REO listings.  Right now there exists a limited window of opportunity to for new agents to get their foot in the door.  As this huge tidal wave of foreclosures hits the market the existing REO agents will be overwhelmed and the banks, lenders and asset management companies will be forced to recruit new REO agents to list and sell these REO properties.” 

Real estate agents who are serious about getting started listing and selling bank owned, REO properties are invited to participate in a free webinar to find out “How to Get REO Listings”.  

This live one hour educational event will be held this Thursday at:

5:00 PM Pacific, 6 PM Mountain, 7 PM Central & 8 PM Eastern. 

To register, please visit today. 

Frank Patrick is the founder of the American Society of REO Specialists™ (ASREOS), and was recently featured in USA Today in a full-page color spotlight as a member of America’s PremierExperts™.  Frank was chosen for this honor for his expertise and success in the REO Sales and REO agent training industry. 

For more information on Frank Patrick please visit


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


Posted Under: ASREOS, Frank Patrick