REO Foreclosure Specialist Frank Patrick Discusses Growth in REO Inventory, Business Opportunities

Frank Patrick, Property Preservation and Trash Out Specialist, recently discussed how the REO industry is currently one of the few growth opportunities in America.

Scottsdale, Ariz. – December 6, 2010 – Frank Patrick, foreclosure trash-out and reo specialist, recently wrote a blog discussing why training to become an REO agent is still an amazing opportunity for anyone needing a new career.  “There are so many REO listings that need to be handled, and there are going to be so many more in the coming months that REO agents and brokers are going to continuously be in high demand,” writes Frank Patrick.

In the blog published on, called “The REO Inventory Grows – And So Does The Business Opportunity,” Frank explains, “The trick is REO sellers want people who know what they’re doing. And that’s why I founded ASREOS (the American Society of REO Specialists) a few years ago.  With over ten years of experience as a top national REO agent and coach, I wanted to put together the first REO professional association run by people who knew the REO business inside out.”

The entire article can be found at

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.

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