REO Specialist, Frank Patrick, Discusses the Incredible Opportunity That Buying REO Homes Has Become

Frank Patrick, Property Preservation and Foreclosure Trash Out Specialist, writes how buying REO Homes is becoming the smart move in today’s housing market.

Scottsdale, Ariz. – July 14, 2010 – According to a recent article in Financial Planning Magazine, the author touts REO Homes as “the best real estate deal.”  Frank Patrick, foreclosure trash out and reo property specialist, recently cited and expounded upon this article in an article of his own.  Frank writes about the record number of foreclosures on the horizon, and the amount of REO Homes that this will bring to the market in the coming months.

In the artilcle on, called “REO Listings: A Recognized Red-Hot Opportunity, Frank Patrick explains how REO buyers can generally expect prices that are up to a third less than the previous purchase price. Also, the attractiveness of an REO listing in a time of tight credit and a depressed housing market cannot be denied.

Frank writes, “Since the REO price is usually right, and there’s a good chance that, down the line, the REO buyer will end up making a sizeable profit on the property, there’s no question that the REO home market will continue to be a huge component of the real estate industry for the foreseeable future.”

Frank emphasizes that those interested in making real money in the real estate industry should investigate how to become an REO agent and how to get REO listings. “Training to become an REO agent and learning how to get REO listings will also continue to be a great career choice,” remarked Frank.

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