REO Specialist, Frank Patrick, Says Foreclosure Moratorium Means More Work For Preservation Contractors

Frank Patrick, Founder of REO RESQ™, discusses how Property Preservation is the biggest foreclosure business opportunity. 

Orlando, Fla. – June 18, 2009 – In light of the recent lifting of the nationwide foreclosure moratorium, now may be the best time to start a property preservation or trash out business?  Frank Patrick’s company, REO ResQ, offers a turnkey franchise solution. Frank Patrick is considered one of the country’s top property preservation and REO (bank foreclosure) experts, and currently is at the helm of a property preservation company, REO ResQ™.  REO ResQ™ provides securing, cleanup and ongoing maintenance of bank owned, foreclosed property. 

The nationwide foreclosure moratorium ended May 26th.  Since that time, the number of properties foreclosed on my lenders has increased and the number of new foreclosure filings is at an all time high.  As demand grows for field service companies, mortgage field services and trash out businesses, now seems to be the perfect time to start a property preservation company, such as REO RESQ™.

“As soon as a house is found vacant, even if the foreclosure process is not complete, the lender will hire a property preservation contractor to secure, preserve and maintain the property.  As soon as the foreclosure process is complete and the lender gains ownership of the property, the preservation contractor will be called to get the property ready to sell,” remarked Patrick.

With the current state of the housing market, banks and financial institutions are finding that preserving and maintaining REO properties can be an overwhelming task.  REO ResQ™ provides these companies with trained contractors to secure, clean out and maintain their foreclosed properties until they are sold.

Frank Patrick is also 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 also a recent featured guest on The Next Big Thing Radio Show. 

For more information on REO RESQ™ and please visit 


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


Posted Under: Frank Patrick, REO ResQ