REO Specialist, Frank Patrick, Says REO Agents and Property Preservation Contractors Prepare For a Wave of New REO Listings

Frank Patrick, Property Preservation and REO Specialist, gears up for a wave of new REO listings once foreclosure moratorium is lifted. 

Orlando, Fla. – March 6, 2009 – According to Frank Patrick, one of the country’s top property preservation and REO (Real Estate Owned) specialists, more foreclosures are ahead as the nation’s largest lenders lift the foreclosure moratorium on March 6th.  With this new influx of foreclosures set to hit, REO agents and Property Preservation Contractors are preparing for a crushing wave of new REO listings, BPO orders and preservation work.   

Frank Patrick is currently at the helm of a property preservation company, REO ResQ™.  REO ResQ™ provides renovation, cleanup and maintenance of bank owned real estate properties.  REO ResQ™ provides these companies with contractors to keep the properties in “sellable” shape, and in some cases, make the necessary renovations needed to bring these REO homes back to market value. 

Frank Patrick said, “Our industry is really gearing up to take on the next crushing wave of REO listings.  Banks and other financial institutions really have their hands full with the number of REO properties piling up.  In turn, REO Agents, REO Sellers and REO Brokers, as well as property preservation contractors, will have more opportunities than ever before.” 

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 property preservation industry. 

For more information on Frank Patrick and 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 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. 

For more information please visit


Posted Under: ASREOS, Frank Patrick