REO Specialist Frank Patrick Announces The American Society of REO Specialists Surpasses 600 members

April 6, 2009 - PRLog -- Frank Patrick is one of the country’s top property preservation and REO (Real Estate Owned) specialists, and is the founder of The American Society of REO Specialists (ASREOS).  This week, Patrick announced that The American Society of REO Specialists has surpassed 600 members.  Frank Patrick is also at the helm of The Association of REO Specialists, a.k.a. ASREOS, website http://www.ASREOS.com, which is dedicated to assisting REO Brokers, Agents and Property Preservation Contractors in building and expanding their businesses.

The American Society of REO Specialists was founded in 2008 and is guided by the following four goals. First, 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.  Second, to enable ASREOS members to network in a professional and supportive environment. Third, to offer ongoing dynamic cutting-edge REO resources to help members grow their business and their own personal performance in the REO marketplace, and finally, to provide a comprehensive directory of REO professionals for banks, lenders, asset management companies and property preservation companies.

Frank Patrick said, "Although most agents join the ASREOS to get access to the database of over 600 Banks, Lenders and Asset Management Companies, they continue their membership because of the discussion forums.  The information that is shared in the REO forums is invaluable to anyone trying to build their REO listing inventory.  It’s great to see agents helping each other to succeed in the REO business."

Frank Patrick is also currently at the helm of a nationally franchised 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.  REO Resq franchises are currently available in all 50 states.


For more information about Frank Patrick and The American Society of REO Specialists please visit http://www.ASREOS.com

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 http://www.ASREOS.com