About Us
The American Society of REO Specialists was founded in 2008 by Frank Patrick, one of the nation’s leading REO authorities, who has personally trained hundreds of REO agents and works with a nationwide network of banks, lenders, mortgage insurance companies, asset management companies and property preservation master contractors who deal with REO listings.
The ASREOS goals are:
- 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.
- To enable ASREOS members to network in a professional and supportive environment.
- To offer ongoing dynamic cutting-edge REO resources to help members grow their business and their own personal performance in the REO marketplace
- To provide a comprehensive directory of REO professionals for banks, lenders, asset management companies and property preservation companies.
ABOUT FRANK PATRICK, FOUNDER OF ASREOS
Frank Patrick began his real estate career in 2000 after a successful12 year stint in corporate America as a sales manager. Frank sought out a distinctive niche for himself, and found it after months of research, when he decided to specialize in REO (Real Estate Owned) listings, the industry term 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, and growing to over 214 sales in 2007.
In 2004 Frank expanded his REO business with his brother Scott Patrick and formed a property preservation company, REO ResQ, to offer property preservation services to REO sellers. 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 business, REO Renegades (an REO agent training business), his trade association The American Society of REO Specialists and his nationally franchised property preservation company, REO ResQ.
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