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Articles by Frank Patrick

• Foreclosure Trash Outs: REO Sales Sparked By Property Preservation
  In 2010, foreclosures set a new record - and they're expected to set yet another one in 2011.
  Published 02Feb2011, viewed 149 times

• REO Listings Update: 2010's Record-Breaking Year
  As predicted by numerous housing experts, 2010 was another record-breaker in terms of numbers of foreclosures and bank REOs.
  Published 02Feb2011, viewed 149 times

• Foreclosure Trash Outs: Property Preservation Cleans Up The Mess
  With two million foreclosures predicted in 2011 - and five million mortgages determined to be in trouble - the property preservation business opportunity continues unabated.
  Published 29Jan2011, viewed 209 times

• Foreclosure Trash Outs: Property Preservation Makes The Sale
  One Community Learns the Value of Maintaining Foreclosures
  Published 26Jan2011, viewed 130 times

• REO Listings: Why Are Lenders Denying Short Sales?
  In this time of record-breaking foreclosures, many Americans, battered by the recession, find themselves without many alternatives to losing their house. One such alternative, the short sale, in which the homeowner is allowed to sell their home below the value of their mortgage, was one way that someone could get "out from under" a home loan they could no longer afford.
  Published 26Jan2011, viewed 164 times

• Foreclosure Trash Outs: More Property Preservation Services Needed
  Government Accountability Office Wants More Foreclosure Trash Outs
  Published 06Jan2011, viewed 226 times

• Foreclosure Trash Outs: Signs Point To More Demand
  Property Preservation Companies Continue to Prosper
  Published 31Dec2010, viewed 123 times

• REO Listings: More Americans Interested In Buying REO Properties
  A New "Tidal Wave" of Foreclosures Predicted in Early 2011
  Published 31Dec2010, viewed 179 times

• REO Listings: 2011 Foreclosure Forecast Predicts Two Million More REOs
  Federal Reserve Governor Reveals REO Projections to Congress
  Published 27Dec2010, viewed 453 times

• Foreclosure Trash Outs: What Gets Left Behind
  Foreclosures are set to shatter records yet again in America this year.
  Published 08Dec2010, viewed 120 times

• REO Listings: Current REO Inventory Will Take 40 Months To Clear
  REO agents, brokers and other professionals skilled in this specialized field will continue to be desperately needed as this segment of the real estate market continues to dominate in the coming months.
  Published 13Nov2010, viewed 222 times

• Foreclosure Trash Outs: The Huge Property Preservation Business Opportunity Continues
  Hundreds of Billions of Dollars Worth of Foreclosures Still to Come
  Published 04Nov2010, viewed 211 times

• REO Listings: Foreclosures Account For Half of All Home Sales
  REO Homes and Distressed Housing Continue To Surge
  Published 02Nov2010, viewed 185 times

• REO Listings: Stopping Foreclosures Will Threaten Housing Recovery
  Economic Experts Decry Push to Freeze Foreclosures; Inventory Still Huge
  Published 01Nov2010, viewed 193 times

• Foreclosure Trash Outs: There's A Reason We Need Property Preservation
  Some homeowners, while exiting their foreclosure property, are only too happy to add to a property preservation company's "to-do" list.
  Published 31Oct2010, viewed 244 times

• REO Listings Update: REO Foreclosures Set Third Record In Last Five Months
  RealtyTrac Confirms Biggest Month for Bank REOs Ever
  Published 25Oct2010, viewed 169 times

• Foreclosure Trash Outs: How Property Preservation Turns Around Lives
  How the Biggest Foreclosure Business Opportunity Helped One Man
  Published 24Oct2010, viewed 196 times

• REO Listings: Foreclosures Will Dominate Through 2013
  Lender Processing Services (LPS), the country’s leading provider of mortgage processing services and the company that most of the largest U.S banks rely on for data, says the boom in REO listings is very far from over.
  Published 11Sep2010, viewed 320 times

• More REO Brokers And Agents Needed By Fannie Mae
  During the recent National Association of Real Estate Brokers (NAREB) conference, Fannie Mae executives revealed that, in many areas, they have too much REO inventory – and too few REO brokers to service these properties.
  Published 10Sep2010, viewed 1014 times

• Foreclosure Trash Outs: Property Preservation Can Mean A Whole New Life
  The property preservation business isn’t the most glamorous one around – and performing trash outs on foreclosures isn’t for those who don’t like to get their hands dirty. But in a huge recession that’s heading back downwards, it is economic salvation to a growing number of people looking for a new career.
  Published 06Sep2010, viewed 229 times

• Foreclosure Trash Outs: Powering Up Property Preservation
  More foreclosures on the market and more competition in this home category means a whole lot more business opportunity for property preservation companies, the firms that perform foreclosure trash outs to prepare these abandoned homes for resale.
  Published 02Sep2010, viewed 215 times

• REO Listings: Traditional Real Estate “A Fat Man That Can’t Get Up”
  There were 1.2 million foreclosure sales in 2009 – more than 25 times the amount in 2005. And this year has already seen a record-setting number of REO homes come on the market that will end up eclipsing the 2009 statistics.
  Published 01Sep2010, viewed 189 times

• REO Listings Round-Up: REO Sales Hitting New Peaks
  At the mid-year point of 2010, it’s clear that earlier predictions were true – REO sales are going to continue to boom as traditional real estate slides into another slump.
  Published 30Aug2010, viewed 143 times

• Foreclosure Trash Outs: The Money-Making Opportunity Gets Bigger
  With a high percentage of joblessness persisting, with fears of a double-dip recession continuing, one business sector continues to thrive – property preservation.
  Published 30Aug2010, viewed 166 times

• Foreclosure Trash Outs: Property Preservation Demand Skyrocketing
  Government Demands and Record Foreclosures Mean More Business Opportunity
  Published 17Aug2010, viewed 141 times

• Foreclosure Trash Outs: Problem Pools
  Foreclosures hit another record high in May 2010 – with experts expecting over 3 million homes to be repossessed this year and next. That not only means more work for agents selling REO (Real Estate Owned) homes – it also means more demand for property preservation services, companies that perform foreclosure trash outs and other important maintenance and repairs to vacant properties.
  Published 15Jul2010, viewed 164 times

• REO Listings: Another Record in New REO Properties
  Bank repossessions – the actual foreclosure on a home and conversion to an REO (Real Estate Owned) property – hit a record high in May 2010 for the second month in a row, according to foreclosure experts RealtyTrac. Lenders repossessed a total of 93,777 homes, a 1 percent jump from April and a 44 percent rise from May of last year.
  Published 15Jul2010, viewed 421 times

• REO Listings: New Recession To Spur More REO Properties?
  Robert Reich, former Secretary of Labor under President Clinton, recently suggested that a new double-dip recession may be on the way. The reason? New employment figures are still dismal, the median wage continues to drop and middle class consumers lack the disposal income to spend.
  Published 09Jul2010, viewed 142 times

• Foreclosure Trash Outs: When Lawns Turn Into Jungles
  Now that summer is here, the foreclosure crisis is showing growth in another area – uncared for lawns and gardens.
  Published 07Jul2010, viewed 188 times

• Foreclosures Still A Major Force
  If you’re hearing news that the real estate market is coming back and that foreclosures are going away, you’re hearing from people who aren’t really looking at the facts.
  Published 16Jun2010, viewed 173 times

• Foreclosure Trash Outs: Just Like A Good Neighbor
  One national property management company has found a way to not only help its local property preservation contractors maintain their homes, but also to market their services.
  Published 15Jun2010, viewed 391 times

• Foreclosure Trash Outs: Battling Neighborhood Blight
  All across the country, communities are getting increasingly frustrated at trying in vain to contact huge financial institutions that are failing to keep abandoned homes in acceptable condition.
  Published 12Jun2010, viewed 150 times

• REO Listings: A Recognized Red-Hot Opportunity
  With another record number of foreclosures occurring in the first quarter of 2010, and another record number expected later this year, due to continuing skyrocketing mortgage delinquencies, the number of REO listings won’t be dwindling any time soon.
  Published 09Jun2010, viewed 187 times

• The Property Preservation Business Opportunity: Foreclosures About To Skyrocket Again
  REO sales (homes that have already gone through foreclosure) now account for almost a third (29%) of all home purchases. In places like Las Vegas, it’s almost 50%. That’s an incredible amount of homes that require property preservation services and foreclosure trash outs – as well as an incredible amount of opportunity for those willing to try the business.
  Published 06May2010, viewed 198 times

• REO Listings: More Foreclosures, More REO Sales
  After a minor lull in the REO market at the end of 2009, the distressed homes market came roaring back in 2010, with short sales and REO properties accounting for over 29% of all home sales this past January.
  Published 05May2010, viewed 212 times

• The Property Preservation Business Opportunity: More Foreclosure Trash Outs Coming Faster
  Banks are finally publicly recording the millions of homes in default that formed the “shadow inventory” of foreclosures that had been held back from market. The government has also decided to help streamline the foreclosure process by changing its definition of what a foreclosure is.
  Published 05May2010, viewed 141 times

• The Property Preservation Business Opportunity: Expert Training Makes The Difference
  Many Master Contractors and larger property preservation companies are now requiring prospective contractors take a quiz to make sure they know what’s required from a foreclosure contractor.
  Published 26Apr2010, viewed 356 times

• REO Listings: The Pig in the Python
  Foreclosures Boom as the REO “Shadow Inventory” Comes Into the Light
  Published 25Apr2010, viewed 185 times

• How To Get REO Listings: Button Down Your BPO's
  If you’re already an REO agent or want to become one, there’s one important thing you have to do to receive a continuous stream of REO listing assignments and BPO orders. And that’s to strive to submit on time, every time, a 100% accurate and complete BPO (Broker Price Opinion).
  Published 11Mar2010, viewed 217 times

• The Property Preservation Business Opportunity: 6 Reasons Why It's Hotter Than Ever
  Here are 6 reasons why property preservation will continue to be the biggest foreclosure business opportunity around – and will grow even faster in the months to come.
  Published 17Feb2010, viewed 206 times

• A Solution to the "Mancession": The Property Preservation Business Opportunity
  There are still business opportunities out there, for those willing to give a new skill category a shot. And one of the hottest job categories right now is property preservation.
  Published 14Feb2010, viewed 247 times

• How to Become an REO Agent: The Shadow Inventory
  The foreclosure crisis is incredible enough – already offering amazing opportunities for REO agents and brokers. But now there is finally some sunshine lighting up the so-called “shadow inventory” of foreclosure properties that have yet to be officially recorded or to become part of the massive amount of REO listings currently for sale all across America.
  Published 31Jan2010, viewed 276 times

• More Government Action: More Property Preservation
  As more and more foreclosed homes are left vacant and in bureaucratic limbo, more and more neighborhoods and communities all across America are facing the health, safety and social hazards presented by these unsecured, uncared-for properties, which continue to deteriorate.
  Published 23Jan2010, viewed 209 times

• Property Preservation Pays Off For Florida County
  There is no doubt that Florida was one of the hardest-hit states by the housing crash of the past few years. Even now, one in four of all mortgages in the Sunshine State are either past due or in the foreclosure process. That’s why, back in March, Pasco County received almost twenty million dollars in Federal Neighborhood Stabilization Program funds to help deal with the record number of foreclosures.
  Published 21Jan2010, viewed 175 times

• REO Listings Trends: Foreclosures
  If you’re interested in training to be an REO agent, now’s a good time to start. REO sales continue to dominate in many states
  Published 20Jan2010, viewed 232 times

• Property Preservation: A Tale of Two Carolinas
  As foreclosures continue to mount and unemployment continues to increase, it’s only natural that the media would begin to focus on the property preservation business opportunity. It’s one of the few sectors where business is booming, so more and more people are interested in finding out more about it.
  Published 31Oct2009, viewed 277 times

• Foreclosures: Taking Care of the Yard Work
  Agents and brokers for REO (Real Estate Owned) homes – unoccupied homes where the owners have been evicted due to mortgage default – are finding that if they don’t employ professional mortgage field service companies to deal with the outside as well as the inside of a property, the city may be sending them a pretty steep bill for lawn care. Hint: it’s going to cost a lot more than hiring a teenager for $5 an hour to mow the lawn!
  Published 01Sep2009, viewed 844 times

• The Importance of Property Preservation
  Knowledgeable real estate experts know that foreclosed properties are taking a long time to finally making their way back on the market – to transition to REO (Real Estate Owned) listings
  Published 28Aug2009, viewed 578 times

• REO Listing Trends: Record Foreclosures, Record Delinquincies
  REO properties will continue to make up a large part of the housing market for some time to come, judging by the latest foreclosure and mortgage data.
  Published 28Aug2009, viewed 583 times

• REO Agents Bracing For Wave of Deluxe Foreclosures
  Up until now, the middle class has been hardest hit by plummeting home prices and a bad real estate market. This has resulted in massive mortgage defaults, the tidal wave of foreclosures and the historic high number of REO listings available. The upper middle class and high-end homeowners who thought they would be able to dodge the foreclosure bullet now appear to next in line for foreclosures.
  Published 24Aug2009, viewed 254 times

• Swimming Into Trouble: The Urgent Need For Property Preservation Professionals
  Foreclosures that have been abandoned by their owners are at historic highs. For many holders of mortgages left owing a lot more than their house is actually worth, it makes more economic sense to walk away than to continue to struggle to meet huge monthly payments. What happens after those homeowners leave, however, can turn into a horror show.
  Published 19Aug2009, viewed 436 times

• REO Listings: "Safe" Homeowners Now In Trouble Too
  A troubling second wave of mortgages just means more and more REO properties will be added to the already historic numbers that are being listed by REO sellers and agents. The good news is that, as the wider economy stabilizes, REO homes are more and more being seen as an amazing value and terrific investment – so sales are moving upward. That means more and more opportunity for all REO professionals.
  Published 14Aug2009, viewed 351 times

• The Roots of The REO Boom
  Everyone knows the economy is bad – and that it all started with the housing crash. Foreclosures continue to fill up the airwaves – but just how bad is it? We often hear conflicting reports – home sales are up, home sales are down – but one man went ahead and examined all the evidence.
  Published 10Aug2009, viewed 289 times

• REO Listing Trends: Foreclosures Continue To Climb
  The business opportunity is incredible right now for those choosing to specialize in REO sales and field services. Anyone who’s had their career derailed by the economic downturn should definitely consider the REO industry.
  Published 30Jul2009, viewed 316 times

• Starting a Profitable Property Preservation Business
  $89,000 Revenues in One Month - One Couple?s Amazing Story It hasn?t been a good economic time for most Americans. And Matt and Carrie Singleton were certainly no exception.
  Published 08Jul2009, viewed 324 times

• REO Listing Trends: Unemployment and Housing Bubbles
  The current historic high of available REO properties isn’t going to be going down any time soon – as a matter of fact, more REO records could end up being set.
  Published 25Jun2009, viewed 309 times

• REO Properties: Millions More On The Way
  More and more people are turning to the REO business to weather this recession. Real estate agents, brokers and property preservation contractors have hundreds of thousands, if not millions, of properties to work with – properties that must be secured, repaired, maintained and sold. These properties are selling due to the low prices and incredible opportunities they present to investors who have the money to take advantage of them.
  Published 11Apr2009, viewed 422 times

• REO Sales To Set More Records In 2009
  The amazing increase in REO properties is a big reason why most experts think REO agents and brokers are going to be busier than ever in 2009.
  Published 24Feb2009, viewed 336 times

• REO Listings Of The Rich And Famous?
  In 2008, the U.S. housing market lost over 3 trillion dollars in value – with an overall decline of over 11% of the average house price and over 2.3 million homes going into foreclosure. And things aren’t looking much better so far in 2009.
  Published 13Feb2009, viewed 347 times

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