Frank Patrick

Foreclosure Trash Outs: REO Sales Sparked By Property Preservation

Homes Sell Faster With Proper Rehab In 2010, foreclosures set a new record - and they're expected to set yet another one in 2011. Foreclosure filings, which include default notices, scheduled auctions and bank repossessions, hit 2.87 million U.S. home... Read >

REO Listings Update: 2010's Record-Breaking Year

The Final Foreclosure Numbers on Last Year As predicted by numerous housing experts, 2010 was another record-breaker in terms of numbers of foreclosures and bank REOs. For the first time since foreclosure numbers began to be recorded, over a million ... Read >

Foreclosure Trash Outs: Property Preservation Cleans Up The Mess

The Secret Business Opportunity With two million foreclosures predicted in 2011 - and five million mortgages determined to be in trouble - the property preservation business opportunity continues unabated. Property preservation - the business of per... Read >

Foreclosure Trash Outs: Property Preservation Makes The Sale

One Community Learns the Value of Maintaining Foreclosures The first picture most people see in their minds when they hear the word "foreclosure" is an unlit home with overgrown weeds in the yard. In Mesa County, Colorado, however, REO sellers are lea... Read >

REO Listings: Why Are Lenders Denying Short Sales?

When a Foreclosure Solution Gets Short-Circuited 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 t... Read >

Foreclosure Trash Outs: More Property Preservation Services Needed

Government Accountability Office Wants More Foreclosure Trash Outs As has been reported often, one of the major concerns caused by the overwhelming number of foreclosures in the past few years has been the impact on America's neighborhoods. The larg... Read >

Foreclosure Trash Outs: Signs Point To More Demand

Property Preservation Companies Continue to Prosper In October, it looked as though the record-shattering streak of foreclosures might be finally stopped - not because there weren't enough in the pipeline, but because some states were threatening to ... Read >

REO Listings: More Americans Interested In Buying REO Properties

A New "Tidal Wave" of Foreclosures Predicted in Early 2011 A new survey by RealtyTrac and Trulia, two online real estate powerhouses reveals that more and more Americans are realizing the benefits of buying REO properties. 49 percent of those survey... Read >

REO Listings: 2011 Foreclosure Forecast Predicts Two Million More REOs

Federal Reserve Governor Reveals REO Projections to Congress As 2010 comes to a close, the Federal Reserve has revealed that it expects approximately 4.25 million more foreclosure filings in the next two years, with two million plus expected in 2011 as... Read >

Foreclosure Trash Outs: What Gets Left Behind

Foreclosures are set to shatter records yet again in America this year. This unfortunate scenario has, at least, provided a new and lucrative business opportunity to many who desperately needed one: starting a property preservation company and perform... Read >

REO Listings: Current REO Inventory Will Take 40 Months To Clear

Huge Amount of REO Homes Still Held By Lenders; Foreclosure Actions Up Sharply in Other Cities Across America Fitch Ratings, a global credit rating agency, now estimates that the huge "shadow inventory" of REO properties still being held by lending ins... Read >

REO Listings: Foreclosures Account For Half of All Home Sales

REO Homes and Distressed Housing Continue To Surge More than three thousand real estate agents surveyed nationwide were asked what is really going on with today's housing market - and, according to them, distressed home sales, including REO properties,... Read >

Foreclosure Trash Outs: The Huge Property Preservation Business Opportunity Continues

Hundreds of Billions of Dollars Worth of Foreclosures Still to Come JPMorgan Chase has $43 and a half billion of them. Bank of America has $54.6 billion of them. Wells Fargo? Well, they've got $68.6 billion, while Citibank has $25.6 billion. We'r... Read >

REO Listings: Stopping Foreclosures Will Threaten Housing Recovery

Economic Experts Decry Push to Freeze Foreclosures; Inventory Still Huge REO sales have become an increasingly important sector of the real estate market, especially in states that have been hardest hit by the housing crisis. For example, foreclosure ... Read >

Foreclosure Trash Outs: There's A Reason We Need Property Preservation

A Police Officer Trashes His Foreclosure - and the Law. Property preservation is the biggest foreclosure business opportunity for a reason. With millions of home foreclosures happening on a yearly basis since the start of the housing crisis, there is ... Read >