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ASREOS (American Society of REO Specialist)…..are they FREAKING serious?

Ok, not sure who mentioned ASREOS to me but, I was intrigued none the less and that prompted me to investigate them just a wee bit. Here is what I know.

Founder Frank Patrick also founded REO Res Q, REO Renegades and American Society of REO Specialist.

To join ASREOS it cost (per their website) ….(

Property Preservation Monthly ($99.97)
REO Broker/Agents Silver Monthly ($99.97)
REO Broker/Agents Gold Coaching Monthly ($239.97)
REO Broker/Agents Gold + Membership ($539.97)
REO Broker/Agents Platinum Monthly ($997.97)

By the way, i wasn't able to find any information on subscription levels and what they get you, go figure?

From 100.00 to 1000.00 dollars a month…..ARE THEY SERIOUS?

On their website, they answer the following question……

1. Do you assign REO listings?
No, but we help you get more REO listings of your own by providing access to our nationwide network of REO Sellers who are consistently acquiring new foreclosure properties - and Master Contractors who need to prepare those properties for market. Those contacts are invaluable when it comes to growing your ongoing REO also provides crucial inside information as to how to make effective contact that counts with assets managers in charge of assigning REO listings. And, by becoming part of the ASREOS Online Directory of REO agents/brokers and property preservation contractors, your status will get a big boost in the REO industry overall.

Pay special attention to that first line….NO
Does anyone have any experience with these guys that they would like to elaborate on?

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Comment by Julie Adamson on January 28, 2011 at 11:35am
I just listened to this guy . . .  There are so many of these folks out there.  Also heard on your blogradio today about bpo automation, etc.  Has anyone used this company, and does it really wrok?
Comment by Aldo Grillo on May 9, 2010 at 4:29pm
Its sad to say I bought the REO Renegade program $97.00 and would say the material is lacking in substance and providing industry training. After reading post at REOPro fund an asset management company that was mentioned in a post and I went to apply online as a real estate agent partener and failed their questions to sign up. Don’t you think a pro that is selling a training package should inform you of industry education? I am going to walk down to B&N bookstore and look in the real estate section for some training on BPO and REO business.
If anyone can help out, thanks…
Comment by Brandon Jordan on February 18, 2010 at 4:00pm
I had found the site ASREOS before finding this site at ning. I have found the post to be very informative and I often do a search for a company on the site when I am first contacted by a new company and more times than not it is listed with feedback on the site. I would say it is worth the fee per month at least to do a membership that is not coaching to try it out and see what you think. I look forward to looking thru this site on ning and getting to know some new people here too.
Comment by Brian Gallentine on November 2, 2009 at 8:00pm
Hey - good reading! I've been contacted by Frank Patrck and considering buying into get a little knowledge- I've also received another invite to another webinar given by him and it boasts in part- "On the webinar, you will hear from a REO Expert who went from no REO's in the Fall of 2006 to closing over 800 in 2008, now selling over 100 REO properties every month - says you can do it too and will reveal how." I will be listening intently for the name and where practicing of the the person who makes this claim top confirm it. I look forward to helping my business grow in the way Mr. Chris Leonard has done and is doing.
Comment by chris leonard on February 26, 2009 at 5:19pm
Actually I got my start in the business with Frank Patrick and his Reo Renegades program. I paid $297 for the package and followed his program. Now after 4 months I.m receiving BPOs from 7 different companies.
Still waiting for my first REO but I understand it is along process.
So I,m doing about 15-20 BPOs a week for a small investment. I think I made a wise choice.
Comment by Frank Popeleski on February 22, 2009 at 10:56am
I have seen a good many of these so called 'REO' shops come along, and NONE making a promise of anything more than a lead. For this one, first of all what the hell is a 'Master Contractor'? Safeguard perhaps? Securing companies, in my book, have next to nothing to do with an REO assigment. Second REO managers all have their list of folks who they are currently using. This is the best time for someone to try to break in, but it is still tough. These places like ASREOS apper to be well adapt at sucking money from less knowledgeable agents. Beside I suspect that the REO managers are a long list of folks waiting to get work. Doing a simple search of the web, talking to other REO agents, is a much more successful way to get a lead. I just got a note last night from an agent who offered to help me get in with a company she does a lot of work for. Word of mouth is worth it's weight in gold.
Comment by Raine on February 18, 2009 at 5:22pm
maybe these Frank and Ted are partners ;)
Comment by Kevin Su on February 17, 2009 at 10:13am
I've been bombarded with a number of fee-based REO sites and those so-called REO leads. My gut reaction is to stay from them, even though some of them may be legit. Does anyone have any positive experience with any legit REO leads (aside from REOPRO)? Thanks!
Comment by Gregory Urroz on February 16, 2009 at 7:27pm
After visiting the web site the only thing that is clear is Frank is a legend in his own mind! I didn't find anything he was offering that is not available here for FREE.
Comment by Johnny Huang on February 16, 2009 at 1:38pm
This guy probably made a killing off of starving agents charging fees on his other sites and now he wants more. O.o

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