Everyday our experience in distressed and sensitive transactions makes the difference for successful REO closings for lenders and investors alike
(PRWEB) April 28, 2010
Escrow of the West, a Beverly Hills-based independent escrow company, recently returned from the REOMAC® Spring 2010 Education Summit, in Palm Desert, California, where they served as the exclusive escrow sponsor.
Through their participation in the Summit, Escrow of the West further strengthened their role as a leader in addressing the current, evolving and future needs of the default industry.
The Summit, which was billed as “A 25 Year Silver Anniversary Celebration,” served as an outstanding educational and networking opportunity for REO (Real Estate Owned) Asset Managers, Realtors and support organizations to gather together. Through education, members shared ideas and best practices for the management and disposition of nonperforming assets. Over the years, this forum has become a primary venue where managers of financial institutions can discuss issues relevant to the industry.
Galit Ofengart, Operating Principal and Senior Escrow Officer, has long recognized the importance of REO transactions. "Currently, a large portion of our business is in the REO and short sale markets and it projects to be a driving factor in the real estate market for another three to five years. As these transactions require superior knowledge and heightened dedication, we continually upgrade our technology and staffing to meet the high standards of customer service required by these complex transactions."
As REO transactions continue to drive the market, Escrow of the West strengthens their hold as the premier Closing firm. "Everyday our experience in distressed and sensitive transactions makes the difference for successful REO closings for lenders and investors alike," says Ofengart. "Through our sponsorship of the REOMAC® Spring 2010 Education Summit, we continue to serve the membership as a leader in the industry. It is a tough market right now. Consumers and Lenders want whatever peace of mind they can get and we are here to provide it. Our commitment to excellence requires it," asserts Ofengart.
Escrow of the West, a Southern California-based independent escrow company, is licensed by the Department of Corporations and is a member of the Escrow Agents Fidelity Corporation. Escrow of the West, through its principals, has more than 70 years' experience in both residential and commercial real estate. For more information, visit http://www.escrowofthewest.com.