recognized reo experts: The Truth About REO - 11/06/08 06:48 AM
By Scott Akerley
REO properties are properties that are owned by a bank or lender.  The property reverted back to the bank after the property was foreclosed upon and then failed to sell at auction.  These properties are a hot commodity right now as roughly half of the foreclosures going to auction are reverting to REOs.  More and more people are seeing that they can get a great discount on an REO property and still enjoy a buying process that is very similar to buying a home in the traditional fashion. 
 
REOs offer viewings and inspections just like traditional home buying; … (0 comments)

recognized reo experts: The REO Phenomenon - 10/24/08 01:23 AM

by Scott Akerley
 Recently I wrote in the blog about our vast experience with REO properties.  Afterwards we got several questions about REO and what exactly the term means.  For those who don't know, REO stands for Real Estate Owned.  These are properties that fell into foreclosure and did not sell at auction, now they have returned to the bank or lender.  Once they are in the possession of the lender, the lender will attempt to sell the property in order to recoup their original investment.
Buying REO property is very similar to purchasing a home in the traditional way, … (0 comments)

recognized reo experts: Time is Money - 10/22/08 06:04 AM
By Scott Akerley
We've all heard the expression that time is money.  It couldn't be truer in the escrow business.  I am always amazed when I hear horror stories about nightmare escrows and failed closings.  It isn't necessary to have horrible escrow experience, all you need to do is use a reputable, experienced company who is diligent and understands the deadlines of the real estate that you are purchasing.
Right now the market is flooded with REO properties.  We are seeing families previously priced out now able to purchase homes because of this rare market opportunity. Sometimes prospective home buyers are … (0 comments)

 
Scott  Akerley (Glen Oaks Escrow)

Scott Akerley

Glendale, CA

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Glen Oaks Escrow

Address: 6100 San Fernando Road, Glendale, CA, 91201

Office: (818) 502-0400

Fax: (818) 502-0607

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