Glen Oaks Escrow Announces Participated In Single Bitcoin Transaction

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ENCINITAS, Calif., July 28, 2021 / PRNewswire / – Glen Oaks Escrow, one of Southern California’s largest independent escrow companies, has announced that it has closed another Bitcoin transaction – one with a set of unique circumstances.

Although the company facilitated a number of real estate transactions using Bitcoin as a method of payment, this transaction was unique as it was a refinance in which the lender used Bitcoin as a source of funds for the loan.

Since Glen Oaks Escrow is able to provide service in other areas outside of San Diego, Escrow Agent Doreen Tirres successfully supported the client in the transaction.

“It was an exciting transaction to participate in, given the scenario was a first for our organization. Prior to that, Glen Oaks Escrow had only facilitated transactions in which the buyer used Bitcoin as a payment method. Lender Using Cryptocurrency for Refinance shows us that this payment method continues to grow in how it is used and by whom it is used, ”said Joe Curtis, COO of Glen Oaks Escrow.

Glen Oaks Escrow started accepting Bitcoin payments in 2018, which has turned out to be a wise move, as consumers have turned to it repeatedly for their preferred payment method.

“Seeing someone other than the home buyer using Bitcoin in a real estate transaction tells us that this technology has the potential to continue to become more important, even though it is still considered new to our industry. looking forward to supporting many more cryptocurrency transactions in the future and are very proud to have been the first to implement systems and processes that allow us to accept it, ”explained Curtis.

About Glen Oaks Escrow Glen Oaks Escrow is part of the Pango Group, a family of companies that includes American Trust Escrow, CV Escrow, California Elite Escrow, Escrow Trust Advisors, AV Escrow, VOI Insurance Solutions, Mosaic Signing Services and Document Archive Solutions.

Pango Group has been a leading independent escrow resource in California for over 25 years with locations from Los Angeles to Orange County to Coachella Valley and San Diego and owns and operates over 20 offices and 300 employees.

The company’s mission to run exceptional real estate services businesses that improve the lives of the people, partners and communities we serve is integral to its success. Most recently, it was named one of the Best Places to Work for the 8th consecutive year in Los Angeles.

Media contact: Lucia Asbury [email protected]

SOURCE Glen Oaks Escrow

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