With its genesis in 1944, Wilshire Escrow Company is the oldest independent escrow company in the Los Angeles Metropolitan area. Wilshire Escrow was founded by Roy Shewfelt and is currently owned and operated by the second and third generations of the Shewfelt family.
Wilshire Escrow processes some 175 to 200 escrows per month. One of the secrets to the company's success is the low employee turnover ratio. An escrow officer's service tenure averages in excess of ten years with the company.
Experience is important at Wilshire Escrow. Past Presidents have served in numerous Escrow associations. Don Shewfelt (President Emeritus) has served on the advisory board of the California Dept. of Corporations, has been president and treasurer of the Escrow Institute of California and served on the Escrow Agents Fidelity Corp. board of directors. Current President, Lawrence Shewfelt, likewise served on the advisor board of the California Dept of Corporations, was President of the Escrow Institute of California in 1989 and Legislative Chair in 1990, serving on its Board of Directors for 11 years, and as Chair of its Bulk Sale Education committee for ten years; served as the Bulk Sale Program Coordinator and instructor for the Orange County School of Escrow from 1992-1996; participated as a member of the Citizens Advisory Committee to the Los Angeles County Assessor in 2004 & 2005; and has performed duties as an expert witness in Escrow standard of care matters continuously since 1989.
“We prepare the escrow instructions in a language which is readily understandable-without the ‘whereas' and ‘wherefore'” says Don Shewfelt.
Over the past 60 years the company's business has not been limited to real estate, although residential, commercial, and income real estate still represent the majority of its transactions. The company also provides services in the area of Bulk Sale Escrows, Liquor License Transfers, Trustee Sales, Refinance Escrows, Stock Transfers, and Holding Escrows.
With its affiliated companies, Windsor Exchange Corp and Freeman Exchange Inc., it provides easy access for 1031 Tax Deferred Exchanges, including reverse exchanges.
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