1031 Exchange Experts

Home | About Us | 1031 FAQ | Library | Tools | Request Funding Docs | Resources | Apply Online | Site Map | Contact Us
  Phone - -
Browse by Topic
  Why Use Haven Exchange
  Fidelity Bond Program
  Real Estate Capital Gains Tax
  1031 Exchange Requirements
  Real Estate Investing
  Qualified Intermediary
  Open a New 1031 Exchange
  1031 Exchange Information
  Tenant in Common
  1031 Tax Deferred Exchange
  1031 News!
  TIC Investment
  Reverse 1031 Exchange
  1031 Guide
  1031 Do's and Dont's
  Earnest Money Deposits
  Exchange Doc for Buyer

$650 covers you for one relinquished property and one replacement property.

An additional $175 will be charged for each replacement property purchased afterwards.

There's a $30 wire fee for outgoing wires.

That's it.

AND we pay interest on the funds while we
hold them.

What Vesting Issues Should be Examined?

In a 1031 Exchange, the entity beginning the exchange will be the entity concluding the exchange. The Intermediary will prepare exchange documentation reflecting the vesting information as shown on the title commitment or title report of the relinquished property. That entity must be the entity to acquire title to the replacement property.

For Example:

Trustee relinquishes .................... Trustee acquires

Schmidt LLC relinquishes .................... Schmidt LLC acquires

Se Bon Partnership relinquishes .................... Se Bon Partnership acquires

Wife relinquishes ............so........ Wife acquires

The Exchanger's legal relationship to the relinquished property must be the same as the Exchanger's legal relationship to the replacement property. Exchangers must anticipate this issue as part of their advanced planning for the exchange. Business considerations, liability issues and lender requirements may make it difficult to meet this rule.

  • If a husband is relying on the wife's income to qualify for financing, then the lender will require the wife to appear on the deed.

  • Lenders seldom loan to trustees, they loan to individuals.

  • Exchanger's who want different LLC's for each property may not do so within the exchange format.
Fidelity Bond Program
  Learn about Our Fidelity
Bond Coverage
  Click Here  
Haven is the Best
Customers Experience with Haven Exchange
  See what our Customers
have to say about us
  Click Here  
1031 Wise Presentation
  Use 1031 Strategy
To Build Wealth
  Click Here  
The Exchanger will want to talk to their advisor, attorney, lender and Intermediary as they structure the exchange. These issues are easier to resolve before loan documents are sitting on the closing table. The following changes in vesting usually do not destroy the integrity of the exchange:

  • Change of vesting from a trustee, who is also the trustor, to their individual capacity, as long as the trust does not have a separate tax I.D. number.

  • The Exchanger dies after closing on the relinquished property, the Estate may complete the exchange.

© Copyright 2008 Haven Exchange, Inc. All Rights Reserved

For more information feel free to Contact Us