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Title Insurance | Information Reports | Abstracts | Closing and Escrow Services | Construction Disbursing Services | 1031 Deferred Exchanges

Additional TopicsWhat is the timeline for the entire "Exchange Period"? What is the timeline for the "Identification Period"? How do I identify property I wish to use as replacement property? When I identify the Replacement Property, how specific do I need to be? What are the rules for identifying multiple Replacement Properties? Where will the proceeds from the Relinquished Property transaction be held? Questions to answer before choosing an exchange company Reverse Exchanges: A Beginner’s Guide

Choosing an Exchange Company

Runkel Abstract & Title Co. stongly suggests the following questions be addressed to assess the service level of the exchange company in question.

1. Is a Qualified Escrow or Qualified Trust available?

2. Is each exchange fund handled separately?

3. Where are the funds invested?

4. What security is in place for the exchange/sale proceeds?

5. What is required before funds are disbursed?

6. What bonds or insurance are in place to protect against employee error or theft?

7. What percentage of the company's exchange transactions are completed successfully?