Contact Us
Find an Office

1031 Exchange

First American Exchange Company

 

The 6 most important things you need to know (about 1031 exchanges)

  • Although 1031 Exchanges are complicated and exacting, there are 6 things that are important for you to understand about them:
  • Both your old property and your new property must qualify as 1031 property.
  • You have 45 days to prepare a list of properties you want to buy. You have 180 days to close on the purchase of one of the properties on your 45-day list.
  • You may NOT touch the money. Typically, the money is held by a Qualified Intermediary.
  • The holder of title to both your old property and your new property have to be the same.
  • In general, you must equalize the debt on your old and new property.
Choose First American Exchange Company
As Your 1031 Qualified Intermediary.


First American Exchange Company, LLC
215 South State Street, Suite 380
Salt Lake City, UT 84111
Phone: 801.944.1031
Fax: 866.669.6096

Links


Was this page helpful?
Thanks for the info!
Share Contact us

Give Feedback

  • Issues with a First American Product or Service
    • Home Warranty
      • Tell Us About Your Experience
      • Start a Claim
      • Request a Quote
    • Title Insurance, Escrow or Settlement Services
      • Tell Us About Your Experience
      • Submit a Claim
    • Home Insurance
      • Tell Us About Your Experience
      • Start a Claim
Print Font Size A A A

Previously Viewed

Email This Page

Please Contact Me

Visit a State Website