Reverse Exchanges

A reverse exchange occurs when a taxpayer wants to acquire replacement property prior to the closing of the relinquished property. Although common terminology calls this type of transaction a "reverse exchange," the taxpayer does not actually acquire the replacement property first and dispose of the relinquished property later. Instead, the taxpayer must arrange for an Exchange Accommodation Titleholder (EAT) to take title to either the relinquished property or the replacement property.

This allows the taxpayer to comply technically with the "relinquish first, replace later" order, while satisfying a market requirement to close on the replacement property.

With the strength, security and reputation of First American, you can be assured that your reverse exchange will be handled with the utmost competence and efficiency.

Why work with First American?

  • We have offices throughout the country with many attorneys and Certified Exchange Specialists® on staff.
  • Your Qualified Intermediary will handle your exchange funds with care and trust, offering financial strength, experience and nationwide service, along with solid credentials in facilitating tax-deferred exchanges.
  • First American Exchange strictly deposits exchange funds with FDIC-insured institutions that have investment-grade ratings (or are subsidiaries of investment-grade institutions). First American’s Treasury team closely monitors the financial stability of these institutions. We do not invest any exchange funds in securities.
  • We maintain a multimillion-dollar fidelity bond and a professional liability insurance policy from a leading independent insurance underwriter.

What do we offer?

  • Bilingual staff and brochures in multiple languages, including English, Spanish, Chinese, Vietnamese, Korean and Japanese.
  • Online ordering 24 hours a day.
  • Assurance that transactions are handled by knowledgeable, experienced staff members.

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First American Exchange Company

First American Exchange Company



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