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For your
security, two signatures and an ever changing, randomly
generated encrypted security code are required for any release
of your 1031 funds.
If your
Qualified Intermediary isn't showing you the monthly bank
statement FROM THE DEPOSITORY BANK, they are pooling
your funds. That is not only dangerous, but enables them
to earn extra interest that they pocket.
RECENTLY WE HAVE SEEN
TRIPLE A RATED INSTRUMENTS LOSE PRINCIPAL. MANY OTHER
QUALIFIED INTERMEDIARIES INVESTED EXCHANGE FUNDS IN FANNY MAE
AND FREDDIE MAC, BECAUSE THEY WERE ERRONEOUSLY CONSIDERED
SAFE, BEING GOVERNMENT BACKED. HOWEVER, THAT DIDN'T SAVE
STOCKHOLDERS THIS YEAR. MANY MONEY MARKET FUNDS BROKE
THE BUCK AND LOST PRINCIPAL AS WELL.
Because
Haven Exchange maintains separate money market accounts (not
at all the same as "money market funds") for each exchange,
not one penny of exchange funds was lost. They all
earned interest for our clients.
You cannot
accept less security for your 1031 Exchange
funds.
It is of note
that while many Qualified Intermediaries claim that each
exchange has a separate bank account, no one but Haven
Exchange proves it with the monthly statement from the
depository bank.
If they
really open separate accounts for each exchange, where is the
monthly bank statement?
Their own
internal sub-accounting is not the same as or equal to an
actual separate account at the bank, yet they try to make you
think that it is.
Exemplary
1031 Exchange Service is a requirement
What has most
impressed our
customers is the reliable care they receive from our
knowledgeable and enthusiastic staff. I have many years
experience both in escrow and 1031 exchange, but my team has
really taught me something about customer service that I'm
sure you will value. As much as I was able to teach them about
1031 exchange
services, I feel very enriched by their contribution.
Everyone at Haven Exchange is committed to providing
unsurpassed service to our clients. Your success is our
success.
Haven Exchange
is here for you 7 days a week, from 6am to 9pm PST so we can
be available when you need answers. Because of the obvious
advantage to our clients, we are highly responsive in
providing your 1031 Exchange documents, service and funds.
This means the documents for your 1031 tax Exchange can
be delivered within minutes and that we can fund your closing
the same day we receive the necessary signatures, up to 2pm
PST.
It is
imperative that the Exchanger feel confident that their
Qualified Intermediary has the requisite expertise, skill and
commitment to provide quality service. Haven Exchange is
sensitive to these concerns. The senior staff alone have more
than 30 years combined experience working with investment real
estate transactions and 1031 Exchange service. I
have earned the designation of Certified Exchange Specialist
from the Federation of Exchange Accommodators.
While we
do not replace the role of your legal and tax advisors and the
insight into your unique situation that only they can provide,
we are able to guide investors through the exchange process by
discussing the specific exchange requirements. Though we are
located in California, we perform 1031 Exchange
services Nationwide. We have exceptional technical
expertise and practical experience derived from many years of
providing 1031 exchange services for thousands of tax
deferred exchanges. Our CPAs have the experience to handle
the most challenging exchanges and are available to you. Our
innovative techniques in structuring 1031 tax exchanges,
combined with the unique multidimensional insights of our
professionals, create the ability to overcome many
perceived obstacles to 1031 exchanges. The many real
property exchange variations we handle allow us to provide
exchangers superior 1031 exchange service.
Even IRS
agents have used Haven Exchange as their Q.I.
As a member of
the Federation of Exchange Accommodators, an industry-wide
trade association representing over 100 Qualified
Intermediaries throughout the nation, we are continually
informed of any new developments and legislation regarding tax
deferred 1031 exchanges services in California, and
Nationwide.
An attorney
very experienced in handling all phases of exchange
transactions, N. Brooke Gabrielson, designed our documents,
procedures and policies. He specializes in real estate and
real estate tax law, and has taught same both at USC and
USI.
• HAVEN EXCHANGE
is a wholly independent corporation, not affiliated with any
escrow or title company, and so we work very well with them
ALL.
• Member of the FEA.
•
Certified Exchange Specialist on staff.
• 5
million dollars per occurrence Fidelity Bond
•
Professional Liability Insurance Protection
• We have
a friendly, experienced support team, including CPAs
specializing in 1031 Exchange, waiting to help
you.
• Toll free, it's (866)
794-1031.
Haven Exchange
cannot provide advice regarding specific tax consequences.
Investors considering an IRC §1031 tax deferred exchange
should seek the counsel of their accountant and attorney to
obtain professional tax and legal advice.
Proud Member
of the
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