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Your exchange funds are held as cash in a separate money market account at Union Bank of California.

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$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.

I’ve been asked to carry back a purchase money note for my buyer, how does that effect the exchange?


A seller carry-back can be treated as an installment sale or may be deferrable upon certain conditions (call for an in-depth review). The important thing to remember is that the method of handling a carry-back will have important tax ramifications to the Exchanger and the options must be discussed and an action determined BEFORE THE SALE CLOSES.

 

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