1031 Exchange Experts

    Search our site
Home | About Us | 1031 FAQ | Library | Tools | Request Funding Docs | Resources | Apply Online | Site Map | Contact Us
Browse by Topic
  Why Use Haven Exchange
  Testimonials
  Fidelity Bond Program
 
  Real Estate Capital Gains Tax
  1031 Exchange Requirements
  Real Estate Investing
  Qualified Intermediary
  Open a New 1031 Exchange
  1031 Exchange Information
  Tenant in Common
  1031 Tax Deferred Exchange
 
  1031 News!
  TIC Investment
  Reverse 1031 Exchange
  1031 Guide
  1031 Do's and Dont's
  Earnest Money Deposits
  Exchange Doc for Buyer
 

$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.

Transparency for 1031 Exchange Funds is CLEARLY better

Premium Security

There is much to consider with regard to 1031 Exchange Security.

According to information released by the Federation of Exchange Accommodators, 98% of their qualified intermediary members retain a portion of the interest earned on exchange funds, and to do this at higher profits they may hold exchange funds in a pooled account.

Not only the small, wholly owned QIs, but the large, title company affiliated QI's are pooling your money so that they can earn a higher return than the banks are paying, which they retain, since you cannot even see it.

They may invest it in anything from their pooled account in their quest for higher returns on your principal, although it would be very unlikely to be invested in other than AAA rated vehicles.  In the past several year, however, that did not have guaranteed the return of the principal.  This is something from which we are proud to say Haven Exchange protected its clients, by holding each account separately as cash, never invested. We specialize in the return of your principal, rather than return on it. We accepted the fact that our profits would be less than our competitors, who scoffed and called us naive before the downturn. But we slept well at night as did our clients.

In that last downturn 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 RECENTLY.  ADDITIONALLY, MANY TRIPLE AAA RATED MONEY MARKET FUNDS BROKE THE BUCK AND INVESTORS LOST PRINCIPAL! SOME QIs WERE INSTANTLY TRANSFORMED INTO PYRAMIDS UNTIL THEY EARNED BACK THE 7 OR SO PERCENT THEY LOST. AND IT'S HARD TO BELIEVE, BUT MANY QIs ARE DOING IT NOW!!!

Because Haven Exchange maintains separate money market accounts (not at all the same as "money market funds") held as cash 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.

At Haven Exchange the funds are held as cash in completely liquid, totally segregated, FDIC insured, money market accounts.

There is further security in the policy of truly segregated exchange accounts, with regard to any possible litigation, bankruptcies, etc.

When a QI retains a portion of the interest earned by a pooled account, the QI must write a check to their general account from the pooled account in the amount of the interest to be retained by it. Because the check for their "share" of the interest is not addressed as a specific fee, at the moment they write that check they have commingled exchange funds with their general funds, and a judge could (and many have) declare that the exchange funds were therefore available to the QIs debtors!  Haven Exchange calls this practice unconscionable.

At Haven Exchange, your signature is required prior to the release of any funds.  Then two more signatures, two passwords and a constantly changing digital password are required for any wire.

Premium Service

You can call Haven Exchange and speak with an actual human being between 9am and 5pm PST Monday through Friday.  Our friendly, experienced staff has a combined 35 years experience coordinating 1031 Exchanges, and have coordinated over 15,000 exchanges.  We are glad to speak with you about your 1031 Exchange.

We can fund the closing of your replacement property on the same day of our receipt of the necessary documentation.

We can produce the necessary documentation for your 1031 exchange within an hour.

Haven Exchange wants to be on your team.  Call us toll free 7 days a week.

(866) 794-1031


© Copyright 2008 Haven Exchange, Inc. All Rights Reserved

For more information feel free to Contact Us