1031 SERVICES, INC., is a full service 1031 exchange company. We act both as qualified intermediary in deferred exchanges as well as exchange accommodation titleholder in reverse or improvement exchanges throughout the US. > More information on our services OUR EXPERTISE... Mary B. Foster, President, has extensive knowledge of the cases and rulings governing exchanges and of the industry as a whole. As co-author of the leading treatise Tax Free Exchanges Under §1031, Mary is at the forefront of the industry and continually keeps up-to-date with new or changing issues within the IRC §1031. Mary is frequently called upon for her expertise by other qualified intermediaries and attorneys alike as well as called upon by the IRS to travel to Washington D.C. to meet and discuss pressing issues regarding the 1031 industry. SECURITY OF EXCHANGE FUNDS... The safety and security of your exchange funds has always been our main priority. Our company has always maintained segregated, interest-bearing accounts for each client and has always used national banks with sound ratings from the FDIC. To learn more about our exchange account policy, please refer to "Why are Your Exchange Funds Secure with Us?". OUR CLIENTS... Our clients range from large national corporations doing multiple complex exchanges to individuals exchanging their single family rental house. We have participated in exchanges of all types of properties including real estate, equipment, aircraft, shipping vessels, artwork and other collectibles, businesses, licenses, and radio and television stations. We have also worked on exchanges in foreign countries. OUR APPROACH... We have always approached our work as a personal service rather than a commodity or volume business. Our staff has extensive escrow industry experience and knowledge. High quality customer service and expertise in the industry gives us the edge when working on your exchange. WHY ARE YOUR EXCHANGE FUNDS SECURE WITH US? |
We believe that you should know exactly how and where your exchange funds are deposited. Furthermore, you should receive independent verification of this critical information directly from the bank. Don't settle for anything less from your exchange intermediary company! It's your money and you need to protect it in these rocky financial times. Accordingly, we provide the following for all our exchange clients: (1) Segregated Account. Your exchange funds are held by 1031 Services, Inc. in an "as trustee for" account with Union Bank, N.A. ('Union Bank'), or another bank of your choice*. We have never commingled or pooled a client's exchange funds with any other client funds for investment purposes. (2) FDIC Insurance. Your Union Bank account is an obligation of the bank and is an interest-bearing, money market account with daily liquidity, that is FDIC insured for up to $250,000. Alternatively, you may choose a non-interest bearing account that is fully guaranteed for the entire amount of the deposit under the FDIC’s Transaction Account Guarantee Program. For more information about FDIC insurance, see here. See Union Bank's latest bank ratings here. (3) Independent Verification from the Bank. Union Bank sends the monthly statements and 1099s directly to you and thus, you can independently verify the amount of the deposit and interest. In addition, Union Bank has an optional service that allows you to check your account on-line at anytime. While we appreciate your trust in us, we believe that you should also receive the independent confirmation of your deposit from Union Bank. (4) Qualified Escrow Account. You can request that your funds be held in a "Qualified Escrow Account" that requires your written authorization to the bank for any withdrawals. *an additional set up charge will apply to use another bank.
We are happy to provide client and bank references upon request. For more information or to speak with someone at our office, please call us at: (425) 646-4020
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