[Home Page]

What is Involved in a 1031 Exchange?
A typical tax deferred exchange is very similar to a taxable transaction except that prior to closing on the property being sold, American Title Services - SCV, LLC, as a Qualified Intermediary, is assigned into the Sale Contract. American Title Services - SCV, LLC sells the property to the buyer and transfers the proceeds safely into a separate exchange account. (The IRS stipulates the exchanger cannot be in actual or constructive receipt of funds at any time during the exchange.) The exchange period begins with the transfer of the first property providing the investor 45 days to identify, and a total of 180 days to close, on "like-kind" replacement property. The exchange is completed when American Title Services - SCV, LLC is assigned into the Purchase Contract, utilizes the proceeds received to acquire the replacement property, and instructs the closer to transfer ownership to the exchanger via direct deeding.

[Back]