First American Exchange offers a safe harbor and methodology for investors utilizing a 1031 tax deferred exchange to diversify, increase, or consolidate investment properties. As the Qualified Intermediary in the process, First American Exchange works in concert with the escrow or closing officer to assure that Internal Revenue Service requirements are met, funds on deposit are secure, and the investors' real property sales and acquisitions are completed in a timely and efficient manner. Utilizing the organization's network of offices, First American Exchange is able to coordinate complex transactions involving multiple properties located throughout the United States.
Investors and their real estate, tax, and legal advisors have the additional assurance that each transaction is covered by a $22.5 million Errors and Omissions Policy and a $20 million Fidelity Bond.
We invite you to contact any First American Exchange office or affiliate to act as your Qualified Intermediary and secure the advantages of a 1031 exchange, one of the few remaining tax shelters for most Americans.
S.H. SPENCER COMPTON, ESQ.
Phone: 212-850-0647 Fax:212-331-1680