Free PDF E-Booklet
Free PDF E-Booklet
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EXCHANGE INTERMEDIARIES
In our Experience we have found it not unusual for an Exchange Client involved in a Delayed Exchange to take a promissory note as part of the equity received.
Although this could be considered "unlike" property received as boot, during the period while the client is locating and designating replacement property, someone has to take care of the collection and servicing on the note.
If the note is no assigned the situation could involve an installment sale within the Exchange. It is difficult to find a service provider to take care of the servicing, management, reports during this short term.
The owners of Note Servicing Center have been involved in 1031 tax deferred exchanges both as principals and brokers for over 25 years. Since 1984 however, the sole business of the company is to provide accurate, reliable Note Servicing and Trust Deed Management.
Our clients include Trust Companies, Title and Escrow Companies, Attorneys, Accountants, Real Estate, Loan and Note Brokers. Our computer system meets the requirement of Department of Real Estate Trust Fund Accounting and is updated as new regulations occur.
No Note is too difficult to service. There is no penalty to cancellation. Our services can be tailor made to suit the needs of the Exchange Client.
- For a complete list of services included in the low monthly fee click here.
- For a package or information on our services click here.
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