Real estate blog entries tagged with contracts by Lisa Lambert, Esq. (1031 Exchange Expert) (The Law Offices of Elisabeth A. Lambert)

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Home : Blogs : Lisa Lambert, Esq. (1031 Exchange Expert) : 1031 Exchange Expert: Qualified Intermediary, 1031 Exchanges, Accommodator, California and the U.S., etc., etc, : Tag "contracts"

contracts: 1031 Exchanges - Is An Assignable Contract Necessary? - 06/12/08 01:45 PM

YES!

This issue has come up twice this week. Once on an AR blog and once in the course of my business. So here you go. . .
When a client selects a Qualified Intermediary (QI, accommodator, facilitator) and decides to open an exchange account a number of contractual things need to happen before the QI is ready to accept the clients funds from the sale of the property.
1. The Seller (client/taxpayer) will sign an exchange agreement, which essentially prevents them from having the ability to pledge, borrow or otherwise receive the benefits of the sale proceeds during the exchange period … (10 comments)

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Lisa Lambert, Esq. (1031 Exchange Expert)

Fresno, CA

More about me…

The Law Offices of Elisabeth A. Lambert

Address: 1222 W. Shaw Avenue, Fresno, CA, 93711

Cell Phone: (559) 433-5399

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Discussing 1031 Exchange Issues and Related Real Estate Issues in California. Specifically focusing on the Merced, Madera, Fresno, Selma, Reedley, Oakhurst,Visalia, Hanford, Porterville and Bakersfield areas.

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