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 bank accounts for each client. 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. Accordingly, we provide the following for all our exchange clients: (1) Qualified Escrow Account. Your exchange funds are deposited in a segregated qualified escrow account (the “Escrow Account”) with Beneficial Mutual Savings Bank (the “Bank”), as the escrow holder.* We have never comingled or pooled a client’s exchange funds with any other client’s exchange funds for investment purposes. Any disbursement from the Escrow Account requires your written authorization, the authorization by a Bank officer, and the authorization of an officer of 1031 Services, Inc. (2) Independent Verification from the Bank. We appreciate your trust in us, but we believe that you should receive independent verification directly from the Bank about how and where your funds are invested. Thus, the Bank will send you a monthly account activity statement, and you may also request on-line viewing of your account directly with the Bank. (3) FDIC Insured Money Market Account. The funds in the Escrow Account are invested in a money market account that is insured by the FDIC for up to $250,000. Interest is credited to the Escrow Account on a daily basis. Your tax identification number is used for the Escrow Account. For information published by Bauer Financial regarding Beneficial Mutual Savings Bank, click here. Under "Quick Links", click on "Bank Star Ratings" and then type "Beneficial Bank" under "Institution". This will provide detailed information for your reference. *We will instead up an account with a bank of your choice for an additional fee.
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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