Vicki Hoover at H & S Title and Escrow in Destin, Florida referred this 1031 exchange to Atlas 1031. The Taxpayer lives in Colorado and was selling and replacing property in the Florida Panhandle.
Simultaneous Exchange
A same day closing for both the old and new property was requested. Vicki coordinated the closing with all parties. This allowed for the exchange proceeds to be directed to the replacement closing without having to hold the net equity or exchange proceeds in an escrow account by the Qualified Intermediary.
Testimonial
“The reason, I wanted a 1031 exchange was to use those tax dollars towards purchasing the replacement property rather than paying the taxes now. It was completely painless and a simple process. The 1031 exchange could not have been any easier. I was comfortable with Andy from the start.”
Monica Holley
Telluride, Colorado
