by William Horan | Jan 9, 2016 | Process, Realty Exchange Corporation, State Law
Maryland recognizes the federal 1031 exchange law and will grant an exemption if you meet certain criteria. If you need help with a 1031 exchange and are a Maryland nonresident we can help with the frustrating Maryland Certificate of Full or Partial Exemption...
by William Horan | Jun 24, 2015 | Realty Exchange Corporation
The CFPB has formally proposed to delay the TILA-RESPA ( TRID ) final rule effective date to Saturday, October 3, 2015. The TRID rules apply to covered “closed-end credit transactions secured by real property” for which the creditor or mortgage broker receives an...
by William Horan | May 18, 2015 | Federal Law, Process, Realty Exchange Corporation
In a previous blog, we alerted 1031 exchangers and all other buyers and sellers to expect longer settlement times due to implementation of the new CFPB TRID rules and new forms after Aug 1, 2015. As a qualified Intermediary (QI) we are prepared during the transition...
by William Horan | Apr 1, 2015 | Realty Exchange Corporation
1031 Exchangers Need to Prepare for 1031 Exchange Delays Effective this August 1, 2015, the new TRID (TILA-REEPA Integrated Disclosure) form replaces the current HUD-1 settlement form. Real estate and settlement agents should be training now to prepare for this...
by William Horan | Feb 27, 2015 | Realty Exchange Corporation
This is a TAX ALERT to all of our clients, referral sources, professional colleagues and anyone else who has benefited from the use of a Section 1031 exchange. There are three legislative proposals under consideration that recommend eliminating or severely...
by William Horan | Feb 26, 2015 | Realty Exchange Corporation
Net Investment Tax What was once called the 3.8% Medicare Tax is now called the “Net Investment Tax”. As we noted in our article “What Is the Tax Impact of Sale”, selling an investment or business property may cause you to pay the 3.8% tax. While doing a...
