The Treasury Department and IRS issue final regulations regarding like-kind exchanges of real property. (As of 2021) California Tax Filing Requirement for IRC 1031 Exchanges November 23, 2020: WASHINGTON — The Treasury Department and Internal Revenue Service issued final regulations relating to section 1031 like-kind exchanges. These final regulations address the definition of real property…
Life of An EscrowAn “Escrow” in a real estate transaction begins with the offer to sell real estate, and an acceptance negotiated by the real estate agents representing the Buyer and the Seller. Escrow Company Choose an Escrow company who has a history of trust and credibility. Choose an Escrow agent who you establish a…
Internet Fraud and What to Watch Out ForThere are a growing number of fraudulent escrow services that steal money, merchandise, and identities from unsuspecting consumers. The existence of such sites also undermines the reputation of licensed and trusted escrow companies. The information below is posted on the Department of Business Oversight (DBO), formerly the Department…
