In today’s uncertain economic environment, it is critical your exchange firm follows a secure process to ensure the return of your exchange funds. Almost one billion dollars in exchange funds have been: compromised, lost, defalcated or invested unwisely in the last two years alone.
*At 1031 Exchange Advantage, there has never been a claim against our firm in over thirty years. We believe firmly in and follow this process to ensure return of your exchange funds.
The 1031 Exchange Advantage, Inc. Security Guarantee
- We let you wire your funds from the close of escrow directly into your own segregated exchange account and can access it online 24/7**
- Your Signature is required to move any funds out of the account
- We insure the return of your funds by only using Banks that participate in a new FDIC Program: Temporary Liquidity Guarantee Program. Please visit www.fdic.gov for a list of banks that are not in the program.
- Under this Program the FDIC offers full coverage on any balance regardless of the amount.
- We post the terms of our security guarantee on its website or in the exchange agreement.
- We register the exchange agreement with the bank and they will require your signature to move your funds.
- We maintain Errors and Omissions and Fidelity Bond Coverage.
- We invite you to call our insurance agent to verify all premiums are current and there has never been a claim against the company. Please call our agent at (949)679-3700 to verify there has never been a claim against the company and that our premiums are current and insurance coverage is in full force and effect.
We guarantee to safeguard your funds with the above process or we will not charge you a fee. For any questions about our firm, a copy of our bond, or to discuss your next exchange, please call us toll free at 866-944-1031 or email to info@1031exchangeadvantage.com
1031 Exchange Advantage, Inc. uses Silvergate Bank and Union Bank of California, N.A, among others, both participate in the program. Please visit www.fdic.gov for a list of banks that are not in the program.
** This can be arranged if you contact our office one week prior to COE and obtain special wire instructions. |
