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Services for Real Estate Pros |
RAINER 737 |
| Dorothy Zink | ||
| location_on Huntington Beach, CA — Haven Exchange | ||
| insert_link http://www.havenexchange.com | ||
| web Dorothy Zink's (havenexchange) Blog | ||
I am the President of Haven Exchange, a qualified intermediary for 1031 exchanges of real estate. I have over 16 years experience coordinating 1031 exchanges and prior to that I was an escrow officer for five years.
I have coordinated over 16,000 exchanges of all types, but I am most proud of the security provided by Haven Exchange for the exchange funds we hold.
Naturally, Haven Exchange is fully bonded and insured. But better than that, we have arranged for the exchanger to be able to monitor his/her/their exchange funds the entire time we hold them. We open a brand new FDIC insured, 100% liquid money market account at Union Bank of California for each and every exchange and our client receives the monthly bank statement from the depository bank. They never have to wonder where we may have invested their funds, or whether they are truly segregated. The recent tragedies that have befallen some of our competitors and their clients would not be possible at Haven Exchange because of our business model.
We are available to answer your questions anytime between 6am and 9pm PST 7 days a week. We fund your replacement property escrow on the same day we receive the necessary documentation until 2:30pm PST and faxes are acceptable. We can produce the necessary documentation for your exchange within minutes if necessary.
Security and Service for your 1031 tax exchange is our main focus.
Even though our pricing is always very competitive, it is not the most important reason to choose Haven Exchange. Neither should the fact that we pay interest on every account, no matter the size, be your first concern. The absolutely critical factors are Security and Service. It could be said "It's where the rubber meets the road."
1031 Exchange Funds Security
Haven Exchange provides clients with a degree of safety and security for their funds that is unmatched by any of our competitors. We are covered by a 5 million dollar Fidelity Bond.
We open a brand new money market account for every single exchange and our clients receive the monthly bank statement from Union Bank of California. Every account earns interest no matter the size. Each account is a dual signature, qualified escrow account. Naturally, the bank statements reflect all the activity and balance, including interest earned for their individual 1031 Exchange account. For your security, two signatures and an ever changing, randomly generated encrypted security code are required for any release of your 1031 funds.
If your Qualified Intermediary isn't showing you the monthly bank statement FROM THE DEPOSITORY BANK, they are pooling your funds. That is not only dangerous, but enables them to earn extra interest that they pocket.
Qualified Intermediary for 1031 Exchanges of real estate.
