Biden Budget Once Again Threatens Section 1031 Section 1031 is again a target in the FY2023 budget proposal recently released by President Joe Biden. The proposal effectively eliminates Section 1031 by placing a $500,000 cap for each taxpayer ($1 million in the case of married couples) on deferred gain from like-kind exchanges. It is the […]
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How Split Closings can Benefit Lenders April, 2022 Would you let your car dealer pick who you used for car insurance? Would you let your realtor pick who you used to insure your home? Probably not. Yet, every day lenders allow real estate agents, property owners, lawyers and developers pick the title company that,
Split Closings Benefit Lenders Read More »
The Top 6 Commercial Loan Policy Endorsements to Protect a Lender by Maura Snabes, SVP, Corporate Counsel. March 22, 2022 Want the Commercial Loan Policy Endorsements that provide the maximum protection? The ALTA 2006 Loan Policy provides many protections for a lender that is loaning money to a borrower secured by a lien interest
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I read something last month on how SOC2 certification was making compliance attractive again. My first thought – I must have missed something; exactly when was compliance ever attractive? I guess one perfect answer would be… at audit time!
Why We Are Renewing Our SOC2 Type 2 Certification Read More »
Many real estate investors are familiar with the parameters and tax advantages of a Section 1031 tax-deferred exchange to defer the payment of capital gains taxes when exchanging certain qualifying property for other qualifying property. However, there is a newer investment concept that may prove to be just as advantageous to some investors—Opportunity Zones.
Opportunity Zones vs. 1031 Exchanges—Can They Co-exist? Read More »
