How it works
Coordinate the structure before funds or title move.
A reverse exchange may be appropriate when the desired replacement property cannot wait for the relinquished property to sell. The transaction generally requires an exchange accommodation titleholder to park one of the properties under a separately documented arrangement.
Financing, title, entity structure, parking costs, and the applicable identification and exchange deadlines should be addressed before acquisition. North Oak Exchange coordinates the qualified-intermediary role with the exchanger’s legal, tax, lending, and closing professionals.