The market may have dropped But The 1031Exchange Money is still in the Bank

John LastelicBecause Haven Exchange maintains separate money market bank accounts for every exchange  (not at all the same as “money market funds”), not one penny of 1031 exchange funds has been lost on the latest Wall Street roller coaster ride.  All of the money is still in the Bank!

Seek  Haven Exchange 866-794-1031

 

 

 

Image result for bank vault with money

 

CMBS loan that turned recourse because SPE became insolvent

John Baker
Thanks, Brent, for forwarding this.

According to the Court of Appeal decision, the following sub-paragraph is common to many CMBS Separateness Covenants: The borrower shall not,

“fail to remain solvent or pay its own liabilities (including, without
limitation, salaries of its own employees) only from its own funds;”
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