Funds in Escrow
Strategic Property Exchanges, L.L.C, All States 1031 Exchange Facilitators, and Midwestern Exchange, Inc. safeguard Exchange Funds with a Qualified Escrow Account with its depository Banks.
Each Qualified Escrow Account is:
- Opened in the name of the Client and under their tax identification number; and
- Accessible by the client via our secure password protected internet portal at any time.
- No withdrawal may be made without the express written direction of the client and condirmed by our depository bank.
- All funds are 100% FDIC insured;
- All accounts can be established in less than 24 hours.
- No fees or charges on Qualified Escrow accounts.
Please note that for foreign property exchanges overseas, qualified escrow services may not be available. Please allow additional time to open overseas accounts.