|
1031 Exchange
|
|
Enter New Glossary Term:
"Alderson" Simultaneous Exchange (1963)
|
| Enter Glossary Term Description:
This method of completing the transaction utilizes the cash buyer (Party C) of the relinquished property as the accommodator. On the day of closing, C will buy the replacement property from B with cash. B has what they want (cash), however, C does not want the replacement property; C wants the relinquished property. Here, Party A exchanges the relinquished property with C for the replacement property. |
|