Bankers Exchange Services

LandAmerica 1031 Exchange Services Company, Inc. announced that effective November 24th, they would not be accepting any new exchange customers and would be terminating their operations immediately. A significant portion of the exchange funds that Land America Exchange received were invested in securities that they are currently unable to sell or borrow against. Exchangers needing access to their funds in order to close on replacement properties within their prescribed time lines may face real challenges.

If you have a 1031 exchange transaction that you need to open, please consider Bankers Exchange Services. BES, wholly owned by Bay Commercial Bank, is participating in the FDIC Insurance “Temporary Liquidity Guarantee Program”. This program allows for all exchange funds deposited into non-interest bearing transaction deposit accounts and held in domestic offices of participating FDIC-insured institutions, to be fully insured. This provides an excellent option for exchangers whose proceeds will be over the current FDIC limit of $250K for individuals or $500K for joint accounts. You will be assured that the entire amount will be backed by the FDIC while held by Bankers Exchange Services. This program has been put into place by the FDIC and will remain in effect until at least December 31, 2009.

We also offer other types of deposit instruments including interest bearing and CDARS accounts. Some restrictions apply to the CDARS account, so please contact us for details.

When you work with Bankers Exchange Services, you will work with our highly experienced and professional exchange team. We have certified exchange specialists® on staff as well as an advisory attorney, all of whom will be happy to answer questions and lend assistance in structuring your exchange. We look forward to earning your trust and providing you with excellent service.

Bankers Exchange Services can be reached toll free at (877)989-1031 and has three locations to serve you in Walnut Creek, Oakland and Long Beach, California.

 
There are distinctive types of oil, gas, and mineral interests. A mineral estate is the perpetual interest in all the minerals on the land, and they are generally divided into leases, royalties, and production payments.

An Oil, Gas and Mineral Interest, often referred to as a working or operating interest, is a percentage of ownership in an oil, gas or mineral lease, and is considered a real property interest for federal tax purposes and therefore eligible for a 1031 tax deferred exchange. A working interest allows the lessee to enter the land and extract oil, gas and minerals for a set period of time or utill exhaustion, and with that, the obligation to incur the cost of operating expenses such as exploration and extraction. Often times, the sale of working interests include the sale of related equipment and other tangible personal property. If this is the case, the equipment can either be sold or handled as a separate personal property exchange.

A mineral royalty is a non-operating interest wherein the owner does not incur any cost of production, and receives a designated percentage of all minerals produced for the life of the property interest. A royalty interest is also considered real property for federal tax purposes.

A production payment is the right to a specified share or production from a mineral property when that production occurs. It is a carved out payment and is not considered real property for federal tax purposes and an exchange of a production payment for real estate will not qualify under section 1031.

Both working interests and royalty interests are exchangeable with other working and royalty interests as well as with ownership in other real estate, such as an apartment building, office building or single family rental home.

Remember, there is no substitute for effective tax planning. Once you and your tax advisor have determined that a 1031 tax deferred exchange is appropriate Bankers Exchange Services will guide you through the exchange process to successful completion. Please contact Erica O’Leary or Wendy Gallagher with your exchange questions. You can reach us toll free at (877) 989-1031.

Welcome to the November 5, 2008 edition of 1031 exchange.

KCLau presents The Malaysian Insurance Planning Guide by Meshio.com [REVIEW] posted at KCLau’s Money Tips, saying, “A review about an ebook on insurance planning. The book is specially written to guide Malaysians on their next insurance purchase.”

Joshua Seth presents 5 Steps To Prosper In Hard Economic Times posted at Joshua Seth Blog, saying, “As I write this article the stock market has seen historic declines, property values are declining, unemployment is on the rise, and inflation is increasing. A lot of people are justifiably worried and glued to the TV news every chance they can get. So what can you do about all this? Actually, quite a lot. You may not be able to change what’s happening in the world, but you can absolutely change how it affects you and actually profit by it in a big way.”

KCLau presents Are you part of the NEET Generation? posted at KCLau’s Money Tips, saying, “About NEET (Not in Education, Employment or Learning), the NEET generation and why there is NEET.”

Andrea Smith presents How Can I Recover from Bankruptcy? | Consolidate4Free: Free Debt Consolidation Articles posted at Free Debt Consolidation: Qualified Financial Management.

Anya Portnik presents On being a motivational speaker… posted at Gavin Ingham.

KCLau presents Financial Consideration for New Parents in Malaysia posted at KCLau’s Money Tips, saying, “Recently, there is an interesting post written by Xin Lu at Wisebread about the financial consideration of having a newborn baby. The article is more catered to the situation in the USA. Although it might differ in terms of currency, the other facts might similar and worth our study. This sparks the idea of writing this post to share with you the financial side of being a new parent in Malaysia.”

escrow/settlement

Investing Angel presents Is Trading For You? » Free Stock Market Investing Tips posted at Stock Tips, saying, “Find out if the life of a stock trader is for you.”

investing strategies

Sandy Naidu presents Credit Card Debt - Debt Consolidation | FutureNestEgg posted at Future Nest Egg.

KCLau presents How Fundsupermart will Revolutionize the Unit Trust Industry in Malaysia posted at KCLau’s Money Tips, saying, “About iFast Capital, the future of unit trust investing in Malaysia. As well as how the company would revolutionize the unit trust industry.”

Sandy Naidu presents Insurance Bonds - Advantages And Disadvantages Of Investment Bonds | FutureNestEgg posted at Future Nest Egg.

Dennis Scheffler presents Logo Design Ideas for Your Company posted at Logo Design Blog, saying, “A logo for your company will be the corner stone of your marketing efforts, so you need to come up with some logo design ideas that will really pop and get noticed.”

Adam Freedman presents Real Estate Investing Pros and Cons posted at The Investor’s Journal.

Joseph presents How To Invest posted at Your Investing Guide.

tony scott presents Free Online Advertising posted at Promote Your Business, saying, “Free classified Ads buy and sell pets computers real estate used car and general merchandise online. Promote your business for free.”

mortgage/financing

imarketing4s presents Why Should Kentucky Residents Consider Kentucky Debt Consolidation Companies? | Consolidate4Free: Free Debt Consolidation Articles posted at Free Debt Consolidation: Qualified Financial Management.

Investing Angel presents Why Most Investors Buy High And Sell Low » Free Stock Market Investing Tips posted at Stock Tips, saying, “Some ways to avoid the mistakes of buying high and selling low.”

Joe Manausa presents Dave McCormick On Restoring Global Stability posted at Tallahassee Real Estate Blog, saying, “Under Secretary David H. McCormick made the following remarks about the current economic turmoil while speaking at Wharton’s Eleventh Annual Investment Management Conference. He identified how the chaos basically got started and acknowledged that we are now paying the price.”

Beno Varghese presents Fed Holds New Power to Pay Interest on Reserves posted at Beno Varghese dot-com.

imarketing4s presents How Can I Recover from Bankruptcy? | Consolidate4Free: Free Debt Consolidation Articles posted at Free Debt Consolidation: Qualified Financial Management.

Jesse Wojdylo presents Isn?t Wealth a Direct Correlation to Success? posted at Subprime Blogger.

real estate market

Jason Hubert presents Miami Beach Real Estate | Florida Beach Real Estate posted at Florida Beach Real Estate, saying, “This is a page I made covering real estate within Miami Beach, I hope you find it of use =)”

transaction tips

Scott Host presents How to find a web hosting company posted at www.hot10hosts.com, saying, “This site ranks webhosts based on reputation, longevity of the business, cost, customer service, storage space, bandwidth, setup costs and features. You can sort your search by budget hosting, windows, or linux hosting, ecommerce hosting, reseller hosting and if they also offer domain registration.”

GETi.com presents GETi.com Coupons and Price Compare ?Price Compare posted at GETi.com Coupons and Price Compare, saying, “Coupons Discounts, Price Drops and Price Comparison Tools on everything you buy. Save on every purchase every day. Our unique price comparison tool updates prices on millions of items from hundreds of sites daily. Compare from every top merchant on the internet, find free shipping and save on taxes at GETi.com.”

Denis Dobrochasov presents Taken for a Ride posted at Chasov Blog - Your World Insight, saying, “Chasov Blog publishes professional and quality content discussing a wide variety of subjects and providing contrasting points of view on different subject matters. Some topics of interest include business creation, network marketing, life events, relationships, money, banking, news, television, movies, travel, education, biking, gardening, fitness and a variety of others.”

If you have any questions on 1031 Exchange please contact our office at (877)989-1031

That concludes this edition. Submit your blog article to the next edition of 1031 exchange using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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