Bankers Exchange Services

There has been a lot of press recently about the closure of Land Americas 1031 exchange company.  In an effort to keep the public informed and help any clients who are caught up in the untimely and unfortunate circumstances we have included a link to the site where claims can be filed. 

We hope this will be of help to those who need it.  The Federation of Exchange Accommodators (FEA) is also diligently attempting to request some sort of tax relief for those affected by this situation.

For those who have questions regarding 1031 tax deferred exchanges please feel free to contact our office directly at (877)989-1031

Welcome to the December 3, 2008 edition of 1031 exchange.

KCLau presents Case Study: Financial Goals of a Malaysian working in Singapore posted at KCLau’s Money Tips, saying, “Subscribe to my Newsletter to receive the Top Money Tips for Malaysians ebook.

What you will get:

* Top Money Tips e-book
* Budgeting e-book (a week after signing up)
* Insider’s tips not published here”

KCLau presents My Greatest Financial Fears posted at KCLau’s Money Tips, saying, “Everyone will encounter several personal fears as they go through their life phases. There is one fear which most of us will definitely have to deal with and that is financial fear. I have listed down below several financial fears that the majority of us will encounter.”

imarketing4s presents Cheap Debt Consolidation: Regain Your Financial Freedom posted at Free Debt Consolidation: Qualified Financial Management.

imarketing4s presents How Do I Know If I am Eligible For Student Loan Debt Consolidation? posted at Free Debt Consolidation: Qualified Financial Management.

KCLau presents Buy term and invest the difference posted at KCLau’s Money Tips, saying, “In this post, I will share my view about the reality and practical part of making use of this well-known strategy of buying term and investing the difference.”

KCLau presents If either one of the joint-account holder dies, who gets the money? posted at KCLau’s Money Tips, saying, “Let’s say you have a joint account with your spouse in a local bank. Due to an unforeseen accident, your spouse passed away (touch wood). Are you entitled to withdraw all the money in the account, say RM100k? The answer is not simply a “yes” or “no”. It actually depends on the bank’s rules and regulations. What I learn is that there are three possibilities.”

escrow/settlement

Debt Wizard presents Credit Cards- What To Look For posted at Money Help, saying, “The right credit card for you depends on your spending habits and if you are able to fully pay off your credit card each month.”

investing strategies

Investing Angel presents Investments To Avoid posted at Stock Tips, saying, “Some investments to avoid - especially in the coming recession!”

Scott Miscall presents Investment Property and Fixer Upper Homes posted at Should you Consider Hard Money Finance?, saying, “Hard money finance can be a means to an end for some people and it can be beneficial. But, it really should be thought of as a last resort and not something to bank on for a long term solution.”

Market Breaker presents It?s Been A Brutal Year posted at Stock Investing Tips, saying, “This year has been the worst year for the stock market since the Great Depression.”

Jayson Gibson presents Hope for Homeowners Act of 2008 ?What’s At Stake? posted at New Homes Section Blog, saying, “Information about the Hope for Homeowners Act of 2008. Details about problems in our current economy and how each problem relates to the Hope for Homeowners Act of 2008.”

Investing Angel presents Learning Financial Planning through Asset Allocation » Free Stock Market Investing Tips posted at Stock Tips, saying, “Some ways to learn about financial planning.”

The Fund investor presents Bear Market Mutual Funds posted at Mutual Fund Investing Tips, saying, “The one type of mutual fund investor that has made money in 2008 are those that have been investing in inverse mutual funds”

Lawrence T. presents Margin Loan | Types Of Loan - Types Of Loans posted at Types of Loans, saying, “A margin loan may be a good way of paying off credit card or as a source for other financing needs. Margin loans need to be used carefully though, since you want to avoid a margin call.”

William L. Exeter presents Keeping Wealth Just As Important As Making It posted at The 1031 Exchange Institute, saying, “Keeping wealth is just as important as making it.”

Lauren Rose presents Practicing in the Forex Market posted at Stock Markets Investment, saying, “Why you start practicing forex trading by playing many online games and simulations where you can learn many of its tips, tricks, and pitfalls.”

Michael Cohen presents Traits Of A Good Investor | The Stock Investor - Stock Advice And Tips posted at The Stock Investor, saying, “These are the three most importnat traits of a successful stock investor.”

Jessie presents Ode To The 4 Hour Work Week - A Book Review posted at My Investing Blog, saying, “So I just finished up the book 4-Hour Workweek by Tim Ferriss. It has the standard self-promoting fluff that you have to dig through and weed out, but once you get through that, he’s actually got some pretty ingenious ideas that I think I may find myself implementing in the very near future…

legal considerations

Joe Hayes presents Political Jokes posted at Restoring Your Finances and Your Faith, saying, “Some really funny politically oriented jokes, just in time for the Election! Includes Barack Obama and John McCain related humor, and quotes from famous people too.”

William L. Exeter presents LandAmerica 1031 Exchange Closes Its Doors posted at The 1031 Exchange Institute, saying, “Discussion regarding the recent failure of LandAmerica 1031 Exchange Services.”

real estate market

Keira presents Rent or Own - What’s Best Right Now? posted at Rich Leverage.

The Fund investor presents The Hidden Advantage Of Mutual Fund Investing posted at Mutual Fund Investing Tips, saying, “Mutual fund investing is a good way to prevent making investing mistakes.”

Joe Manausa presents How To Stay Calm In The Real Estate Market posted at Tallahassee Real Estate Blog, saying, “The entire financial world appears to be a scary place right now. Many people are starting to “smell opportunity” and yet are a bit too fearful to act on their instincts. The goal of this article is to get you to consider doing some homework and creating a decision matrix so that you can start to take advantage of the opportunities when you are ready.”

Joe Manausa presents Discover The Secret To Making A Perfect Home Buying Offer posted at Tallahassee Real Estate Blog, saying, “There are so many infomercials and advertisements claiming that you can buy a home for mere pennies on the dollar that many potential home buyers are confused about what they should do.

The goal of this short article is to help you develop a mindset that will allow you to buy the home of your dreams without paying too much for the home.”

Joe Manausa presents Great News For First Time Homebuyers In Florida Real Estate posted at Tallahassee Real Estate Blog, saying, “It is interesting to note that in these times of financial hardship for everyone that there seems to be an abundance of financial assistance programs out there for eligible homebuyers purchasing new or existing homes in Florida.”

For any questions on 1031 Exchange please contact Bankers Exchange Services in Walnut Creek, California toll free 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.

Technorati tags: 1031 exchange, blog carnival.

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.

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.

Technorati tags: 1031 exchange, blog carnival.

Bankers Exchange Services is participating in the FDIC Insurance Temporary Liquidity Guarantee Program.  The definition of this programs is; all funds in noninterest-bearing transaction deposit accounts held in domestic offices of participating FDIC-insured institutions will be fully insured.  This should be a huge relief to any exchange client that will have over the current FDIC limit of ($250K for individual or $500K for joint accounts).  What this means is that you or your client can rest assured that any 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 December 31, 2009.

Bankers Exchange Services is offering this program in conjuction with our CDARS program so clients can take advante of earning interest on their funds as well.  Some restrictions apply, so call us for details.

Bankers Exchange Services headquartered in Walnut Creek, CA (877) 989-1031

Welcome to the October 1, 2008 edition of 1031 exchange.

KCLau presents Secrets to Writing an Ebook in Three Easy Steps posted at KCLau’s Money Tips, saying, “Why one would want to write an ebook and secrets behind writing one.”

KCLau presents How not to Spend that Money? posted at KCLau’s Money Tips, saying, “Article on how to prevent spending unnecessary money. Also 3 methods on how to do so.”

Mac presents 10 Ways To Save A Dollar During Hard Times posted at Actorlicious.

investing strategies

Investing Angel presents Investments To Avoid posted at Stock Tips, saying, “Certain types of investments should just be avoided by beginner investors.”

Sandy Naidu presents Top 5 Dirty Little Credit Card Tricks posted at Future Nest Egg.

The Stock Teacher presents Speculating On The Election posted at Stock Investment, saying, “If you think McCain is going to win the election, certain stocks may be worth betting on.”

mortgage/financing

KCLau presents Credit Counseling and Debt Management Agency: FREE Financial Education for Malaysian posted at KCLau’s Money Tips, saying, “A success story one how one avoided bankruptcy as well as features of AKPK and how u can benefit from the agency.”

Joe Manausa presents Bailing Out The Banks? Actually Bailing Out America! posted at Tallahassee Real Estate Blog, saying, “While mainstream media refers to this as the “fat cat” bailout for Wall Street, you might be surprised who really needs this bailout to occur. What would happen to your job if the credit market stopped for even 1 week?”

real estate market

Amy L. presents How to Find an Affordable and Safe Place to Live posted at Housekeeping Tips, saying, “Without question, the downsizing of our economy is forcing many people to reconsider where they’re living and whether or not they can really afford it.”

Joe Manausa presents The Sign Is Up - Is Your Home Sold? posted at Tallahassee Real Estate Blog, saying, “During the booming real estate market of 2004-2006, it seemed all a homeowner had to do to sell a home was put a sign in the yard and then start evaluating offers. This is not so much the case anymore, we are back to a “normal” real estate market, where buyers are drawn to value.”

tax implicatgions

imarketing4s presents Taxes and Penalties Involved in a Loan | Unsecured Loans Now Articles posted at Unsecured Loans Now.

kevin callahan presents OIC 101: Effective Tax Administration posted at IRS For Dummies, saying, “very informative article on a option not very well known”

Reba Haas presents 2008 Tax changes for investment properties converted to primary residences? posted at Team Reba Real Estate, saying, “Cris Anderson of API Exchange sent out this recent article that highlights a shift in how rental properties will be seen throughthe eyes of the IRS if they are converted to a primary residence. Some folks had been using this strategy and taking advantage of the capital gains exemption after converting a property and living in it for 2 years. Read this to learn more about the change and how it might affect you.”

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.

If you have questions on 1031 tax deferred exchanges give our office a call at (877) 989-1031

Technorati tags: 1031 exchange, blog carnival.

Welcome to the August 3, 2008 edition of 1031 exchange.

KCLau presents How to Calculate Your Investment Portfolio Return? posted at KCLau’s Money Tips, saying, “About how to calculate your investment portfolio returns.”

Helen Anderson presents 5 Credit Card Fees You Probably Didn’t Know About posted at Bankaholic.

KCLau presents Average Monthly Household Income in 2007: Is it enough? posted at KCLau’s Money Tips, saying, “According to a survey done by the Statistic Department for the Economic Planning Unit, published in Personal Money Magazine June 2008 edition, a typical family in Malaysia earns only RM3686/month. How much this is worth and how much can be spent.”

Robert Phillips presents How to Create an Audio Product Practically for Free posted at CYBERCA$HOLOGY.

KCLau presents The Money Book: A CAP Guide to Managing Your Money posted at KCLau’s Money Tips, saying, “Published by Consumers Association of Penang (CAP), a run down on how to manage your money and a list of what the money book discusses.”

James Lee presents Massive Action… TO COMPLETION! posted at Online Business Freedom.

Robert Phillips presents 3 Simple Ways to Increase Blog Traffic posted at How to Create a DVD without Spending a Dime.

investing strategies

Mark Babineaux presents the-law-of-attraction posted at Where-is-my-success-i-don’t-know-what-to-look-for.

Value Seeker presents Stock Investment Resource: Stock Market Investing Tips - Don’t Overleverage posted at Stock Investing, saying, “Be careful with margin trading. If you take on too much
leverage, you may risk a margin call.”

Helen Anderson presents 3 Warnings Signs Your Bank May Fail posted at Bankaholic.

Larry Russell presents Financial Planning Reading List posted at Pasadena Financial Planner.

mortgage/financing

Raymond presents How Credit Scores Work And How Scores Are Calculated posted at Money Blue Book.

real estate market

Joe Manausa presents Housing Prices Decline Slightly - A Clear Picture Is Forming posted at Tallahassee Real Estate Blog, saying, “While there have been many articles written on the declining real estate market, most are filled with facts and figures that are difficult for the lay-person to follow. This article is filled with easy-to-understand graphs that demonstrate the modest decline in home prices.”

Joe Manausa presents Tallahassee Real Estate - Market Graphs Updated posted at Tallahassee Real Estate Blog, saying, “A compilation of real estate market graphs that shows different segments of the real estate market and how it is performing.”

transaction tips

Value Seeker presents Stock Investment Resource: Stock Market Investing Tips - Democrats and Offshore Drilling posted at Stock Investing, saying, “Author discusses the lunacy of the Democratic opposition to offshore drilling.”

Phil B. presents Stop Using Credit Cards « Phil for Humanity posted at Phil for Humanity, saying, “Save money by stop using credit cards.”

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.

Thank you for viewing our blog, if you have any questions regarding 1031 Exchanges please give us a call at (877) 989-1031.

Disclaimer - The views expressed in these blogs do not necessarily reflect those of Bankers Exchange Services, Bay Commercial Bank or The 1031 Exchange Blog Carnival host.

Technorati tags: 1031 exchange, blog carnival.

An article posted in the money section of MSN.com titled, “Could Your Bank be the Next to Fail?” caught my eye this week. The article summarized the recent seizure of IndyMac Bank by the FDIC and offered ways to protect yourself.

The author also noted it was difficult for the average consumer to do research on which banks may be in trouble. That is certainly true, but only because most consumers don’t know where to look.

The FDIC’s website is one of the best resources for this research. It’s surprisingly easy to navigate, and offers explanations of most of the terms and data shown.

One of the best data points to examine is the “Tier One Capital ratio.” Tier One Capital is the ratio used by regulators as an overall indicator of the financial well-being and stability of a bank. The higher the Tier One Ratio, the more likely a bank will be able to handle a greater-than-average withdrawal of deposits and/or problems with assets such as real estate loans.

In contrast, a lower Tier One Ratio is a strong indicator of trouble; in which case, the FDIC steps in. The regulators start to pay attention when banks Tier One Ratio slips below 6%.

Speaking of the FDIC stepping in…To many consumers, this seems to be a sign of complete disaster. Fortunately, thanks to the FDIC insurance, it’s not. However, one of the ways you can protect yourself against loss is to have a better understanding of how FDIC deposit insurance works before you open accounts.

The FDIC insures deposits of up to $100,000.00. Until recently, anyone wanting to deposit more than $100,000.00 and have it completely insured had to open individual accounts with several different banking institutions and/or utilize different account ownership types to achieve greater levels of insurance coverage.

While this is the safe approach, it is time consuming and can be tedious to have multiple banking relationships. At the present, banks like Bay Commercial Bank in Walnut Creek, California are a member of CDARS®, Certificate of Deposit Account Registry Service. Using the CDARS® service, you can access up to $30 million in FDIC protection on your CD investments. “One bank, one rate and one statement”. A single statement is sent out detailing all of the CD investments. As with most certificates of deposit, CDARS® offers various maturity options to choose from.

CDARS® is not right for everyone and not all banks offer the service. However, between FDIC deposit insurance and the newer CDARS®, most consumers can put aside concerns about losing funds on deposit in banks.

In closing, let’s go back to the excellent resources offered on the FDIC’s website. If you want to know how your bank is doing, if you want to know the earnings history, the capital base, information regarding the level of past due loans, the number of employees or other interesting characteristics, this site is for you. As lenders, we often say “know your borrower”; as clients, you may want to say ‘know your bank”. If after all your research efforts are exhausted and you still have questions, give the CEO of your bank a call (what a novel concept).

By: George Guarini, CEO Bay Commercial Bank (925) 476-1800

According to an article written by Cyril Moulle-Berteaux in The Wall Street Journal “The Housing Crisis is Over”. I for one was very happy to hear this news as I was starting to get discouraged by all the doom and gloom I hear every night on the news. According to this article we have reached the bottom of the housing market and the trend will now start to go up from here. As stated most people don’t realize we have been in a down market now for three years, the peak took place in July of 2005.

A lot of the data used to compile the information which is being fed to us through various media sources are based on income and interest rates being compared from the 1970’s and 80’s when put into today’s prospective are vastly askew. Back in 1981 mortgage interest rates were 18.5%. Currently a 30-year fixed-rate mortgage can be obtained for less than 6%.

Much of the analysis used to bring us this glimmer of hope has to do with new home starts. The inventory of new home completions is now just under new home sales. The decline in construction will likely continue through 2008. It is estimated that sometime in 2009 the inventory will reach a level significantly below new sales which will then have a direct effect on tightening home prices.
To say we are experiencing a crisis in our housing market with serious economic consequences that are still unfolding is a spot on analysis. The good news as Cyril so eloquently puts it “housing led us into this credit crisis and recession and is likely to lead us out. The process is underway, right now.”

For more information please contact our office at 877-989-1031