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Exchange Solutions Inc.

As the industry expanded, title insurance companies and their agents began providing basic services to real estate sellers, buyers, lenders, brokers, developers, attorneys, builders, and others. The title insurance objective is to protect the parties concerned about real state deals by determining their rights and interests as well as to ensure the secure and quick transfer of property.
Exchange Solutions, Inc. handles four types of exchanges like the simultaneous exchange, the delayed exchange, construction exchanges and reverse exchanges for personal and real property.
The purpose of an exchange is to defer the payment of taxes on some or all of the capital gain in the property to be exchanged. A taxpayer does not have to look for a party to buy his or her property and acquire a replacement property from the same individual that bought the sale property. Although it was required at one time, a taxpayer may sell his or her property to one purchaser and acquire replacement property from another party. An exchange is similar to a sale and a purchase, however, the intent of an exchange, exchange documents and a Qualified Intermediary are necessary elements to effect an IRC 1031. The taxpayer is increasing his selling and buying power by electing to avoid the payment of capital gains tax to the IRS.
The purchase of a house is said to be one of the most stressful things a person will ever do. With so many different aspects to worry about, title insurance can often be overlooked. The purchase of title insurance can end up saving you thousands of dollars and can prevent potential problems in the future.
Title insurance guarantees that no one else can claim your property. It also provides the peace of mind that you will not incur unexpected debts from your new property.The title insurance policy means that your lender can be reassured regarding their loan, and you can be reassured regarding possible problems with your property.
Most people usually only insure their homes against fire and flood. If there was a natural disaster on your property and your house was demolished, you would still end up owning the land. A title insurance policy protects the owner if the actual house is taken away in a disaster. You can have cover and peace of mind for all these events if they do occur, from only one initial premium.

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