14) CAN I CLOSE ON MY REPLACEMENT PROPERTY BEFORE I HAVE A BUYER FOR MY RELINQUISHED PROPERTY?
Yes. This exchange process is known as a REVERSE EXCHANGE. To make the exchange work, someone other than yourself (usually your intermediary) must take title to one of the properties until you are ready to convey the relinquished property to a buyer. If you would like additional information on Reverse Exchanges, please contact 1031Xchange.com.
