About Asset Preservation, Inc.
Many investors are surprised to discover that the Qualified Intermediary industry is not nationally regulated. Consequently, the careful selection of the Qualified Intermediary is essential to ensure the highest levels of expertise and security of funds.
Asset Preservation, Inc. (API) provides the key services of a Qualified Intermediary as defined and required by the IRC and Treasury Regulations.
API is a Qualified Intermediary pursuant to IRC §1031
API confers with each Exchanger’s attorney and/or tax advisor and forwards legal documentation, as requested, so that the IRC §1031 rules and regulations are thoroughly understood
API prepares the necessary documentation – Exchange Agreement, Assignment(s), Notice of Assignment(s), Qualified Exchange Account Form, Security of Funds Instruments and Instructions to each Closer/Escrow Officer – and oversees each closing to assist in proper §1031 procedures
API, via the proper exchange documentation, consummates the sale of the relinquished property and the purchase of the replacement property
API holds and protects the exchange proceeds on behalf of the Exchanger until funds are needed to purchase the replacement property
API provides guidance, information and critical timelines through-out the entire exchange
Contact Info:
Asset Preservation, Inc.
84 Highway 105, Suite A
Palmer Lake, CO 80133
Toll-Free: (888) 531-1031
Local: (719) 481-9788
Fax: (704) 943-5675
scott@apiexchange.com
www.apiexchange.com
