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The 1031 Exchange Institute

Welcome to The 1031 Exchange Institute™. The 1031 Exchange Institute is your complete online resource for 1031 exchange, 1033 exchange, 1034 exchange, 721 exchange, 453 installment sale and 121 exclusion information and 24/7 assistance.

The 1031 Exchange Institute is dedicated to educating and informing real estate investors and their advisors on the benefits of 1031 tax-deferred exchanges so they can make better informed investment decisions.

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Tuesday
Oct272009
DateTuesday, October 27, 2009 at 05:58PM | AuthorStaff

California Governor Signs Buyers Choice Act (AB 957) 

California Govenor has signed AB 957 (Galgiani) into law effective October 12, 2009.  This bill prohibits a seller that acquired title to residential real property (1-4 units) at a foreclosure sale from requiring a buyer of that property to purchase title insurance or escrow services from a company chosen by the seller as a condition of receiving offers or selling the residential real property. 

A transaction subject to the act would not be invalidated solely because of the failure of any person to comply with any provision of the Act.  This measure is effective until January 1, 2015, unless extended by the Legislature.

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