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Real Estate Glossary

1031 Exchange – Phase 1

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Richard Wilson
Written by Richard Wilson

A 1031 exchange’s Phase 1 or Down Leg is the part of the process in which the relinquished property is solid and all of the necessary paperwork for this process is signed and completed.

A 1031 exchange’s Phase 1 or Down Leg is the part of the process in which the relinquished property is solid and all of the necessary paperwork for this process is signed and completed.

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Richard Wilson

Richard Wilson

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