Comments on: LandAmerica 1031 Exchanges in Limbo http://blog.pmaclennan.com/2008/12/05/landamerica-1031-exchanges-in-limbo/ Inside commercial hard money lending. Fri, 08 Jan 2010 23:29:45 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Peter Maclennan http://blog.pmaclennan.com/2008/12/05/landamerica-1031-exchanges-in-limbo/comment-page-1/#comment-815 Peter Maclennan Mon, 08 Dec 2008 22:10:54 +0000 http://blog.pmaclennan.com/?p=312#comment-815 Woody, So sorry to hear about that. Ouch! Do you see any solution? Woody, So sorry to hear about that. Ouch! Do you see any solution?

]]> By: woody http://blog.pmaclennan.com/2008/12/05/landamerica-1031-exchanges-in-limbo/comment-page-1/#comment-774 woody Sat, 06 Dec 2008 02:06:42 +0000 http://blog.pmaclennan.com/?p=312#comment-774 ...not only will your 1031 exchange "fall out," you'll more than likely: get whacked your 15% capital gains taxes, on a deal which didn't close, on money you never were allowed to touch, and possibly won't get... and..pity the poor devils who signed construction contracts, subs, suppliers, etc. on a 1031 "build to suit" as replacement property! suppliers and contractors are now threatening LandAm 1031 customers, whose funds are locked up, with separate suits for non-performance! what a flipping mess! I have a LandAm 1031 deal in this mess.... …not only will your 1031 exchange “fall out,” you’ll more than likely:

get whacked your 15% capital gains taxes, on a deal which didn’t close, on money you never were allowed to touch, and possibly won’t get…

and..pity the poor devils who signed construction contracts, subs, suppliers, etc. on a 1031 “build to suit” as replacement property!

suppliers and contractors are now threatening LandAm 1031 customers, whose funds are locked up, with separate suits for non-performance!

what a flipping mess!

I have a LandAm 1031 deal in this mess….

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