Jun 24, 2020
Sangeeta, Judy and Machelle were the 1031 team for my recent 1031 exchange. What should have been a simple delayed exchange transaction became difficult and complex because of some problems related to the lender and closing agents for the buyers of the relinquished property. The 1031 nature of the transaction was at risk at several points, and the possibility of having to convert the exchange to a reverse 1031 arose at least twice -- once with only a few hours remaining until closing. As each crisis arose, Sangeeta, Judy and Machelle reacted professionally and expeditiously, preparing to handle the matter however the pieces would fall. Although there were several times when concluding the matter looked impossible with the time remaining, the Sangeeta, Judy and Machelle never once said "we can't do that", or, "that won't work". Each time their response was "we can do that". They were available 24 X 7 to advise, guide and take whatever action was required to make the transaction work. Their knowledge of the IRS requirements for each step of the transaction was of tremendous value. For anyone considering a 1031 exchange I most strongly recommend the Sangeeta - Judy - Machelle team at IPX.