Request a review before the replacement purchase closes
A failed or delayed sale can break the planned sale-first sequence. A reverse exchange can provide another path for some transactions.
Call 888-747-1031 before the replacement-property purchase closes. Tell the team that the relinquished-property sale failed or moved.
Protect the purchase decision with facts
Do not assume that a reverse exchange will solve every failed sale. The team and advisors must review the new sequence.
Give the team these facts:
- The replacement-property purchase contract.
- The purchase closing date.
- The deposit amount and deposit deadlines.
- The failed or delayed sale contract.
- The reason for the sale change.
- The expected new sale schedule.
- The title holder for both properties.
- The lender and loan status.
- The insurance requirements.
- The taxpayer's tax advisor and attorney contacts.
The team will review the available paths
One path can delay the replacement-property purchase. Another path can use a reverse-exchange structure.
The selected path can affect the deposit, loan, title, insurance, tax, and closing documents. Each party must approve its part.
The exchange team cannot control the buyer, lender, seller, escrow holder, or advisor. The transaction can still fail after a structure review.
An urgent review sequence
- Call the exchange team before the purchase closes.
- Give the team both contracts and the current dates.
- Explain the failed sale and the deposit risk.
- Give the lender, title, escrow, and advisor contacts.
- Let all parties review the proposed structure.
- Sign only the approved documents.
Frequently asked questions
Can a reverse exchange save the replacement purchase?
A reverse exchange can provide a possible structure. The team must review title, financing, timing, and all transaction parties.
What happens to the purchase deposit?
The purchase contract controls the deposit. Ask the attorney and broker to review the deposit terms and current deadlines.
Must I have a new buyer for the old property?
The federal safe harbor gives a limited period for the applicable transfers. The team needs a realistic sale plan.
Can the exchange team guarantee that the exchange will qualify?
No. The taxpayer and advisors remain responsible for the tax and legal result.
Call before the purchase closes
Call 888-747-1031. Give the replacement-property closing date and failed-sale status first.
This page gives general information. It does not give tax, legal, contract, lending, title, insurance, investment, or financial advice.