Blue Latitude Consulting LLC

1. REVIEW  - Review the entire transaction with your tax and legal advisors.

 

2. CONTACT  - Before closing, contact our Qualified Intermediary to initiate the exchange transaction.

 

3. SALE CONTRACT - Enter into an "assignable" contract to sell the relinquished property.

 

4. EXCHANGE SET-UP - Blue Latitude will prepare the exchange documents for the relinquished property sale.

 

5. RELINQUISHED PROPERTY CLOSES - Blue Latitude is assigned into the transaction as the seller and sale closes.

 

6. IDENTIFICATION PERIOD - Both the 45 day identification period and exchange period begin.

 

7. PROPERTY IDENTIFIED - Exchanger of property identifies the replacement property by midnight of the 45th day.

 

8. PURCHASE CONTRACT - Enter into an "assignable" contract to purchase replacement property.

 

9. CONTACT LEGAL COUNSEL - After signing the replacement property contract, contact Blue Latitude.

 

10. EXCHANGE PAPERWORK PREPARED - Blue Latitude will prepare the exchange documents for purchase.

 

11. REPLACEMENT PROPERTY CLOSES - Blue Latitude is assigned the transaction and the purchase closes.

 

12. COMPLETION - If all exchange funds are used to acquire the replacement property or properties, and all the exchange requirements are met, the exchange is complete.