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Saturday, November 04, 2017 12:42:22 PM
• When one understands a 1031 Exchange, then one understands WMIH MUST file 8K before 180 days expires on 12/20/2017 – Suggestion-Research 1031 exchange then the sun shines bright
• 600 million funding expires-must be returned to investors 1/5/2018 if QA not accomplished or funding delayed/replaced
• WMIH should release 8K to discuss funding BUT 8K could also come in December 2017
• Currently, only one remaining subsidiary – that is WaMu 1031 Exchange
• This is expected to be dissolved by 12/31/2017
• Please see below what a 1031 Exchange can accomplish
• One can condense timeline due above facts
*WaMu 1031 Exchange*Why Leave One Sub Open hm, hm
Note 9: Investment in Subsidiaries Since the Effective Date, the Trust had five (5) dormant subsidiaries without any active business operations. The subsidiaries adopted a plan of liquidation in October 2012. The assets held by these subsidiaries were comprised solely of cash and cash equivalents.
On June 23, 2017, four of the subsidiaries were merged with and into the last remaining subsidiary, WaMu 1031 Exchange. Prior to such mergers, such subsidiaries distributed their remaining cash to the Trust. The Trust received $444,333 on June 27, 2017. The last subsidiary, which no longer has any assets, is expected to be dissolved by December 31, 2017.
From 78 to 93 million in till-No payoff for Piers-Left impaired?
http://www.wmitrust.com/wmitrust/document/8817600170728000000000001
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=9262133
Consumer Finance
Company Overview of WaMu 1031 Exchange, Inc.
WaMu 1031 Exchange, Inc. operates as an exchange intermediary for 1031 tax-deferred exchanges in the United States. Its services include preparation of exchange agreements and other necessary documentation, management and disbursement of exchange funds, coordination of the exchange with settlement providers, and general exchange assistance to exchangers and their advisors. WaMu 1031 Exchange was formerly known as Lawyers Asset Management, Inc.
The company was founded in 1977 and is headquartered in Manhattan Beach, California. WaMu 1031 Exchange, Inc. operates as a subsidiary of
Washington Mutual, Inc.
3601 North Aviation Boulevard
Suite 1000
Manhattan Beach, CA 90266
United States
Founded in 1977
Key Executives For WaMu 1031 Exchange, Inc.
WaMu 1031 Exchange, Inc. does not have any Key Executives recorded.
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