Mr Cooper Group Inc (COOP)

[BBANBOB]

LARGE
When a 1031 transaction is being done the 1031 EXCHANGE company TAKES POSSESSION OF THE FUNDS for the sale of the assets being used in the 1031 and HOLDS if for the benefit of the seller, UNTIL they are ready to use it for their purchase.
In a business 1031 exchange the funds can be used for pretty much anything that would be considered an investment,gold silver """SOCCK"" land pretty much anything

Now I am not 100% sure if this is true with all 1031 exchange companies ,but in my case the amount CHARGED by them is 1% of the funds they are holding from my sale............Now if 1% is a STANDARD rate and we are talking about the amounts we are here,this may very well be ample to pay off the KKR loan amount to date and Piers and not need them anyway..............