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AZ, is it possible that safe harbored assets

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LuckyPanda   Friday, 11/10/17 03:23:44 PM
Re: AZCowboy post# 495163
Post # of 511012 
AZ, is it possible that safe harbored assets returning to WMIIC would flow back to escrow holders via Wamu 1031 Exchange? It states on their company overview that the Wamu 1031 Exchange handles tax deferred exchanges. I would think all the interest collecting in those ABS trusts would have been tax deferred for the past 9 years. So any assets returning to old WMI shareholders (escrow) would need some sort of tax defer medium.

If this is the case then we know for sure that escrow should see something by this December since Wamu 1031 Exchange is set to dissolve by 12/20.



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