Mr Cooper Group Inc (COOP)

[Johnnyiwantsome]

WAMU 1031 EXCHANGE. Thinking out loud. Is it a possibility that If Jpm was conveyed Wamu 1031 exchange as per the Bk proceedings, as we saw the closure of the California 1031 exchange a the Delaware formation is it a possibility that Wamu 1031 was a reverse exchange event ? Meaning the parties actually are going to used the Delaware 1031 to re-convey back to WMI some of the Real Assets that where Conveyed thru the transfer of the original Ca Wamu 1031 exchange or in other words a reverse exchange

A reverse exchange is somewhat more complex than a deferred exchange. It involves the acquisition of replacement property through an exchange accommodation titleholder, with whom it is parked for no more than 180 days. During this parking period the taxpayer disposes of its relinquished property to close the exchange.

Thinking out loud regards,
B