Mr Cooper Group Inc (COOP)

[EscrowDollars]

I have done many 1031 exchanges in my lifetime it’s an often used tool to expand wealth while offsetting, reducing, delaying taxation..

However there are specific IRS laws that MUST be adhered too or the 1031 is null and void.
It MUST be a like for like exchange PLUS there is a time limit when one closes one investment and the other is opened..

Google 1031 and there are numerous sites with details of how they work.

If someone far cleverer than I can work out when the 1031 monies were closed and placed with a third part escrow holder then I’m guessing you could guesstimate when the last possible date is for the money to be moved to the new vehicle.

HOWEVER none of this links distribution to our escrow accounts.

All it means is the crooks have moved monies from one place to another...

The holy grail is when someone can PROVE that monies are coming back to us sometime in our lifetimes!!