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NYDEC
The Perfect Choice. |
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- Simple
— Knowledgeable
professionals provide the required documentation and conduct the process
so real estate closings occur without unnecessary complexity.
- Safe
— Funds are held by
a New York state-chartered bank in an insured escrow account, earning
among some of the highest rates in the industry for the owner. NYDEC is
professionally bonded by an independent insurance carrier.
- Sensible
— The choice of
NYDEC’s Proprietary Comprehensive Service Program or NYDEC Lite Program
offers optional fee structures is set to provide the most appropriate
level for each exchange client.
- Service
— Founded in 1991 after the enactment of the Safe Harbor Regulations, NYDEC
has a reputation for service. NYDEC professionals are renowned for their
knowledge across the spectrum of exchange issues, from simple to complex
transactions.
- Step Above
— Being a "Qualified"
Intermediary does not guarantee ability; it is simply an “unrelated” party
designation. Related parties, either personal or professional, are not
eligible to act as Qualified Intermediaries.
NYDEC, however fits the "Qualified" parameter from every
perspective. As a provider of training seminars to professionals, NYDEC
is a press source to major media outlets in the Northeast on the topic
of IRC Section 1031 and corresponding regulations, case law history,
private letter rulings, and technical memorandums.
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