Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
1031 Exchanges
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 8 months ago,

User Stats

1,942
Posts
423
Votes
Daria B.
  • Rental Property Investor
  • Gainesville, FL
423
Votes |
1,942
Posts

Need Maryland Title (seller) company for 1031x

Daria B.
  • Rental Property Investor
  • Gainesville, FL
Posted

After talking to my RE agent he recommended a company they use.  After a few email exchanges with the VP of Business Development (she was on the intro email from my agent) I found they are not versed in the MW506AE form. I kept asking if there was a “title agent” I needed to speak with but she never says. Seems that someone who is VPBD would not be at this level of detail - but I don’t know how they work.

In my research I found:
(1) MW506AE is the application for exemption the comptrollers need regarding a 1031x, and needs to be sent in 21 days prior to closing.

(2) MW506NRS is the withholding exemption.

I think my CPA will handle #2 but #1 is essentially the main form in the whole timeline.

I understand what these forms are and would like to get a title company that is also versed in them and not guess what needs to be done.

My QI already said they will not fill it out and I guess doesn’t have all the information required for it. My RE agent has also said the title should be able to help with the information to ge it filled in.

Any recommendations for title companies I can vet who also have done 1031x in Maryland and would be versed with this 506AE form to give guidance?

cheers!

Loading replies...