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Updated 8 months ago,
Need Maryland Title (seller) company for 1031x
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!