Jerry M Feeney - e1031xchange.com, legit?

[Audrey X.]

Has anyone used e1031xchange owned by the law firm of Jerry M. Feeney in NY? The fee is a flat $495 for a one-one exchange. Pricing is great but are they legit?

[Vikesh Desai]

@Audrey X.

I have not used the 1031 exchange service but I used him to close on a condo purchase several years ago in NYC.

He is not that great overall. Like a lot of attorneys out there, he sweet talks you to bring you in but after that he ghosts you. You deal primarily with his assistants and paralegal staff.

Also, I noticed his office has poor controls over sensitive data. His office sent everything via email without any password controls or anything of that sort.

Another issue I had with him was he did not priortize my needs at urgent times during my transaction with him. This was extremely frustrating since he charges a pretty penny for closings.

Based off my experience I would not recommend him for a 1031 transaction.