1031 Exchange Help!

[Rashad S.]

Hello,

I have a client who is in the process of purchasing an investment property all cash.  Problem is the closing date is here and now my buyer has an issue with their bank account.  My client also has a closing scheduled on a home they are selling in a few days.  So as plan b, they want to try to use the proceeds from the selling of their house to pay for the investment property they are purchasing.  My client is a foreign national. How can they do an 1031 Exchange?  And is this a quick process?