The attorney examines documents, reviews title abstract, renders an opinion of title and prepares to receive funds to close once all conditions of the transaction are satisfied.It may be more complicated in your state due to the custom of parties physically meeting in order to execute documents and exchanging money.Therefore, if the counsel you seek is a "closing attorney" the opinions and advice is going to be heavily biased by their experiences.

utm_source=search&utm_medium=internal&utm_campaign=booksSimply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

@Lindsey Leavitt Few comments.Insurance is the transfer of risk to the insurance carrier in exchange for your $. 

They've been my home/auto insurer for years, and came out cheapest for multiple policies.I've had several exchanges with the local agent.

Hello Pilar,The forum I posted this in was about foreign investors looking for US Real estate.

This concept is foreign to me, as I am a new investor.

The single family we are trading it in for here in San Diego was only cash flowing $5,000 a year.That loan will be with my same local bank in Cleveland.  1031 exchanges are a brilliant way to defer your taxes too!!  

I am tempted to post the email exchange, but will keep that to myself for now.

Profits would be taxed.Look at it as if you exchange one asset, the valuation of your property, for cash and such receipts are exempt, there is a form for losses and amounts received, check out the form.

If a lawyer tells you this is the case, you may offer her the three current properties in exchange for your sole ownership of any new properties.