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Zions Bank's 1031 Exchange Services Surpasses $100 Million in Deposits, Despite Challenging Real Estate Market
SALT LAKE CITY, July 26 /PRNewswire-FirstCall/ -- Zions Bank's 1031 Exchange Services has reached $100 million in cumulative deposits since its launch just two years ago. The milestone is significant in light of an economic headwind and lack of confidence among real estate buyers and sellers.

What is a 1031 exchange?
The 1031 exchange, is also known as the tax-deferred exchange or real estate exchange, was created in 1990 by the I.R.S. A 1031 exchange is the process of selling one investment for the purchase of some other investment. When used with a mortgage, homeowner's will typically sell 1 of their investment properties to buy some other, similar property, they can offset or straight out avoid capital gains tax.In a 1031 exchange, the property or properties which are sold is called a "released holding" and the property obtained is called "replacement property". Before the creation of the 1031 exchange, an owner had to sell 1 holding ahead of the close of escrow on the new property, a practice which proved to be very difficult. The I.R.S. at long ...

Orange County Foreclosures
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Real Estate Agents Hold "Open Mansions"

Eminence Organic Skin Care
Orange County sun can be fun, if you protect your skin. Licensed esthetician Amy's Skin Care reviews healthy sunscreen alternatives and offers Eminence Organic Skin Care products with free shipping anywhere in the United States.

Orange County Substance Abuse Counseling