I am Michelle Mautz’s manager and I would like to clarify this matter. At the time of the transaction, I was made aware of the situation and Michelle handled the situation as required by company and IRS guidelines. | When a client does a 1031 Exchange, they are required to identify replacement properties within the first 45 days of their transaction. In this situation, the client identified 1 replacement property asset to be acquired. | After the 45 days expired, the client called back into the office requesting that Michelle assist with the acquisition of a non-identified property. After reviewing the situation, we determined that we could not assist with this acquisition per the IRS code. | The 1031 code also requires that if a taxpayer involved in an exchange identifies any property within the 45 day identification period, we cannot release the funds in the 1031 Exchange account until after the 180 days of the exchange expires, which ended up happening in this transaction. | We had previously sent emails to our client in this transaction explaining the rules of identification and for the release of funds. This was a situation where the client found property that they wanted to purchase after the 45 day identification period expired, and we were unable to assist in the purchase of that property nor were we able to release the funds back to the client per Section 1031. That specific code section which explains this is Treas. Reg. 1.1031(k)-(1)(g)(6). | You stated in your report that we were "holding over & 036;200,000 dollars of our money hostage for 180 days…for absolutely no reason at all". That is not true. We had communicated with your tax professional and to your fiance that this was the situation due to Section 1031 as shown above. Your tax professional understood the situation completely. | We apologize that we were not able to live up to our client’s expectations in this matter, but as a Qualified Intermediary, we are bound to enforce the rules under Section 1031.
After getting scammed out of $329.00 from guns-warehouse.com, a simple search of some of the verbiage in the website popped up 4 other
John Sutton is loser trash, complete scum of the earth low life idiot turd monger asshole bastard Wife Beater Threw hot water on a poor woman Bloomsburg PA
WARNING JOHN SUTTON IS A DOMESTIC VIOLENCE PURPITRATOR HE BEAT A WOMAN THEN TREW HOT WATER ON HER. HE WAS CHARGE WITH FELONY ASSAULT.
Dirty Cop Raymond Ketchmark falsified police reports. Ketchmark routinely receives grafts to make creative reports with false narrative to
They will double or triple charge you by failing transactions and then charging your account. They have no proper online or official
My family has been being harassed by a middle aged man named who goes by the name John but I have been advised by the authorities that his
We drove over a hour and bought a SUV she and the man from the service center cleared the codes found the real koh guy who we bought
BIG SCAM. DO NOT BUY. ORDERED TURQUOISE INDIAN NAVAJO RING AND GOT A RING MADE OF TIN. Previous Review Next Review
My husband and I our purchased in the fall of 2019. They enticed us saying that we could get a free vacation to Hawaii and free airfare
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