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I’m Four Months Into a 1031 Exchange—Now It’s All About Finding the Best Deal in the Haystack
We are less than a month away from listing our Brooklyn, New York condo, which we bought for $375,000 back in 2004, the same week we got married. 20 years, two […]
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The pandemic swept through the U.S. housing market like a tsunami. Radical price hikes and all-time low inventory accompanied massive migration away from pricey big cities. Four years later, the […]
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1031 Exchanges
HomeForums1031 Exchanges1031 exchange mortgage note
James Dolhancryk's profile image
James Dolhancryk's profile image
James Dolhancryk
  • from Springfield, Pennsylvania
  • Member since Jan 27, 2016
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James Dolhancryk's profile image
James Dolhancryk's profile image
James Dolhancryk
  • from Springfield, Pennsylvania
  • Member since Jan 27, 2016
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James Dolhancryk
  • Springfield, PA
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1031 Exchanges

1031 exchange mortgage note

James Dolhancryk
  • Springfield, PA
Posted Aug 2 2020, 18:09

What happens to mortgage note during 1031 exchange.

Im thinking old is paid off, but looks like entire sale transfers.

Therefore do I need to acquire a new mortgage for my present debt ?

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