Updated over 10 years ago on . Most recent reply
1031 scams
BP,
So I saw a show yesterday about 1031 scams where the owner would use the 1031 escrow money for personal use. There appears to be no governmental safeguard or guarantees that the money will be there when you need it.
Is this a big worry. How do you go about picking a 1031 company? It seems even well run companies could be bought out by someone to use the money as their personal piggy bank