Buyers, Sellers, Borrowers
Refinance/2nd Mortgage Title and Escrow
Whether you have chosen to refinance for a better interest rate, to eliminate mortgage insurance premiums, take equity out of the property or open a home equity line of credit, Cobalt Settlements can provide the necessary title services to facilitate your closing at competitive rates.
A 1031 Exchange is a transaction in which a taxpayer is allowed to exchange one investment property for another and defer the tax consequence of the sale. The transaction is authorized by Section 1031 of the IRS Code. The IRS Code reads:”No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like kind, which is to be held either for productive use in a trade or business or for investment.”