Burbank Investor Services
Our 1031 Exchange Facilitator
Burbank Investor Services is a subsidiary of Luther Burbank Savings which acts as a facilitator for 1031 Tax Deferred Exchanges. Our experienced and professional staff has served the 1031 exchange needs of the real estate market since 1987.
1031 is the number assigned to the Internal Revenue Service Code Section that regulates tax-deferred exchanges of real property. A delayed exchange offers a property owner greater flexibility in the sale and replacement of investment real estate. The delayed exchange allows you 45 days from the close of escrow of your relinquished property to identify property, and an additional 135 days (for a total of 180 days), or until the due date of the federal tax return for the tax year in which the property was relinquished (whichever date occurs first), in which to acquire it.
As your facilitator, Burbank Investor Services will receive your funds at close of escrow and will deposit them into a savings account, FDIC insured to $100,000, at Luther Burbank Savings, where they will be held in trust for use in acquiring your identified property.
The funds will earn interest at current tier one savings rates, which will be disbursed to you after the completion of the exchange.
A fee of $750 is charged for this service, plus an additional $200 per transaction if more than one identified property is acquired.
In order to begin an exchange the only information needed is a copy of the fully signed purchase contract, the escrow information for the property being relinquished, your mailing address, telephone number and social security number and the estimated date of close of escrow.
For more information please contact:
Laura Mills
816 Fourth Street
Santa Rosa, CA 95404
phone: 707-523-9885
fax: 707-523-9894
e-mail:
bis@lbsavings.com
It's your money. We never forget that.
Privacy Policy
The protection of the privacy and confidentiality of your personal information is very important to the management and employees of Burbank Investor Services. We value your business and your trust. In order to offer you quality financial products and services, we collect, maintain and use information about you on a routine basis. To help you better understand how your personal information is protected at Burbank Investor Services we are providing the following statement describing our practices and policies with respect to the privacy of customer information.
At Burbank Investor Services:
We do not disclose any nonpublic personal information about you to anyone except as permitted by law. We may, for example, disclose nonpublic personal information about you to others for purposes of servicing your account with us, processing transactions that you request or authorize, or obtaining credit or other verification checks.
A copy of our complete Privacy Policy is contained in the Burbank Investor Services Tax Deferred Exchange Information package.