There's a bit of buzz in the air about 1031 tax exchange  intermediaries. While tax exchanges are quite common in the Mt. Hood area the FTC is under pressure from legitimate exchange companies to regulate their industry. This is due to significant fianncial damages done to some clients. Just like there was fraud in the mortgage industry, some exhange companies have "bad eggs" too. The FTC is not ready to step into this yet but as financial issues continue to unwind in regulations will surely come into play. As I mentioned in a previous post, the amount of tax losses from questionable exchanges alone should spur the Feds to regulate.

Be careful who you hire as your exchange intermediaries. They could  bite you in the end!