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  • Accruit Again Transforms 1031 Exchange Industry with Major Release of Exchange Manager

    DENVER, CO – Accruit, a financial technology company specializing in escrow and 1031 exchange services, today announced the general availability of its fifth major release of its Exchange Manager application that makes tax-deferred exchanges of real estate safe, secure and simple for both clients and advisors. With this unique app, investors and advisors can more easily participate in 1031 exchange transactions that provide increased cash flow of up to 40 percent of asset sales.
    The only app of its kind, Exchange Manager allows for smooth, efficient and secure management of 1031 exchanges with paperless processing, mobile access, deadline-tracking and automated exchange notifications. All documents are handled through the online system and can be signed electronically. In addition, Exchange Manager allows clients, advisors and tax attorneys to enter data directly into the app and quickly export exchange reports at tax time, as well as provides access to deposits, reports and documents at any stage of the process. Transaction data is protected by 256-bit encryption and is filtered through a web application firewall. Additionally, all transaction data is continuously backed up.
    “For more than 15 years, Accruit has been the recognized leader in escrow and 1031 exchange solutions. In fact, in 2002, we transformed personal property exchanges with our patented exchange automation platform. Our new web-based and mobile-ready Exchange Manager sets a new standard in 1031 exchange solutions by streamlining the exchange process for single exchange clients in an industry that relies on manual exchange transactions,” said Karen Kemerling, president and COO, Accruit.
    “Accruit has always been known as the leader in 1031 exchange technology, and Exchange Manager offers a huge leap in value to our clients,” said Martin Edwards, Accruit’s EVP and general counsel and a 35-year veteran of the 1031 exchange industry. “Deadline-tracking, management of replacement property identification, and the ease of reporting – any one of these alone would qualify Exchange Manager as a big step. Combined, they’re a game changer. We now spend a lot less time processing and more time adding value for our clients.”
    About Accruit
    Accruit, LLC is a financial technology company that facilitates all types of commercial and individual transactions as a trusted independent escrow agent and qualified intermediary. Accruit specializes in 1031 like-kind exchange services and escrow, including Digital Vault, an escrow solution for digital assets, and PaySAFE®, providing protection to buyers and sellers in online transactions. Learn more about

  • Accruit Again Transforms 1031 Exchange Industry with Major Release of Exchange Manager

    DENVER, CO – Accruit, a financial technology company specializing in escrow and 1031 exchange services, today announced the general availability of its fifth major release of its Exchange Manager application that makes tax-deferred exchanges of real estate safe, secure and simple for both clients and advisors. With this unique app, investors and advisors can more easily participate in 1031 exchange transactions that provide increased cash flow of up to 40 percent of asset sales.
    The only app of its kind, Exchange Manager allows for smooth, efficient and secure management of 1031 exchanges with paperless processing, mobile access, deadline-tracking and automated exchange notifications. All documents are handled through the online system and can be signed electronically. In addition, Exchange Manager allows clients, advisors and tax attorneys to enter data directly into the app and quickly export exchange reports at tax time, as well as provides access to deposits, reports and documents at any stage of the process. Transaction data is protected by 256-bit encryption and is filtered through a web application firewall. Additionally, all transaction data is continuously backed up.
    “For more than 15 years, Accruit has been the recognized leader in escrow and 1031 exchange solutions. In fact, in 2002, we transformed personal property exchanges with our patented exchange automation platform. Our new web-based and mobile-ready Exchange Manager sets a new standard in 1031 exchange solutions by streamlining the exchange process for single exchange clients in an industry that relies on manual exchange transactions,” said Karen Kemerling, president and COO, Accruit.
    “Accruit has always been known as the leader in 1031 exchange technology, and Exchange Manager offers a huge leap in value to our clients,” said Martin Edwards, Accruit’s EVP and general counsel and a 35-year veteran of the 1031 exchange industry. “Deadline-tracking, management of replacement property identification, and the ease of reporting – any one of these alone would qualify Exchange Manager as a big step. Combined, they’re a game changer. We now spend a lot less time processing and more time adding value for our clients.”
    About Accruit
    Accruit, LLC is a financial technology company that facilitates all types of commercial and individual transactions as a trusted independent escrow agent and qualified intermediary. Accruit specializes in 1031 like-kind exchange services and escrow, including Digital Vault, an escrow solution for digital assets, and PaySAFE®, providing protection to buyers and sellers in online transactions. Learn more about

  • 2018 Energy Insight Conference

    Accruit joins participants from all segments of the oil and gas supply chain industry to discuss the role of escrow in the recovery of surplus and idle assets at the 2018 Energy Insight Conference.

  • 2018 Energy Insight Conference

    Accruit joins participants from all segments of the oil and gas supply chain industry to discuss the role of escrow in the recovery of surplus and idle assets at the 2018 Energy Insight Conference.

  • 2018 Energy Insight Conference

    Accruit joins participants from all segments of the oil and gas supply chain industry to discuss the role of escrow in the recovery of surplus and idle assets at the 2018 Energy Insight Conference.

  • Real Estate Transaction Basics

     No useful reason exists to think of or treat a closing like litigation although it does happen.  Everyone involved needs to work together in a cooperative way to consummate the deal.  Real estate law is a function of locality and custom in many respects; however, we will generally review some commonalities in the closing of a real estate transaction.  
    Most real estate transactions begin with a written contract and end with a closing.  The following parties are typically involved in negotiating, performing and closing on the contract:

    Seller
    Buyer
    Real estate agents
    Attorneys (depending on locality and complexity)
    Lender (if not a cash deal or other financing arrangement)
    Title company

    All agreements for the purchase and sale of real estate must be in writing.  The contract sets forth the conditions under which the seller agrees to transfer and the buyer agrees to purchase the property.  The contract may be lengthy or pithy, complex or straightforward, but its ultimate purpose is to convey ownership of the property to the buyer under mutually agreed upon terms.  
    Occasionally, a real estate transaction may involve an IRC Section 1031 tax-deferred exchange. The tax code and treasury regulations also provide certain rules that address conveying real estate in a tax deferred exchange.  A qualified intermediary (QI) is generally required and is a person or entity that is not a “disqualified person” as defined under the tax code.  For the most part,

  • Real Estate Transaction Basics

     No useful reason exists to think of or treat a closing like litigation although it does happen.  Everyone involved needs to work together in a cooperative way to consummate the deal.  Real estate law is a function of locality and custom in many respects; however, we will generally review some commonalities in the closing of a real estate transaction.  
    Most real estate transactions begin with a written contract and end with a closing.  The following parties are typically involved in negotiating, performing and closing on the contract:

    Seller
    Buyer
    Real estate agents
    Attorneys (depending on locality and complexity)
    Lender (if not a cash deal or other financing arrangement)
    Title company

    All agreements for the purchase and sale of real estate must be in writing.  The contract sets forth the conditions under which the seller agrees to transfer and the buyer agrees to purchase the property.  The contract may be lengthy or pithy, complex or straightforward, but its ultimate purpose is to convey ownership of the property to the buyer under mutually agreed upon terms.  
    Occasionally, a real estate transaction may involve an IRC Section 1031 tax-deferred exchange. The tax code and treasury regulations also provide certain rules that address conveying real estate in a tax deferred exchange.  A qualified intermediary (QI) is generally required and is a person or entity that is not a “disqualified person” as defined under the tax code.  For the most part,

  • Real Estate Transaction Basics

     No useful reason exists to think of or treat a closing like litigation although it does happen.  Everyone involved needs to work together in a cooperative way to consummate the deal.  Real estate law is a function of locality and custom in many respects; however, we will generally review some commonalities in the closing of a real estate transaction.  
    Most real estate transactions begin with a written contract and end with a closing.  The following parties are typically involved in negotiating, performing and closing on the contract:

    Seller
    Buyer
    Real estate agents
    Attorneys (depending on locality and complexity)
    Lender (if not a cash deal or other financing arrangement)
    Title company

    All agreements for the purchase and sale of real estate must be in writing.  The contract sets forth the conditions under which the seller agrees to transfer and the buyer agrees to purchase the property.  The contract may be lengthy or pithy, complex or straightforward, but its ultimate purpose is to convey ownership of the property to the buyer under mutually agreed upon terms.  
    Occasionally, a real estate transaction may involve an IRC Section 1031 tax-deferred exchange. The tax code and treasury regulations also provide certain rules that address conveying real estate in a tax deferred exchange.  A qualified intermediary (QI) is generally required and is a person or entity that is not a “disqualified person” as defined under the tax code.  For the most part,

  • Real Estate Transaction Basics

     No useful reason exists to think of or treat a closing like litigation although it does happen.  Everyone involved needs to work together in a cooperative way to consummate the deal.  Real estate law is a function of locality and custom in many respects; however, we will generally review some commonalities in the closing of a real estate transaction.  
    Most real estate transactions begin with a written contract and end with a closing.  The following parties are typically involved in negotiating, performing and closing on the contract:

    Seller
    Buyer
    Real estate agents
    Attorneys (depending on locality and complexity)
    Lender (if not a cash deal or other financing arrangement)
    Title company

    All agreements for the purchase and sale of real estate must be in writing.  The contract sets forth the conditions under which the seller agrees to transfer and the buyer agrees to purchase the property.  The contract may be lengthy or pithy, complex or straightforward, but its ultimate purpose is to convey ownership of the property to the buyer under mutually agreed upon terms.  
    Occasionally, a real estate transaction may involve an IRC Section 1031 tax-deferred exchange. The tax code and treasury regulations also provide certain rules that address conveying real estate in a tax deferred exchange.  A qualified intermediary (QI) is generally required and is a person or entity that is not a “disqualified person” as defined under the tax code.  For the most part,

  • Real Estate Transaction Basics

     No useful reason exists to think of or treat a closing like litigation although it does happen.  Everyone involved needs to work together in a cooperative way to consummate the deal.  Real estate law is a function of locality and custom in many respects; however, we will generally review some commonalities in the closing of a real estate transaction.  
    Most real estate transactions begin with a written contract and end with a closing.  The following parties are typically involved in negotiating, performing and closing on the contract:

    Seller
    Buyer
    Real estate agents
    Attorneys (depending on locality and complexity)
    Lender (if not a cash deal or other financing arrangement)
    Title company

    All agreements for the purchase and sale of real estate must be in writing.  The contract sets forth the conditions under which the seller agrees to transfer and the buyer agrees to purchase the property.  The contract may be lengthy or pithy, complex or straightforward, but its ultimate purpose is to convey ownership of the property to the buyer under mutually agreed upon terms.  
    Occasionally, a real estate transaction may involve an IRC Section 1031 tax-deferred exchange. The tax code and treasury regulations also provide certain rules that address conveying real estate in a tax deferred exchange.  A qualified intermediary (QI) is generally required and is a person or entity that is not a “disqualified person” as defined under the tax code.  For the most part,