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Can a relinquished property be exchanged whereby the investor agreed to carry back a purchase money note and mortgage (trust deed)?

April 26, 2017agreed carry exchanged investor money mortgage note Property purchase relinquished

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Can a relinquished property be exchanged whereby the investor agreed to carry back a purchase money note and mortgage (trust deed)?

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Yes. During the delay period the note must not be delivered to the investor, but be held in Safe Harbor Trust or assigned to the Qualified Intermediary as payee to prevent constructive receipt of cash or boot. Any payments under the terms of the note must be deposited in Safe Harbor Escrow.