Summit Accomodators 1031 Exchange Declares Chapter 11
It appears that Summit Accomodators (with a branch in Austin) has declared Chapter 11. This firm has been Austin's most recognizable name in 1031 Exchanges, and we've used them for years. Though none of our clients was involved in an Exchange at this time, we have heard some reports that clients in other states have had their exchange funds frozen. Their website offers some details.
We'll monitor the situation and update on this blog.

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Feb 9