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We're moving the office Labor Day weekend!

Our apologies if anything hiccups. If the regular phone numbers have a problem, please call Dennis' cell at 206-679-3070.

Closers, USPS mail will be forwarded, but please call before sending via FedEx or UPS.

To Our Clients, Escrow Closers,
Realtors, and Friends of
Exchange Facilitator Corporation

It has been a great ride for nearly 30 years! We are winding down operations in 2018, as our three principals, Dennis Helmick, Kelly Yates and Debbie Yates, retire and move on to private practice.

As always, our priority is for your exchange to be successful, and we remain committed to taking care of all files we have opened.

Beginning September 1, 2018, EFC will have reduced staff and a new office location address.

We are no longer opening new files. We will be finishing our currently open files to meet closing deadlines. We will also continue to handle the exchange funds in our customary manner for use in either closing on replacement properties or refunding unused exchange funds as required by IRS rules.

After September 1:

  • We will need advance notice (7 days for closings and 3 business days to advance earnest money) to prepare documents.
  • Closing agents, please allow at least one business day for document review.
  • Please contact Kelly at 206-250-6658 and by email at kelly@excfac.com, or email Debbie at debbie@excfac.com.

Thank you for your business and support for the past 30 years.

Dennis P. Helmick
Kelly Yates
Debbie Yates

WASHINGTON STATE LAW UNDER RCW 19.310.040 REQUIRES THE FOLLOWING DISCLOSURE TO YOU:

WASHINGTON STATE LAW, RCW 19.310.040, REQUIRES AN EXCHANGE FACILITATOR TO EITHER MAINTAIN A FIDELITY BOND IN AN AMOUNT OF NOT LESS THAN ONE MILLION DOLLARS THAT PROTECTS CLIENTS AGAINST LOSSES CAUSED BY CRIMINAL ACTS OF THE EXCHANGE FACILITATOR, OR TO HOLD ALL CLIENT FUNDS IN A QUALIFIED ESCROW ACCOUNT OR QUALIFIED TRUST THAT REQUIRES YOUR CONSENT FOR WITHDRAWALS. ALL EXCHANGE FUNDS MUST BE DEPOSITED IN A SEPARATELY IDENTIFIED ACCOUNT USING YOUR TAXPAYER IDENTIFICATION NUMBER. YOU MUST RECEIVE WRITTEN NOTIFICATION OF HOW YOUR EXCHANGE FUNDS HAVE BEEN DEPOSITED. YOUR EXCHANGE FACILITATOR IS REQUIRED TO PROVIDE YOU WITH WRITTEN DIRECTIONS OF HOW TO INDEPENDENTLY VERIFY THE DEPOSIT OF YOUR EXCHANGE FUNDS. EXCHANGE FACILITATION SERVICES ARE NOT REGULATED BY ANY AGENCY OF THE STATE OF WASHINGTON OR OF THE UNITED STATES GOVERNMENT. IT IS YOUR RESPONSIBILITY TO DETERMINE THAT YOUR EXCHANGE FUNDS WILL BE HELD IN A SAFE MANNER.


Exchange Facilitator Corporation believes that a Qualified Escrow or Qualified Trust offers superior protection of client funds to the protection provided solely by a Fidelity Bond, regardless of the amount of such Bond. A Fidelity Bond will not prevent embezzlement losses from occurring. On the other hand, a Qualified Escrow or Qualified Trust can prevent an embezzlement loss from occurring in the first place. That is why we establish a separate account for each of our exchanges in a Qualified Escrow. You, as the client, have control over the movement of your exchange funds in the form of required Withdrawal Notices that you sign before exchange funds can be transferred. Three parties sign the Qualified Escrow agreement and control the flow of funds in the Qualified Escrow. The three parties are you as client, us as the facilitator, and the Bank as the escrow holder. For the foregoing reasons, we believe prevention of losses through a Qualified Escrow or a Qualified Trust is superior to seeking payback of losses through a Fidelity Bond.