News: Finance

Charles Nilson 2009

Name: Charles Nilson Title: Chair, Massachusetts Mortgage Bankers Association Company: J. P. Morgan Chase Location: 400 Blue Hill Dr., Westwood, MA 02090 Birthplace and year: Chicago, Ill., 1959 Family: Wife, Jill; children: Victoria, Andrew College: Miami of Ohio, BS, Finance; Case Western Reserve University, MBA First job outside of finance: Beacham Products - territory sales rep First job in finance or allied field: Society Bank - management trainee What do you do now and what are you planning for the future? Focus on (1) legislative and compliance support, interact with the Division of Banks; (2) Education - help membership be compliant and provide education around loan officer financing; (3) Address changing membership. Hobbies: Cyclist, skier, travel with family Favorite book: "Back Bay" by William Martin Favorite movie: "Gran Torino," "Braveheart" Person you admire most (outside of family): Richard Branson, entrepreneur Key to success: Enjoy what you do. If you had to choose another vocation what would it be? Run a bed and breakfast with my wife
Tags: Finance
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Columns and Thought Leadership
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Are appraisers on the same page as the assessor? - by Richard Seman

Are appraisers on the same page as the assessor? - by Richard Seman

The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.