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News:
Finance
Posted: February 9, 2010
Christopher Oddleifson 2010
Name: Christopher Oddleifson
Title: Chairman of the Massachusetts Bankers Association
Company: Rockland Trust Company
Location: 288 Union St., Rockland, MA 02370
Birthplace and year: New York City, 1958
Family: Wife, Nancy; 3 children, ages 19, 16 and 16
College: Cornell University, BS in Mechanical Engineering; MBA at the University of Pennsylvania Wharton School
First job outside of finance: Engineer at Westinghouse Electric
First job in finance or allied field: Business analyst manager at Signet Bank, Richmond, Va.
What do you do now and what are you planning for the future? Emphasize that small business loans and consumer loans are available; distinguish ourselves from Wall Street investment banks and work to address any legislative/regulation overreaction to the environment.
Hobbies: Skiing, sailing, hiking, playing the flute, reading
Favorite book: "Team of Rivals" by Doris Kearns Goodwin; "Snowball," the biography of Warren Buffett
Key to success: There are no limits to what we can accomplish together if our hearts and minds are engaged.
If you had to choose another vocation what would it be? Alternative energy developer
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Finance
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Columns and Thought Leadership
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.
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
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.
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
