 (1).gif)
News:
Finance
Posted: September 13, 2012
Dorothy Savarese 2012
Name: Dorothy Savarese
Title: Chairman, Mass. Bankers Association
Company: Cape Cod Five Savings Bank
Location: 532 Main St., Harwichport, Mass.
Place of birth and year: Ridgewood, NJ - 1957
Family: Divorced; son John
College: Thomas More College - BA Psychology; MBA - Suffolk University
First job outside of finance: Asst. Director - Little Miami, Inc.
First job in finance or allied field: Downtown Revitalization Mgr. - City of Lovington, KY
What do you do now and what are you planning for the future: Support the work of staff and members, oversee legislation; research; leadership work and help banks succeed and thrive, also focus on small business lending, education and develop industry leaders.
Hobbies: Time with family, walk, read
Favorite book: "A Team of Rivals" by Doris Kearns Goodwin
Favorite movie: It's A Wonderful Life
Person you most emulate (outside of family): Abraham Lincoln
Key to success (one idea): Set goals, work hard
If you were forced to choose another vocation what would it be: Mystery writer
Tags:
Finance
MORE FROM Finance
Funding your project: Available, but expensive, in many ways - by Daniel Calano
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
 (1).gif)
Quick Hits
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.
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
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
