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News:
Finance
Posted: March 10, 2011
Elizabeth Phelan 2011
Name: Elizabeth Phelan
Title: Chair, Massachusetts Mortgage Bankers Association
Company: Enterprise Bank & Trust
Location: 222 Merrimack St., Lowell MA 01852
Birthplace: Danvers, Mass.
Family: Husband, Dan
College: Boston College, BA in Psychology and Sociology
First job outside of finance: Friendly's Restaurant, opening manager
First job in finance or allied field: First Essex Bank, assistant vice president, residential lending
What do you do now and what are you planning for the future? The economy is returning to traditional lending standards. Hence our role is to educate membership and provide them with the tools to stay the course and get back to the basics of lending.
Hobbies: Gardening, skiing, entertaining, golf
Favorite book: "The Big Short" by Michael Lewis
Person you admire most (outside of family): Peter Milewski
Keys to success: Believe in what you do, be as well prepared as possible.
If you had to choose another vocation what would it be? Real estate or development
Tags:
Finance
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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.
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
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.
