News: Finance

Innocent joins HarborOne Bank as assistant vice president/branch officer

According to James Blake, president and CEO of HarborOne Bank, Emmanuel Innocent has been appointed to assistant vice president/branch officer of the Legion Parkway Office. Innocent brings with him over 9 years in the banking industry. Prior to HarborOne he served as branch manager/retail banking officer at Brookline Bank. At HarborOne Innocent is responsible for the day to day management of the branch, business development and community involvement. Innocent holds a master's degree in Leadership in Financial Institutions and Markets from Northeastern University and a master's degree in Economics from Catholic University of Santo Domingo. He is also fluent in Spanish, French and Haitian Creole. With $1.9 billion in assets, HarborOne Bank is one of the largest co-operative bank in New England. HarborOne Bank serves the financial needs of consumer and business banking customers throughout Massachusetts through a network of 14 full-service branches, and a mortgage office in Centerville. HarborOne also operates a limited-service branch at Brockton High School and 13 free standing ATMs in addition to an ATM at every full-service branch. It received its 5th consecutive "Outstanding" rating for performance on the Community Reinvestment Act (CRA) from the Massachusetts Division of Banks.
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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.
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.
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