News: Finance

Jaclynn Sulfaro 2010

Name: Jaclynn Sulfaro Title: President, Massachusetts Mortgage Association Company: Constitution Financial Group Location: 92 High St., Medford, MA 02155 Birthplace: Stoneham, Mass. Family: Husband, Anthony; 3 daughters: Kelli, Laurie, Krista First job outside of finance: Co-owned Total Comfit Systems First job in finance or allied field: Cornerstone Mortgage Company data entry What do you do now and what are you planning for the future? As president of MMA I plan to help mortgage brokers unite. Those left in the industry are its backbone. They need to be kept informed, offer continuing education, keep them in compliance. I also plan to increase membership and have MMA interact with other groups, i.e., wholesale, investors, brokers, commercial realtors, credit groups and others. Hobbies: Golf, reading, staying active Favorite book: Mysteries in general Person you admire most (outside of family): Denise Leonard Key to success: Keep a good attitude If you had to choose another vocation what would it be? Construction management or interior design
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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.
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
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.