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News:
Finance
Posted: February 9, 2010
Keith Andre 2010
Name: Keith Andre
Title: President, Massachusetts Mortgage Bankers Association
Company: Belmont Savings Bank
Location: 2 Leonard St., Belmont, MA 02478
Birthplace and year: Springfield, Mass., 1955
Family: Wife, Diane; daughters: Chanel, Chelsea and Chloe
College: Northeastern University, BS in Business; MBA in Finance
First job in finance or allied field: Branch manager at Chestnut Hill Cooperative Bank
What do you do now and what are you planning for the future? Make the MMBA more inclusive. We want to become the voice of all mortgage banking. We also need to control reverse mortgages. We need to increase membership.
Hobbies: Time with family, golf
Favorite book: "Atlas Shrugged" by Ayn Rand
Favorite movie: "Remember the Titans"
Key to success: Hard work
If you had to choose another vocation what would it be? Teacher
Tags:
Finance
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Columns and Thought Leadership
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
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.
