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News:
Finance
Posted: March 10, 2011
Kenneth Brennan 2011
Name: Kenneth Brennan
Title: Chair of Mass. Bankers Association
Company: The Village Bank
Location: 307 Auburn St., Auburndale, MA 02466
Birthplace and year: Auburndale, Mass., 1952
Family: Wife, Karen; daughter, Jennifer
College: BC, BS, Business Management
First job in appraisal or allied field: Teller at Middlesex Family Cooperative Bank
What do you do now and what are you planning for the future? Oversee staff at MBA, deal with new regulations, i.e. Dodd Frank.
Hobbies: Time with family and golf
Favorite book: Like all types of books
Favorite movie: "Caddyshack"
Person you admire most (outside of family): Jimmy Stewart in "It's a Wonderful Life"
Key to success: Surround yourself with good people.
If you had to choose another vocation what would it be? Hospitality industry
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.
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.
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
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
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