News: Finance

Koretz named chairman of the board of directors at HarborOne Credit Union

According to Harbor-One Credit Union, Barry Koretz was appointed chairman of the board of directors at the annual meeting held on January 26th. Koretz is the president of BKA Architects and a lifelong Brockton businessman. He is a graduate of Brockton High School and holds a bachelor of Architecture from Clemson University. He is a member of the American Institute of Architects and the Boston Society of Architects as well as a trustee of Clemson Advancement Foundation for Architecture and Design (C.A.F.). Koretz is active in the community. Currently he is a director of the Brockton Boys & Girls Club and formerly was a trustee of Brockton Hospital, the Metro South Chamber of Commerce and the United Way of Greater Plymouth County. He and his wife Joan have a son, Alexander of New York City. With $1.8 billion in assets, HarborOne is the largest community-based credit union in New England and one of the 100 largest in the United States. It has received its five consecutive Outstanding ratings for performance under the Community Reinvestment Act (CRA) from the Division of Banks, Commonwealth of Massachusetts.
Tags: Finance
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Columns and Thought Leadership
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
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.
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.
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