News: Finance

Martin Geitz 2012

Name: Martin Geitz Title: Chair, Connecticut Bankers Association Company: Simsbury Bank Location: 760 Hopmeadow St., P.O. Box, 248, Simsbury, CT 06070 Birthplace and year: Inglewood, N.J., 1956 Family: Wife, Brenda and 3 children College: Johns Hopkins University, BA, German Literature; Cornell, MBA First job outside of finance: Wendy's, fast food manager First in finance or allied field: Commercial relationships for Continental Bank, Chicago, Ill. What do you do now and what are you planning for the future? Ensure value for members; lobbying activities, education regulatory compliance; communication for industry changes, both to members and to the public. Hobbies: Travel, golf, cooking Favorite book: "Undaunted Courage" by Stephen Ambrose Favorite movie: "The Godfather" Persons you admire most (outside of family): People who dedicate their lives to solving social problems of inequality and unequal access to capital such as: Elyse Cherry and Dick Jones of Boston Community Capital and Sam Hamilton of Headco. Key to success: Hard work If you had to choose another vocation what would it be? Tour guide for travel.
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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.
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Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

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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