Merrimack Mortgage hires Clark, Johnson, Getchell and Romagnoli

Patti Clark, Brian Johnson, Gloria Christian and Mark Romagnoli have joined Merrimack Mortgage Company, Inc. *Clark has joined its firm as a home mortgage consultant. Clark is a veteran in the mortgage business starting her career in 1986 at Fleet Mortgage Corp. Most recently, Clark spent 13 years working for Wells Fargo Home Mortgage. *Johnson has joined its firm as a branch manager. Johnson has over 25 years of real estate/mortgage lending experience. Previously, Johnson operated a branch office for Allied Home Mortgage Capital Corp. * Getchell has joined its firm as account manager. Getchell has 20 years of experience in the mortgage banking industry. Previously, Getchell operated a branch office for Allied Home Mortgage Capital Corp. *Romagnoli has joined its firm as a home mortgage consultant. Previously, Romagnoli spent 15 years working for Wells Fargo Home Mortgage as a home mortgage consultant/sales manager in the Nashua and Manchester markets.

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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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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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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.

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