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News:
Finance
Posted: March 7, 2013
Michael Hussey 2013
Name: Michael Hussey
Title: President, Real Estate Finance Association
Company: US Bank
Location: One Federal St., Boston, MA 02110
Place of birth and year: Hartford, CT - 12/18/57
Family: Wife, Mary Ellen; 2 sons, Kevin, TJ (Timothy James)
College: Central CT State U. - BS Finance
First job in finance or allied field: Credit analyst at Hartford National Bank
What do you do now and what are you planning for the future: Continue to expand membership; grow emerging leaders; focus on timely programs; education, provide networking opportunities. This is REFA's 25th Anniversary
Hobbies: Golf, Celtic fan, body surfing, & water sports
Favorite book: "My Share of the Task" by McChrystal
Favorite movie: "Argo"
Person you most emulate (outside of family): Bill Kotchen (attorney, former partner)
Key to success (one idea): Be honest and truthful
If you were forced to choose another vocation what would it be? Landscape Architect
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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
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.
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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
