News: Finance

NELTA presents program on short sales and workouts to avoid foreclosure

New England Land Title Association presents "Short Sales & Workouts: Alternative to Foreclosure or Exercise in Futility?" This program is designed to discuss the terms of various programs from the government entities such as Fannie Mae and Freddie Mac as well as administration initiatives to help owners of property to avoid foreclosure. Date: Tuesday, April 20, 2010 at Courtyard by Marriott Cromwell, 4 Sebethe Dr. A Continental Breakfast is included in the program fee Matthew Cholewa, Esquire, State Counsel & 1031 Exchange Officer; First American Title Insurance Co., Hartford, CT; and William Liska, Esquire, V.P. & District Counsel Fidelity National Title Insurance Co., East Hartford, Conn.; and Bruce Zawodniak, Esquire, Title Counsel CATIC, Rocky Hill, Conn.
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Columns and Thought Leadership
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
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.