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Posted: March 11, 2016
New England Land Title Association presents “It’s a new TRID world. What does your purchase contract look like?” - March 15 & 16
Mansfield, MA New England Land Title Association (NELTA) presents “It’s a new TRID world. What does your purchase contract look like?”
Your choice of two dates and locations covering MA/RI & NH/ME
• Tuesday, March 15, Time: 9:00 – 11:30 a.m. Registration: 8:30-9:00 a.m. Place: Holiday Inn, 31 Hampshire St., Mansfield, MA.
• Wednesday, March 16 Time: 9:00 – 11:30 a.m. Registration: 8:30-9:00 a.m. Place: SERESC, 29 Commerce Park Dr., Bedford, NH.
Moderator: Melanie E. Kido, V.P./Underwriting Counsel, Stewart Title Guaranty Co., Waltham, MA
Panelists: Jeremy Potter, general counsel & chief compliance officer, Norcom Mortgage & Insurance, Avon, Conn; Yitz Magence, Esquire, Gilmartin Magence, Newton, Mass.; Konstantinos (Kosta) Ligris, Esquire, CEO/managing partner, Ligris + Associates PC, Newton, Mass.; Kathryn Morin, Esquire, The Law Office of Kathryn M. Morin, LLC, Andover, Mass.; and Jacqueline Hudkins, Esquire, Hudkins Law PLLC, Windham, N.H.
2.5 Hours of CE/CLE Credits Applied For in Rhode Island and Maine. NH attendees must self-determine whether program is eligible for credit: NELTA offers this program and believes the course and its written materials, meets the requirements of NH Supreme Court Rule 53 and may qualify for 150 minutes of NHMCLE General/non-ethics credit
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Quick Hits
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
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
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.
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
