 (1).gif)
News:
Finance
Posted: February 9, 2012
Norman Seppala 2012
Name: Norman Seppala
Title: Chair, Mass. Bankers Association
Company: Granite Savings Bank
Location: 247 Main St., Rockport, MA 01906
Birthplace and year: Gloucester, Mass., 1950
Family: Wife, Lynda; daughter, Robin
College: Bentley College, B.S, Accounting
First job outside of finance: A&P - cost accounting
First job in finance or allied field: Gloucester Cooperative Bank - accounting
What do you do now and what are you planning for the future: Position entails representing the membership in legislative affairs; training and education; state and federal regulatory compliance, also preside at meetings.
Hobbies: Time with family, golf, reading
Favorite book: "The Slam" by Mark Frost
Person you admire most (outside of family): Ben Hogan
Key to success: Work hard
If you had to choose another vocation what would it be? Golf instructor
Tags:
Finance
MORE FROM Finance
The real estate developer’s dilemma: Growing older, taxes, investors and the exit strategy conundrum - by Dwight Kay
Over the last three to four decades, many successful real estate developers, sponsors, syndicators and operators have built substantial portfolios of commercial real estate using high-net-worth investor capital. Through careful acquisitions, development expertise, market appreciation and operational oversight, these sponsors have amassed portfolios worth tens or even hundreds of millions of dollars.
 (1).gif)
Columns and Thought Leadership
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
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.
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.
