News: Finance

Pierannunzi named assistant vice president, branch manager at HarborOne Bank

According to James Blake, president and CEO of HarborOne Bank, Patricia Pierannunzi has been named assistant vice president, branch manager at the Attleboro branch. She formerly managed the HarborOne branch in Mansfield. Pierannunzi has over 24 years' experience in retail banking. Prior to joining HarborOne in 2012 she served as the assistant vice president and branch manager for Rockland Trust Company. Pierannunzi has completed several courses at the New England Banking Institute. Pierannunzi is active in the community serving as a member of the board of directors, fund development chair, facilities committee, board recruitment and executive committee for New Hope. She also serves as a member of the board of directors for the Tri-Town Chamber of Commerce. With $1.9 billion in assets, HarborOne Bank is one of the largest co-operative banks in New England. HarborOne Bank serves the financial needs of consumer and business banking customers throughout Massachusetts through a network of 14 full-service branches, and a mortgage office in Centerville. HarborOne also operates a limited-service branch at Brockton High Scholl and 13 free standing ATMs in addition to an ATM at every full-service branch.
Tags: Finance
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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
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.
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
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.