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News:
Finance
Posted: March 13, 2014
Professional Profile: Louis Chinappi, 2014
Name: Louis Chinappi
Title: Chair - Mass. Mortgage Bankers Association
Company: Conn. Attorney's Title Insurance Corp. (CATIC)
Location: 1700 West Park Drive, Sutie 21, Westborough, MA
Place of Birth and Year: Winchester, MA - 1963
Family: wife; Susan, children; David, Andrea
College: Salem State College - BS Bus. Admin; MBA
First Job in Finance or Allied Field: Teller at Stoneham Cooperative Bank
What do you do now and what are you planning for the future: Focus on assisting members with implementation of all new regulations banks are facing; more advocacy, get involved with legislators; more networking (i.e. March Madness - March 20th at Sea Dog Pub - Woburn)
Hobbies: Run and workout at the gym
Favorite Book: "Prayer for Owen Meaney" by John Irving
Favorite Movie: "It's a Wonderful Life"
Key to success (one idea): Address uncomfortable situations head on
If you were forced to choose another vocation what would it be?: Artist
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Finance
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Quick Hits
Columns and Thought Leadership
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.
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
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
