News: Finance

Professional Profile: Michael Sinclair, 2015

Name: Michael Sinclair Title: Chair - Massachusetts Mortgage Bankers Assn. Company: Hingham Institution for Savings Location: 55 Main St., Hingham, MA Birthplace and year: Boston - 1962 Family: Wife - Kim; Son - Danny College: New England College of Finance - Associate in Banking; MBA - Fairfield University First job in finance or allied field: Teller at Quincy Savings Bank What do you do now and what are you planning for the future: Maintain the MMBA's present path; exchange information with members; stay active with regulators. Hobbies: Time with family, NE Patriots football Favorite book: Anything by John Grisham Favorite movie: "Star Wars" Person you most emulate (outside of family): John F. Kennedy Key to success (one idea): Work hard; keep you eye on the ball
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Columns and Thought Leadership
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.
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
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.