Please note that all Northern Bank branches and the Contact Center will be closing early on Tuesday, December 24, at 2:00 PM EST for Christmas Eve. The cutoff time for wire transfers on December 24 will be 1:00 PM EST. We will also be closed on Wednesday, December 25, for Christmas. As always, mobile banking, online banking and our ATM network are available to you 24/7. Happy Holidays from Northern Bank!

Partner Site Disclaimer

By accessing the noted link you will be leaving our website and entering a partner site which is hosted by another party. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of our website. We encourage you to read and evaluate the privacy and security policies of the site which you are entering, which may be different than those of ours. 

Continue to External Website external-link icon
December 3, 2021

VP Michele Fitzpatrick joins PropLogix podcast

1031 Exchange

In June 2021, Northern 1031 Exchange Vice President, Michele Fitzpatrick, spoke with Amanda Farrell of PropLogix. Fitzpatrick discussed the 1031 Exchange process and how title agents can assist their clients through the transaction.

She also answered concerns such as:

• Who can act as a Qualified Intermediary?

• How do title issues impact a 1031 Exchange?

• How to identify a client who could benefit from a 1031 Exchange.

The tax deferral program encourages more real estate transactions and creates a positive domino effect of economic growth for various industries including the title insurance industry. However, proposed tax changes and a ramification of a possible repeal of 1031 Exchange are on the table and still undecided. In this podcast, Fitzpatrick discusses the effect these changes could have on investors and steps that can be taken to help preserve 1031 Exchange.

Latest Posts

About Northern Bank & Trust Company

Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $3.11 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.

 

Ready to take the next step?
We're here to help!

Contact us now to learn more about how Northern Bank can help you realize your goals and dreams. 

Contact Us