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	<title>Beverly Hills Real Estate-Beverly Hills Homes For Sale Luxury</title>
	
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		<title>Maurice Marciano Goes Modern In Beverly Hills and purchases a home for $10,000,000. Beverly Hills Real Estate, Beverly Hills Luxury Homes – http://www.ChristopheChoo.com</title>
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		<pubDate>Wed, 10 Mar 2010 17:30:04 +0000</pubDate>
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via realestalker.blogspot.com
Maurice Marciano Goes Modern In Beverly Hills and purchases a home for $10,000,000.  
Beverly Hills Real Estate, Beverly Hills Luxury Homes &#8211; http://www.ChristopheChoo.com

  Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale  

Maurice Marciano Goes Modern In Beverly Hills and purchases a home for $10,000,000. Beverly Hills Real Estate, [...]<p><a href="http://www.christophechoo.com/maurice-marciano-goes-modern-in-beverly-hills-and-purchases-a-home-for-10000000-beverly-hills-real-estate-beverly-hills-luxury-homes-httpwww-christophechoo-com/">Maurice Marciano Goes Modern In Beverly Hills and purchases a home for $10,000,000. Beverly Hills Real Estate, Beverly Hills Luxury Homes &#8211; http://www.ChristopheChoo.com</a> is a post from: <a href="http://www.christophechoo.com">Beverly Hills Real Estate-Beverly Hills Homes For Sale - Luxury Homes</a></p>
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<div class="posterous_quote_citation">via <a href="http://realestalker.blogspot.com/2010/03/maurice-marciano-goes-modern-in-beverly.html">realestalker.blogspot.com</a></div>
<p>Maurice Marciano Goes Modern In Beverly Hills and purchases a home for $10,000,000.  </p>
<p>Beverly Hills Real Estate, Beverly Hills Luxury Homes &#8211; <a href="http://www.ChristopheChoo.com">http://www.ChristopheChoo.com</a></p>
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		<title>State law to save foreclosure victims from losing shirt on taxes. Beverly Hills Homes, Beverly Hills Real Estate – http://www.ChristopheChoo.com</title>
		<link>http://www.christophechoo.com/state-law-to-save-foreclosure-victims-from-losing-shirt-on-taxes-beverly-hills-homes-beverly-hills-real-estate-httpwww-christophechoo-com/</link>
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		<pubDate>Wed, 10 Mar 2010 04:35:56 +0000</pubDate>
		<dc:creator>christophechoo</dc:creator>
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  State legislation to protect people who lose their houses in foreclosure or short sales from a big tax bill passed a significant hurdle yesterday, when the Assembly gave its approval, shipping the proposal to the Senate for an expected vote on Thursday. 
Passing the Assembly by a 47-27 vote, the bill authored by [...]<p><a href="http://www.christophechoo.com/state-law-to-save-foreclosure-victims-from-losing-shirt-on-taxes-beverly-hills-homes-beverly-hills-real-estate-httpwww-christophechoo-com/">State law to save foreclosure victims from losing shirt on taxes. Beverly Hills Homes, Beverly Hills Real Estate &#8211; http://www.ChristopheChoo.com</a> is a post from: <a href="http://www.christophechoo.com">Beverly Hills Real Estate-Beverly Hills Homes For Sale - Luxury Homes</a></p>
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<blockquote>
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<p>  State legislation to protect people who lose their houses in foreclosure or short sales from a big tax bill passed a significant hurdle yesterday, when the Assembly gave its approval, shipping the proposal to the Senate for an expected vote on Thursday. </p>
<p>Passing the Assembly by a 47-27 vote, the bill authored by Sen. Lois Wolk (D-Davis) would exempt people who did short sales or received loan modifications or lost their houses in foreclosure last year from having to pay state tax on any mortgage debt that was forgiven. Otherwise the forgiven debt would be considered income for the homeowners even though they received no money from the sale of their home.</p>
<p>&#8220;As so many Californians are forced to walk away from their homes, their largest investment, the last thing they should have to think about is paying taxes on debt they couldn&#8217;t repay,&#8221; said Wolk an an e-mail.</p>
<p>Both the state and federal government extended a lifeline to homeowners in 2007 when the market was flooded with mortgage failures by temporarily exempting the tax on forgiven debt. However, while the federal exemption continues through 2012, the state&#8217;s expired at the end of 2008.</p>
<p>With an April 15 tax deadline approaching, tax accountants say many of their clients are scared and uncertain how they would pay the added tax if the state does not pass legislation, which is designed to bring the state tax code in conformity with federal tax policy.</p>
<p>Brian Winter, a tax preparer at Jackson Hewitt in Riverside said a lot of his clients facing a big state tax bill because of the expiration of the state exemption don&#8217;t have jobs or enough money to meet the obligation.</p>
<p>Noting that houses in Inland Southern California frequently are selling for hundreds of thousands of dollars less than the mortgages owed on them, Winter said he figures that some of his clients who have gone through foreclosures or short sales could see their state tax bills increase by $4,000 to $20,000.</p>
<p>Hewitt said a person with an annual income of $50,000 and $100,000 of debt cancelled on a house would be &#8220;on the hook&#8221; for about $8000 in additional income tax.  He said most likely some of his clients would be forced into bankruptcy.</p>
<p>Many people who thought they were exempt from the debt forgiveness tax under both the state and federal law, Hewitt said, were shocked to receive 1099 forms in the mail from their lenders that need to be filed with their tax returns to report the cancelled debt.</p>
<p>As state law now stands not all homeowners who have a foreclosure, short sale or loan modification will take a state tax hit.  According to the Senate Revenue and Taxation Committee, for example, debt forgiven on a first mortgage used to buy a house even now is not taxable. That is not true, however, if the original mortgage is refinanced and money taken out to buy a car or for another investment.</p>
<p>Hewitt said he understands that currently debt forgiven on refinancings done to raise money for home improvements or simply to get a lower monthly mortgage payment also are exempt from state tax. Also only a loan modification in which lower payments were accomplished by reducing the balance owed, not ones achieved by merely lowering an interest rate, are subject to state tax, he said. </p>
<p>Sandi Aplin, a tax accountant in Moreno Valley, said the tax laws pertaining to forgiven debt are very complex and require the attention of a professional tax preparer. She advised that those who have had mortgage debt forgiven should apply for extensions on filing their 2009 state tax returns to give the state government time to take action to help them.</p>
<p>Hewitt said he recommends that his clients hold off on preparing their state tax returns until the first week in April.</p>
<p>Prospects for the Wolk legislation are clouded by uncertainty whether Gov. Schwarzenegger will sign it. The governor vetoed similar federal conforming legislation in the past because of  the attachment of a provision that would establish new tax penalties on individuals and businesses that file unfounded claims for tax refunds. </p>
<p>Craig Reynolds, Wolk&#8217;s chief of staff, said a clause with the same purpose is included in the new legislation but the proposed penalties are narrowed to apply only to larger, sophistocated businesses and the super-wealthy who can afford tax advisors.</p>
<p>The governor has argued that the controversial clause should be taken out of the bill and considered in separate legislation, said Schwarzenegger Secretary Aaron McLear. <br />  &#8211;Leslie Berkman<br />  <a href="http://blogs.pe.com/business/2010/03/state-law-to-save-foreclosure.html#"></a><a href="http://blogs.pe.com/business/2010/03/state-law-to-save-foreclosure.html/mailto:lberkman@pe.com">lberkman@pe.com</a>             </p>
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</blockquote>
<div class="posterous_quote_citation">via <a href="http://blogs.pe.com/business/2010/03/state-law-to-save-foreclosure.html">blogs.pe.com</a></div>
<p>State law to save foreclosure victims from losing shirt on taxes.  </p>
<p>Beverly Hills Homes, Beverly Hills Real Estate &#8211; <a href="http://www.ChristopheChoo.com">http://www.ChristopheChoo.com</a></p>
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		<title>A view of downtown Los Angeles today from the Sunset Strip. Beverly Hills Homes, Beverly Hills Real Estate, Beverly Hills Luxury Real Estate, Coldwell Banker Beverly Hills – http://www.ChristopheChoo.com</title>
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		<pubDate>Wed, 10 Mar 2010 00:11:50 +0000</pubDate>
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A view of downtown Los Angeles today from the Sunset Strip. Beverly Hills Homes, Beverly Hills Real Estate, Beverly Hills Luxury Real Estate, Coldwell Banker Beverly Hills &#8211; http://www.ChristopheChoo.com
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A view of downtown Los Angeles today from [...]<p><a href="http://www.christophechoo.com/a-view-of-downtown-los-angeles-today-from-the-sunset-strip-beverly-hills-homes-beverly-hills-real-estate-beverly-hills-luxury-real-estate-coldwell-banker-beverly-hills-httpwww-christophechoo/">A view of downtown Los Angeles today from the Sunset Strip. Beverly Hills Homes, Beverly Hills Real Estate, Beverly Hills Luxury Real Estate, Coldwell Banker Beverly Hills &#8211; http://www.ChristopheChoo.com</a> is a post from: <a href="http://www.christophechoo.com">Beverly Hills Real Estate-Beverly Hills Homes For Sale - Luxury Homes</a></p>
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		<title>A view of Century City today from the Sunset Strip. Beverly Hills Homes, Beverly Hills Real Estate, Beverly Hills Luxury Real Estate, Coldwell Banker Beverly Hills – http://www.ChristopheChoo.com</title>
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		<pubDate>Tue, 09 Mar 2010 22:05:14 +0000</pubDate>
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		<title>A view of Trousdale Estates in Beverly Hills. Beverly Hills Homes, Beverly Hills Real Estate, Beverly Hills Luxury Real Estate, Coldwell Banker Beverly Hills – http://www.ChristopheChoo.com</title>
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		<pubDate>Tue, 09 Mar 2010 21:53:26 +0000</pubDate>
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A view of Trousdale Estates in Beverly Hills. Beverly Hills Homes, Beverly Hills Real Estate, Beverly Hills Luxury Real Estate, Coldwell Banker Beverly Hills &#8211; http://www.ChristopheChoo.com
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A view of Trousdale Estates in Beverly Hills. Beverly Hills Homes, [...]<p><a href="http://www.christophechoo.com/a-view-of-trousdale-estates-in-beverly-hills-beverly-hills-homes-beverly-hills-real-estate-beverly-hills-luxury-real-estate-coldwell-banker-beverly-hills-httpwww-christophechoo-com/">A view of Trousdale Estates in Beverly Hills. Beverly Hills Homes, Beverly Hills Real Estate, Beverly Hills Luxury Real Estate, Coldwell Banker Beverly Hills &#8211; http://www.ChristopheChoo.com</a> is a post from: <a href="http://www.christophechoo.com">Beverly Hills Real Estate-Beverly Hills Homes For Sale - Luxury Homes</a></p>
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		<title>Leaving now for our Tuesday “Broker’s Preview” so I can see ALL the new listings and price reductions.</title>
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		<pubDate>Tue, 09 Mar 2010 19:29:10 +0000</pubDate>
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Christophe Choo
Christophe Choo Real Estate Group
Coldwell Banker Beverly Hills
301 North Canon Drive, Suite E
Beverly Hills, &#160;California 90210
Telephone: (310)777-6342
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Click here to [...]<p><a href="http://www.christophechoo.com/leaving-now-for-our-tuesday-brokers-preview-so-i-can-see-all-the-new-listings-and-price-reductions/">Leaving now for our Tuesday &#8220;Broker&#8217;s Preview&#8221; so I can see ALL the new listings and price reductions.</a> is a post from: <a href="http://www.christophechoo.com">Beverly Hills Real Estate-Beverly Hills Homes For Sale - Luxury Homes</a></p>
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<div>Christophe Choo Real Estate Group</div>
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<div>Beverly Hills, &nbsp;California 90210</div>
<div>Telephone: (310)777-6342</div>
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		<title>Showdown in Beverly Hills Over “Monster Home” Beverly Hills Homes, Beverly Hils Real Estate, Beverly Hills Luxury Real Estate – http://www.ChristopheChoo.com</title>
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		<pubDate>Tue, 09 Mar 2010 16:31:27 +0000</pubDate>
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 Sounds like shady dealings are going down in the 90210, according to the Beverly Hills Courier. The homeowners of a single-family residence at 1201 Laurel are under fire for allegedly going around the city regarding a remodel of the house. The city says they ok&#8217;d a 50 percent demolition of the existing structure, but [...]<p><a href="http://www.christophechoo.com/showdown-in-beverly-hills-over-monster-home-beverly-hills-homes-beverly-hils-real-estate-beverly-hills-luxury-real-estate-httpwww-christophechoo-com/">Showdown in Beverly Hills Over &#8220;Monster Home&#8221; Beverly Hills Homes, Beverly Hils Real Estate, Beverly Hills Luxury Real Estate &#8211; http://www.ChristopheChoo.com</a> is a post from: <a href="http://www.christophechoo.com">Beverly Hills Real Estate-Beverly Hills Homes For Sale - Luxury Homes</a></p>
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<p> Sounds like shady dealings are going down in the 90210, according to the <a href="http://www.bhcourier.com/article/More_Local_News/More_Local_News/Monster_Home_Crackdown/65828"><em>Beverly Hills Courier</em></a>. The homeowners of a single-family residence at 1201 Laurel are under fire for allegedly going around the city regarding a remodel of the house. The city says they ok&#8217;d a 50 percent demolition of the existing structure, but the homeowners demolished 90 percent. The homeowners, Papcap Laurel Way LLC (the house was previously owned by businessman Richard Papalian, hmm), claimed it was necessary because of safety concerns and that they verbally got an ok from a city official. Beverly Hills says nope. Neighbors are also peeved at the owner saying they always planned on bringing down the old house so they could build a supersized one—it&#8217;s three stories where it was just one before.  Via the paper: &#8220;Three years ago somebody knocked on the door stating they were going to buy 1201 Laurel Way and asked if we had objections to tearing the house down,&#8221; said neighbor Ronit Gura, who did have objections. &#8220;We found out then that instead of asking for a permit to build a new house, (which would require commission and public hearings for the neighbors input), they received a remodel permit which is less restrictive.&#8221; Now Gura is suing Papcap saying they exceeded the vertical limit of 14 feet&#8211;<strong>1201 Laurel is now 23 feet</strong>. The city council takes on the issue of 1201 Laurel on April 20.<br />  · <a href="http://www.bhcourier.com/article/More_Local_News/More_Local_News/Monster_Home_Crackdown/65828">&#8216;Monster Home&#8217; Crackdown</a> [BH Courier]</p>
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<p>Showdown in Beverly Hills Over &#8220;Monster Home&#8221;  <br />Beverly Hills Homes, Beverly Hils Real Estate, Beverly Hills Luxury Real Estate &#8211; <a href="http://www.ChristopheChoo.com">http://www.ChristopheChoo.com</a></p>
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		<title>Top 10 Most Advantageous Places to Retire. Beverly Hills Homes, Beverly Hills Real Estate – http://www.ChristopheChoo.com</title>
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		<pubDate>Tue, 09 Mar 2010 15:46:13 +0000</pubDate>
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RISMEDIA, March 9, 2010—(MCT)—Where do you want to live in retirement? Most folks age in place, but there are those who spend their golden years in dreamy locales.
The 100 most popular retirement towns for 2010 are—no surprise—mostly located in the Sun Belt states, according to TopRetirements.com. In fact, 68 of the 100 top positions were [...]<p><a href="http://www.christophechoo.com/top-10-most-advantageous-places-to-retire-beverly-hills-homes-beverly-hills-real-estate-httpwww-christophechoo-com/">Top 10 Most Advantageous Places to Retire. Beverly Hills Homes, Beverly Hills Real Estate &#8211; http://www.ChristopheChoo.com</a> is a post from: <a href="http://www.christophechoo.com">Beverly Hills Real Estate-Beverly Hills Homes For Sale - Luxury Homes</a></p>
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<p>RISMEDIA, March 9, 2010—(MCT)—Where do you want to live in retirement? Most folks age in place, but there are those who spend their golden years in dreamy locales.<span></span></p>
<p>The 100 most popular retirement towns for 2010 are—no surprise—mostly located in the Sun Belt states, according to TopRetirements.com. In fact, 68 of the 100 top positions were occupied by warm-climate towns. Florida dominated the list, taking 23 of the spots, followed by North Carolina (11) and South Carolina (8).</p>
<p>But there are 25 new towns on the list, according to John Brady, editor of the second edition of 100 Best Retirement Towns. Some of the 25 new cities on the list include Boulder, Colo.; Eugene, Ore.; Santa Fe, N.M.; Chattanooga, Tenn.; Cheyenne, Wyo.; Portland, Maine; Smyrna, Del.; and Cape Coral, Fla.</p>
<p>According to Brady, the 100 most popular retirement towns list is compiled by calculating the 100 towns with the most online visits of the 450 cities reviewed at Topretirements.com. The list is essentially a popularity contest; it reflects the towns that site visitors are the most interested in for retirement. “One thing is clear,” Brady said of the trends he’s noticed in this year’s list. “The Sun Belt is so dominant because people are interested in retiring to where it’s warm.” In addition, he said, this year’s list is dominated by college towns. People are looking for a place to retire where they have access to intellectually challenging activities.</p>
<p><strong>The towns with the most online visits include: </strong></p>
<p><strong>Ashevill, NC</strong><br />  Asheville is a long-time favorite. Part of its ongoing appeal is its climate (it’s mild year round); its location (it’s in the Blue Ridge Mountains; there’s water everywhere for fishing and boating, and its downtown is walkable and dynamic); its housing stock (there’s a wide range of upscale housing opportunities for seniors). What’s not so special is that Asheville gets crowded in the summer and overdevelopment is coming.</p>
<p><strong>Sarasota, Fla.</strong><br />  Sarasota is the cultural capital of Florida. Part of its appeal is that is has one of Florida’s best downtowns, a downtown that includes an impressive array of cultural facilities such as the John and Mable Ringling Museum of Art. On the downside, there are a lot of tourists and traffic in winter, and summers are hot. Of note, the Ringling Brothers located the winter quarters of their circus in Sarasota.</p>
<p><strong>Prescott, Ariz.</strong><br />  An old mining town, retirees choose this location for its warm climate and interesting setting. The town, which borders the Prescott National Forest, features 525 buildings on the National Register of Historic Places and Whiskey Row. On the downside, there are a lot of tourists. At an elevation of 5,400 feet, the winters are colder here than the rest of Arizona. Plus, there are watering restrictions, according to TopRetirements.com.</p>
<p><strong>Paris, Tenn.</strong><br />  Retirees come to Paris, which is roughly equidistant from Nashville and Memphis, because they like living near one of the largest manmade lakes in the world. “People go there to fish and relax,” Brady said of Paris. (By way of background, the city also claims to have the world’s largest fish fry). Plus Paris has a low cost of living compared with other retirement hot spots. The median sales price of a home here in 2009 was well below $100,000. On the downside, big-city amenities are two hours away.</p>
<p><strong>Austin, Texas</strong><br />  Austin is becoming a popular retirement community for a variety of reasons, according to TopRetirements.com. The University of Texas and its array of cultural and other activities is perhaps the biggest draw for Austin, its cosmopolitan and high-tech, quirky soul is another reason. Plus it has a relatively low cost of living. On the downside, the summers are hot and humid, and the city might be too big and fast-paced for those seeking peace and quiet.</p>
<p><strong>Green Valley, Ariz.</strong><br />  Green Valley, which is 20 miles south of Tucson, has one of the largest active adult communities in the world. The average age, by the way, is 72. Consider: It has nine golf courses; two recreation centers with over 126,000 square feet of facilities; countless swimming pools and spas; numerous tennis courts, fitness centers and classes; and every type of crafts and clubs. On the downside, it’s a bit remote. In fact, it’s just 40 miles north of the border of Mexico—so close that there have been a few scenes with federales and desperados running through Green Valley, reports TopRetirements.com.</p>
<p><strong>Winston-Salem, NC</strong><br />  Why Winston-Salem is the seventh most visited place on the TopRetirements.com website is a bit of a mystery to Brady. To be sure, there’s culture (Reynolda Gardens and the Reynolda House Museum of American Art) and a downtown that features the Wachovia Center. And the cost of living is low ($120,000 is the average home price). But on the downside, Brady’s website reports that development is proceeding very quickly, with attendant traffic. Some young professionals say there is not enough to do, and crime is a concern in Winston-Salem.</p>
<p><strong>Beaufort, SC</strong><br />  Beaufort is a terrific place to live, not far from Hilton Head and Savannah. What’s special about this city? It’s a charming old town in the Sea Island. Beaufort has won tons of awards, including Best Small Southern Town, Small Town Arts and Best Fishing Town. It also has plenty of golf courses. The city has 304 acres designated as a National Historic Landmark, and the winters are mild. What’s not so special, according to TopRetirements.com: It can be overrun by tourists in season, and it’s not for people who like a fast-paced lifestyle.</p>
<p><strong>San Diego</strong><br />  To Brady, San Diego has the most perfect weather in the country. Its scenery, climate (there’s only 10 inches of rain on average per year), and lifestyle (the San Diego Zoo, Balboa Park, Gas Lamp District and Torrey Pines Golf Course) are second to none and appeal to active adults 55 and older, reports TopRetirements.com. On the downside, it’s expensive and the traffic—well, it is California.</p>
<p><strong>Ft. Myers, Fla.</strong><br />  Now that the housing market has crashed, Ft. Myers has become a less expensive place in which to retire. The median selling price at the end of 2009 was $98,000, reports Brady. What else is so special about Ft. Myers? Well, there’s the beach, a charming old downtown area, the Thomas Edison and Henry Ford winter estates, world-class shopping, golf and fishing. Plus, it’s the spring training home for the Boston Red Sox and Minnesota Twins. On the downside: Oppressively hot, humid summers; traffic; way too much development, now in a bust cycle; too many strip malls.</p>
<p>According to Brady, there are two other cities/towns that retirees might want to consider from the top 100 list. Those include Portland, Maine, which if you don’t mind winters is an up-and-coming retirement spot, and Smyrna, Del., which is a small, former farming town of about 8,000 between Wilmington and the oceanside community of Lewes. Smyrna, in particular, has plenty of active adult communities, beaches and land and an attractive tax structure.</p>
<p>(c) 2010, MarketWatch.com Inc.</p>
<p>Distributed by McClatchy-Tribune Information Services.</p>
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