PORTOLA HILLS LIVING by Kelly Turbeville

Last night to a "small" crowd of Portola Hills residents and the developers (Rancho Portola Investments, LLC and USA Portola Properties, LLC) gave an update of the current status of the new development coming to Portola Hills. Overall it was just a briefing that often got side tracked as it is evident residents aren't over ally happy about the new development. But whether happy or not, it is coming as the land owners have a right to develop the land they own and the city of Lake Forest is builtout. Hopefully there is truth in what the developers noted and they plan to work with the community to ensure the communities needs and concerns are met. First off, with the current economy there has no doubt been a delay but work is beginning. The prelim project has been approved by the city now the developer is working on the final approvals that will take at least 12 months, with community reviews along the way through the environmental process. That being said, ideally the cons

Hello Neighbors, Just want to make sure you are kept up to date. As you aware Portola Hills is expanding! Have you been wondering when, well looks like the ground breaking is set to begin. There will be a community meeting, Weds May 26th so make sure to mark your calenders. Click on the memo to the left for details.

Just another look at this awesome property we have available. More listings to come so if you are looking to move to Portola Hills , let us know.

Wondering how the Real Estate market is really performing in Orange County, well here is your look at March. Should you have any questions or want to a personal review of your neighborhood, please do not hesitate to contact us direct.

Do you live in Portola and own a business. If so, send us the website link and we are happy to list your business on our page, free to Portola Hills residents. If you would like us to write a little blurb then feel free to send us a quick overview of your services as well. Portola Hills Living believes in small business! Don't forget if you also have an announcement you want to share we are also happy to post the details for you as well. So having a garage sale, have a classified item, let us know!

Just listed in the soughtafter community of Montecido in Portola Hills, this lovely 2 bedroom/2 bath Carriage Unit. Contact: Kelly to schedule a showing. Kelly's positive attitude towards fulflling her clients dreams has made her one the premier real estate professionals in the Saddleback Valley. Kelly grounds her optimism with sound business and marketing skills, as well as experience negotiating mult-million dollar contracts. More importantly Kelly takes a big-picture approach to her cleint's goals. She understands each sale is connected to another purchase, and each purchase to an eventual sale. Kelly is commited to make sure all your goals, both short and long term, are part ofa larger plan that's guiding you towards success. If you're looking to buy or sell a home, contact Kelly to schedule a free consultation. Whatever your Real Estate Dream is, with Kelly at your side, It's Possible! The above information is deemed reliable but not guarentee

This makes me mad. When speaking to clients regarding Short Sales the majority do not understand the tax consequences of a Short Sale. Alot of that confusion comes from the fact that the Federal Gov't is not currently requiring a tax, but depending on the state you live in the homeowner may still be liable for the loss as is the current rule for California homes. Below is a great article that spells out the difference between the Federal and State requirement. Lost Money On Your House, Short Salers Face Huge Tax Bill Please ensure if you are considering a short sale the tax issues and I highly recommend you speak with a Tax Accountant regarding this liability.