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TAHOE/TRUCKEE, Calif. — The Ritz-Carlton, Lake Tahoe has been recognized as the #10 resort on the annual Conde Nast Traveler “Best in the World” readers’ poll. The annual list, in the November issue of the publication ranks the best hotels and resorts worldwide.

The resort was also recently awarded the prestigious AAA Five Diamond designation, the travel authority’s highest rating for hotels and restaurants. This is the first year the luxury mountain resort has received this prestigious award and it is the first-ever hotel or resort in the Lake Tahoe region to achieve the AAA Five Diamond rating.

“Receiving the AAA Five Diamond award is testament to the dedication and outstanding efforts of the Ladies and Gentlemen of The Ritz-Carlton, Lake Tahoe,” said Allen Highfield, general manager for the resort. “The fact that readers of Conde Nast Traveler ranked The Ritz-Carlton, Lake Tahoe in the top 10 for mainland resorts is a huge honor, as it is from our guests.”

Little Change in California, as Nevada and Washington Foreclosure Starts Plummet

Foreclosure Starts in California were little changed this month, after a dramatic increase in August and subsequent fall in September. Other California foreclosure activity was also little changed in October. California foreclosure investors gained traction with 9.9 percent more properties sold to third parties in October, representing a record 28.8 percent of all foreclosure sales. A year ago just 16.9 percent of foreclosures were purchased by third parties.

Nevada Foreclosure Starts plummeted in reaction to the passing of AB 284, which imposed stricter requirements on filing new Notices of Default, and seems to have specifically targeted ReconTrust – the trustee that handles all Bank of America and Countrywide foreclosures – by prohibiting a trustee from being owned by the foreclosing lender, as ReconTrust is. Washington Foreclosure Starts continued their decline after being impacted by a lawsuit filed by the State Attorney General against ReconTrust in August alleging the trustee was illegally foreclosing on properties in that state.

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