Click here for Tahoe Donner Short Sales, Foreclosures & Bank Owned Properties

BUY YOUR TICKETS NOW FOR THE THE SOUTH LAKE TAHOE PREMIER AT MONTBLEU RESORT!

WHEN: Friday, December 5th and Saturday, December 6th.
TIME: Shows start at 7:30 PM; doors open at 6:30 PM
WHERE: MontBleu Resort in the showroom
TICKETS: Available at Sports LTD, MontBleu and online at www.MontBleuResort.com
COST: $12 in advance and $14 at the door.

Q: Why should people come out to Crystal Bay Casino to catch the showing of “Children of Winter?”

A: The people, the scene and the entire vibe, and of course the movie. But the entire scene is so fun and positive. It’s great reuniting with ‘winter friends’ again. I’m sure I’m not alone. There are people I only see during winter, on the hill or maybe at various movie premiers. It’s a great time to catch up and collectively ‘think snow.’

Thanksgiving Weekend North Lake Tahoe / Truckee Premier:

 North Lake Tahoe / Truckee Premier:
       When: Friday & Saturday; Nov. 28 & 29 (Two shows each night)
       Where: Crystal Bay Club
       Time: 6:30 PM & 9:15 PM 
       Tickets: $12 at ALL Dave’s Skis & Boards (Truckee, Squaw valley, Tahoe Cioty and Kings Beach),
                     Crystal Bay Club and on-line at (www.CrystalBayCasino.com)

What if You Don’t Qualify for a Loan Modification?On Tuesday the Federal Housing Finance Agency — noting that foreclosures have increased 150% over the last two years — announced a new streamlined plan to try to staunch the “downward spiral” of foreclosures by modifying loan payments for millions of borrowers. (”Fannie, Freddie Unveil Plan to Modify Loans“)

The program, is an extension of the Hope Now alliance, and follows similar efforts by large lenders such as Citigroup Inc., Bank of America Corp., and J.P. Morgan Chase & Co., to stem foreclosures. It will be implemented in mid-December, the agency says.

But not everyone who is feeling the pinch will get help. (See “Who’s Eligible“) Just because your house may have dropped in value since you bought it, lenders aren’t going to give you a break — the latest terms apply only to those who can’t pay due to hardship and are at imminent risk for losing their homes to foreclosure.

But if you’re in financial trouble and don’t qualify under the rules — for instance, if you can’t pay the mortgage on your vacation home rather than your primary residence — you still have options.

Who’s Eligible for Help?

Under the FHA plan, lenders will modify interest rates or forgive a portion of the principal, to bring the ratio of mortgage payments, including homeowners’ association dues, to 38% of income. Among the requirements for borrowers:

• Must have a loan on a primary residence that was made before Jan. 1, 2008.
• Must contact loan servicers and cooperate on supplying need information.
• Must be at least 90 days behind on payments.
• Must not have filed for bankruptcy protection.
• Must certify that a hardship, such as job loss or illness, has affected their ability to repay, and that they did not purposely default to get a loan modification.

Here are some suggestions:

• Contact a reputable credit counseling agency to see what your options are besides foreclosure. The Department of Housing and Urban Development links to free or low-cost counselors. The non-profit National Foundation for Credit Counseling has an online tool for locating members nearest your home.
• Call your loan servicer to see who owns your loan; then call the lender to try to work out a deal. FHFA says that borrowers who don’t meet the requirements for the new streamlined process can still be considered for loan modifications customized to their personal circumstances.
• Sell a family car, take a second job, ask relatives for help or do whatever else you can to raise enough cash to pay the mortgage until the housing market improves. If zoning laws allow it, think about renting out rooms or a finished basement.
• Consider a short sale, where a lender agrees to take less than the balance of the loan. You avoid foreclosure, though you may have to pay taxes on the shortfall. While short sales have become common in places where home prices have fallen precipitously, bear in mind that you must find a patient buyer, since many lenders are overwhelmed by short sales and are slow to respond to offers.
• If you cannot come to an agreement with your lender, ask about transferring title in return for the cancellation of your debt, known as “deed in lieu of foreclosure.” (This may not be possible if your property secures other debts.) Although you’ll lose whatever equity you might have in the home, your credit won’t be as damaged as it would be if you go into foreclosure.
• If all else fails, look into filing for bankruptcy. While it will be a black mark on your credit for as long as a decade, under certain circumstances, you may be able to work out a payment plan that allows you to keep the house. For more information, visit the Department of Justice’s Web site

North Lake Tahoe’s

Squaw Valley USA              Saturday, November 22, 2008 ?????

Northstar-at-Tahoe          Wednesday, November 26, 2008
“Eyes set for November 26th. Scheduled opening day is set for the day before Thanksgiving (weather and conditions permitting)”.

Alpine Meadows                Saturday, December 6, 2008
“With consideration for Mother Nature’s decision to arrive fashionably late, Alpine has a new opening date.  Now with the temperatures dropping and snow making underway, we want to give you the conditions you have come to expect from Alpine Meadows.  So, to the snow Gods, do a snow dance, wash your car, and put that deck furniture back out!  Stay connected for the latest snow word”.

Sugar Bowl                        Thursday, November 27, 2008

Enjoy and have a fun-filled and safe winter!

The movie is jam packed with exciting footage featuring Shane McConkey, CR Johnson, Simon Dumont, and some of the most spectacular newcomers in the industry. Presented by Heavenly, Sports LTD, and Heavenly Sports, this is a film about the best in the industry showing us what progression is all about.  

The World’s Largest Action Sports Film Announces its 59th Annual U.S. Tour

North Lake Tahoe / Truckee Premier:
       When: Friday & Saturday; Nov. 28 & 29
       Where: Crystal Bay Club
       Time: 6:30 PM & 9:15 PM 
       Tickets: ALL Dave’s Skis & Boards 
                     Crystal Bay Club
           (www.CrystalBayCasino.com)

Warren Miller’s 2008 Film Tour showcases spectacular footage shot in Japan, Austria, British Columbia, Alaska, and Iceland with jaw-dropping performances by an impressive assembly of world-class athletes, including Jonny Moseley, Daron Rahlves, Marco Sullivan, Seth Wescott, Gerry Lopez, and Wendy Fisher. Timeless Warren Miller athlete Chris Anthony takes on Leadville, Colorado’s legendary skijoring competition. Pep Fujas explores Silverton Mountain, the only backcountry ski resort in the United States.  Teenage snowboard pro Ben Watts chases surf legend Gerry Lopez on Mount Bachelor’s frozen waves.  Skiing’s top female athletes meet up in Crested Butte for the deepest powder in decades.  And Jeff Annetts, Drew Stoecklein, and Derek Foose sail Iceland, skiing mountains that end in the ocean. 

“When it’s cold and snowing, others run inside. But skiers and snowboarders do the opposite, no matter how old we are,” said Max Bervy, director and producer. “We are all the Children of Winter, and if you ski or ride, this movie reaffirms what we all know, that we’re lucky to know the shortest, coldest days of the year.”