Find Your North Scottsdale Home - Get "Lucky" In Real Estate - Lisa and Matt Lucky
Ashton Woods at Desert Park Village Homes For Sale
Ashton Woods at Desert Park is a gated neighborhood with parks and trails. There are 7 floor plans - 3 Manor Homes floor plans and 4 Park Homes floor plans. Manor home size ranges from 1,853 to 2,767 square feet. Park home size ranges from 1,742 to 3,018 square feet.
Here is a list of definitions often used to describe Distressed Properties.
Definitions
Short Sale
The "short" in short sale actually refers to the fact that the payoff amount agreed to in the transaction is "shorter" than the mortgage balance on the property. Simply put, there is more owed on the home than it will sell for.
Pre-Foreclosure
The owner is attempting to sell the property during the pre-foreclosure period, before the foreclosure can be completed. The term pre-foreclosure or preforeclosure is that period between when the lender files a foreclosure notice of default in the public records (Lis Pendens) and the date the property is to be sold at public auction or trustee's sale. Often lenders are taking back properties instead of holding the public auction or trustee's sale.
Lender Owned
Lender owned is just what it sounds like. Also called REO, which means real estate owned, or bank owned.
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Russ Lyon - Since 1947 - Our name is synonymous with fine properties. Lisa & Matt Lucky - Enjoying the North Scottsdale Lifestyle since 1997. North Scottsdale Relocation Specialist.
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