Desert Park Village Summary of Home Sales By Type

Desert Park Village is a collection of single-family homes and luxury rentals. This DC Ranch community has tree-lined streets, parks, and a variety of homes. Architectural elements promote front-of-home living, with front porches, and garages positioned to the back of some homes. As part of the DC Ranch community, residents enjoy the Desert Camp community recrecation complex, hiking and biking trails, the Market Street retail center, schools, and more. Convienient to downtown Scottsdale (20 minutes) and central Phoenix (35 minutes).

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Summary of Desert Park Village Home Sales By Type

Here is a list of definitions often used to describe Type of Real Estate Sales.

Definitions

	Resale	This is the traditional method, with no third party involvement. The owner sells the property and pays off any debts secured by the property. Relocation, estate sale, and auctions, which made up a small percentage, are also included in this category.
	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.
	Lender Owned	Lender owned is just what it sounds like. Also called " REO" , which means real estate owned, or bank owned.