Tonto Verde Homes For Sale

Tonto Verde is an active adult communities in the Northeast Valley of the Sun. In July 2011 Tonto Verde Golf Club (TVGC) ownership transferred to the Club's membership. The 26,000 square foot Santa Fe style clubhouse has a grill, dining area, fitness enter, pro shop, exercise facility, heated pool and jacuzzi. Tonto Verde has two challenging 18-hole courses with spectacular views. Only 717 single-story custom homes and townhomes in Tonto Verde..

Tonto Verde Homes For Sale

678,000

3 bed/2.5 bath

2,871 (Builder) sf

Active

MLS 4662741
Lot 417

Tonto Verde - Lot 417
3 Bedrooms [Master Walk-in Closet] / Den / 2.5 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.

Circular Drive
2 Car Garage
No Interior Steps
Built : 2000

Offered by Russ Lyon Sotheby's International Realty

---

1,150,000

4 bed/4.5 bath

3,914 (Builder) sf

Active

MLS 4659898
Lot 503

Tonto Verde - Lot 503
4 Bedrooms [2 Masters, Split w\Walk-in Closet] / Great / 4.5 Baths
Heated Pool/Heated Community Pool & Spa
Mountain View
Adjacent Preserve
Circular Drive
8 Car Garage
No Interior Steps
Built : 2005

Offered by RE/MAX Excalibur Realty

---

995,000

3 bed/3.5 bath

3,449 (Builder) sf

Active

MLS 4506111
Lot 50

Tonto Verde - Lot 50
3 Bedrooms [Master Split w\Walk-in Closet] / Den / Great / 3.5 Baths
Heated Pool & Spa/Heated Community Pool & Spa
Golf course lot.

Circular Drive
2 Car Garage
No Interior Steps
Built : 2005

Offered by Prudential Arizona Properties

---

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979,000

3 bed/3 bath

3,548 (Builder) sf

Active

MLS 4706988
Lot 173

Tonto Verde - Lot 173
3 Bedrooms [Master Walk-in Closet] / Den / Great / 3 Baths
Spa/Heated Community Pool & Spa
Golf course lot with Mountain views.
Adjacent to Wash
Circular Drive
2.5 Car Garage
No Interior Steps
Built : 2000

Offered by Rio Verde Sales and Rental

---

975,000

3 bed/4 bath

3,763 (Tax) sf

Active

MLS 4696031
Lot 476

Tonto Verde - Lot 476
3 Bedrooms [Master Walk-in Closet] / Den / Great / 4 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2.5 Car Garage
No Interior Steps
Built : 2008

Offered by Rio Verde Sales and Rental

---

960,000

3 bed/3 bath

3,366 (Appraiser) sf

Active

MLS 4601185
Lot 269

Tonto Verde - Lot 269
3 Bedrooms [Master Split w\Walk-in Closet] / Den / Great / 3 Baths
Heated Pool & Spa/Heated Community Pool & Spa
Golf course lot with Mountain views.
Adjacent to Wash
Circular Drive
2 Car Garage
No Interior Steps
Built : 1998

Offered by Prudential Arizona Properties

---

949,000

4 bed/3.5 bath

3,993 (Tax) sf

Active

MLS 4675638
Lot 418

Tonto Verde - Lot 418
4 Bedrooms [Master Split w\Walk-in Closet] / Den / Great / 3.5 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


3 Car Garage
No Interior Steps
Built : 2007

Offered by RE/MAX Excalibur Realty

---

849,000

4 bed/2.5 bath

2,818 (Builder) sf

Active

MLS 4667109
Lot 427

Tonto Verde - Lot 427
4 Bedrooms [Master Split w\Walk-in Closet] / 2.5 Baths
/Heated Community Pool & Spa
Mountain View
Adjacent Preserve

2 Car Garage
No Interior Steps
Built : 2000

Offered by RE/MAX Excalibur Realty

---

845,000

3 bed/2.5 bath

3,316 (Builder) sf

Active

MLS 4641760
Lot 194

Tonto Verde - Lot 194
3 Bedrooms [Master Walk-in Closet] / Den / Great / 2.5 Baths
Heated Pool & Spa/Heated Community Pool & Spa
Golf course lot with Mountain views.


2.5 Car Garage
No Interior Steps
Built : 1998

Offered by RE/MAX Excalibur Realty

---

789,000

3 bed/2.5 bath

3,026 (Tax) sf

Active

MLS 4659182
Lot 541

Tonto Verde - Lot 541
3 Bedrooms [Master Split w\Walk-in Closet] / 2.5 Baths
/Heated Community Pool & Spa
Golf course lot.


2 Car Garage
No Interior Steps
Built : 2004

Offered by RE/MAX Excalibur Realty

---

779,900

3 bed/2.5 bath

2,976 (Tax) sf

Active

MLS 4654723
Lot 712

Tonto Verde - Lot 712
3 Bedrooms [Master Walk-in Closet] / Den / Great / 2.5 Baths
/Heated Community Pool & Spa
Mountain View

Separate Guest House.
2 Car Garage
No Interior Steps
Built : 2006

Offered by RE/MAX Excalibur Realty

---

775,000

3 bed/2.5 bath

3,330 (Tax) sf

Active

MLS 4657320
Lot 14

Tonto Verde - Lot 14
3 Bedrooms [Master Split w\Walk-in Closet] / 2.5 Baths
/Heated Community Pool & Spa
Golf course lot.
Adjacent to Wash

2 Car Garage
No Interior Steps
Built : 2000

Offered by RE/MAX Excalibur Realty

---

769,900

3 bed/3 bath

2,840 (Owner) sf

Active

MLS 4682674
Lot 204

Tonto Verde - Lot 204
3 Bedrooms [Master Split w\Walk-in Closet] / Great / 3 Baths
Heated Play Pool/Heated Community Pool & Spa
Golf course lot with Mountain views.

Gazebo/Ramada
2 Car Garage
Built : 1999

Offered by RE/MAX Excalibur Realty

---

750,000

2 bed/2.5 bath

3,307 (Tax) sf

Active

MLS 4662973
Lot 54

Tonto Verde - Lot 54
2 Bedrooms [Master Split w\Walk-in Closet] / 2.5 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.

Circular Drive
2 Car Garage
No Interior Steps
Built : 1994

Offered by RE/MAX Excalibur Realty

---

749,000

3 bed/2.5 bath

2,984 (Builder) sf

Active

MLS 4699854
Lot 375

Tonto Verde - Lot 375
3 Bedrooms [Master Split w\Walk-in Closet] / 2.5 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.
Adjacent to Wash

3 Car Garage
Built : 2005

Offered by RE/MAX Excalibur Realty

---

745,000

2 bed/2.5 bath

3,077 (Builder) sf

Active

MLS 4530553
Lot 203

Tonto Verde - Lot 203
2 Bedrooms [Master Split w\Walk-in Closet] / Den / Great / 2.5 Baths
Spa/Heated Community Pool & Spa
Golf course lot with Mountain views.

Circular Drive
2 Car Garage
No Interior Steps
Built : 1997

Offered by Rio Verde Sales and Rental

---

699,950

4 bed/3 bath

3,047 (Builder) sf

Active

MLS 4690320
Lot 544

Tonto Verde - Lot 544
4 Bedrooms [Master Split w\Walk-in Closet] / Den / Great / 3 Baths
/Heated Community Pool & Spa
Golf course lot.


3 Car Garage
No Interior Steps
Built : 2012

Offered by New Village Realty

---

699,900

3 bed/2.5 bath

3,144 (Builder) sf

Active

MLS 4662430
Lot 131

Tonto Verde - Lot 131
3 Bedrooms [Master Walk-in Closet] / Den / 2.5 Baths
Spa/Heated Community Pool & Spa
Golf course lot with Mountain views.

Circular Drive
3 Car Garage
No Interior Steps
Built : 1999

Offered by RE/MAX Sun Properties

---

699,000

3 bed/2.5 bath

3,184 (Tax) sf

Active

MLS 4675867
Lot 415

Tonto Verde - Lot 415
3 Bedrooms [Master Split w\Walk-in Closet] / Den / 2.5 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


4 Car Garage
Built : 2000

Offered by RE/MAX Excalibur Realty

---

695,500

3 bed/3 bath

2,666 (Builder) sf

Active

MLS 4638274
Lot 62

Tonto Verde - Lot 62
3 Bedrooms [Master Walk-in Closet] / Den / 3 Baths
Heated Pool/Heated Community Pool & Spa
Golf course lot with Mountain views.
Adjacent to Wash

2.5 Car Garage
No Interior Steps
Built : 1997

Offered by Rio Verde Sales and Rental

---

659,000

3 bed/3 bath

2,705 (Tax) sf

Active

MLS 4675615
Lot 246

Tonto Verde - Lot 246
3 Bedrooms [Master Split w\Walk-in Closet] / 3 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2 Car Garage
No Interior Steps
Built : 1998

Offered by RE/MAX Excalibur Realty

---

639,000

3 bed/3 bath

2,705 (Tax) sf

Active

MLS 4700160
Lot 290

Tonto Verde - Lot 290
3 Bedrooms [Master Walk-in Closet] / Den / 3 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


212 Car Garage
No Interior Steps
Built : 1998

Offered by United Brokers Group

---

629,000

3 bed/3 bath

2,727 (Tax) sf

Active

MLS 4657176
Lot 482

Tonto Verde - Lot 482
3 Bedrooms [Master Split w\Walk-in Closet] / Den / 3 Baths
Heated Pool & Spa/Heated Community Pool & Spa
Golf course lot with Mountain views.
Adjacent to Wash

2 Car Garage
No Interior Steps
Built : 2001

Offered by RE/MAX Excalibur Realty

---

625,000

3 bed/3 bath

2,705 (Builder) sf

Active

MLS 4634920
Lot 158

Tonto Verde - Lot 158
3 Bedrooms [Master Split w\Walk-in Closet] / Den / 3 Baths
Heated Play Pool/Heated Community Pool & Spa
Golf course lot with Mountain views.

Circular Drive
3 Car Garage
No Interior Steps
Built : 1999

Offered by Rio Verde Sales and Rental

---

599,900

2 bed/2.5 bath

2,852 (Architect) sf

Active

MLS 4678164
Lot 310

Tonto Verde - Lot 310
2 Bedrooms [Master Split w\Walk-in Closet] / Den / Great / 2.5 Baths
/Heated Community Pool & Spa
Mountain View


3 Car Garage
No Interior Steps
Built : 2002

Offered by RE/MAX Sun Properties

---

599,000

4 bed/3 bath

3,107 (Tax) sf

Active

MLS 4675392
Lot 210

Tonto Verde - Lot 210
4 Bedrooms [Master Split w\Walk-in Closet] / Den / 3 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2 Car Garage
No Interior Steps
Built : 1999

Offered by RE/MAX Excalibur Realty

---

599,000

3 bed/4 bath

3,156 (Tax) sf

Active

MLS 4492485
Lot 181

Tonto Verde - Lot 181
3 Bedrooms [Master Split w\Walk-in Closet] / Den / 4 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2 Car Garage
No Interior Steps
Built : 1996

Offered by Vista Verde Sales Inc.

---

599,000

3 bed/3 bath

2,705 (Tax) sf

Active

MLS 4665846
Lot 149

Tonto Verde - Lot 149
3 Bedrooms [Master Split w\Walk-in Closet] / 3 Baths
Heated Pool & Spa/Heated Community Pool & Spa
Golf course lot with Mountain views.


2 Car Garage
No Interior Steps
Built : 1999

Offered by RE/MAX Excalibur Realty

---

595,000

2 bed/3 bath

2,860 (Tax) sf

Active

MLS 4694845
Lot 262

Tonto Verde - Lot 262
2 Bedrooms / Den / Great / 3 Baths
/Heated Community Pool & Spa
Mountain View
Adjacent to Wash

3 Car Garage
Built : 2008

Offered by Powerhouse Realty, Inc.

---

565,000

3 bed/2 bath

2,292 (Tax) sf

Active

MLS 4667293
Lot 356

Tonto Verde - Lot 356
3 Bedrooms [Master Walk-in Closet] / Den / 2 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2 Car Garage
No Interior Steps
Built : 1998

Offered by Rio Verde Sales and Rental

---

550,000

3 bed/2.5 bath

2,330 (Tax) sf

Active

MLS 4548465
Lot 633

Tonto Verde - Lot 633
3 Bedrooms [Master Walk-in Closet] / Great / 2.5 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2 Car Garage
No Interior Steps
Built : 2002

Offered by Rio Verde Sales and Rental

---

549,900

3 bed/3 bath

2,704 (Appraiser) sf

Active

MLS 4653973
Lot 123

Tonto Verde - Lot 123
3 Bedrooms [Master Split w\Walk-in Closet] / Den / 3 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.

Circular Drive
2 Car Garage
No Interior Steps
Built : 1998

Offered by RE/MAX Sun Properties

---

549,000

2 bed/2 bath

2,292 (Tax) sf

Active

MLS 4670866
Lot 357

Tonto Verde - Lot 357
2 Bedrooms [Master Split w\Walk-in Closet] / Den / 2 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2 Car Garage
No Interior Steps
Built : 1998

Offered by RE/MAX Excalibur Realty

---

545,000

3 bed/3 bath

2,945 (Builder) sf

Active

MLS 4679001
Lot 568

Tonto Verde - Lot 568
3 Bedrooms [Master Split w\Walk-in Closet] / 3 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2 Car Garage
No Interior Steps
Built : 2001

Offered by RE/MAX Sun Properties

---

545,000

2 bed/2 bath

2,292 (Tax) sf

Active

MLS 4674648
Lot 341

Tonto Verde - Lot 341
2 Bedrooms [Master Walk-in Closet] / Den / 2 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2 Car Garage
No Interior Steps
Built : 1998

Offered by Rio Verde Sales and Rental

---

545,000

2 bed/2.5 bath

2,420 (Tax) sf

Active

MLS 4703506
Lot 630

Tonto Verde - Lot 630
2 Bedrooms [Master Walk-in Closet] / Den / 2.5 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2 Car Garage
Built : 2004

Offered by RE/MAX Excalibur Realty

---

539,000

2 bed/2.5 bath

2,444 (Builder) sf

Active

MLS 4710260
Lot 697

Tonto Verde - Lot 697
2 Bedrooms / Den / Great / 2.5 Baths
/Heated Community Pool & Spa
Mountain View
Adjacent to Wash

2.5 Car Garage
Built : 2005

Offered by RE/MAX Excalibur Realty

---

535,000

2 bed/2.5 bath

2,446 (Builder) sf

Active

MLS 4679352
Lot 684

Tonto Verde - Lot 684
2 Bedrooms [Master Split w\Walk-in Closet] / Den / Great / 2.5 Baths
/Heated Community Pool & Spa
Mountain View
Borders Common Area & Wash

2.5 Car Garage
No Interior Steps
Built : 2005

Offered by RE/MAX Excalibur Realty

---

525,000

3 bed/2 bath

2,407 (Tax) sf

Active

MLS 4659742
Lot 21

Tonto Verde - Lot 21
3 Bedrooms [Master Walk-in Closet] / Great / 2 Baths
/Heated Community Pool & Spa
Mountain View
Borders Common Area

2 Car Garage
No Interior Steps
Built : 1999

Offered by RE/MAX Excalibur Realty

---

499,900

2 bed/2.5 bath

2,330 (Tax) sf

Active

MLS 4672360
Lot 595

Tonto Verde - Lot 595
2 Bedrooms [Master Split w\Walk-in Closet] / Den / 2.5 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2 Car Garage
No Interior Steps
Built : 2000

Offered by RE/MAX Excalibur Realty

---

499,000

3 bed/3 bath

3,070 (Tax) sf

Active

MLS 4706424
Lot 484

Tonto Verde - Lot 484
3 Bedrooms [2 Masters, Split w\Walk-in Closet] / 3 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2 Car Garage
No Interior Steps
Built : 2005

Offered by RE/MAX Excalibur Realty

---

498,000

3 bed/2.5 bath

2,507 (Tax) sf

Active

MLS 4689666
Lot 625

Tonto Verde - Lot 625
3 Bedrooms [Master Walk-in Closet] / 2.5 Baths
/Heated Community Pool & Spa

2.5 Car Garage
No Interior Steps
Built : 2005

Offered by RE/MAX Sun Properties

---

497,000

2 bed/2.5 bath

2,446 (Tax) sf

Active

MLS 4703730
Lot 648

Tonto Verde - Lot 648
2 Bedrooms [Master Split w\Walk-in Closet] / Den / Great / 2.5 Baths
/Heated Community Pool & Spa
Mountain View
Borders Common Area

2 Car Garage
Built : 2005

Offered by RE/MAX Excalibur Realty

---

495,000

4 bed/3 bath

3,343 (Tax) sf

Active

MLS 4653160
Lot 565

Tonto Verde - Lot 565
4 Bedrooms [Master Split w\Walk-in Closet] / Den / Great / 3 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2.5 Car Garage
No Interior Steps
Built : 2005

Offered by RE/MAX Sun Properties

---

479,000

2 bed/2.5 bath

2,446 (Tax) sf

Active

MLS 4708251
Lot 652

Tonto Verde - Lot 652
2 Bedrooms [Master Walk-in Closet] / Den / 2.5 Baths
/Heated Community Pool & Spa
Mountain View


2 Car Garage

Available for lease.

Built : 2005

Offered by RE/MAX Excalibur Realty

---

469,900

2 bed/2.5 bath

2,505 (Builder) sf

Active

MLS 4679506
Lot 619

Tonto Verde - Lot 619
2 Bedrooms [Master Walk-in Closet] / Den / 2.5 Baths
/Heated Community Pool & Spa

2.5 Car Garage
No Interior Steps
Built : 2008

Offered by Rio Verde Sales and Rental

---

449,000

2 bed/2.5 bath

2,342 (Tax) sf

Active

MLS 4706049
Lot 583

Tonto Verde - Lot 583
2 Bedrooms [Master Walk-in Closet] / 2.5 Baths
/Heated Community Pool & Spa

2.5 Car Garage
Built : 2000

Offered by American Associates

---

435,000

2 bed/2.5 bath

2,382 (Tax) sf

Active

MLS 4708480
Lot 56

Tonto Verde - Lot 56
2 Bedrooms [Master Walk-in Closet] / Den / Great / 2.5 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2.5 Car Garage
No Interior Steps
Built : 1994

Offered by Rio Verde Sales and Rental

---

433,000

2 bed/2.5 bath

2,885 (Tax) sf

Active \Contingent

MLS 4469948
Lot 2

Tonto Verde - Lot 2
2 Bedrooms [Master Walk-in Closet] / Den / 2.5 Baths
/Heated Community Pool & Spa
Mountain View
Adjacent to Wash

2 Car Garage
Built : 1994

Offered by Fore Peaks Sales Group LLC

---

433,000

2 bed/2.5 bath

2,885 (Tax) sf

Active

MLS 4703230
Lot 2

Tonto Verde - Lot 2
2 Bedrooms [Master Walk-in Closet] / Den / 2.5 Baths
/Heated Community Pool & Spa
Mountain View
Adjacent to Wash

2 Car Garage
Built : 1994

Offered by Fore Peaks Sales Group LLC

---

429,000

2 bed/2 bath

2,121 (Tax) sf

Active

MLS 4659120
Lot 76

Tonto Verde - Lot 76
2 Bedrooms [Master Split w\Walk-in Closet] / Den / 2 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2 Car Garage
No Interior Steps
Built : 1996

Offered by RE/MAX Excalibur Realty

---

419,000

2 bed/2.5 bath

2,330 (Tax) sf

Active

MLS 4645633
Lot 596

Tonto Verde - Lot 596
2 Bedrooms [Master Split w\Walk-in Closet] / Den / 2.5 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2 Car Garage
No Interior Steps
Built : 2002

Offered by RE/MAX Excalibur Realty

---

415,000

3 bed/2 bath

2,260 (Tax) sf

Active

MLS 4662552
Lot 121

Tonto Verde - Lot 121
3 Bedrooms [Master Walk-in Closet] / Den / 2 Baths
/Heated Community Pool & Spa
Mountain View
Borders Common Area

2.5 Car Garage
No Interior Steps
Built : 1997

Offered by Rio Verde Sales and Rental

---

415,000

2 bed/2.5 bath

2,507 (Tax) sf

Active

MLS 4664151
Lot 679

Tonto Verde - Lot 679
2 Bedrooms [Master Split w\Walk-in Closet] / Den / 2.5 Baths
/Heated Community Pool & Spa
Mountain View
Adjacent to Wash

2 Car Garage
Built : 2006

Offered by Fore Peaks Sales Group LLC

---

414,900

3 bed/2 bath

2,200 (Tax) sf

Active \Contingent

MLS 4658926
Lot 155

Tonto Verde - Lot 155
3 Bedrooms [Master Split] / Den / 2 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.
Adjacent to Wash

2 Car Garage
No Interior Steps
Built : 1997

Offered by RE/MAX Sun Properties

---

398,000

2 bed/2 bath

2,100 (Tax) sf

Active

MLS 4672950
Lot 190

Tonto Verde - Lot 190
2 Bedrooms [Master Walk-in Closet] / Den / 2 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2 Car Garage
No Interior Steps
Built : 1997

Offered by Rio Verde Sales and Rental

---

395,000

2 bed/2 bath

2,173 (Builder) sf

Active

MLS 4486352
Lot 69

Tonto Verde - Lot 69
2 Bedrooms [Master Split] / Den / Great / 2 Baths
/Community Pool & Spa
Golf course lot with Mountain views.
Adjacent to Wash

2 Car Garage
No Interior Steps
Built : 1995

Offered by RE/MAX Excalibur Realty

---

395,000

2 bed/2.5 bath

2,481 (Builder) sf

Active

MLS 4691004
Lot 706

Tonto Verde - Lot 706
2 Bedrooms [Master Walk-in Closet] / Den / Great / 2.5 Baths
/Heated Community Pool & Spa
Mountain View
Borders Common Area

2.5 Car Garage
No Interior Steps
Built : 2006

Offered by Associated Properties, LLC

---

374,900

2 bed/2 bath

2,121 (Tax) sf

Active

MLS 4653437
Lot 92

Tonto Verde - Lot 92
2 Bedrooms [Master Walk-in Closet] / Den / 2 Baths
/Heated Community Pool & Spa
Golf course lot with Mountain views.


2 Car Garage
No Interior Steps
Built : 1996

Offered by RE/MAX Sun Properties

---

315,000

2 bed/2 bath

2,015 (Tax) sf

Active \Contingent

MLS 4686334
Lot 611

Tonto Verde - Lot 611
2 Bedrooms [Master Split w\Walk-in Closet] / Den / Great / 2 Baths
/Heated Community Pool & Spa
Mountain View


2 Car Garage
No Interior Steps
Built : 2006

Offered by RE/MAX Excalibur Realty

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© 2012 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

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.