Find Your North Scottsdale Home - Get "Lucky" In Real Estate - Lisa and Matt Lucky
Ironwood Village Homes For Sale
Ironwood Village is a community is close to shpping, 101 freeway and Scottsdale airport. Homes built by UDC Homes, range from small patio homes to larger multi-story homes, 1300 to 3200 Sq Ft. Many with spectacular views of the McDowells. Walk paths and a community park with recreational facilities complete this community.
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. Licensed in Arizona - Focused on North Scottsdale.