Lone Mountain Summary of Home Sales By Type

The Lone Mountain area, at the South end of the Boulders Character Area, includes Trovia (Monterey Homes), Las Piedras (Centex Homes), Lone Mountain Vista, Lone Mountain Estates, Pallacio (Del Mar Homes), and Scottsdale Highlands (Tucker).

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Summary of Lone Mountain 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.