Legend Trail Summary of Home Sales By Type

Legend Trail golf community has production and custom homes. The public golf course, designed by Rees Jones, follows the natural topography of the high Sonoran desert of North Scottsdale. From the clubhouse, there arespectacular views of Pinnacle Peak, the McDowell Mountains, Camelback, and theMummy Mountains Fifty percent of the 640 acres are devoted to open space, so residents experience an oasis of open beauty and luxurious living. The Legend Trail Recreation Center is a 10,000 square foot facility featuring a state of the art fitness center, two lighted tennis courts, two pools, a pool-side Jacuzzi, as well as walking and biking trails.

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Summary of Legend Trail 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.