Find Your North Scottsdale Home - Get "Lucky" In Real Estate - Lisa and Matt Lucky
Monument at Troon North Homes For Sale
Monument at Troon North is a gated community of custom homesites, named after the Troon North course. Most homes have views of adjacent fairways and greens, dramatic boulder outcroppings, and nearby Pinnacle Peak. Homes 2002 to 5034 square feet, on lots of up to 2.3 acres.
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Updated Wed Mar 17, 2010 8:13 AM.
Indicates a property listed by a real estate brokerage other than Russ Lyon Sotheby's International Realty. 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.
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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.