Find Your North Scottsdale Home - Get "Lucky" In Real Estate - Lisa and Matt Lucky
Bellasera Homes For Sale
Bellasera is a guard gated community of 360 homeowners situated on 290 acres, located at the base of Lone Mountain Approximately 40% of its land is protected unspoiled desert. This is a Del Webb community in north Scottsdale. Bellasera's 5,000-square-foot clubhouse offers a health and fitness center with separate men and women steam rooms. Three lighted tennis courts, a lighted basketball court, a swimming pool, spa, and lots of jogging and walking trails. In Portuguese, the words "bella" and "sera" come together to create "summit of beauty."
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.
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