Merit Crossing Homes For Sale

Merit Crossing has large custom home sites in gated community north west of Pinnacle Peak mountain, just west of Estancia. It is a beautiful setting with views of not only Pinnacle Peak but also of gorgeous desert scenery as far as one can see to the north..

Merit Crossing Homes For Sale

4,450,000

6 bed/6.5 bath

10,500 (Builder) sf

Active

MLS 2672830
Lot 14

6 Bedrooms [2 Masters, Split w\Walk-in Closet] / Den / Media / 6.5 Baths
Pool & Spa
Mountain & City Light views.
Separate Guest House & Circular Drive.
5 Car Garage
Built : 2008

Offered by John Hall & Associates

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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.