Find Your North Scottsdale Home - Get "Lucky" In Real Estate - Lisa and Matt Lucky
Whisper Rock Homes For Sale
Whisper Rock Estates is a new exclusive guard-gated golf community on 850-acres in North Scottsdale which offers large custom home sites, ranging from one to five acres. Homesite have lush desert vegetation and superb 360-degree views of the McDowells, Pinnacle Peak, Black Mountain, Tonto National Forest.
Whisper Rock Golf Club strives to provide players with the finest golf experience possible. Whisper Rock's membership is limited to 580 golf memberships for the 36-hole facility. Whisper Rock's club is focussed on golf rather than other amenities, though amenities do include walking paths, library, 3 acre park, fitness center, 24-hour guard-gated access, and conceirge services including dry cleaning and grocery arrangements. Call for more information.
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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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