Summit at McDowell Mountain Homes For Sale

The Summit at McDowell Mountain Ranch, by Presley Homes, consists of 141 single-family properties that range from 1854 to 2688 square feet. The Summit is one of the few communities that offers homes in the Territorial style.

Summit at McDowell Mountain Homes For Sale

325,000

2 bed/2 bath

1,855 (Tax) sf

Active \Contingent

MLS 4725585

Summit at McDowell Mountain - Lot 73
2 Bedrooms / 2 Baths


2 Car Garage
Built : 1996

Offered by Realty USA Southwest

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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.