Since the economic downturn of 2008 – 2012 the amount of foreclosures and short sales in Desert Ridge have decreased significantly. However, there are still a few opportunities to buy homes from banks or owners that have lender approval for short sales.
So what is a short sale in Desert Ridge? A short sale (not specific to only Desert Ridge) is a sale of home in which the funds that make up the proceeds from the sale of the property are actually less then what the debt is that the bank is owed. The amount collected is les than the balance of all the debts secured by the deed of trust liens. The Bank has worked out a price with the owner (seller) of the property that they are ok with and agrees to release their lien on the house.
Below you will find opportunities that are short sales in Desert Ridge. Please contact the Desert Ridge Real Estate Advisors to learn more about Short Sales.