One of the best ways to buy homes in Newport Beach is by purchasing a short sale. A short sale listing is where the home owner is upside down with their mortgage holder and is typically behind in their monthly mortgage payment. This kind of distressed sale has become more of a commonplace as Newport Beach homeowners realize that doing a short pay with the bank is the best way to relieve their toxic debt. When the home goes on the market as a short sale the seller is asking the bank for forgiveness on the difference between what is owed and what a buyer is willing to offer on the home. These distressed opportunities are very attractive to savvy real estate buyers as most short sale listings are typically under current market value. If you are home buyer looking for a bargain price then short sales is where you should be looking. You may be interested in a newly listed short sale listing that has come on the market under $900,000 in the Harbor Highlands community in Newport Beach. As discussed in earlier blog posts, Harbor Highlands is a nice and quiet community and one of the best places to find single level homes in Newport Beach. The homes are in close proximity to Mariners Park and a short distance to the Newport Bay and Pacific Ocean. For more information on Newport Beach Short Sales please contact any of our Newport Beach Real Estate agents today at 949-444-1901 to walk you through the short sale process.