Short Sales are becoming the new way to find great deals in the Newport Beach Real Estate marketplace. As more and more sellers decide to short pay their mortgage and walk away from their homes, Newport Beach home buyers have a unique opportunity to capture these under market value homes. If you are familiar with real estate in Newport Beach then you will know the One Ford Road community. Known for being one the most exclusive communities in Newport Beach, One Ford Road is home to several communities located inside this guard gated community. Currently there are four homes listed for sale in One Ford Road with a great short sale listing at $1,410,000. Short sales have a two step approval process; one approval and acceptance of the offer from the owner of the property and another acceptance from the bank. The key to short sales is to be the first offer in to the bank and patience. If you have been thinking about buying a home in the One Ford Road community, buying a short sale may make sense to you. For more information on Newport Beach short sales please contact us today at 949-444-1901. We specialize in short sale properties & Newport Beach Real Estate.