Newport Beach Short Sales For Sale Under $900,000
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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…