About Newport Beach's Newport Heights

• There are 43 Newport Heights homes now listed for resale - average list price of $1,041,584 - including single family and condo homes
• 7 of the listed homes are short sales (16 percent of market)
• If Newport Heights average resale price moderates down this year, that will probably be from increasing number of short sales and REOs.
• Newport Heights is similiar to other Orange County areas and will have distressed homes, REO bank owned and short sales, listed for sale and sold.
• Continued beautiful weather and jobs at Orange County will inspire improved consumer and buyer confidence at Newport Heights and Newport Beach this year.

See link to all Newport Heights single family homes now listed for sale - click here.

$1,875,000 - Newport Heights home - 5 bedrooms and 6 baths - more than 4,000 sf interior size - MLS no. P799811 - IDX link

See LINK TO ALL NEWPORT HEIGHTS single family homes now listed for sale - click here.

Please CONTACT US at 949-854-7747 about listing and sale of Newport Heights homes and real estate.

Source of some information is CRMLS and does not include that for new homes for sale or sold, those sold at trustee auctions after foreclosure, and does include those listed and sold by all agents and brokers.

HARRISON K. LONG – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – ExploreProperties@gmail.com (email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® – also a lawyer licensed by the California State Bar, member #69137.

How Do I Start a National City Bank Short Sale in CA

One of the toughest decisions facing homeowners in Orange County, CA these days is whether or not to do a short sale.

Most homeowners don’t understand the process, but what’s even scarier is that most real estates don’t either. Many agents tend to shy away from short sales because they don’t understand how they work.

#1 – SELECT THE RIGHT AGENT

Like all other professions, real estate agents are not created equally! A National City Bank short sale is a very complicated and arduous type of transaction, and most agents just don’t not where to begin. As a seller, YOU MUST SELECT YOUR AGENT CAREFULLY! Choose an agent that is familiar with National City Bank and who has successfully completed at least a couple of short sales, preferably with multiple lenders. Make sure they know every step of the National City Bank short sale process and have all the tools necessary to meet the demands of the short sale lender. This is CRITICAL and not to be taken lightly. Yes, you may have a friend or family member who is a Realtor, but that doesn’t mean they should be the one handling your National City Bank short sale. Just think about what will happen if something goes wrong, and your home is foreclosed on… now what??

#2 – ASK THE RIGHT QUESTIONS

Most homeowners don’t know what the right questions even are, so here is a short list of things to ask. Again, if your agent can’t answer these quickly and without needing to check, move on .
“How long will this take?”
“What do I need to do while the short sale is progressing?”
“Does it matter if I have 2 DIFFERNENT LENDERS?” – a.k.a. A 1^st Mortgage and a 2^nd Mortgage
“How will this affect my credit?”
“Will I be subject to a deficiency judgment?”
“What are my tax consequences?”
“Does it matter if I have refinanced?”

The agent you select should immediately know the answers to these questions. If they don’t, it’s a likely a sign that they haven’t been involved in the short sale process or worked on a National City Bank Short Sale. So what do you do? Keep interviewing!! It cannot be overstated just how important this is.

#3 – MOVE OUT OR STAY

If you have a true financial hardship, most lenders will not be surprised to find out you’re still living in the property. While there are many reasons to initiate a short sale, financial hardship is generally the most common. When working with buyers, I often show short sale listings, and most of the time, the homeowner still does reside in the property. This is more common than most people think and not something to be embarrassed about. Times are tough right now, and many people are going through the same or very similar situations right here in your neighborhood. This should not be shocking to National City Bank.

#4 – PROVIDING DOCUMENTATION

All short sale lenders will require similar pieces of information, such as bank statements, tax returns, and pay stubs, and National City Bank is no different. Some lenders will require other pieces of information as well. But whatever they are asking for, it IS required. National City Bank will not review the short sale without it, so don’t think you can hide this information from them. Just provide them what they ask for in as timely a manner as possible, and let National City Bank decide whether or not there’s a reason to not approve the short sale.

#5 – CONTRIBUTIONS

The questions I get most often always seem to revolve around seller contributions. This is a complicated answer and not one easily addressed in a blog. As a generally rule of thumb, CASenate Bill SB 458 has made contributions from a seller illegal in an accepted short sale in, but this only addresses short sales in California, not in any other state. For your National City Bank short sale, I suggest following the link above and reading the SB 458 entirely. I would also be happy to meet with you and explain how this works logistically as part of the short sale process.

Loan modifications are usually rejected, and most lenders won’t tell you that up front. Even in the few cases that are approved, there is generally an amount pushed to the back of the loan, NOT FORGIVEN, just postponed. Most of the time, you will still have to repay your entire loan amount, just in a re-structured manner.

Foreclosures and Deed in Lieu of Foreclosure both carry serious consequences and should be avoided at all costs. Short sales are your best option when dealing with a financial hardship, and even with certain other hardships relating to your home. But make sure your agent knows how to properly navigate you through the process and has experience and success with National City Bank Short Sales in Orange County, Los Angeles County, and Riverside County, CA.

Newport Beach Real Estate News - Newport Heights Homes

Newport Heights encompasses the area between 15th Street and Pacific Coast Highway and from just West of Superior Avenue all the way to Dover Drive. It is located conveniently near John Wayne Airport, severa freeways including the 405, the 73 and the 55.

It encompasses the area around Newport Harbor High School and that around Hoag Hospital. Many of the homes are fortunate to have lovely views of the ocean, the bay and Catalina Island.

Newport Heights is in the Newport Mesa Unified School District and feeds to different elementary schools including Newport Elementary and Newport Heights Elementary. The junion high is Horace Ensign Middle School, and the high school is Newport Harbor High School. Newport Heights is located near a variety of environmental, recreational, cultural and shopping opportunities.

The Back Bay is a nature preserve; Catalina Island is just a short catamaran ride away on the Catalina Flyer; the Balboa Fun Zone features a ferris wheel and other amusements as well as shopping and restaurants. Shopping at nearby Fashion Island is an experience in itself, and nearby Costa Mesa includes a world renowned theatre and music complex.

Below is the current Newport Heights Real Estate News:

Newport Heights homes have moved towards a sellers' market over the last 3 months with more sales over the last three months than over the last year.

If you would like to sell or a buy a Newport Heights home, please contact Christine Donovan at 714-319-9751.

Real Estate Market reports for other Orange County areas:

Central Costa Mesa Homes

Costa Mesa Homes

Mesa Verde Costa Mesa Real Estate Report

Westside Costa Mesa Homes

Eastside Costa Mesa Homes

South Coast Metro Costa Mesa Homes

Huntington Beach Real Estate News

Newport Beach Homes

Fountain Valley Real Estate News

Balboa Peninsula Real Estate Report

Newport Heights Real Estate News

Lido Isle Real Estate News

Balboa Island Real Estate News

Versailles Real Estate News

Newport Shores Real Estate News

Newport Terrace Homes

Corona Del Mar Homes

Villa Balboa Real Estate News

Dover Shores Real Estate News

Newport Crest Real Estate News

Glen Mar Real Estate News

Please click Newport Heights homes to see homes currently for sale here. For more information, please visit Newport Beach real estate.

For more information on Newport Beach homes or the value of a particular home please visit Newport Beach home values

Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me!

Originally published at Newport Heights Homes.

Newport Beach Real Estate News - Newport Heights Homes

Newport Heights encompasses the area between 15th Street and Pacific Coast Highway and from just West of Superior Avenue all the way to Dover Drive. It is located conveniently near John Wayne Airport, severa freeways including the 405, the 73 and the 55.

It encompasses the area around Newport Harbor High School and that around Hoag Hospital. Many of the homes are fortunate to have lovely views of the ocean, the bay and Catalina Island.

Newport Heights is in the Newport Mesa Unified School District and feeds to different elementary schools including Newport Elementary and Newport Heights Elementary. The junion high is Horace Ensign Middle School, and the high school is Newport Harbor High School. Newport Heights is located near a variety of environmental, recreational, cultural and shopping opportunities.

The Back Bay is a nature preserve; Catalina Island is just a short catamaran ride away on the Catalina Flyer; the Balboa Fun Zone features a ferris wheel and other amusements as well as shopping and restaurants. Shopping at nearby Fashion Island is an experience in itself, and nearby Costa Mesa includes a world renowned theatre and music complex.

Below is the current Newport Heights Real Estate News:

Newport Heights is trending slightly towards a buyers' market, but is right on the cusp of being a balanced market, neither buyers' nor seller's market.

If you would like to sell or a buy a Newport Heights home, please contact Christine Donovan at 714-319-9751.

Real Estate Market reports for other Orange County areas:

Central Costa Mesa Homes

Costa Mesa Homes

Mesa Verde Costa Mesa Real Estate Report

Westside Costa Mesa Homes

Eastside Costa Mesa Homes

South Coast Metro Costa Mesa Homes

Huntington Beach Real Estate News

Newport Beach Real Estate News

Fountain Valley Real Estate News

Balboa Peninsula Real Estate Report

Newport Heights Real Estate News

Lido Isle Real Estate News

Balboa Island Real Estate News

Villa Balboa Real Estate News

Versailles Real Estate News

Dover Shores Real Estate News

Newport Crest Homes

Newport Shores Real Estate News

Newport Terrace Homes.

Corona Del Mar Homes

Glen Mar Real Estate News

Please click Newport Heights homes to see homes currently for sale here. For more information, please visit Newport Beach real estate.

For more information on Newport Beach homes or the value of a particular home please visit Newport Beach home values

Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me!

Originally published at Newport Heights Homes.

Newport Beach Real Estate News - Newport Heights Homes 

Newport Heights encompasses the area between 15th Street and Pacific Coast Highway and from just West of Superior Avenue all the way to Dover Drive. It is located conveniently near John Wayne Airport, severa freeways including the 405, the 73 and the 55.

It encompasses the area around Newport Harbor High School and that around Hoag Hospital. Many of the homes are fortunate to have lovely views of the ocean, the bay and Catalina Island.

Newport Heights is in the Newport Mesa Unified School District and feeds to different elementary schools including Newport Elementary and Newport Heights Elementary. The junion high is Horace Ensign Middle School, and the high school is Newport Harbor High School. Newport Heights is located near a variety of environmental, recreational, cultural and shopping opportunities.

The Back Bay is a nature preserve; Catalina Island is just a short catamaran ride away on the Catalina Flyer; the Balboa Fun Zone features a ferris wheel and other amusements as well as shopping and restaurants. Shopping at nearby Fashion Island is an experience in itself, and nearby Costa Mesa includes a world renowned theatre and music complex.

Below is the current Newport Heights Real Estate News:

 

 

 

 

Newport Heights is trending slightly towards a buyers' market, but is right on the cusp of being a balanced market, neither buyers' nor seller's market.

If you would like to sell or a buy a Newport Heights home, please contact Christine Donovan at 714-319-9751.

Real Estate Market reports for other Orange County areas:

Central Costa Mesa Homes

Costa Mesa Homes

Mesa Verde Costa Mesa Real Estate Report

Westside Costa Mesa Homes

Eastside Costa Mesa Homes

South Coast Metro Costa Mesa Homes

Huntington Beach Real Estate News

Newport Beach Real Estate News

Fountain Valley Real Estate News

Balboa Peninsula Real Estate Report

Newport Heights Real Estate News

Lido Isle Real Estate News

Balboa Island Real Estate News

Villa Balboa Real Estate News

Versailles Real Estate News

Dover Shores Real Estate News

Newport Crest Homes

Newport Shores Real Estate News

Newport Terrace Homes.

Corona Del Mar Homes

Glen Mar Real Estate News

 

 Please click Newport Heights homes to see homes currently for sale here. For more information, please visit Newport Beach real estate.

For more information on Newport Beach homes or the value of a particular home please visit Newport Beach home values

Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me!

Originally published at Newport Heights Homes.