You don’t have to be Donald Trump to realize that Newport Beach foreclosures often represent some of the best deals in real estate. The banking business is all about making loans to property owners and collecting mortgage payments, not owning property. So when a bank does have to repossess a property for non-payment of the mortgage, they try to sell it again as soon as possible. The means that this is a good time to keep an eye on the foreclosure activity around you to see what comes up.


