It seems like most Laguna Beach home buyers are looking for two things: ocean view homes that are listed a great price. Most likely these "great deals" are listed as short sales or foreclosure homes. A newly listed short sale listing has come on the market in the Portafina community with stunning ocean views at a great price of $1,189,000. We have seen two new short sale homes come on the market this week as 61 of 405 listings are distressed sales in Laguna Beach, California. What this means to most Laguna Beach home buyers is a great opportunity to seize on these distressed properties. These hardship sellers are now turning to short sale their homes for a quick sale. If you have been pre-qualified with a lender and are ready to buy now is a great time. We have never seen so many distressed come on the market at one time in Laguna Beach. Many home buyers don't understand the short sale process and the pro's and con's that are associated with short sales. We have dedicated short sale agents that can walk you through the entire process from start to finish. For more information on these upside down homes for sale please contact us today at 949-355-1622.