Bahamas home mortage problems? There's an option.

When a homeowner repeatedly defaults on their mortgage in the Bahamas, they face the option of foreclosure. Foreclosure can be devastating, both emotionally and financially, especially in small communities found in the Bahamas.
Regrettably, nearly seven out of ten homeowners in the U.S. proceed through foreclosure without ever listing their home for sale. Although we do not have local statistics, we can assume the pattern is similar here. This is due largely to perceived myths about the process, and we need to put one of these misconceptions to rest.
If you list your home for sale with a licensed Bahamas Real Estate Association agent, the property will be marketed properly with exposure in both the print media and online, provided it's priced at market value.
The seasoned real estate broker will be able to advise you on the steps you need to take to improve the appearance of your property at little cost, thus improving the appearance and obtaining the best possible price for you.
Homeowners believe there is a stigma attached to having their homes appear in foreclosure notices. This can be avoided by listing your home exclusively with a Bahamas Real Estate Association broker.
Homeowners often assume that there's not enough time to close on a sale before the bank advertisers the foreclosure. Not true – Banks are often happy to have a qualified broker involved in the process.
It means the property will receive maximum exposure through proper marketing, both by conventional and electronic means, with a dedicated real Bahamas estate agent working personally with you every step of the way.
If the bank is kept informed and briefed regularly on the marketing plan and response from purchasers, and agrees on the asking price, they are often happy to let the broker go to work for them.
Foreclosure is a lengthy process and there is time to negotiate a better result, but you need to start today.