If you are one of the millions of Daytona Beach area homeowners who has fallen behind on your mortgage payments and is being threatened with foreclosure, then it is imperative that you read this article. You have undoubtedly received a barrage of mailings from all over the country offering to help you out of your current financial situation. Many people are in their situation through no fault of their own and truly need help and guidance. Unfortunately, most of the advertisements you will receive are actually people trying to profit off your hard times, especially if they are not Daytona Beach real estate specialists. The team at Waverly Property Group, located in Daytona Beach Shores is here to work with you and make sure you know all your options before you sign or do anything. Believe it or not, you do have options, The most important thing to remember is don’t sign anything without a Daytona Beach area professional reviewing the documents.

Remember what your mother always told you - if it sounds too good to be true, then it probably is.

So what are your options? Well the number one option is to sell your home. Only an experienced realtor, specializing in your area, Daytona Beach, New Smyrna Beach, Ponce Inlet, etc. like Ramara Garrett of Waverly Property Group can give you an honest and knowledgeable opinion of the market where your home is located and advise you on a realistic sale price. Ramara Garrett can work with the bank or lending institution to try and sell the house for maximum profit, in this current economy and in the Daytona Beach real estate market. If you have built up equity in the property then you will be able to salvage your credit, pay off the mortgage and have some money to start rebuilding with.

Another option may be to sell your home in a short sale. In a nutshell, a short sale allows you to sell the home for less than what you owe on the mortgage. The experts at Waverly Property understand short sales, PJ Warner of Waverly Property Group is a Ponce Inlet short sale specialist, closing 3 within the last 3 months. Clearly the lender must agree to the short sale. The advantage to you, the homeowner is that you will not have a foreclosure on your credit. While the lender may be accepting less than what is owed, they are also saving the time and expense of a foreclosure proceeding. Along with these options, there may be other options available to you short of a full-blown foreclosure proceeding. The most important thing to remember, says Ramara Garrett of Waverly Property Group, is don’t fall prey to someone trying to profit off your situation. The team at Waverly Property Group are specialists in Daytona Beach real estate and can help to analyze your situation and determine which route is the best way for you to take to navigate back to a better financial future.

Related posts:

1. Buy Now Daytona Beach Real Estate
2. Daytona Beachside Condos for Sale