Lenders can foreclose Florida Keys homes for other reasons, but the most common reason lenders file a notice of default is when a borrower is at least two payments behind.
If the Fl Keys home owner does not bring the loan current, the lender will take the property away from the owner. In the final step of the foreclosure process, the lender tries to auction the property at a public sale.
Not all Florida Keys foreclosures that fall into foreclosure go to public sale because owners have the right to make up back payments up to a point, the time which varies from state to state. Also the property can be bought in pre-foreclosure during the short sale process.
Real estate investors and home buyers see profit in buying foreclosures because they can often buy the property for the amount owed, picking up the home owner's equity for free.
Unlike a foreclosure, investors typically buy the home for even less because investors are not paying off the existing loan nor making up the back payments. Investors are striking a deal with the existing lender to take less than what the lender has coming to avoid dealing with a foreclosure.
It's a myth that lenders are not going to make a deal with an investor unless the seller has fallen behind on the seller's obligation to make timely mortgage payments. Sellers don't need to be in default for a short sale to occur. For a buyer who wants to occupy the home, buying a Florida Keys short sale makes financial sense.
Buying a Florida Keys REO is similar to buying a Florida Keys short sale except the property is already owned by the lender. The property was acquired by the lender through a foreclosure action. Often lenders will sell repossessed homes for less than the past loan balance. Bank-owned properties are called REOs, meaning real estate owned by the lender. Banks end up owning the property when nobody at the public auction bid enough to cover the amount owed against the property. Florida Keys REO homes are often considered the best way to buy a distressed property because the seller is already out of the picture. It's just the Florida Keys investor, the investor's agent, the bank and the real estate agent who are negotiating the transaction. Some Florida Keys Bank Owned REOs can be purchased directly from the lender although it is highly recommended to buy any real estate property through a Florida Keys real estate agent to protect the buyers interest and negotiate the best possible price.
Sunsets galore and from every floor. One of a kind bay-front estate with lots of privacy, sandy beach, great dockage and 2 of everything (2 master suites, 2 living areas and more). This open water home built in 2002 boasts 6 bedrooms and 2 separate living areas with room for 2 families and more. The property can be used in its entirety or be used as a vacation rental; the possibilities are endless. Its great location puts it close to Miami for an easy commute. Investors beware. Florida Keys Real Estate and Homes For Sale.
Craig Cay Island Estate - Construction has commenced! A unique opportunity for a buyer to participate in this exciting project, affording a buyer an option to choose their interior finishes, based on their personal preferences, within a specified budget. When completed, this magnificent, ground-level & sprawling, 9,737 sq. ft. home will be an exceptional masterpiece, with 6 bedrooms, 6 full baths, 2 half baths, exercise room, full entertainment room (above the dining room), glass solarium, tackle room, 3 car garage, captains quarters (above the garage) overlooking the 300 of deep-water, protected boat basin with 106 of concrete dock and a custom, a summer kitchen with the appearance of being set inside the 222 long pool which will wrap around both sides of the house, facing the bay. Florida Keys Real Estate and Homes For Sale.
A Sailors Paradise! This stunning direct bayfront pool home offers you beautiful open water views, gorgeous sunsets and protected deep water boat dockage for multiple boats. Current owner has a 55 x 26 Catamaran Sailboat and a 23 Bay Boat. This exquisite 3 story home has 3 Bedrooms/2.5 Bathrooms upstairs & a remodeled 1/1 ground floor apartment for visiting friends & family. This home has soaring wood ceilings & direct bay views from all of the large bedrooms. The exterior features include a rare covered boat house slip with lift, 71 seawall, & a new pool with swim jet, heater & cooling system. Other features include a tall carport for a large RV, a Workshop with A/C, gated electric entrance, & a walled lot with tropical landscaping. New A/Cs, hot water heater & appliances. Florida Keys Real Estate and Homes For Sale.
This home is truly a private gated retreat nestled by impressive lush landscape with mature Palm Trees and Tropical plants for privacy , Infinity Edge Pool with decorative finishes & night lighting overlooking Lake San Pedro and Amazing Sunsets! Old Chicago brick cover patio area with built-in bar by the pool perfect for outdoor entertainment. Not one but two boat lifts enough for all your water toys plus fish cleaning station, less then 2 minutes to the Open Bay and immediate access to the ocean through Tavernier Creek Chanel. Also downstairs is a huge beautiful air conditioned legal above flood level multi purpose room with full bath and Wet Bar. Perfect for man cave, entertainment / family room or 5th bedroom. Come up to the main level entrance with open Living room / Gourmet Kitchen/ Florida Keys Real Estate and Homes For Sale.
Jaw-dropping views of the Atlantic Ocean are perfectly framed by the pitched concrete roof of this custom-built home on Plantation Shores in Tavernier. The raised, concrete block structure (CBS) home was done by a premier builder. The architecturally designed great room and kitchen with an island open onto a porch featuring serene panoramic ocean views, and breezes. Three bedrooms with en suite bathrooms complete the homes interior. Boaters will enjoy the propertys protected oceanside dockage without having to walk a long pier, and 95 feet of deep water. An excellent location with direct bay access through Tavernier Creek or Snake Creek. Close to fine restaurants and within walking distance to schools. Florida Keys Real Estate and Homes For Sale.
Ocean front living at its finest! This custom built concrete home was creatively designed to showcase the breathtaking panoramic ocean view. The open concept floor plan on the main floor is great for entertaining; you can choose to dine alfresco on the large veranda or in the ocean view dining room. The main floor also boasts a chefs kitchen, 2 bedrooms and 1 bath. On the third floor you will find a private oasis! The expansive master suite is equipped with an oceanfront whirlpool tub perfect for a relaxing evening. Step into the backyard where you will find the perfect spot to launch your kayak and paddleboard as well as a new 1,020 sq ft composite dock and 12,000 lb boatlift; everything you need to enjoy the Florida Keys lifestyle! Florida Keys Real Estate and Homes For Sale.
ENTICE YOUR SENSES with stunning unobstructed Atlantic Ocean views right out your backdoor of this inviting 2bd/2ba POOL home with DOCKAGE and a large peninsula! Nearly one acre of highway to Atlantic Ocean parcel will take your breath away. Comfortable open living floor plan that opens up to a spacious pool deck, perfect for entertaining. WEEKLY RENTALS allowed. Excellent rental history available. Enjoy immediate offshore fishing, diving and snorkeling or take pleasure in nearby access for backcountry fishing. Also, enjoy nearby waterfront dining by boat or car. This property will allow you to truly enjoy the FL Keys Lifestyle and make memories of a lifetime! Florida Keys Real Estate and Homes For Sale.
ANCHORS AWEIGH - 140 of deep-water, protected, concrete/paved dockage is enjoyed at this serenely secluded property with sunset views. It is rare to find 2 adjoining lots in Venetian Shores with beautiful bay views, and convenient, direct access to Snake Creek. Remodeled in 2005 & designed to take advantage of magnificent views from every level. Downstairs rec room also used as 5th bedroom. Florida Keys Real Estate and Homes For Sale.
Architecturally inspired by Italian Old World charm, this modern Mediterranean oceanfront estate is situated on a peninsula on the Atlantic Ocean in exclusive Ocean Cay, Key Largo. On over 13,000 square feet of oceanfront land, this luxurious, private home features superior concrete block construction, a four-car garage, electric shutters, electric gates, an elevator, five central air conditioning units, and over 5,500 square feet of living space on three levels. Majestic palm trees and grand mahogany doors invite you into this four-bedroom, five-bathroom estate filled with an abundance of natural light. The focal point of the homes main living level is the panoramic views of the Atlantic Ocean through glass doors opening to expansive oceanfront terraces. Florida Keys Real Estate and Homes For Sale.
MAGNIFICENT OCEANFRONT PARCEL WITH JUST UNDER 3 ACRES on Windley Key in Islamorada. This property boasts a huge, IRREPLACEABLE, DEEPWATER boat basin to house and protect many boats PLUS just over 200 Feet direct Atlantic Ocean frontage. Ground Level home offers a fireplace and endless ocean views from the large deck. Catch the endless ocean breezes at the waterfront Tiki. Hut. A rare and unique opportunity. Florida Keys Real Estate and Homes For Sale.
This fabulous Port Antigua home is ready for a new family to enjoy! Vaulted tongue in groove ceilings and clerestory windows in the open living area let in the natural light. Features include travertine floors throughout, 3 Bedrooms and 2 baths on the main living level, separate laundry room/pantry and another bedroom and bath on the ground level. The downstairs is above flood and permitted, making this a large home for guests and extended family to share! The backyard is accented with pavers and leads to the 60 ft. concrete dock with a 20,000 lb. boatlift. The carport and garage give protected storage for golf carts, jet skis, etc. The Port Antigua Homeowners Park offers a beautiful sandy beach with tiki huts and BBQ grills for property owners as well as a boat ramp within the community. Florida Keys Real Estate and Homes For Sale.
Amazing, turn-key investment property with a stellar rental history. The average occupancy is 46 - 50 weeks a year. This impeccably maintained oceanfront residence has a brand new pool and dock. Large double lot perfectly situated so you can enjoy spectacular sunrises daily. The resort-like amenities create the ultimate escape. With four bedrooms, a bonus room, two living rooms and three and half bathrooms, this is the perfect home for entertaining. Sold furnished with custom furnishings, stainless appliance, granite countertops and custom mosaics. Completely turn-key investment property. Please see documents tab for weekly rental rates. Too many upgrades to list, please see documents tab for a more complete list. This home is the ultimate beach vacation home. Florida Keys Real Estate and Homes For Sale.
Luxurious & fully furnished. Beautifully appointed, turn key. Immaculate, pristine & a rare find in the newest 5/Marlin building overlooking the Atlantic Ocean. This sprawling 4/3 condo overlooking the ocean with spectacular sunrise and landscape views is rarely available in the magnificient, Mariners Club in Key Largo, Florida! Resort style, luxury amenities with an on site clubhouse, and conference center. Gorgeous, open concept with marble floors and high end finishes. Pickle ball, fitness center, beach and BBQ area as well as pet friendly. Only 118 homes, small and exclusive. This large family condo is a must see! Easy to show. Owner/agent Florida Keys Real Estate and Homes For Sale.
One Acre Oceanfront Residential Property being sold as is. House & sea-wall suffered major damage from Irma rendering the house currently uninhabitable & most likely is a tear-down. This opportunity provides the building of new construction in a very timely manner - NO WAITING FOR PERMIT. 180 ft. ocean-frontage x 225 deep with deeded road leading to property from the Old Hwy. NO road noise. Buyer to confirm possibilty of dredging the plugged canal side originally used for shallow boat dockage. Seller will credit buyer $50,000 at closing to cover cost to clear site and repair rip-rap sea-wall. Sewer hooked up. Pre-approval letter from the Village Planning Dept. available to replace existing dwelling unit. Florida Keys Real Estate and Homes For Sale.
RARE FIND! ALL OFFERS WELCOME.GORGEOUS!FURNISHED WITH A LARGE OCEANFRONT BOAT SLIP!Rarely available slip NO. 25 is being sold with this property. Stunning property. This large, one story condo comes furnished with a coastal decor and is turn key. You will fall in love with this luxurious property overlooking the rare, private & secured, oceanfront marina. The open water view offers tranquil breezes and magical sunrises. Steps to your boat, the hot tub, and pool!one story condo with a large open concept design with 4 bedrooms & 3 baths! GREAT rental history for investors & a beautiful full time home or get a way for a family. Mandatory refundable at resale equity fee. See HOA fees to include insurance, water & 24/7 security and a capital contribution fee. Florida Keys Real Estate and Homes For Sale.
BIG PRICE REDUCTION!!! Brand New Construction with all the bells and whistles. Waterfront 5/3 with storage, pool. 60 dock with boat lift, plenty of room for all your toys. Direct access to the ocean. Florida Keys Real Estate and Homes For Sale.
Fabulous Port Largo! Contemporary and charming 2-story, canalfront 4b/4b house in great community in Key Largo. Ocean View from the Master Bedroom. Quick and easy access to the ocean. Jacob Center steps away with olympic pool, childrens playground and tennis courts. Getaway to this private, peaceful but vibrant Key Largo community. Enjoy fishing, boating, or just relax in the sunny tropical breezes. Florida Keys Real Estate and Homes For Sale.
Port Largo! Custom Victorian Style Home. New CBS 3b/2.5b, + 1,200 Sq Ft can be 2 extra bedrooms. Total Sq Ft 3460. Huge lot,extra parking Open floor plan. Top of the line SS appliances, gas range and granite counters. Cathedral beamed ceilings. Wrap around Key West style Veranda with views down the canal. Garage has an adjacent additional 800sf air conditioned finished rooms with a full Bathroom. Can be used for guest quarters. Concrete Dock. Walled & Gated with a Courtyard entry. One of a kind Architect Designer home. Near HO Park, boat Ramp & Key Largo Park. Florida Keys Real Estate and Homes For Sale.
NEWER ALL CONCRETE TRI-LEVEL WATERFRONT HOME offering direct OCEAN ACCESS and easy bay access through Tavernier Creek. Concrete dock with boat lift and davits. Spacious 4bd/3ba; 3bd/2ba on second level, master bed/bath on third level plus an elevator. Large open balconies off 2nd and 3rd floors and a roof top deck to enjoy beautiful oceanviews! This home has so much to offer! Florida Keys Real Estate and Homes For Sale.
Through a long winding and manicured driveway off of the Old Highway you will enter this exquisite Seaside Villa located on Plantation Key in Islamorada, FL. Sitting on 2 acres, this Atlantic Ocean facing property has 170ft.of shoreline and sandy beach, a rare find in the Florida Keys. Step up the imperial staircase into the breathtaking great room with commanding views overlooking the ocean featuring 5839 sq ft plus an additional 2387 sq ft on the ground floor for a total of 8,226 sq ft. of grand living space with 3 levels offering 6 bedrooms, 4 bathrooms, and 1 half bath with an additional 1 bedroom en suite, 1 full bath and 1 half bath on ground level. The distinctive features of this home consist of exquisite wood and marble floors, 8 high solid wood doors, ironwork fixtures, imported Florida Keys Real Estate and Homes For Sale.
Overlooking the Atlantic Ocean is this peaceful 2.32-acre gated beachfront estate. Remodeling renovations have started and are waiting for the perfect finishing touches. This home features two bedrooms and an office on the main level with an entire third-level master suite. An oceanfront pool, a boat basin, a tennis court, a large sandy beach area, and a multi-car garage complete this exclusive, private property. Florida Keys Real Estate and Homes For Sale.
Live free. LIVE IN ONE, LET THE OTHERS 3 PAY YOUR MORTAGE Venetian Shores Multi-Family zoned up tp 10 units. 4 Units on a Canal. 70 dockage w Boat Lift, 50 Amp. shore power & fish cleaning station. 50 Tiki-hut. 2 2B/2B Up, & 2, 2B/1B 1,200. Can divide property 2 condo. Tile Floors throughout. Granite Kitchens w SS appliances. Marble Pavers in Back Yard to dock New Roof in 2013, Hardy Plank Concrete Siding exterior finish. hard-wired Fire & Smoke Alarm System. $8,600. income monthly. Florida Keys Real Estate and Homes For Sale.
Sea Garden is located on an impressive landscaped 1.5 acre bayfront parcel sprinkled with orchids and boasts a highly unique bayside coral reef right behind the docks. This completely solar powered home has been built to last and offers over 120 of deep water dockage with 13k boat lift plus kayak/paddleboard ramp and floating dock. Three car garage with upstairs guest house is an added bonus to this already impeccable estate. Watch the bald eagles fly by, the painted sky sunsets and enjoy the natural surrounding beauty of the Florida Keys right from your back porch! Florida Keys Real Estate and Homes For Sale.
ONE OF FEW SNAKE CREEK PROPERTIES! PRESTIGIOUS VENETIAN SHORES is offering the perfect location for the avid boater/fisherman making it the supreme location in Islamorada offering DEEP-WATER DOCKAGE and immediate ocean and bay access with BEAUTIFUL WATERVIEWS! Brand new dock and seawall surrounding a relaxing poolside atmosphere. The interior of this spacious home allows for 4bd/3ba, large living area upstairs and downstairs, rooftop deck to enjoy an even better open water view. Also offered is an elevator and garage. This home is the perfect property to remodel to your own taste and enjoy the FL Keys Lifestyle! Florida Keys Real Estate and Homes For Sale.