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.
Everything you would want in a house is right here, and it is on one of the best streets in the Florida Keys. Room for toys in the water or on land, room for a pool, built like a bunker, with lots of entertaining space. Access to one of the only natural beaches in the Upper Keys. Florida Keys Real Estate and Homes For Sale.
Enjoy expansive porches with forever ocean views from this 4BR/4BA home in Historic Tavernier. Custom salt pool & spa by Reef Tropical, pier dockage with boat lift, and sandy beach. Spacious home features plentiful tropical breezes & an abundance of natural light plus updated kitchen, new metal roof, and an elevator. Garage plus large workshop/recreation area. Convenient to all local amenities. Florida Keys Real Estate and Homes For Sale.
THIS BEAUTIFUL TWO STORY HOME SITS AT THE END OF A CANAL CUL-DE-SAC WITH EASY ACCESS TO THE OCEAN, ABOUT 140 FEET OF DOCK WITH A LIFT AND TWO DAVITS. THE TOTAL AREA UNDER AC IS ABOUT 3,140 SF THE LOT IS 15,025 SF. IT IS TRUELY A BOATER'S PARADISE. OWNER FINANCING AVAILABLE. Florida Keys Real Estate and Homes For Sale.
Large and Private Estate Located At The End Of A Private Rd. Consists of Main Ground Level House, Decks and Walk Ways, CBS Ground Level Cottage, Guest House with storage & Laundry Room, Pool & Bath House, Horse Stables and lots of Land With Natural Keys Landscape. 2 Canal Lots on Open Water w. Vested Rights Permits and Plot #5 & man made beach area. Sunset Views. See Document and Supplement Tab. Florida Keys Real Estate and Homes For Sale.
ULTIMATE PRIVACY! 425 ft of ocean frontage with 2.3 acres of land! Magnificent panoramic ocean views! Gorgeous home has spacious living room, great room, 2 large bedroom suites, plus an enormous master suite, tiled throughout, large maple and granite kitchen, elevator ready, 8 ft doors, 5 spectacular open porches with forever ocean views, 2 large carports and enclosed storage. Fully furnished! Florida Keys Real Estate and Homes For Sale.
: Luxury single family home in beautiful Key Colony Beach, East Facing 3br-2ba, 2 car garage, custom built Aultman home. Storm resistant windows, flat tile roof, beautiful tile floors, custom kitchen & master bath. Built in 2003 w/living area of 1,927 sq. ft. Extra high ceiling w/full crown molding. 50' wood dock w/concrete poles + 15,000 lb. brand new boat lift. READY FOR YOUR RETIREMENT!! Florida Keys Real Estate and Homes For Sale.
This Port Antigua home has an open floor plan, high ceilings, granite countertops and a wonderful 3rd floor master bedroom suite and porch! Tastefully finished with tile throughout the home, it is ready for a new family to come and enjoy this wonderful neighborhood. A garage on the lower level gives you plenty of storage space for boat stuff and a golf cart! Florida Keys Real Estate and Homes For Sale.
Paradise Found! Enjoy stunning views and fabulous sunsets from this tri-level home on a 7,875sf lot in North Key Largo. Custom built in 1992 with a steel super structure, poured concrete columns and floors and a metal roof from 2009. This home has 3 bedrooms, 2 bathrooms and 2 powder rooms. Spacious living areas with breezy porches and delightful balconies. Florida Keys Real Estate and Homes For Sale.
ADAMS Cut/ WATERWAY :Newer waterfront Builder Custom home with security gate; Large lot 20,000 sq ft. 100 feet of concrete dock. 5 Bed/5 bath; 3 car garage; infinity-edge-pool with waterfall to lower level spa. Metal roof and Impact resist. doors and windows; Master bath has a whirlpool jacuzzi and 2 persons-sized shower; 2 walk-in closets; Cathedral ceiling(his and her) Florida Keys Real Estate and Homes For Sale.
TWO OF EVERYTHING! Sprawling 2 story concrete home in gated cul-de-sac for ultimate privacy over looking native area on Florida Bay, Lower Matecumbe Key. Located on 2 large canalfront lots, water on 2 sides, 2 large boat basins/slips, 2 car enclosed garage & 2 carports! Multi-level 4B/5.5B w/large game room, wetbar, separate guest quarters AND travel lift to haul boats into covered boat house! Florida Keys Real Estate and Homes For Sale.
Lots of peace, privacy, fabulous boating and views at this tranquil 2.65 acre estate on Big Torch Key. Located on a point lot offers you the best of both worlds with gorgeous open water views from your private beach and protected 42' of concrete canal dockage for your boat. The 2 Bedroom 2 Bath home features an open floor plan with 9' ceilings and is highlighted by panoramic sunset views over Florida Keys Real Estate and Homes For Sale.
This unique large parcel in the heart of Islamorada is an outstanding oceanfront property. The original buildings have been lovingly refreshed creating an exquisite beachfront retreat! Plans for observation dock and swim platform have been drawn.Very popular as a vacation rental, appointments for showings are required. Florida Keys Real Estate and Homes For Sale.
Your most discriminating buyers must see this gorgeous home! Situated on a quiet street on beautiful Lower Matecumbe, this home has been professionally decorated. Attention has been paid to every detail. The designer kitchen features granite counter tops, custom cabinetry, stainless steel appliances, an island and a pantry. The home offers two masters with large, in suite bathroom complete Florida Keys Real Estate and Homes For Sale.
Own your personal oasis in this private setting! Newly constructed home, with 8 bedrooms, 8 baths & full laundry room. Kitchen has stainless appliances, custom bar area, and dining areas have seating for 18! Flat screen TV's in all bedrooms, and living area. Guest house is accessed by a connected deck, and consists of 4 bedrooms and 4 full baths & a laundry room. Florida Keys Real Estate and Homes For Sale.
Gorgeous concrete open water pool home in prestigious South Point. This beautiful home features an open floor plan boasting picturesque open water views through sliding walls of glass from all living areas & Master suite. Resort-style 60' lagoon pool surrounded by majestic palms & lots of decking. Dock w/boat lift, elevator & lush designer landscaping. Excellent rental income too! Florida Keys Real Estate and Homes For Sale.
Open ocean views, boat basin, tiki and four homes on 2.86 +/- acre estate in Islamorada, FL. Waterfront 2 bed, 3 bath home with two-car garage and spectacular Atlantic Ocean views, plus three cottages. One side of property is almost an acre of land providing privacy for the homes. Also included is 0.25+/- acre lot with water service - ideal for parking or boat storage. Nearby shopping, restaurants Florida Keys Real Estate and Homes For Sale.
Bayfront home on Blackwater Sound. Unusual private protected boat basin, boat house, and beach area. Quaint and charming old Conch style - old Florida home. Fireplace, wood floors & walls in living room. Great for extended families - 3 living areas. Shared dock. Florida Keys Real Estate and Homes For Sale.
Exquisite Bay front home...being offered partially furnished. This home will take your breath away! Grand foyer, extensive great room & gourmet kitchen. 4 bdrms, 3.5 baths, private master suite, endless views of the Bay. Property completely fenced & gated with extensive dockage and boat lift. Can accommodate a large vessel as well. Private beach, Fire Pit and much more. Downstairs bonus room. Florida Keys Real Estate and Homes For Sale.
Beautiful Breath Taking Views! Next to Tavernier Creek with 85ft of Concrete dock with davits. Concrete roof And an inground pool with heating system. 6 Bed & 6 Bath Home Minutes from the bay & Immediate ocean access. House is turn key, Fully furnished by interior decorator. Florida Keys Real Estate and Homes For Sale.
One of the most beautiful homes in the Florida Keys! Bayfront, gated estate home with protected deep water dockage, heated pool, sunsets, 2 garages, koi pond, exquisite custom design inside and out. 4 bedrooms, 3 and a half baths, elevator, fireplace, 1200 bottle capacity wine cellar, summer kitchen with dumb waiter, cathedral ceilings, fabulous master suite, separate guest wing, veranda... Florida Keys Real Estate and Homes For Sale.
BEAUTIFUL SECLUDED PARADISE ON OVER 2 ACRES. Gated concrete CBS home close to Port Largo. Spacious living area, huge kitchen and amazing balconies. 3 bd/2.5ba with master suite on the third floor. Deep Water Boat slip #23 at Kawama is included which accommodates up to a 30' boat. Florida Keys Real Estate and Homes For Sale.
Elegant Canal/Pool Home in Prestigious Port Largo! Completely remodeled in 2007! This very well laid out home offers a total of 6 bedrooms & 6 full baths, (4 private master suites, 2 additional bedrooms & 2 additional baths). Expanded living areas, large open kitchen & dining area. Marble floors throughout, marble baths, large elegant kitchen with granite counter tops. Florida Keys Real Estate and Homes For Sale.
Magnificent custom built home in desirable neighborhood with incredible bay views from roof top deck! This home has a great floor plan featuring Anderson windows, bonus media room or den, accordian and electric shutters, 83 feet of concrete dock, davits and lush landscaping for privacy. The spacious gourmet kitchen offers dual pantries and bay window booth. A true chef's dream. The Master Bedroom Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.