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.
If you are seeking PRIVACY, then this is the property you have been waiting for!Spacious SOLID CONCRETE, including roof, OPEN WATER home offering beautiful water views.OVERSIZED LOT allows space for parking and all your toys. Expansive back yard is perfect space for a pool & entertaining. Third floor master suite offers wonderful water views! You will be livin the FL Keys Lifestyle in this home! Florida Keys Real Estate and Homes For Sale.
Privacy abounds in this beautiful waterfront home with tranquil views sitting on almost a half acre lot! Offering over 3700 square feet of living area in a serene setting with gorgeous views overlooking a wide canal and the native Eagle reserve. The open floor plan features 4BR/ 4.5BA, an office/den, Dade County Pine cathedral ceilings, and an elevator. The beautiful landscaped outdoor area Florida Keys Real Estate and Homes For Sale.
Stunning one of a kind home perfectly situated to take in the panoramic views of the Florida Bay. This superior home has been meticulously planned and custom built with attention to every fine detail. The magnificent foyer greets you as you enter this bright and airy custom home leading to the spacious open floor plan that includes a large game room, kitchenette and outdoor terraces to take in Florida Keys Real Estate and Homes For Sale.
Prime location in the heart of Islamorada. Oceanfront 4 bedroom, 3 bath completed residence with 7 additional building rights on this 2.65 acre property. Pool, spa, dock and tennis court. Create your own subdivision or family compound. Privacy and open water Atlantic Ocean views. Walk or bike to restaurants, art galleries, shopping. World-class sport fishing, diving, kayaking, paddle boarding. Florida Keys Real Estate and Homes For Sale.
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.
MAKE YOUR LIFESTYLE CHANGE AT PINEAPPLE PLANTATION! Are you ready for year round sunsets and panoramic bay views from this elegant custom built home? Start by entering this gated estate, meander through the extraordinary grand entrance leading you to an expansive great room with soaring ceilings and over 8,000 sq. ft. of living space offering chefs kitchen, media room Florida Keys Real Estate and Homes For Sale.
Paradise awaits you on this wide harbor w/ protected dockage & privacy. The elevated pool is surrounded by the expansive living areas & master suite. Upstairs is the large kitchen w/ brand new Bosch SS appliances, 2 bed, 2 baths, laundry & spacious living & dining areas. Accessed w/ interior stairs, downstairs has a permitted bath & enclosure used as a 3rd bedroom. Garage & carport w/ new doors. Florida Keys Real Estate and Homes For Sale.
Situated on the corner of the spectacular Atlantic Ocean and the tranquil waters of Tavernier Creek, this private gated point lot property boasts vast open water views while offering expansive protected dockage with 2 boat lifts. The main house has an elevator (3 floors) or stairs leading to the first living level with a centrally located island kitchen, dining area, office and great room with Florida Keys Real Estate and Homes For Sale.
MADEIRA BAY SUNSETS IN ISLAMORADA! Directly situated on Florida Bay, Upper Matecumbe Key in gated enclave offering deep water dockage & common pool for all 8 residences. Custom 4B/3.5B residence, panoramic open water views from all 3 levels, multiple porches to watch year round sunsets, 3rd level master suite, above flood ground level guest quarters, 2 car garage & 16 ft wide dedicated boat slip! Florida Keys Real Estate and Homes For Sale.
Best Boating in the Keys! Desireable Venetian Shores 4 bed / 3 bath home with immediate ocean and bay access via Snake Creek from a 70-foot concrete dock with davits on a 100-foot wide canal. This solid-built concrete home offers a 3/2 upstairs with open kitchen, Florida room, and gorgeous porch. Roof Garden for entertainment.Legal downstairs AptOwner/Agent Florida Keys Real Estate and Homes For Sale.
Prestigious Venetian Shores home with 70 feet of concrete dockage & incredible boating access to the Ocean or Bay via Snake Creek. This spacious 5 bedroom, 4 bath home is well maintained & move-in ready, with granite countertops, SS appliances, laundry on both levels, above flood downstairs living area with kitchenette, over 3700 sq ft of living space & a wonderful floor plan...a True MUST SEE! Florida Keys Real Estate and Homes For Sale.
A sought-after end unit with grand views of the Florida Bay and spectacular sunsets, in the private gated community of Tarpon Flats in the heart of Islamorada. This is a fully furnished 3 bedroom + loft, 3 bath home on 2 levels over lots of covered parking and storage space. A spacious and private master suite with bay front balcony and extraordinary views occupies the top floor. Florida Keys Real Estate and Homes For Sale.
Views of the ocean from the living room, dining room, master suite and guest room! Multi-level living for privacy with Third Floor Master bedroom, ensuite bath, and, walk-in closet. The main living area contains two additional guest bedrooms and shared bath. Easily convert one to an office and you could have it all! Florida Keys Real Estate and Homes For Sale.
Unique Islamorada Waterfront Home in Desirable Venetian Shores! This home features beautiful gourmet chef kitchen, soaring ceilings, master suite w/balcony & lovely water views, 3 bedrooms plus family room w/closet, 3 full baths, lots of privacy with secluded view of sanctuary! Gin clear water, offers a beautifulaquarium like setting, 70 of dock, room for your Yacht, instant access to Ocean/Bay! Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
BOATERS PARADISE ON TAVERNIER CREEK! This like-new contemporary pool home situated on an oversized lot offers 80 of waterfront and deep-water dockage for up to 5 boats plus 2 lifts. 4bd/4.5ba all concrete, metal roof, impact windows and doors, huge gourmet kitchen, large porch off great room and master suite overlooking Tavernier Creek.Outdoor kitchen and entertaining area to enjoy the FL Keys! Florida Keys Real Estate and Homes For Sale.
COME HOME TO TRUTLE KEY. THIS OFFERING INCLUDES 2.65 BEAUTIFULLY LANDSCAPED ACRES WITH 4 ADORABLE COTTAGES, AN OCEANFRONT POOL WITH 2 GATED WINDING SAND DRIVEWAYS AND A LARGE CONSERVATION PARCEL FOR PRIVACY. THIS PROPERTY OFFERS AN AMAZING OPPORTUNITY! ADJACENT 2.85 ACRE PARCEL TO THE SOUTH IS ALSO OFFERED SEPARATELY OR TOGETHER. Florida Keys Real Estate and Homes For Sale.
GORGEOUS OPEN WATER VIEWS AND SUNSETS from this beautiful waterfront pool home in prestigious Duck Key! Expansive living area offered in this 3bd/3ba home, large master suite on third level. Magnificent porch to truly take in all the relaxing oceanviews. Electric gates, privacy wall, great dockage with boat lift. Quick ocean/bay access. This is your dream home in the fabulous Florida Keys! Florida Keys Real Estate and Homes For Sale.
Built by the owner with only the finest and most luxurious appointments, this water-front home boasts 130 ft of dockage with open water views. As you enter this exquisitely designed home, you are greeted with an expansive living area. Also on the level is the guest half bath, the kitchen with custom cabinets and stainless appliances and the dining area (which overlooks the pool area. On the next Florida Keys Real Estate and Homes For Sale.
120 of frontage on Tavernier Creek! This incredible home has over 3100 sq ft of living space on 2 floors. Legal downstairs w/ family room, 1 Bed/1 Bath. Upstairs features open kitchen, dining & living area; Master suite plus 2 more bedrooms & bath. Large, screened porch across the width of the 2nd level with water and mangrove views. 1 1/2 lots, fenced with pool, tiki bar & fire pit! A Must See! Florida Keys Real Estate and Homes For Sale.
Exquisite 4/4.5 waterfront home offering many luxuries such as 10k gallon pool resurfaced this year, Elevator, Fireplace, Two Master Suites, Garage, Private roof top with breath taking views and also has both a separate deep water slip and a 40 concrete dock on a canal with a 15,000 lb. boat lift and 3200 lb. davit for a small boat/PWC. Second floor addition completed 2006. Many new appliances. Florida Keys Real Estate and Homes For Sale.
A multitude of opportunities arise at this oceanfront property. Existing 2bedroom/2bath home has been adoringly restored with beautiful new pool, spa and deck overlooking the vast green lawn, boat basin, peninsula and sparkling ocean beyond. The Village of Islamorada recognizes 4 single family home building rights and 3,255 square feet of commercial building rights attached to this property. Florida Keys Real Estate and Homes For Sale.
Without exception, this may be one of the most unique luxury waterfront private enclaves in the Keys. Interconnected living quarters, extraordinary design, decor, construction, location, privacy, dockage, water depth, wind resistance, luxury, storage, multiple garages, beach, camera security, gated entry. The discerning buyer who can have anything they want with the privacy of a pocket estate. Florida Keys Real Estate and Homes For Sale.