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.
Private Bay Front community! Seven Acres. Concrete home with cut in boat slip on deep water canal. 2 car garage. Concrete Roof, Huge kitchen with newer cabinets and granite tops. Davit boat lifts, Huge shade trees. Just north of Tavernier and Hammer Point. Florida Keys Real Estate and Homes For Sale.
Yachtsman's family Dream home!Pristine CBS 5 bedroom Port Largo home. 75 of Ft. of Concrete dock,boat house, davits, deepwater direct ocean access Oversized bedrooms all accomodate king sized beds. Tiled floors, soaring ceilings,large family room with wet bar,Huge kitchen w/ cooktop island. Jenn Aire Stainless appliances, French doors lead to enormous covered lanai.Walled & gated. 1 Hr to MIA. Florida Keys Real Estate and Homes For Sale.
Enter through a grand foyer to this beautiful bayfront residence located just at the entrance to Key Largo. Opening onto panoramic bay views, this estate home includes large entertainment areas, custom finishes and so many special details. This home boasts over 3,500 sq. ft. of living space on 3 levels with a roof-top deck for entertaining. Immediate water access for all boating pleasures. Florida Keys Real Estate and Homes For Sale.
La Casa Sognata- The Dream House! When only the best will do! This immaculate home boasts 5 full suites & 5 baths and is truly one of the most prestigious properties on the Island. This Estate has hosted dignitaries and is now ready for the astute buyer. Nestled behind grandiose sculpted gates is a perfectly manicured Caribbean Estate. Accentuating every attention to detail: from the custom gates Florida Keys Real Estate and Homes For Sale.
Tarpon Point, an exclusive enclave of 12 oceanfront residences. Designed to meet the ultra-high standards of the developers, these exceptional homes allow for the most advanced building techniques to reside in harmony with one of the worlds few remaining untouched and fully protected marine habitats. The spacious four-bedroom, four-bath homes range from2,700 to 3,380 square feet of Florida Keys Real Estate and Homes For Sale.
Ocean views AND dockage! This fabulous home in Treasure Harbor features protected dockage, davits, a gazebo and pool with ocean views. A gourmet kitchen with granite countertops and high end appliances, open concept living area, glass enclosed porch, 1/2 bath, laundry and large master suite complete the upstairs. Downstairs has a second living area, 2 Bed/1 Bath and storage. A Must See! Florida Keys Real Estate and Homes For Sale.
Private Island Oasis. Spectacular private island retreat in the Florida Keys. Located 1 mile from shore and only 25 miles from Key West. Price includes off shore island Melody Key and canal front lot on Summerland Key with dock in place for island access. This property has been totally renovated and upgraded and is completely self-sufficient with state of the art solar power plant Florida Keys Real Estate and Homes For Sale.
Stunning Home with protected dockage on a tranquil lagoon easy access to Bay and Ocean. Custom-designed 5 bedroom, 5 bath home constructed to withstand 155 mph winds...featuring over 100 feet of waterfront, concrete dock, 2 boat lifts, custom pool and spaMarble floors, gorgeous kitchen with granite countertops, top quality appliancesThis superior home has been meticulously planned and Florida Keys Real Estate and Homes For Sale.
Great opportunity to own a bayfront residence with guest quarters in the Heart of Islamorada. Huge bay front lot with bay views.Zoned Village Center provides tremendous opportunity for redevelopment. Main house has 2 bedrooms, 1 bath; open floor plan; screen porch; boat slip and seawall for up to 100ft of dockage. 1/1 Guest house with detached garage. Guest cottage is currently tenant occupied Florida Keys Real Estate and Homes For Sale.
Direct Open Water Ocean front residence with 5 bedrooms 4 baths on Lower Matecumbe in Islamorada. 2 lane lap pool, incredible sandy beach, garage and extra covered parking, elevator, granite kitchen with stainless appliances, vaulted ceiling, formal entrance foyer, tropical grounds, gated entrance, close to all Islamorada has to offer! Call today for appointment! Florida Keys Real Estate and Homes For Sale.
Stunning views from this amazing Oceanfront location. Concrete home with amenities galore. Enter this majestic home through the bronze double front door. Marble,granite and stainless appliances. Overlook the Ocean while relaxing in the pool. Boat lifts, concrete docks,huge boat basin, everything you need to enjoy life in the Keys!Impact glass windows & doors. Gated, fenced, garages. Tackle room. Florida Keys Real Estate and Homes For Sale.
Tropical modern home in Key Largo's most desirable locale - Port Largo. This expansive 5 bedroom 5 bath home offers wide open living areas, a formal dining room, & gourmet granite kitchen. The lower level offers 2 guest suites, wet bar & family room that opens to the heated pool. Enjoy the outdoors under several tiki huts & summer kitchen. 75' of deepwater dockage for immediate ocean access. Florida Keys Real Estate and Homes For Sale.
Island living in town? Semi-private last home on ocean end of canal. Includes approximate 14,000sf adjoining lot with private beach area just a few blocks from Key Largo Fisheries and Pilot House. See the sun both rise and set from your screened-in porch. Hot tub feeds into the swimming pool just above your 50' dock. Elevator, 1 BR apartment downstairs, garage, wow! The best of all worlds! Florida Keys Real Estate and Homes For Sale.
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.
Live the Florida Keys life in style. This stunning oceanfront 5 bed / 4.5 bath home features high end finishes with no expense spared during construction. Enjoy walking out to your boat on the private dock situated directly on the ocean. Watch sunrises from the massive porch which features an infinity edge pool and built in Jacuzzi. House was built w/ gourmet kitchen and impact windows & doors. Florida Keys Real Estate and Homes For Sale.
Breathtaking panoramic ocean views! Direct oceanfront three bedroom, 2 1/2 bath home offers protected deep water dockage, in-ground heated pool for year round fun. Main level has large living area, kitchen, granite counter tops, custom breakfast area, two bedroom and 1 1/2 baths. Upper level is master suite, walk-in closet and private balcony. Pool overlooks the Atlantic. Additional non-conforming Florida Keys Real Estate and Homes For Sale.
Islamorada Venetian Shores luxury waterfront 5BD/5BA with 100' dock and boat lift, custom pool with spa and waterfall, elevator & private master suite on the 3rd floor. Instant big boat access to both the ocean and bay from 100' wide, deep canal. Spacious home offers over 5,000 sf including porches, separate guest quarters and garage. Security system, brick drive, impact glass, landscaping & more! Florida Keys Real Estate and Homes For Sale.
BAYFRONT GEM-- Pool home in Buccaneer Point Estates. Private dock with ramp & dock. Bay views with access to Ocean. Metal roof, bamboo flooring, granite counters, stainless steel appliances & marble in baths.Pool has a spill over spa at the water's edge. Florida Keys Real Estate and Homes For Sale.
Tarpon Point, an exclusive enclave of 12 oceanfrontresidences. Designed to meet the ultra-high standardsof the developers, these exceptional homes allow forthe most advanced building techniques to reside inharmony with one of the worlds few remaininguntouched and fully protected marine habitats. Thespacious four-bedroom, four-bath homes range from2,700 to 3,380 square feet of Florida Keys Real Estate and Homes For Sale.
This brand new contemporary modern and luxurious canal front home built of concrete block structure, concrete roof, impact resistant windows, and garage is located in Key Largo, the first and northernmost of the Florida Keys, is an hour's drive from South Florida's two major airports, and a world away. This 3 bedroom 2 1/2 bathroom home features a bold contemporary architecture with large Florida Keys Real Estate and Homes For Sale.
End of Season Price Reduction! Located on the Atlantic Ocean in The Heart of Islamorada situated just above the beach for enjoying spectacular sunrises as each day begins. Gated Estate located on the quiet side of the Island .... the Old Highway. Main House features three bedrooms, three baths and expansive waterside patio surrounding the pool, tiki bar, breezy gazebo, and dock. Florida Keys Real Estate and Homes For Sale.
From the private picturesque setting, this 6.41 acre bay front estate offers over 12,400 square feet of living space including a main residence and two guest cottages. This estate features charming Key West style architecture, intimate garden courtyards, balconies and spacious patios overlooking a bay front pool/spa with cabana... Florida Keys Real Estate and Homes For Sale.
GREAT LOT!- Private, quiet 3 bedroom 2 bath CBS home tucked away in the trees. Garage with room for storage. Master has its own private bath and water views. Outdoor terrace in back lets you enjoy the evenings relaxing or entertaining. Back yard has a lot of space for pool and still plenty of room to store your water toys. Parking is never an issue. Florida Keys Real Estate and Homes For Sale.