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.
PLENTY OF ROOM FOR YOUR YATCH WITH 140FT. OF DOCKAGE! This ultra modern home with exceptional architecture features a gorgeous open floor plan with expansive windows on all levels, beautiful open kitchen with Bosh & Sub Zero stainless steel appliances. The first level includes a large open room/bedroom, full bathroom & a laundry room. The 2nd level features an open kitchen & great room with a powder room and a large waterfront master suite. The 3rd level has a bedroom/office & a full bathroom including an outdoor bar overlooking the pristine waterway. Located on 2 lots with 140ft. of dockage with 2 boat lifts, a cut in boat slip, and 2 car garage with a large tackle room. Located in beautiful Venetian Shores with immediate bay & ocean access. This home truly has it all! Florida Keys Real Estate and Homes For Sale.
This Port Antigua home has an open floor plan, high ceilings, granite counter tops and a wonderful layout! Tastefully finished, it is ready for a new family to enjoy this wonderful neighborhood. Downstairs is above flood and permitted, making this a large home for guests and extended family to share! Florida Keys Real Estate and Homes For Sale.
Splash into this Island Tropical Pool home - Located in exclusive Port Largo subdivision with deep water ocean access. Large outdoor entertainment area with your very own BIG TIKI BAR to enjoy backyard getaways. Concrete newer home is gated with paved driveway, grand foyer entrance & double carport for several cars. Total of 4 bedrooms 4 bath consists of 3/2 upstairs with granite counter tops in kitchen overlooking pool & Canal. Spacious 1/1 on lower level with wet bar and its own separate entrance. Convenient outdoor restroom in front of pool and spa, Storage room w/2nd set of washer & dryer, RV Hookup. 16,500 Lb boat lift on 75 ft concrete dock. New 5 ton AC installed recently. Separate 2.5 ton ac downstairs. Florida Keys Real Estate and Homes For Sale.
Oceanfront Estate with Deep Water Dockage. Rare opportunity to own or redevelop! One of the few private estate parcels in Islamorada with 400+ ft. of waterfront on 4.3 acres of upland and some of the deepest oceanfront dockage in the Keys. Winding driveway leads through tropical gardens to the 1934 settlers beach home which is now an updated 3/3 with relaxing Old Florida feel & open ocean views. Zoning allows for weekly vacation rentals. Truly private with no neighbors in sight until the end of the dock. You must experience this property to appreciate the hush of the palms and the historic, peaceful old island magic. Call to arrange a private showing. 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 office on main level with an entire 3rd level master suite. Oceanfront pool, boat basin, tennis court and a multi-car garage completes this exclusive private property. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
2018 CBS 3 Story 4Bd/4.5Ba canal home in Islamorada. Easy Ocean access Via nearby Tavernier Creek or Snake Creek. Impact D&W. Chefs White Kitchen w SS Appliances, Quartz Counters & Tile Accents. 3rd floor has M. bedroom suite also guest bedroom & bath. 2nd level w Kitchen, Dining & Laundry 1/2 Bath & Bedroom & Bath. Above Flood ground level with Bedroom, Bath and living area with inside stairwell and Elevator Ready to all floors. Brick Paved driveway and back yard, Huge garage. 30 Concrete Dockage has been approved. Florida Keys Real Estate and Homes For Sale.
OCEAN VIEWS! Soon to be completed, CBS Home with Concrete Roof, Impact Windows & Doors. Cut in boat slip 22 X 36. Third lot in from Ocean. Granite kitchen w white cabinetry. Spacious living areas. Each Bedroom has its own Bathroom. 2Bd/2Ba each floor with inside stairway and separate entrances to each floor. Can be used for a large family or 2 families. Ground level storage room. Direct Ocean access canal at MM 100 location. Florida Keys Real Estate and Homes For Sale.
This large spacious home is located in a very desirable, quiet, private, gated community in Seven Acres. Situated on the bayside, you can enjoy nightly sunset views as well as a deep wide canal and features a protective cut in boat slip. This house is 2300 sq. ft. of interior space with a large master suite with an adjacent room perfect for a nursery or office. Large updated kitchen, open floor plan plus 2 car garage. Lush landscaping with fruit trees and avocado, star fruit, lychee, lemon and banana trees. This house is full of so much potential a must see.There are orchids,stephanotis plants and many beautiful flowers in the yard Florida Keys Real Estate and Homes For Sale.
Craig Cay Island Estate - A unique opportunity for a buyer to participate in this exciting Pre-Construction project, affording an opportunity for a buyer to choose their interior finishes, based on their personal preferences. 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, 222 long pool which will wrap around both sides of the house, facing the bay. A unique feature will be the Safe Room, constructed of concrete walls Florida Keys Real Estate and Homes For Sale.
A true gem on Plantation Blvd. ready for new owners to enjoy! The irreplaceable boat basin provides protected dockage for your boats and watercraft while the great lawn offers several areas for relaxing under the shade of the palms. This home offers beautiful bay views from almost every room including one of the baths! Updated and furnished with casual elegance, this home has everything you need to live the Florida Keys Lifestyle! Separate entrances to both living levels allow for privacy for homeowners and their guests. You will feel yourself relaxing as you enter the driveway and pass through the hardwood hammock to the house and then the lawn, boat basin and Florida Bay. Dont miss the opportunity to buy this one of a kind home in this premier bayfront neighborhood! Florida Keys Real Estate and Homes For Sale.
This gated ocean front estate is situated on over 2 acres cocooned by lush tropical gardens and features an old Chicago reclaimed brick circular driveway.The grand home offers a stately open living area and a gourmet kitchen with 2 islands offering Padagonia granite countertops, seats 8,and top-of-the line appliances. Three private guest bedrooms each features spacious balconies and outdoor showers. The enduring master suite offers walls of closets, oceanfront media sitting area, a gorgeous master bath and private outdoor shower. The third floor home office features a wet bar and outdoor porch with ope water views. The inviting outdoor covered living area is perfect for entertaining and includes well over 2,500 sq ft. with custom outdoor kitchen and granite counter top that seats 16.The Florida Keys Real Estate and Homes For Sale.
Natural White Sandy Beach Oasis with continuos Ocean Breezes and amazing views of the Atlantic Ocean. CBS home features 3BD/2BA upstairs & separate 2BD/1BA down with open living/dining floor plan, vaulted ceilings. Completely upgraded throughout with viking kitchen appliances and impact windows/doors including a deeded boat dock. Florida Keys Real Estate and Homes For Sale.
DESIRABLE HAMMER POINT offering a unique, warm and inviting waterfront home with 3bd/2ba up, non-conforming enclosed room down. Beautiful open great room with fireplace, Dade County pine flooring, observation roof-top deck, crystal clear canals, immediate bay access and nearby ocean access via Tavernier Creek, great DEEP-WATER dockage with boat lift! Truly a must see! Florida Keys Real Estate and Homes For Sale.
What an incredible location with endless views of the bay and deep water dock! This is a corner lot with water on 2 sides, 200 Ft +/- of concrete protected dockage, a boat slip, T dock and jet ski davit . Solid concrete construction including the roof. Expansive glass on the waterside of the house maximizes the incredible views. Large open concept entertainment area and tiled floors throughout. Expansive master suite encompasses the second floor and includes a master sitting area, bedroom with bay views, exterior concrete roof deck, and en suite bath. There is a concrete storage building, outdoor shower, accordion shutters, private boat ramp and a beautiful electric privacy gate. This is a wonderful island retreat, only 1 hour to MIA and yet a tropical world away! Florida Keys Real Estate and Homes For Sale.
One of a kind properties live and work in Paradise.Currently operated as a vacation rental business,or private family estate. 2 buildings,4 rentals units with 7 beds and managers apartment. Perfect for redevelopment 7 single family homes and boats slips. 1.14 acres and 118of deep water protected dockage. Florida Keys Real Estate and Homes For Sale.
Beautiful new construction in sought after White Marline Beach! Upon entering through the glass front doors you know you have found your piece of paradise! With high end finishes such as cut Coral Travertine on entire first floor, crown molding, tall baseboards, 20 plus high ceilings and 2 bedrooms on first floor including an oversize Master Suite with coffee bar. The massive great room overlooks the swimming pool and spa with waterfall. Second floor has all wood floors with 3 en suite bedrooms, crown molding and tall baseboards. Over 1/2 acre lot with an abundance of privacy and deep water dockage. Other features include 8 tall solid interior doors, gas cook top, impact windows and doors, laundry room on first floor, wireless speakers throughout, 2 car garage with 556 square feet Florida Keys Real Estate and Homes For Sale.
Islamorada oceanfront gated private estate on 1.38 acres boasting spectacular views of the turquoise Florida Keys waters withstood the tough storm of Hurricane Irma with hardly a scratch! Superior construction held up superbly well, with only minimum repairs needed, which have all been completed and this property is as beautiful as ever! Luxurious beachfront living with comfortable accommodations for family and guests make this a great vacation property. Main house offers 4 bedrooms and 4 baths plus powder room off living area. Separate 1 bedroom/ 1 bath guest quarters with views of ocean and 150 beach from private balcony. Infinity edge pool and spa with outdoor grill and bar, 2 car garage, private drive with electric gate and a whole house generator complete this fine estate. Owners ... Florida Keys Real Estate and Homes For Sale.
PANORAMIC OCEAN VIEWS from this one of only three full house condominiums located in desirable KEY LARGO YACHT CLUB. No detail has been overlooked in this spacious 3 bedroom, 2 1/2 bath, free-standing townhome offering the best of both worlds, UNOBSTRUCTED OCEAN VIEWS on one side and PROTECTED DEEDED DEEP-WATER BOAT SLIP with lift on the other, located in a marina offering a SECOND DEEDED boat slip that is also included. Tastefully decorated with soaring ceilings in the open floor plan great room with chefs delight gourmet kitchen (with Viking appliances), large master suite on 3rd floor. Enjoy the open air balconies to take in the fresh ocean air and live the FL Keys Lifestyle! Amenities of the development include boat ramp, trailer storage, heated pool/spa, tennis courts and more! Florida Keys Real Estate and Homes For Sale.
Come home to Turtle Key. This offering is one that you will fall in love with. Combining a multitude of uses,this enclave of 5 cottages has been refreshed and restored to enhance the Keys charm. Leatherback Cottage has 2 BR 2 BTHS upstairs and entertaining room down overlooking the ocean and boat basin. Green Cottage has 2BR 1 BTH overlooking pool, boat basin and ocean. Kemp Cottage has 1BR 1BTH and is in the midst of tropical gardens. Hawksbill Cottage has 1 BR 1 BTH down with inviting loft studio/office upstairs. Loggerhead Cottage has 2 BR 2 BTHS with pool, spa, and decking overlooking an vast open area and the Atlantic Ocean beyond. 577 FT on the ocean with 5.5 acres. Parcel also includes development rights recognized by the Village.Pre-Irma photos Florida Keys Real Estate and Homes For Sale.
Bayfront Resort with panoramic open water views! Spectacular Bayfront Home, featuring 120 feet of waterfrontage situated on 1 1/2 lots. Beautiful in ground free form pool and spa overlooking the water, enjoy Cocktails at your gazebo or simply relax under the Chickee hut, there is space for everybody with plenty of room to roam, you can even enjoy a roof top deck that is simply priceless with amazing views! This is the perfect home for entertaining family all your guests!Launch your paddleboards and kayaks in your back yard, along with your skiff on your floating dock, you also have two slips in the Marina, one with lift, within 1000 feet from the house for your offshore boats, featuring immediate Ocean and Bay access! Plenty of room for all of your water toys! This home offers an Florida Keys Real Estate and Homes For Sale.
Unscathed by Irma!!! A private luxury estate that captures the heart. Three stately living levels with panoramic bay vistas from every room. Ground floor playroom and guest suites open directly to the infinity pool, spa and deluxe outdoor full kitchen. Host long family weekends on the fishing pier with two large boat lifts and sandy cove beach play area. The elevator and two-car garage make access easy and convenient Florida Keys Real Estate and Homes For Sale.
New Construction on the Bay in Key Largo! Enjoy breathtaking open water panoramic views and stunning sunset vistas from this custom-built 5BR/3.5BA home. Abundant space inside and out boasts the finest in details and finishes. Four levels of generous bay front porches, elevator, two-car garage, pool, and dockage for multiple vessels. Modernly-appointed residence is set back from the open bay, allowing gracious shoreline area for recreation and entertaining. Truly a Keys Treasure you must see to appreciate and experience the privacy! Florida Keys Real Estate and Homes For Sale.
SPECTACULAR PANORAMIC bayviews and breathtaking sunsets offered in this spacious 4bd/4ba tri-level home! Open floor plan with beautiful gourmet kitchen, large living room and dining area, master on 3rd floor to take in the unobstructed views. Enjoy the large balconies offered on each level. Huge backyard, plenty of room for a pool! This is what island living is all about! Florida Keys Real Estate and Homes For Sale.