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.
Luxury and oceanfront views await you in your brand new top of the line finishes pre construction condo in the heart of Islamorada.Property was enhanced with over $800,000 in improvements to the pool, beach, entrance and common areas to include a summer kitchen & fire pit. Spectacular piece of paradise & a unique opportunity to buy the first new construction condo in Islamorada in over 22 years. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Spectacular private 4.33 acre estate on Upper Matecumbe Key. The setting offers spectacular sunrises, and ocean vistas that feature sunset colors reflecting off Alligator Lighthouse. The property offers a private beach which brings mother nature to our door steps. From the beach you can launch your kayak and search for tailing bonefish, watch birds fly by or just sit back and relax. A must see !!! Florida Keys Real Estate and Homes For Sale.
Boaters Dream House offering concrete 100 foot dock with davits. 2 bedroom 2 bathroom up, custom kitchen with teak cabinets, granite breakfast bar, gas stove. Great outdoor living with pool and tiki hut. Custom barbecue area. First floor Guest quarters with 2 bedrooms and one bath. Additional office area and plenty of storage. Florida Keys Real Estate and Homes For Sale.
Own one of the largest most exclusive Ocean Front Gated Estate Compounds in the FL Keys. Includes 4 CBS luxury houses with elevators,9 slips in private deep water marina and Channel.Two pools on approx 6 tropical acres. Club house/gym, and storage out building. Unsurpassed panoramic views.Rare opportunity to experience tropical lifestyle adjacent to approx 30 acres of protected land. Florida Keys Real Estate and Homes For Sale.
Maison Residences offers a unique, luxury, pre-construction opportunity to purchase in the heart of Islamorada, new construction with elegant, top-of-the-line finishes, including a smart home option. The entrance, pool and beach enhancements are complete, inclusive of a gated entry, 350 ft. private beach with white fine sand, 135 ft. swim & fishing dock, Oasis Lagoon style pool with sun shelf Florida Keys Real Estate and Homes For Sale.
BONEFISH Residence: Oceanfront elegance can be found in this brand new home. Designed to pamper and impress with the many construction features - 4 bedrooms and 4 baths with three stories of living and an elevator. The views from this house are incredible and on a clear day you can see forever. Gourmet kitchen with stainless steel Wolf Gas stove Florida Keys Real Estate and Homes For Sale.
Ted Williams Estate. This iconic estate has a place in Islamorada history and is where old Florida charm meets contemporary living. This estate has it all, a fascinating history, privacy, panoramic bay views, protected dockage, extensive tropical landscaping and the perfect location on Upper Matecumbe Key- walking distance to many of Islamoradas best restaurants and a short boat ride Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
BEACH RESIDENCE: The Beach house at Tarpon Point is brand new and as aptly named overlooks the beach area and ocean. Tucked away you will find this spacious 4 bedroom, 4.5 bath home with three stories of living and TWO living areas. Main living room overlooking the ocean and beach and the family room has a wet bar with wine fridge and libations storage. 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.
Boaters Paradise property in Islamorada on Treasure Harbor boat basin & 2 homes in from the open Atlantic! 160 of protected deep-water dock, this property can accommodate larger & multiple boats.3 bedrooms 2 baths plus garage. Interior staircase. Solid concrete construction including the roof. Roof-top deck with wide open ocean views! Impact windows. Pvt boat ramp. A must experience Property! 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.
Gated pallatial estate home with 8 bedrooms, 6 1/2 baths. Open water views out Snake Creek and through to the Ocean. Point lot location with 100dock, pool and spa. Screened balconies on every level, double garage, guest quarters. Peaceful and private gardens. Shown by appointment. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Mahogany bay is an exclusive gated compound comprised of four architecturally significant Balinese style homes located on almost five acres of beautiful open bayfront property in Key Largo, Florida. The home is comprised of two guest suites and two masters with unobstructed views to the open bay. Florida Keys Real Estate and Homes For Sale.
THE BEACH HOUSE w/ 100 of beach. Beautifully appointed 4 BD/ 4 BA home comes furnished. Forever ocean views to be enjoyed the moment you step into the Great Room. Vaulted ceilings w/ sky lights, enjoy the sunrise and the afternoon shade, electric gate, circular drive, large garage, outdoor living space, room for a pool. Turn Key! Florida Keys Real Estate and Homes For Sale.
Beautifully furnished Tarpon Flats unit with great views of the bay. Main floor includes living/dining area, kitchen, 2 bedrooms and baths. Third floor has master bedroom/bath, office, dressing area and 2 walk-in closets.Porches off of both levels with views. The common property has a pool, tennis court, greenhouse and dockage. Property is gated and full time caretaker. Florida Keys Real Estate and Homes For Sale.
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.
Best Boating in the Keys! Desirable Venetian Shores 5 bed/3 bath home with immediate ocean AND bay access via Snake Creek from a concrete dock on a 100 ft. wide canal. Impeccably maintained concrete home offers a 3/2 upstairs with high ceilings, spacious entertaining kitchen and gorgeous master. Downstairs is a separate 2/1 guest quarters, large carport, storage and greenhouse. Must see! Florida Keys Real Estate and Homes For Sale.
150 of Dockage in Port Antigua & over 3,000 sqft of living space! Main living level features updated kitchen, open concept dining & living space, spacious screened-in patio, master suite & guest bed & bath. 3rd Floor showcases the Owners Suite with walk-in closet, private balcony, large living area with fireplace, wet bar and library. Downstairs has permitted bath and plenty of storage! Florida Keys Real Estate and Homes For Sale.
METICULOUSLY APPOINTED IN ISLAMORADA! Upon entering this custom-built residence, it is immediately apparent that ultimate attention was paid to every detail. An elegant, 5B/5.5B, Venetian Shores trophy property, with a list of custom features to impress those with the most discriminating taste. Gourmet kitchen offers granite countertops & backsplash, wine cooler, food warmer, Sub-Zero refrigerator Florida Keys Real Estate and Homes For Sale.
APPROVED SHORT SALE. CASH ONLY. CLOSE BEFORE JUNE 12TH, 2017. NEEDS RENO! One of the most spectacular Bay Front locations in all of the upper Keys with direct endless westerly views . Nightly sunsets included! Buyers must close with cash on or before June 12th 2017. House needs renovation. Located at the end of South Bounty Drive. Oversized lot with natural beach area. Florida Keys Real Estate and Homes For Sale.
Truly Unique! In Islamorada,a Mediterranean style residence featuring a private boat basin expandable for a large boat, elegant pool and waterfall spa with entertaining bar area. This 4 bedroom 3 bath home boasts an open floor plan, with a beautiful gourmet chefs kitchen, lovely sitting areas overlooking the water, lower level guest quarters. Awesome location, with instant bay and ocean access. Florida Keys Real Estate and Homes For Sale.