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.
PRESTIGIOUS VENETIAN SHORES is offering a spacious CONCRETE 5bd/3ba home with 100 of DEEP-WATER DOCKAGE and immediate ocean/bay access. Separate 2 bedroom living quarters downstairs. Take in the relaxing breeze on the screened-in porch. This property allows you to enjoy the FL Keys Lifestyle in pure comfort! Florida Keys Real Estate and Homes For Sale.
Buccaneer Points popular Bounty Lane has double the pleasure in this custom Bay front 3400 sq. ft. home w//2 living levels of cathedral ceilings, a sub zero kitchen, 2 Master En Suite bedrooms, 2 guest bedrooms & baths, 2 dining rooms, and 2 great rooms. Upon entering this spacious home, youll see panoramic water views on 2 levels with a 3rd level roof top deck for more year round sunsets Florida Keys Real Estate and Homes For Sale.
Exquisite resort like retreat located one canal in from the ocean.Offering panoramic ocean views, approximately 75 feet of dock, heated lagoon style pool, double chikee huts great for entertaining.3/2 upstairs grandfathered 1/1 apartment downstairs. & Cabana bath. Fully furnished. Equipped with surveillance system.Fully functioning davits. Upgraded kitchen with ss appliances.Accordion shutters. Florida Keys Real Estate and Homes For Sale.
Custom waterfront home offers concrete dock with 6k boat lift, whips and floating dock, fresh & beautiful landscaping, gas tiki torches and fire pit, salt combo pool and spa, expansive outdoor porches with stone decking and impact windows. Interior features include teak wood floors & doors, breathtaking 16vaulted ceilings & chefs kitchen. Meticulously maintained and turn-key. Florida Keys Real Estate and Homes For Sale.
Soon to be completed! 4Bd/4.5Ba CBS 3 Story canal home on Plantation Key. Easy Ocean access Via nearby Tavernier Creek or Snake Creek. 3rd floor has M. bedroom suite also guest bedroom & bath. 2nd level w Kitchen, Dining & Laundry 1/2 Bath & Bedroom & Bath. Ground level Bedroom & Bath with Huge Garage. Elevator to all floors. 60 of Dockage. 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.
OVERSIZED PROPERTY ON MILLIONAIRES ROW. Beautiful home on three lots on the World Famous Adams Cut Waterway. 150 feet on the water! Rare cut in boat slip and concrete dock. 4 bedrooms & 2 baths, vaulted ceilings, open floor plan, celestory windows, newer metal roof, wrap around screened porches, separate garage and workshop. Nature and privacy.No flood zone w/ ground floor living, 1 Hr. to MIA. Florida Keys Real Estate and Homes For Sale.
OSPREY Residence: Stunning new oceanfront home - This custom home has it all - 4 bedrooms and 4 baths with an elevator. The views are incredible from inside the home or from one of your oceanfront terraces with porcelain wood plank flooring. Custom construction and finishes throughout - Florida Keys Real Estate and Homes For Sale.
Situated on a point lot his beautifully remodeled pool home offers 4 bedrooms, 3 full baths, deep water dockage, beach, and magnificent open water views. The interior features an open floor plan with Cathedral ceilings, marble floors, Coral wall features and floor to ceiling windows! Large oversized lot with over 330 of water frontage, swimming pool and lush landscaping offer ultimate privacy! 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.
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.
Florida Keys Real Estate and Homes For Sale.
SNOOK Residence: This Tarpon Point Beauty sits at the edge of the pool and offers spectacular ocean views. A spacious 4 bedroom/ 4 bath home is well equipped with a Chefs kitchen with top of the line stainless steel appliances granite counters. Whole house generator, impact resistant windows & doors and a private elevator. Florida Keys Real Estate and Homes For Sale.
Open Oceanfront 5BA/5.5BA Point estate with dockage, pool, new interior finishes & the privacy of living on your own peninsula with water on 3 sides. Expansive 5020 sq.ft. home was beautifully remodeled in 2012 to embrace the wrap-around ocean views and offers entertaining areas both in and out, full bar/game area, chefs kitchen & more. Dockage for two or more boats with dockside power/water. Florida Keys Real Estate and Homes For Sale.
Attention investors! This unique property is directly on the ocean on almost an acre of land. There is a 3 year history of producing a very attractive income. Updated with 3 separate buildings to house up to 14 guests. Building 1, the main house has 4 bedrooms and 2 baths, veranda and observation deck. The Cabana guest house has 1 bedroom and 1 bath. Building 3 has a dressing room and full bath Florida Keys Real Estate and Homes For Sale.
GORGEOUS LARGE OCEAN VIEW HOME IN THE DESIRABLE HAMMER POINT. Dont miss your chance in owning this spectacular Florida Key home. Perfect for a large family. This beautiful, well-maintained, concrete fortress has impact windows, elevator and many extraordinary features. Great located property, with easy Ocean/Bay access via Tavernier Creek with a sundeck with Breathtaking Panoramic water views. 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.
Tropical tranquility awaits at Key Largo with this water front paradise. The most difficult decision you have to make all day is whether to go sport fishing, diving at the coral reefs or simply laying out in the sun. This property features 3 bedroom 3 bath with 1,869 sqft of living. Escape to your private waterfront retreat. A relaxing world awaits you! Offered at $1,450,000. Florida Keys Real Estate and Homes For Sale.
Oceanfront 4 bedroom completed residence on Lot #8 with private pool and adjacent vacant Lot #7 including a residential building right. Open water Atlantic Ocean Views. Entire property is gated and common areas include tennis and dock. Prime location in the heart of Islamorada. Walk or bike to restaurants, art galleries, shopping. World-class fishing, diving, kayaking, paddle boarding. Florida Keys Real Estate and Homes For Sale.
Your own Private Paradise includes Ocean front Luxury Estate home and separate private guest house.Located in a 5.85 acre gated compound. Custom designer chefs kitchen, marble, granite, soaring ceilings, keystone, fireplace, custom railings, elevators, and unsurpassed views through the many expansive windows.Garage parking for 5 cars. Includes separate Clubhouse/Gym. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Wickfield South is a secluded, private estate situated on approximately 3 1/2 acres overlooking Bogie Channel on Big Pine Key. The property includes 444 feet of shore line and a private canal, 60 wide, 400 long with a boat basin. Tropical landscaping includes a variety of palm and mahogany trees, orchids and other tropical varieties. This beautiful meticulously maintained 3 bedroom, 3 1/2 Florida Keys Real Estate and Homes For Sale.
Beautiful Oceanfront retreat. Main House is completely renovated with 3 bedrooms and 3 baths, including 2 Master Suites. Guest Cottage has Vaulted Ceilings with a full kitchen and large living area along with a private bedroom and bath. Beautiful unobstructed ocean views and private boat ramp. Oceanside Private pool and Tiki Hut. 2 legal units Florida Keys Real Estate and Homes For Sale.
Venetian Shores CBS home on an expansive double wide lot offers terrific deep water boating access to the ocean or bay via Snake Creek. The home has 2 bedrooms & 2 baths upstairs (with elevator), living, dining, laundry room & large enclosed porch. Interior stairs lead to above flood bedroom, bath, kitchenette & craft room/workshop with its own entrance. Florida Keys Real Estate and Homes For Sale.