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.
Tranquility on Tarpon Bay ~ This is a rare opportunity to own almost 4 acres on the bay with 200 feet of bay frontage and a stunning residence. Enjoy entering through your own tree lined natural drive where you are greeted at the gated entry by locally quarried coral entrance columns, custom made copper sconces and brick paver driveway. The home immediately commands a presence with the artfully designed roof overhang of synthetic shake shingles designed to enhance the home further from the high pitched concrete roof, complimentary cooper sconces on the columns, double impact entry doors and sweeping stairwell. The newly designed interior will not disappoint with the cathedral styled high ceilings, rare for a concrete roof, and a one of kind sculpted mangrove chandelier highlighted by the Florida Keys Real Estate and Homes For Sale.
ANCHORS AWEIGH - 140 of deep-water, protected, concrete/paved dockage is enjoyed at this serenely secluded property with sunset views. It is rare to find 2 adjoining lots in Venetian Shores with beautiful bay views, and convenient, direct access to Snake Creek. Remodeled in 2005 & designed to take advantage of magnificent views from every level. Downstairs rec room also used as 5th bedroom. Florida Keys Real Estate and Homes For Sale.
This one of a kind ground level home is built to please the most discriminating buyer. Beginning with the oversized paved driveway you walk in to 8 doors, 10 ceilings and on too beautiful 32 tiles. The open concept reveals the beautiful custom floor to ceiling kitchen cabinets, high end appliances that include an induction stove. Bathrooms are all tiled floor to ceiling and offer custom cabinetry. Custom window treatments and 8 interior solid wood doors with beautiful top of the line hardware stand out. Step outside on to seashell tiles and the beautiful custom 12x38 heated pool deck also covered in tile and landscape for complete privacy. The side yard offers a Chikee Hut with wired fire alarm, gas stove, refrigerator, sink, tv, cabana bath and gated driveway. Florida Keys Real Estate and Homes For Sale.
Feel the Ocean breeze in this Oceanside concrete home with concrete roof in secluded neighborhood featuring superior dockage for yachts and sailboats with direct ocean access. Beautiful outdoor kitchen and bath, 2/1 up & separate 2/1 down includes furnishings. Ample storage areas, paved and well maintained. Just bring your toothbrush and your boats, this great location is just minutes to world class fishing and diving. On wide canal with boat lift. Florida Keys Real Estate and Homes For Sale.
This fabulous Plantation Key Colony home has been remodeled and meticulously maintained. The residence features two bedrooms and two bathrooms upstairs, and a full bathroom and living area downstairs. The in-ground concrete heated pool with Jacuzzi jets and saltwater system, and the concrete dock with a new 10,000-pound boat lift, water, and electric are accented with travertine tile and landscape lighting. Additional upgrades include a new kitchen with quartz countertops and stainless steel appliances, tinted impact windows throughout, a new fence with an electric gate, and security cameras. The ground level has plumbing in place for an addition. Florida Keys Real Estate and Homes For Sale.
PLAYA LARGO OCEAN RESIDENCES - NEW gated resort style OCEAN SIDE community! - SEA SPRAY model is a beautiful 3 Bed / 2.5 Bath 2,502 Sq Ft under AC residence with a large 484 Sq Ft outdoor terrace with summer kitchen perfect for entertaining with adjoining 201 Sq Ft AC media room designed to enjoy spectacular ocean views. Common areas were inspired by the Playa Largo Resort and amenities include gorgeous clubhouse has indoor and outdoor recreational areas including a beautifully designed infinity pool overlooking the ocean. Community boat launch and dock gets you a few minutes to the open ocean and favorite fishing and diving areas. Playa Largo Resort hotel program TBA. Florida Keys Real Estate and Homes For Sale.
Phenomenal opportunity! Stunning, stunning, stunning Florida Keys Oasis. Aero-Largo. The setting for countless photo shoots and commercials, this seductive Bayfront Estate is what dreams are made of. Stroll right into crystal clear water from your own white sandy beach. This is your canvas. Bask in privacy, or entertain like no other. This home offers extreme flexibility. With 3 bedrooms + office in the spacious Main House, gorgeous gourmet Kitchen and Dining Room, and a separate detached Guest Suite. So many amenities! Huge, Deep Dock and Tiki, outdoor grill and pizza oven, outdoor bar, seaplane dock, boatlift, outdoor showers, custom-built pool and fountain, three garage spaces, massage Tiki, all nestled in a gated, estate sized natural hardwood hammock. Best value in its class an Florida Keys Real Estate and Homes For Sale.
Outstanding Oceanfront Estate!As you pass through the double gates and begin your drive on the reclaimed brick driveway you enter a park-like setting. Upon arrival at the residence, the great room, its soaring ceilings and the expansive ocean vistas make an indelible impression. A chefs gourmet kitchen inspires culinary creations and entertaining with two islands adorned by Patagonia granite counter tops. Top-of-the-line appliances include Thermador, Viking and Gaggenau. Designed for spacious living and enhanced connection to the environment, all four bedrooms have private spacious balconies with outdoor showers. The master bedroom wont disappoint with its grand bath, lounging media area and access to your private third floor office complete with additional oceanfront facing .. Florida Keys Real Estate and Homes For Sale.
Port Largo! Custom Victorian Style Home. New CBS 3b/2.5b, + 1,200 Sq Ft can be 2 extra bedrooms. Total Sq Ft 3460. Huge lot,extra parking Open floor plan. Top of the line SS appliances, gas range and granite counters. Cathedral beamed ceilings. Wrap around Key West style Veranda with views down the canal. Garage has an adjacent additional 800sf air conditioned finished rooms with a full Bathroom. Can be used for guest quarters. Concrete Dock. Walled & Gated with a Courtyard entry. One of a kind Architect Designer home. Near HO Park, boat Ramp & Key Largo Park. Florida Keys Real Estate and Homes For Sale.
Great views of Snake Creek and out to the ocean from this beautiful 5 bedroom home on almost 1/2 acre of creekfront lot in Venetian Shores. Approximately 130 along Snake Creek and approximately 160 along the canal. Home features split level with 4 bedrooms on 1st level, large living/kitchen area with screened balcony on mid level and master bedroom on top level, all connected with soaring open foyer. Nice pool with spa, screened outdoor grilling area, 9 hole putt-putt golf course along creek and canal, large garage, davits and nicely landscaped grounds. Florida Keys Real Estate and Homes For Sale.
***OWNER MOTIVATED***Welcome to Paradise! Perfectly nestled on a canal only three minutes away to the Gulf is this amazing Stillwright Point Home.As you entered the perfectly manicured landscaping greets you with all it warmth and privacy. There is the exquisitely and tastefully remodeled house with 3 bedrooms and 2 1/2 baths, soaring vaulted ceilings and a magnificent roof-top deck for all year sunsets view. Enjoy the serenity of the indoor heated pool and the quite beauty of its terrace. This three level retreat captures the essence of the Keys lifestyle. Nothing spared on this home. Come and SEA it for yourself. Your buyer would not regret it. Happiness is a sunrise over BLUE WATERS Florida Keys Real Estate and Homes For Sale.
9-26-19 REDUCED $100,000...This is the perfect home for an extended family with a total of 5 bedrooms and 4 baths with 100 of dockage located in Islamoradas premier neighborhood of Venetian Shores. The main level features an inside foyer and staircase, vaulted living room that opens to a private balcony, updated granite & s.s. kitchen, 3 BRs, 2 BAs (2 Guest BRs plus Mstr Suite - split floorplan - updated baths), and a large terrace with outdoor kitchen + 10 person spa! Theres also a 3rd level loft/family room. Downstairs are 2 Guest Apartments - legally permitted and above flood, 2 car garage, storage room, and a large covered area perfect for games, dining, whatever you dream of! Room for your & your friends boats and minutes to the ocean or bay via Snake Creek. Florida Keys Real Estate and Homes For Sale.
Best value in Port Largo at $305 per square foot (less than what it would cost to build). Some people look for a beautiful place, others make a place beautiful, heres your chance! Located in Port Largo, this is a diamond in the rough...with great bones. This home offers the perfect canvas for your personal updates. Boasting over 3,800 sq ft, a great floor plan, 5 bedrooms, pool , privacy gates and 75 ft of deep water dockage, this property has all the essentials for a great investment and ultimately a perfect keys retreat. Florida Keys Real Estate and Homes For Sale.
This home is a MUST SEE! Ocean views from the rooftop deck and protected dockage in a wide, clean harbor. Located in Treasure Harbor, this home has your dream boating location, with 89 ft. of harbor frontage including your own private boat ramp and only 2 homes from the ocean. An additional 95 ft. of dock on the canal side has room for all your water toys. This CBS home with a poured concrete roof is ready for a new family to enjoy. Are you wanting some rental income? This home has some winter rentals in place! The garage has access from the street and the dock side to make storing all your boating and fishing equipment convenient. The kitchen is nicely updated and the bedrooms are large. This home will accommodate a couple or a larger family comfortably. Please see MORE... Florida Keys Real Estate and Homes For Sale.
A rare opportunity to own the Oasis, a home like a private resort, featured on the cover of Florida Design magazine. This home has been used for photoshoots by famous photographers, celebrities, and brands. Be a part of this unique lifestyle, whether for intimate dinners or for parties for 200 people.Enjoy the truly spectacular pool for lap swimming or amazing pool parties. Take a front row seat to view the mesmerizing changing colors of the Atlantic ocean waters within the Florida Keys National Marine Sanctuary.The Oasis has two bedrooms with ensuite bathrooms and a media room/den that can be easily converted back to a third bedroom. There is a third bathroom in the outdoor poolside entertainment spaces.The living room is spacious with its double-height vaulted ceiling and Florida Keys Real Estate and Homes For Sale.
Beyond compare, this Polynesian inspired exquisite keys waterway Harum Designed custom home is 99% complete, pool is in, landscaping is underway. This spectacular home is not to be missed if you are looking for a yachtsmans location w/over 110ft of deep water dockage w/unlimited beam on deep water Hurricane Creek. Cathedral ceilings grace this masterpiece and its 3 bedroom and 3.5 baths is complimented by custom LED lighting, drop down TV. Incredible storage, 2 garages, generous and spacious covered gathering areas. The residence boasts an extraordinary creekside covered balconies overlooking Hurricane Creek with views of the Florida Bay making this a Florida Keys Treasure. The finished work detail is to much to list. Contact agent for full details and showing appointment. Florida Keys Real Estate and Homes For Sale.
EGRET Residence: Brand new construction! This oceanfront home is stunning! The Tarpon Point community is gated and lushly landscaped with amenities such as oceanfront pool, beach, dockage and full service all home generators. This spacious 4 bedroom 4 bath home also comes with an elevator giving access to all floors of the home. The kitchen is equipped with high end Florida Keys Real Estate and Homes For Sale.
Exclusive gated oceanfront condo in the heart of Islamorada. This one-story residence offers three bedrooms and two bathrooms, and is in turnkey condition. The property also has covered parking and an excellent rental history. Amenities include a sandy beach, a beautiful new pool, and a convenient location near shops, dining, the Arts District, and marinas that will book fishing and diving excursions. Florida Keys Real Estate and Homes For Sale.
OCEANFRONT ESTATE! Behind the gate and concrete wall surrounding this property, you will find the most beautifully remodeled, four bedroom, four and one-half bath home, overlooking the Atlantic Ocean. Three en suite bedrooms feel like master suites with phenomenal views. Fourth bedroom and adjacent bath located its in own wing. Open gathering space with built-in workspace and wet bar; amazing modern kitchen. Featuring a sandy beach complete with horseshoes & hammock, a grand, in-ground pool, boat ramp, concrete seawall and potential for dockage! Three exterior terraces/lanais for entertaining or private sunbathing all with incredible ocean views. The half bath is serviceable by a door leading to pool. One car garage and plenty of parking outside for vehicles/RV. Paradise Found! Florida Keys Real Estate and Homes For Sale.
This concrete waterfront home situated on a large lot offers an open floor plan, high ceiling and a spacious kitchen with granite counter top and stainless steel appliances. Two invited guest bedrooms and a third floor private master suite with covered porch. The ground level features a recreation room with sliding glass door opening onto the glimmering swimming pool with waterfront custom tiki hut. Nicely landscaped yard with premium 75 concrete dock with boat lift and a wide deepwater canal with direct ocean access.seller finance possible Florida Keys Real Estate and Homes For Sale.
ONE OF FEW SNAKE CREEK PROPERTIES! PRESTIGIOUS VENETIAN SHORES is offering the perfect location for the avid boater/fisherman making it the supreme location in Islamorada offering DEEP-WATER DOCKAGE and immediate ocean and bay access with BEAUTIFUL WATERVIEWS! Brand new dock and seawall surrounding a relaxing poolside atmosphere. The interior of this spacious home allows for 4bd/3ba, large living area upstairs and downstairs, rooftop deck to enjoy an even better open water view. Also offered is an elevator and garage. This home is the perfect property to remodel to your own taste and enjoy the FL Keys Lifestyle! Florida Keys Real Estate and Homes For Sale.
Keys styling and modern layout on this new construction home with 180 endless bay views and sunsets right down the pike! Custom in every way, this home checks all the boxes with a grand entertaining area, 100 of dockage ready for 2 boatlifts and deep enough to accommodate larger boats, huge heated and chilled pool, double garage, elevator, rooftop deck, natural sandy beach, and more privacy than youll ever need. The main level features a spacious living room opening into the kitchen and 2 bedrooms and 1 1/2 baths. The 3rd floor stuns with a must-see master suite, and 2 more bedrooms with a Jack and Jill bathroom. The third floor balcony leads to a private staircase to the rooftop deck where you can view most of Key Largo. Have a front row seat to the boat parades and fireworks displays! Florida Keys Real Estate and Homes For Sale.
This home has it all! 85 ft. of concrete dock, with a boat lift, located on a deep water canal featuring an excellent location just 3 houses in from Tavernier Creek giving you direct ocean & bay access. There are 2 bedrooms & 2 bathrooms upstairs & 1 bedroom & 1 bathroom downstairs. New Swimming Pool, new roof, new pavers, new fence, new addition on upper level, plus lower level guest quarters, fish cleaning station, outdoor shower, storage with an ice machine & refrigerator and so much more! Florida Keys Real Estate and Homes For Sale.
The turquoise waters of the Atlantic Ocean are the backdrop to this spacious oceanfront retreat on over two acres. The moment you enter through the grand port cochere and double entry doors, youll be greeted by views of the ocean. In fact, the ocean provides a stunning backdrop for the living room, kitchen, home office, master bedroom, and breakfast nook. To feel the ocean breezes, look no further than the large covered porch. Two guest bedrooms and a spacious master suite provide ample accommodations. The ensuite master bath has a large jetted soaking tub and separate walk-in shower. Each guest rooms share a common bathroom, with large-walk-in shower. Youll also find a large laundry room, with a place for ironing and shelving for all of your storage needs. Florida Keys Real Estate and Homes For Sale.