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.
EXCEPTIONAL ESTATE HOME - Located in prestigious Buccaneer Point at MM98, this bay front home has extraordinary panoramic views of a moderately active waterfront. All in a secure, private, quiet, friendly environment meant for you to enjoy. This home has architectural features that you would expect and many others that truly complement its value. Florida Keys Real Estate and Homes For Sale.
Come enjoy the Keys as they were meant to be!Fantastic panoramic views and complete privacy abound with this 2.6 acre open water, gated estate on Big Torch Key. Bordered by a 900'canal with 200'frontage on Niles Channel, the adjacent 60 acre wildlife preserve will insure absolute seclusion. This CBS/stucco home offers comfortable living in harmony with natural surroundings. The main floor Florida Keys Real Estate and Homes For Sale.
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.
Florida Keys Real Estate and Homes For Sale.
HOME IS IN MOVE IN CONDITION! Big Family Home with Amazing ocean Views. Seconds to Open water. This 7 bed 5 Bath is completely remodeled by Interior Decorator. Over 100 FT of dock with davits for boats. CBS Home with Concrete roof, Roof top terrace for sunbathing and enjoying immaculate views. Many amenities in this 10,000 Sqft Lot including Pool & Tiki. Florida Keys Real Estate and Homes For Sale.
Undoubtedly one of the most desirable locations on Lower Matecumbe looking down Hurricane Creek west to the Florida Bay this immaculate keys getaway is better than the day it was first built w/top of the line furnishings, appliances, brand new exquisite kitchen, baths, new pool & spa. On a peninsula lot this homes offers two sides of dockage for large power or sailing vessel.(more) Florida Keys Real Estate and Homes For Sale.
This is a property many dream of but few can afford. Upon entering you will find an imposing foyer w. a soaring 2 story ceiling. The staircase leads up to an open concept living area w. Cathedral ceiling, a coral rock fire place & a balcony w. gorgeous views of the Creek. A large granite topped breakfast bar separates the kitchen. There is also a wet bar & a convenient powder room on this level. Florida Keys Real Estate and Homes For Sale.
Luxury custom home with protected concrete dockage and open water views. Located on gated Stirrup Key, features include generous use of granite, marble and mill work, elevator to all levels, wired for generator, poured concrete constr., 360 ocean/gulf views from the top level terrace. Library/ office, master lounge & bar, game rm, elect. blinds, More.. Florida Keys Real Estate and Homes For Sale.
Sisters Creek Waterfront Property with 170 Ft of concrete dockage and a cut in boat basin. Exceptional location on the Florida Keys Golf Course. RARE DUPLEX LOT with 2 building rights. New roof, re-surfaced tennis court and 7 day vacation rentals in place. Good income from rentals. Sellers are licensed real estate agents. Florida Keys Real Estate and Homes For Sale.
Located on quiet Corsair Road with FANTASTIC Open water views of Toms Harbour Keys and the glorious water surrounding the bird sanctuary. Sunset are included. Roof top deck gives you 360 degrees of water views, not to mention the open water views from the main living areas. The best dockside fishing in Duck Key.. pool with brick pavers, two garages. Best Open Water value. Florida Keys Real Estate and Homes For Sale.
This Port Antigua home has an open floor plan, high ceilings, granite countertops and a wonderful 3rd floor master bedroom suite and porch! Tastefully finished with tile throughout the home, it is ready for a new family to come and enjoy this wonderful neighborhood. A garage on the lower level gives you plenty of storage space for boat stuff and a golf cart! Florida Keys Real Estate and Homes For Sale.
Magnificent bay front home featuring 3BD/2BA in prestigious Venetian Shores. Beautiful wood cathedral ceilings, open floor plan, expansive windows and top floor master suite with commanding open water vistas. Deep-water dockage. Professionally landscaped yard with newer pool and spa! A true tropical oasis! You're only steps away from the clear gulf waters of the Florida Bay. Boat slip #52. Florida Keys Real Estate and Homes For Sale.
SPECTACULAR POOL HOME! Elegantly appointed for easy living featuring designer touches. Paved circular driveway, double entry doorway & open concept living with high ceilings, marble floors & solid wood eight foot-doors. Beautiful curved stairs with swirling banisters & coral wall. Generous size home with over 4100 sqft of living area, perfect for the big family. Spacious gourmet kitchen w/island. Florida Keys Real Estate and Homes For Sale.
A D'Asign Source home built in 1994. Pool is surrounded by lush native landscaping provides seclusion and privacy for outdoor dinner parties. Home has been maintained with utmost diligence and care. Open floor plan lighted Tray ceilings, Groin Ceiling with mural, Cast Stone Columns, Crown and Chair Moldings entertainment room, Corian sinks, Granite Countertop, Built in Florida Keys Real Estate and Homes For Sale.
PRIVATE GATED OCEANFRONT HOME on nearly an acre with over 300' on the ocean and 150' on a protected canal. Almost 4000 sq ft. Extensive remodel including an infinity pool, gourmet kitchen, marble floors, and stunning views. Multiple decks, brick pavers for parking, an oceanfront gazebo & a volleyball court. 2 areas for docking. The home overlooks ocean and nature. One of a kind!!! Florida Keys Real Estate and Homes For Sale.
Own your personal oasis in this private setting! Newly constructed home, with 8 bedrooms, 8 baths & full laundry room. Kitchen has stainless appliances, custom bar area, and dining areas have seating for 18! Flat screen TV's in all bedrooms, and living area. Guest house is accessed by a connected deck, and consists of 4 bedrooms and 4 full baths & a laundry room. Florida Keys Real Estate and Homes For Sale.
Well maintained 2 story single family canal front on the Atlantic side. It features impact windows throughout with exception of sliding doors, 205' linear feet of reinforced concrete, lift for a small boat, bahamian shutters throughout, aluminum storm shutters for added protection, 3 new central units ( inst. in 2014), cathedral ceilings with knockdown and screened porch/balcony (re-screened 2014) Florida Keys Real Estate and Homes For Sale.
Incredible views AND deep water protected dockage with immediate access to Ocean and Bay. Beautifully decorated Bay front home with a true 'Keys feeling' throughout. Take in the sunset from one of the many decks or the beach. 4 bedrooms, 3 baths Key West style Frame home on concrete pilings. Spacious kitchen, elevator, electric shutters and a boat lift etc. in a prime location. Florida Keys Real Estate and Homes For Sale.
Massive oceanfront (3,048 + 2,283) sq ft w protected boat basin for 2 large boats and add'l concrete dock on canal side of property. The waterfront features a huge pool and 2 big chickees for easy breezy outdoor entertaining. Property consists of half acre with privicy wall, electric gate, paved drive,3 garages, Boat house. Nearly every room & balcony features unobstructed spectacular ocean views Florida Keys Real Estate and Homes For Sale.
MAJESTIC SUNSET VIEW OVER BUTTONWOOD SOUND. Lovely & peaceful location for the perfect getaway with beach, tiki & dock! Custom & cleverly designed to be together yet divided concept. Set up for two families with over 2700 sf of living, 6 bedrooms 4 baths. Plenty of room to entertain, hot tub, garage, storage, bonus room, bbq, carport, parking for several cars . Great Vacation Rental destination. Florida Keys Real Estate and Homes For Sale.
Islamorada Venetian Shores waterfront 5BD/5BA with 100' dock and boat lift, custom pool with spa & waterfall, elevator and private master suite on the 3rd floor. Instant big boat access to both the ocean and bay from 100' wide, deep water canal. Spacious home offers more than 5,000 sf including porches, downstairs guest quarters and garage. Security cameras, brick drive, landscaping and more! Florida Keys Real Estate and Homes For Sale.
ENJOY PEACEFUL, OPEN WATER VIEWS OVER CUDJOE BAY, outstanding boating, swimming in your back yard & local restaurants. This 1376 sq. ft. home has been tastefully updated throughout including custom kitchen with granite counters, stainless appliances, beautiful baths, wood plank floors. Relax in the heated pool w/ spill-over spa, rest in a hammock, or hop in your boat for a fun day in on the water! Florida Keys Real Estate and Homes For Sale.
Beautiful home in Venetian Shores. Amazing bay views. 100 ft. dock with deep-water dockage. 4 bedroom 4 bathroom. Large storage room. Large open kitchen with stainless steel appliances and granite counters. Please call Listing Agent: Stephanie Victorero at (786) 525-8954 Florida Keys Real Estate and Homes For Sale.
Exquisite Bay front home...being offered partially furnished. This home will take your breath away! Grand foyer, extensive great room & gourmet kitchen. 4 bdrms, 3.5 baths, private master suite, endless views of the Bay. Property completely fenced & gated with extensive dockage and boat lift. Can accommodate a large vessel as well. Private beach, Fire Pit and much more. Downstairs bonus room. Florida Keys Real Estate and Homes For Sale.