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.
Enjoy Florida Keys Living in this lovely and large waterfront home with legal guest quarters downstairs. This spacious home has 70 feet on the water, concrete dockage with almost immediate ocean and bay access through Snake Creek. Complete with Granite Countertops and Stainless Steel Appliances, this home is ready for your most discriminating buyer. Florida Keys Real Estate and Homes For Sale.
Great opportunity to own a bayfront residence with guest quarters in the Heart of Islamorada. Huge bay front lot with bay views. Zoned Village Center provides tremendous opportunity for redevelopment. Main house has 2 bedrooms, 1 bath; open floor plan; screen porch; boat slip and seawall for up to 100ft of dockage. 1/1 Guest house with detached garage. Guest cottage is currently tenant occupied. Florida Keys Real Estate and Homes For Sale.
BOATERS PARADISE! This is a beautiful canal front CBS home in Islamorada with plenty of attention to detail. This clear canal flows directly to Tavernier Creek where the access to the ocean and the bay are right around the corner. This is a spacious home with large rooms, plenty of storage and a workshop. Home has Impact windows, large fenced yard, davits, concrete dock, large screened patio, ... Florida Keys Real Estate and Homes For Sale.
Enjoy expansive open water views from this stunning ocean front contemporary home in sought after gated community Sunrise Isle! Magnificent 5 BR, 5BA pool home features beautiful Limestone and wood floors, high ceilings, glass and stainless staircase, central vac, media room, rec room and large private balconies. The gourmet kitchen has gas cook top, granite counters and stainless steel Florida Keys Real Estate and Homes For Sale.
ROOM FOR YOUR YACHT & ALL YOUR WATER TOYS!This extremely unique property offers 2 separate docks 90 ft. at the house w/a 12,000 lb. boat lift, across the street is 60 ft. of dockage on 120 ft. lot. Nice open water views offering 3 bdrms & 3 bthrms, incl. 2 Master Stes, completely updated w/beautiful tile floors, granite & stainless kitchen, with a bonus rm downstairs. Easy access to bay & ocean! Florida Keys Real Estate and Homes For Sale.
ENJOY THIS STUNNING PANORAMIC WATER VIEW HOME. The many amenities it has makes it a perfect place to call home or the one place you look forward to when getting away. You can watch the sunset from almost every corner of the house. The deep-water dockage makes it easy to take the boat out for a ride. Meticulously beautiful, excellent location. This luxurious has all this to offer and much more. Florida Keys Real Estate and Homes For Sale.
Newly Constructed Gated Bay Front Estate in Islamorada featuring amazing sunsets, 5 bdrms, 3 bths, 2 powder rms, gourmet kitchen over 4,500 sf of living space, expansive porches, elevator, outdoor kitchen, & dining make this luxury living at its finest. Beautiful bay front pool & spa, 100 ft. dock w/boat lift, cut in basin w/direct bay & easy ocean access. Truly an Island Lifestyle Experience! Florida Keys Real Estate and Homes For Sale.
WATERFRONT ON THE OCEAN. This residential lot offers a 1 bedroom 1 bath home with spectacular ocean views. Ideal for development of your ultimate Keys getaway. This parcel includes the sale of adjoining waterfront vacant lot Alt Key # 9087972 ) Combined acreage of both parcels is approximately 1.87 acres at the end of a cul-de-sac. Florida Keys Real Estate and Homes For Sale.
Without exception, this may be one of the most unique luxury waterfront private enclaves in the Keys. Interconnected living quarters, extraordinary design, decor, construction, location, privacy, dockage, water depth, wind resistance, luxury, storage, multiple garages, beach, camera security, gated entry. The discerning buyer who can have anything they want with the privacy of a pocket estate. 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.
This magnificent Oceanfront Estate is located in exclusive Plantation Point a private gated community overlooking the Atlantic Ocean. Built in 2004, this custom home offers expansive rooms with majestic views. Towering ceilings encompass grand living area and chefs kitchen which leads out to private screened patio. Gorgeous Master Suite with stunning views of the atlantic, Master Bath offers Florida Keys Real Estate and Homes For Sale.
4/2 Waterfront- 2 homes in one! This home is perfect for 2 families or live in one unit and rent the other. 2/1 on the 1st floor with full kitchen, living room, bathroom and laundry room. 2/1 upstairs with full kitchen and living room- spacious bedrooms. waterfront -concrete dock with new 15,000 LB elevator boat lift- Tiki Huts, fish cleaning station-easy ocean access- fully furnished Florida Keys Real Estate and Homes For Sale.
The Conch, Lobster, Pelican, & Egret at Alligator Reef Luxury Estate. Private, gated estate for corporate or family retreats. CBS homes consist of two 3/2 homes and two 2/2 homes. Enjoy fabulous sunrises & ocean breezes off the observation deck. 2 lrg heated pools, summer kitchens, & tons of privacy for memorable beach-side gatherings in a tropical paradise. EXCELLENT vacation rental history. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
WATERFRONT, 5 bedrooms/3.5 baths.Exquisite custom canal home with dockside privacy overlooking 70 acres of nature sanctuary. Gleaming Peruvian hardwoods throughout the open floor plan; Main Floor Master En Suite. First level features a chefs dream kitchen-Thermador gas cooktop, electric oven, stainless appliances, wine cooler, ice maker,granite & eat-up counter. Other first floor features: Florida Keys Real Estate and Homes For Sale.
San Roc Estate is one of the last remaining parcels on the Atlantic offering a 4 bedroom 3 bath seaside retreat nestled on over 2 Acres of Land w/sandy beach. Exterior amenities include a keystone lanai for ultimate in/outdoor living, ample deep channel dockage, Lap pool,heated spa surrounded by coconut palms offering ultimate privacy,truly invokes a sense of laid back lifestyle we all dream of! Florida Keys Real Estate and Homes For Sale.
Robinson Crusoe, Ritz & Gilligans place all rolled into one w/ major dockage for all your vessels & water toys, gorgeous pool, privacy, immediate ocean access, modern & spacious w/room to spare for incredible indoor & outdoor living & entertaining right in the Village of Islamorada on Lower Matecumbe. Words are hard to come by to describe this Keys. COme see for yourself. Call for appointment! Florida Keys Real Estate and Homes For Sale.
SPLASH-- into this delightfully tropical canalfront pool home. Located on the ocean side with direct ocean access mere minutes from your concrete dock. Boaters will love the option of davits and a boat lift. Enjoy a refreshing swim in your own in-ground, heated pool enhanced with a spill-over spa. House was built in 2003, with 3 bedrooms, 2 baths upstairs and a guestroom with a full bath Florida Keys Real Estate and Homes For Sale.
Tarpon Point, an exclusive enclave of 12 oceanfront residences. Designed to meet the ultra-high standards of the developers, these exceptional homes allow for the most advanced building techniques to reside in harmony with one of the worlds few remaining untouched and fully protected marine habitats. The spacious four-bedroom, four-bath homes range from 2,700 to 3,380 square feet of Florida Keys Real Estate and Homes For Sale.
Pelican & Egret at Alligator Luxury Estate, private, gated estate. CBS homes consist of one 3/2 and one 2/2 home. Fabulous sunrises and ocean breezes off the observation deck. Heated pool, summer kitchen. Great vacation rental history. Florida Keys Real Estate and Homes For Sale.
Open Oceanfront Estate with boat dockage, extra wide sandy beach and a oversized pool with waterfall spa. The solid concrete 4/3.5 main home features artistic details throughout including custom ceilings, intricate tile work, a gourmet kitchen with curved granite counter and master bedroom suite with private balcony & sweeping ocean views. This private estate also includes separate guest quarters. Florida Keys Real Estate and Homes For Sale.
Spacious and comfortable oceanfront 5 bedroom/4 bath home with panoramic ocean views and white sand beach. Upstairs level of living offers open kitchen, living and dining with 3 bedrooms/2 full baths and full length open balcony overlooking the ocean. Downstairs living offers two separate queen bedroom suites both with full bath, kitchenette, separate living and dining that opens onto the beach. Florida Keys Real Estate and Homes For Sale.
Endless ocean views occur from this spacious ocean front home. Recently remodeled, the home features a large open living/dining area, spacious kitchen, elevator and rooftop deck. Special features of the home include electric sliding doors, wide doorways, and roll-in showers. With 2/2 up and 1/1 down, this home is ideal for entertaining. Homeownerss park is located nearby for launching Florida Keys Real Estate and Homes For Sale.
Extraordinary oceanfront contemporary homeThe moment you walk in the front door of this modern masterpiece you will mesmerized by the ocean views and Zen ambiance. This oceanfront home was thoughtfully designed by the owner architect to combine contemporary designs, vast windows, and structural integrity to create a modern Miami Beach meets Keys home. Florida Keys Real Estate and Homes For Sale.