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.
Bayfront Resort with panoramic open water views! Spectacular Bayfront Home, featuring 120 feet of waterfrontage situated on 1 1/2 lots. Beautiful in ground free form pool and spa overlooking the water, enjoy Cocktails at your gazebo or simply relax under the Chickee hut, there is space for everybody with plenty of room to roam, you can even enjoy a roof top deck that is simply priceless with amazing views! This is the perfect home for entertaining family all your guests!Launch your paddleboards and kayaks in your back yard, along with your skiff on your floating dock, you also have two slips in the Marina, one with lift, within 1000 feet from the house for your offshore boats, featuring immediate Ocean and Bay access! Plenty of room for all of your water toys! This home offers an Florida Keys Real Estate and Homes For Sale.
PLENTY OF ROOM FOR YOUR YACHT WITH 140FT. OF DOCKAGE! This ultra modern home with exceptional architecture features a gorgeous open floor plan with expansive windows on all levels, beautiful open kitchen with Bosh & Sub Zero stainless steel appliances. The first level includes a large open room/bedroom, full bathroom & a laundry room. The 2nd level features an open kitchen & great room with a powder room and a large waterfront master suite. The 3rd level has a bedroom/office & a full bathroom including an outdoor bar overlooking the pristine waterway. Located on 2 lots with 140ft. of dockage with 2 boat lifts, a cut in boat slip, and 2 car garage with a large tackle room. Located in beautiful Venetian Shores with immediate bay & ocean access. This home truly has it all! Florida Keys Real Estate and Homes For Sale.
Spectacular views and protected dockage in Port Antigua. Brand new construction with Coastal Living style and 134 ft. of protected dockage. Scheduled for completion in mid 2019. Ground floor has been poured and walls are in place. Forms for second story floor are under construction. The price will increase as construction progresses. Plans are for a 4 bedroom 4 1/2 bath 2 story home with 2 car garage, tackle room, interior staircase, elevator, pool and spa. Florida Keys Real Estate and Homes For Sale.
Magnificent ocean front pool home with boat basin situated on over a 1/2 acre lot! Main home is completely updated and boasts an open floor plan with 3 bedrooms, 2 baths, vaulted ceilings, wood floors and an observation deck. The large lanai over looks the Atlantic ocean and swimming pool! There is also a separate very charming Cabana house with one bedroom, 1 bath, living area and tile floors over looking a beautiful sandy beach area! A must see! Used as a vacation rental with a great income! Call for details! Florida Keys Real Estate and Homes For Sale.
Boaters dream! Double lot, double seawall 175 deep-water canal with two boat lifts 12K lb and 7K lb and one 1,500 lb jet ski lift! In the heart of desirable Key Colony Beach minutes from the Atlantic and the Gulf, this DSign Source family home has 2,400SF of living. The adjacent lot has a salt pool with seats, 2 cabanas complete with kitchenette, bathroom, gas grill, covered lounging area with surround sound. This tropical oasis safely boasts hurricane protection roll down shutters, two-car garage, mosquito control, low voltage security system, high ceilings, cedar closets, upgraded AC, and a built-in generator. Look no further than this one-of-a-kind island retreat, ideal for boaters, fishermen and relaxation. Or if you fancy a motor home, there is electric hookups for one on property. Florida Keys Real Estate and Homes For Sale.
This 1971 original beach house has been entirely renovated, complete with brand new top floor master suite addition. Fresh coastal design, solid CBS, 3bed/2bath with 1/1 legal downstairs quarters and storage, covered carport plus canal front lot with protected dockage, boat lift, pool, bar and tiki hut! This property has all the amenities any Keys homeowner could imagine! Must see to appreciate the beautiful interior finishes, panorama ocean views, and fantastic outdoor spaces. Florida Keys Real Estate and Homes For Sale.
BOATERS DREAM in PREMIER VENETIAN SHORES! Spacious and well-maintained SOLID CONCRETE home offering 3bd/3ba, legal downstairs living quarters. Relax POOLSIDE in a custom concrete pool with spa! 70 of concrete DEEP-WATER DOCKAGE and 100 wide canal! Immediate ocean and bay access through Snake Creek! Florida Keys Real Estate and Homes For Sale.
Overlooking the Atlantic Ocean is this peaceful 2.32 acre gated beachfront estate. Remodeling renovations have started and are waiting for the perfect finishing touches. This home features two bedrooms and office on main level with an entire 3rd level master suite. Oceanfront pool, boat basin, tennis court and a multi-car garage completes this exclusive private property. Florida Keys Real Estate and Homes For Sale.
This gorgeous, all concrete pool home has been completely renovated from top to bottom with an open checkbook, no expense spared! Originally built 1966, This home has been completely renovated in 2018 down to the concrete walls and ceilings. New plumbing, new electric, new flooring, new kitchen, new appliances, new bathrooms, new interior doors, trim, new hardware, new Andersen impact windows and doors,new air conditioning and ducts, new dry wall,brand new pool with travertine deck. Situated on a wide canal basin and only 6 lots to Florida Bay. 3 Bedrooms, 2 Baths, Living Room with fireplace up and 1 BR, 1 BA down with separate entries. New sea wall cap, private boat slip, finished with Ipe Wood. Chicago Brick driveway complemented by professional landscaping and new sprinkler system. Florida Keys Real Estate and Homes For Sale.
Renovation is almost complete! This spacious bayfront pool home with sandy beach and pool gazebo epitomizes Coastal Chic. Large sliding glass doors provide open views of Florida Bay. Gated and landscaped for privacy this home is a must see! The pavered driveway leads to the 2 car garage and bayfront home. Enter into the gracious entrance foyer and come up the stairs to the open and welcoming living, dining and kitchen area with views of the bay. The kitchen features white shaker cabinets, a very large center island, quartz countertops and a tiled accent wall. Enjoy stunning bay views from the 3rd floor master suite complete with separate sinks, soaking tub and separate shower. The gazebo by the pool features pocketing sliding glass doors, bar and a full bath. Florida Keys Real Estate and Homes For Sale.
Absolutely no damage from Irma!! Exceptional Venetian Shores home w/100ft. dock and views of Snake Creek! Move right in to this 5 bedroom beauty with an ELEVATOR! Featuring a private master suite on the 3rd level, gourmet kitchen w/open living and dining areas and soaring Cypress ceilings. Full guest quarters downstairs w/huge garage & separate tackle room. 15,000lb. Boat lift and 5,000 lb.davits & 2 fishcleaning stations on the dock. Beautifully landscaped with fruit trees, exotic palms and orchids. This home has plenty of storage, Plantation Shutters throughout and a screened porch which encompasses the second and third levels. 3 separate air conditioners for climate controlled comfort as well as a central vacuum system. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
GREAT CATCH FOR FISHERMEN AND BOATERS, Love Diving? Love Snorkeling? Love Fishing? This is the house for you.Newly Remodeled Two Story Turnkey Home in upscale community of Port Largo 5/5 WITH 75 FT DOCK with 35 FT Lift and Davits,direct ocean access. 4,400 SQUARE FEET. Pool, Tiki Huts for entertaining by the pool. Lots of room for a Huge Family. Also, a great source of income for monthly rentals. Possible Owner Financing for the right Buyer. 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.
Picroc Ali, also known as The Historic Russell Estate, boasts 7.69 luscious acres of some of the most beautiful land the Florida Keys has to offer. Situated on the Florida Bay, this lovely estate offers 600 of private canal frontage with protected dockage, an elegant pool & spa and private gated entry with long winding driveway. One can enjoy gorgeous sunsets year-round at this supreme location. With over 4,500 square feet of living, this 5B/5.5B home is constructed of CBS block with a concrete roof. The layout of this well-thought-out residence affords full privacy in the master suite and all of the guest suites. The elevator and 4 enclosed garage bays are centrally and conveniently located. Florida Keys Real Estate and Homes For Sale.
Oceanfront property zoned Suburban Commercial perfect for anything from a wedding venue, with its allowance for vacation rentals, to a multitude of other commercial uses or purely a full time residence. This property has it all: a sandy beach, dockage, privacy, amazing views, and a pool. The second floor of the home offers a 3/2 living space overlooking the ocean plus an office. The first floor has two 1/1 apartments each with their own kitchen. Come see why this a great investment opportunity. Florida Keys Real Estate and Homes For Sale.
Paradise Found. Completely renovated Key Largo Oceanfront Mansion w 150 ft Dock w huge oversized lotOwner Financing Available. Florida Keys Real Estate and Homes For Sale.
Waterfront Find in the Florida Keys. Located in Port Largo at mile marker 100 on the oceanside, this single family waterfront home boasts 80 feet of dockage with immediate ocean access. Designed with entertaining in mind, large living area, split bedroom plan, upstairs patio with canal and ocean views and a built in summer kitchen with Alfresco grills, which come with a lifetime guarantee. Perfect for your outdoor, waterfront dining pleasure. Amenities include: 11,000 lb boat lift. 6,800 lb davits, 2 car garage, brick paver driveway, CBS poured pre-stressed concrete construction including roof, commercial impact windows and sliding glass doors (security and impact rated, and so much more! Please contact your agent to schedule an appointment to preview this fabulous home. Florida Keys Real Estate and Homes For Sale.
A rare opportunity to own a perfectly located and expansive bayfront estate in Key Largo! This gorgeous 4 bedroom, 4.1 bath home has everything and more! Theres no shortage of windows on this home to enjoy endless sunsets and panoramic bayfront views. The open living area includes a spacious kitchen, dining room and library. Each bedroom includes its own private bath. This amazing dream home also features garage parking for 3+cars, beautiful landscaping, a large heated swimming pool, a private beach, a 100 ft dock, relaxing covered porches, as well as balconies off the upstairs bedrooms. This home was thoughtfully designed by the owner/architect and and built in 2006 with the highest structural integrity. Florida Keys Real Estate and Homes For Sale.
MAKE YOUR LIFESTYLE CHANGE AT PINEAPPLE PLANTATION! Are you ready for year round sunsets and panoramic bay views from this elegant custom built home? Start by entering this gated estate, meander through the extraordinary grand entrance leading you to an expansive great room with soaring ceilings and over 8,000 sq. ft. of living space offering chefs kitchen, media room Florida Keys Real Estate and Homes For Sale.
ENDLESS OCEAN VIEWS right out your backdoor of this inviting 2bd/2ba POOL home! This large highway to ocean parcel will take your breath away. Comfortable open living floor plan that opens up to a spacious pool deck, great for entertaining, where you can cool off and enjoy the ocean views. Zoned Residential Estate allowing WEEKLY RENTALS. Rental history available. This property will allow you to truly enjoy the FL Keys Lifestyle! Take pleasure in excellent offshore fishing or backcountry fishing. Fine restaurants and shopping nearby. You will fall in love! Florida Keys Real Estate and Homes For Sale.
Endless Ocean View Home on 2 Lots. CBS home w Concrete Roof. 2Bd/1Ba upstairs and 1Bd/1Ba pre-firm downstairs, and Garage. The Lots are over 8000sf each and each lot has its own boat slip, together 150 feet waterfront. This is a great Oceanside location, south of John Pennekamp for the spear-fisher, and Lobster on the flats 100 yards from your dock! This could be a Family Compound. Other choices are the Lots have separate RE#s and a new house could be built on the Vacant lot closest to the Ocean. The current home could also be remodeled as a 3 story home. Investors and Builders this could be for you. Florida Keys Real Estate and Homes For Sale.
OWNER WANTS TO HELP YOU FINANCE! This gorgeous three story home is located on a canal with quick access to the ocean with partial ocean views! The beautiful heated dolphin pool w/hot tub sits just outside the cabana room with a built in grill/kitchen area and huge block paver deck. The dock has a boat lift, davit, water, and electric for all your water toys. Its a must see, 5 bedroom, 5.5 bath home with an elevator designed for lavishness entertaining or just relaxing. The gourmet kitchen has three long granite countertop islands making it a Chefs dream with all SS appliances. On the main floor aside from the kitchen is an open dining room and separated open living room. However, while on the main floor, youll see another side to this home that could be closed off. Youll find Florida Keys Real Estate and Homes For Sale.
Stunning waterfront home barely used and offered furnished ready for immediate enjoyment! Three story concrete home, metal roof, impact windows/doors, double carport, interior staircase, four ensuites, expansive porches, open living, granite counters, travertine floors, custom kitchen, laundry room, so much more. Everything in impeccable condition in this bright and open residence. 65 feet of waterfront with 40ft concrete dock, ready for boat lift. Deep water access, excellent for large boats. Enjoy the ammenities of the Port Antigua sugar sand beach and boat ramp. Florida Keys Real Estate and Homes For Sale.