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.
Private family entertainment resort/corporate retreat. Protected boat slip & dock, easy ocean access to fish, dive & water sports. 45K gal. L-shaped pool & hot tub, cabana bath,12 seater outdoor bar, lit tennis court, gazebo, palm & fruit trees, tropical garden, 6 porches, garage & carports. Guest suite: 2 bdrms, baths, kitchen, living & dining rm. Game rm, office, 450 gal. sw aquarium & more. Florida Keys Real Estate and Homes For Sale.
OPEN WATER single family home with protected dockage. Over 110 ft of seawalled dock and 76 ft of wood stepdown in your own cut in Boat Basin!! A RARE FIND ! A very large pool and view to be amazed by. Look out over the shelter Bay in Key Colony Beach, Watch the Dolphins at play. Stlited home with so much room inside, Covered parking, Excellent VIEW ! sits on 2 DUPLEX LOTS!! Florida Keys Real Estate and Homes For Sale.
Great ocean front 5BD/4BA pool home with dock and boat lift. Enjoy ocean breezes and open water views from the sparkling pool, patio and upstairs deck. There are also open ocean views from the upstairs living room, dining area and kitchen, as well as from the separate full apartment downstairs. 3BR/2BA up and 2BR/2BA down. Florida Keys Real Estate and Homes For Sale.
Port Largo Pool Home! CBS 3B/2B w Legal 1B/1B Guest Quarters. New Kitchen w Jenn-air SS appl.& Quartz SileStone Counters. This home has it all and is in perfect condition. Private setting with Lush Landscaping. Garage, Walled & Gated w Paver driveway & walkways. 75'Deepwater dockage. Dock w Shore Power, Fish cleaning station, Davits & Vertical Yacht Bumpers. This is a 1 owner home. Call us to see! Florida Keys Real Estate and Homes For Sale.
Summer Sunsets and spectacular open water views all year long.3 BDR. home with large porch over looking the Gulf. Newly remodeled kitchen and baths. In-ground heated pool,spa deep water dock, garage and lots of storage on 1st level. Tropically landscaped. The neighborhood is lovely & extremely quiet...no street noise. Vacation rental property with very good rental history.Call for details. 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 from2,700 to 3,380 square feet of Florida Keys Real Estate and Homes For Sale.
You will love this spectacular Oceanfront home on Duck Key. Wake up to awe-inspiring sunrises in the East and enjoy expansive ocean views from your patio. This home offers 2 Oceanfront lots, 3 bedrooms, 3 bathrooms with room to expand, pool, deep dockage, RV pad.The living area is open and inviting for all of your entertaining needs.Your new home awaits you, come and see the ocean at its best! Florida Keys Real Estate and Homes For Sale.
Waterfront Home on Double Lot! Open oceanfront lot with active building permit PLUS adjoining lot with 4 bed/3.5 bath pool home with ocean views and 45 ft. dock in Marathon. Seller/builder will build second pool home on vacant lot if desired. The 2011 Key West-style home is a successful vacation rental with 2,240 s.f., bamboo floors, French doors, high ceilings & more. Call for details! Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
SPECTACULAR TRUE OPEN WATER VIEWS OF SUNSET FROM 3 LEVELS. Watch the sunset. Fully enjoy the Florida Lifestyle with this turnkey island style home located in the prestigious Stirrup Key gated community. Amenities include high ceilings, granite counter tops, stainless steel appliances and wood cabinets, deeded dock and boat lift in protected marina. Very well maintained. See Supplement for details Florida Keys Real Estate and Homes For Sale.
Exceptional Home! Extraordinary Views! Excellent Dockage! This 5BR/4.5BA meticulously maintained concrete fortress offers stunning views from all rooms. Blue skies, clear bay waters, and manatee visits are in abundance at this perfect location convenient to all local amenities. Deepwater dockage with boat lift and davits provides immediate bay access and quick ocean access via Tavernier Creek. Florida Keys Real Estate and Homes For Sale.
Prime location in the heart of Islamorada. Oceanfront 4 bedroom, 3 bath completed residence with 7 additional building rights on this 2.65 acre property. Pool, spa, dock and tennis court. Create your own subdivision or family compound. Privacy and open water Atlantic Ocean views. Walk or bike to restaurants, art galleries, shopping. World-class sport fishing, diving, kayaking, paddle boarding. Florida Keys Real Estate and Homes For Sale.
Breathtaking panoramic ocean views! Direct oceanfront three bedroom, 2 1/2 bath home offers protected deep water dockage, in-ground heated pool for year round fun. Main level has large living area, kitchen, granite counter tops, custom breakfast area, two bedroom and 1 1/2 baths. Upper level is master suite, walk-in closet and private balcony. Pool overlooks the Atlantic. Additional non-conforming Florida Keys Real Estate and Homes For Sale.
Beautiful Breath Taking Views! Next to Tavernier Creek with 85ft of Concrete dock with davits. Concrete roof And an inground pool with heating system. 6 Bed & 6 Bath Home Minutes from the bay & Immediate ocean access. House is turn key, Fully furnished by interior decorator. Florida Keys Real Estate and Homes For Sale.
boat dock 100'on canal, davits, concrete dock, Stone and Stucco exterior all walled in. Landscaped. Impact resistant Anderson windows A brick paved driveway with 4 car parking, covered screened patio and bar. enclosed storage area, elevator and theater room. Architectural ceilings, many other special features. Owner is builder. Poured concrete and steel 3 story house with elevator Florida Keys Real Estate and Homes For Sale.
BEAUTIFUL KEY LARGO CARIBBEAN STYLE DEVELOPMENT. SIX BUILDINGS W/10 UNITS, ONE SINGLE FAMILY WITH A POOL & NINE OTHER UNITS W/A POOL. HIGH END MATERIALS, VAULTED WOOD CEILINGS, WIDE COVERED PORCHES SITUATED ON 2.2 ACRES ON THE BAY WITH A 5 BOAT MARINA. GORGEOUS SUNSETS, GREAT FISHING & WILD LIFE IN YOUR BACKYARD. WONDERFUL INVESTMENT OPPORTUNITY. ALL PERMITS APPROVED & CURRENT. WATER IS INSTALLED Florida Keys Real Estate and Homes For Sale.
Custom & Updated 2 story Bay Front home. Spacious, open split floor plan. Extra large, Deep 11/2 lots(17,078SF),78 feet on the water. Back faces South and offers spectacular sunsets. Pool & pool bath, cov.terrace,garage/Storage space at ground level. Full service deep water dock can accomod larger boats. Fabulous Master, top of the line materials & decorator touches complete this Tropical Paradise. 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.
Bayfront home on Blackwater Sound. Unusual private protected boat basin, boat house, and beach area. Quaint and charming old Conch style - old Florida home. Fireplace, wood floors & walls in living room. Great for extended families - 3 living areas. Shared dock. Florida Keys Real Estate and Homes For Sale.
In the Heart of Islamorada! Weekly rentals allowed! Ocean front estate w/ forever ocean views. 3rd floor addition that is all master suite w/ floor to ceiling panoramic windows. This 3 bedroom / 3 bath home offers all bedroom suites, elevator, great room, outdoor living space and mature landscaping. Florida Keys Real Estate and Homes For Sale.
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.
Solitude. Serenity. Luxury. Income. This private oceanfront estate resting on nearly 2 acres offers a stunning illustration of contemporary Mediterranean architecture & features a gorgeous infinity edge pool overlooking the Atlantic Ocean and Dove Key. Gracious interior space & a picturesque outdoor setting. Solid rental history - enjoy luxury while you are here and income while you are away.. Florida Keys Real Estate and Homes For Sale.
The Parmelee Estate is a well-maintained yet undeveloped Islamorada haven with an island at its center. The 40-acre property is situated on the bayside of Lower Matecumbe Key and is accessed by way of a private road. Owned by the same family since the 1950's , the parcel is ensconced in 4,000 Jamaica Tall and Maypan coconut palms, silver and green buttonwoods and other native plants that the Florida Keys Real Estate and Homes For Sale.