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.
Cudjoe Gardens Mini Estate. 160 feet of seawall with a secluded pool and tiki. Great for entertaining or enjoying some much needed privacy. Plenty of room for your fleet of boats. Call today. Florida Keys Real Estate and Homes For Sale.
MAGNIFICENT Ocean estate located on prestigious Duck Key. 138' Deep Dockage This luxury home sits on 3 1/2 lushly landscaped lots. A heated swimming pool/hot tub overlooks the sparkling, blue Atlantic Ocean. High end designer, gourmet kitchen features Blue Louise Granite, Solid wood corbels, wine chiller, Sub Zero, Miele Dishwasher & ice maker. Mahogany front door, sliders & windows are impact. 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.
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.
BEAUTIFUL SUNRISE VIEWS OVER THE ATLANTIC. Large 4 bedroom, 3 bath home on a lot that is over 32,000 sq ft. Large enclosed swimming pool right off the living area. Deep dockage for the boater and fisherman. Possible owner financing up to 50% of purchase price. $50K credit at closing for upgrades. In an area of fine homes in Marathon in the heart of the Florida Keys. Florida Keys Real Estate and Homes For Sale.
Spacious custom canal front home featuring 3 bedrooms and 3 bathrooms. The kitchen is designed for a serious chef. Stainless steel appliances include a Viking gas range and a Subzero refrigerator. The solid wood kitchen cabinetry is custom made out of wild Tamarind by a local craftsman as is the floor molding. The large master suite opens to the covered porch. The lower level features a large Florida Keys Real Estate and Homes For Sale.
Tarpon Point, an exclusive enclave of 12 oceanfrontresidences. Designed to meet the ultra-high standardsof the developers, these exceptional homes allow forthe most advanced building techniques to reside inharmony with one of the worlds few remaininguntouched and fully protected marine habitats. Thespacious four-bedroom, four-bath homes range from2,700 to 3,380 square feet of Florida Keys Real Estate and Homes For Sale.
A winding brick-pavered drive leads you to your more than 1 acre oceanfront oasis. This beautiful home offers spectacular views of the Atlantic and a large screened balcony runs the width of the home offering a great place for dining or just relaxing and enjoying the seemingly endless vista.Featuring an in-ground pool and 150'of sandy beach, giving you choice of swimming, water play or fishing. Florida Keys Real Estate and Homes For Sale.
DESIRABLE VENETIAN SHORES all concrete home featuring 4bd/3ba, interior staircase, large downstairs living quarters, garage, huge open patio great for entertaining, 70' of deep-water concrete dockage with outstanding ocean/bay boating access. Florida Keys Real Estate and Homes For Sale.
Located oceanfront in downtown Islamorada, the historical Gilmore Estate is locally known as the Bay Bourne Houseboat. Situated on 5+ acres, with 300 feet of beach, the Houseboat is an actual 60 foot 1948 Chris Craft with 1 stateroom, 2 baths, a galley kitchen, salon, on the first deck. Top deck consists of a 4-bunk stateroom and private upper deck with wide open ocean views! Florida Keys Real Estate and Homes For Sale.
This is a beautiful home for a large family . It is currently set up as a legal duplex and in the rental program but can easily be converted to a single family residence. The breathtaking views from this property is priceless. With 165 feet of seawall and lots of storage and parking this home has a lot to offer. Florida Keys Real Estate and Homes For Sale.
ULTIMATE PRIVACY! 425 ft of ocean frontage with 2.3 acres of land! Magnificent panoramic ocean views! Gorgeous home has spacious living room, great room, 2 large bedroom suites, plus an enormous master suite, tiled throughout, large maple and granite kitchen, elevator ready, 8 ft doors, 5 spectacular open porches with forever ocean views, 2 large carports and enclosed storage. Fully furnished! Florida Keys Real Estate and Homes For Sale.
Magical Bayfront!Over 125 feet on the bay with expansive views, this 4 bedroom/3bath home is a waterfront playground. It is tropically landscaped and features a bayfront pool with spa, protected deep-water dockage, boat ramp and a 2 car garage. Property has its own private sandy beach and a entertaining beachside chickee. This home is the ultimate in tropical island living 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.
CBS house located just off Tavernier Creek; instant access to both OCEAN & BAY -120' deep water,double wide canal 60' concrete dock with davits.3 story home with bay views! New Master suite with Jacuzzi in bathroom & private patio. Room for a pool & garage.Storage and covered parking all concretemakes this your Keys PARADISE WELCOME HOME ! Florida Keys Real Estate and Homes For Sale.
This property consists of 2 lots directly facing the Atlantic Ocean. 4 bedrooms 2 1/2 baths with cathedral ceilings, screened porch, open BBQ deck, walk around deck, heated custom pool, dock, screened patio downstairs, lush landscaping, circular drive and views that will keep your socks off!! Florida Keys Real Estate and Homes For Sale.
BEAUTIFUL SECLUDED PARADISE ON OVER 2 ACRES. Gated concrete CBS home close to Port Largo. Spacious living area, huge kitchen and amazing balconies. 3 bd/2.5ba with master suite on the third floor. Deep Water Boat slip #23 at Kawama is included which accommodates up to a 30' boat. Florida Keys Real Estate and Homes For Sale.
This Oceanfront Estate is one of Islamorada's top rental income properties featuring 7 Bedrooms total - 4/3 main house & 3/2 Guest House. Almost 1 acre of property located in a zoning category which permits weekly rentals. pacious open living area with spectacular ocean views. Pool,Fishing Pier w/shallow water dockage. Ideally located MM85. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Motivated sellers have reduced price AGAIN! Peace and privacy in Port Antigua! The lovely open floor plan and 3rd floor master suite make this a great home for relaxing and entertaining and deep porch stretches across the waterfront of the home to further extend your living space. A 2 car garage/workshop on the lower level as well as a large deck which leads out to the Tiki, 75ft. dock and davits. Florida Keys Real Estate and Homes For Sale.
This Ocean Front Estate offers beautiful sunset views of the Atlantic Ocean, acreage and so much privacy. Open floor plan with glorious views from every spacious room. Lap pool, garage, outdoor fireplace, pizza oven and cistern. The property has so much offer. The wildlife will amaze you! Florida Keys Real Estate and Homes For Sale.
Enjoy expansive porches with forever ocean views from this 4BR/4BA home in Historic Tavernier. Custom salt pool & spa by Reef Tropical, pier dockage with boat lift, and sandy beach. Spacious home features plentiful tropical breezes & an abundance of natural light plus updated kitchen, new metal roof, and an elevator. Garage plus large workshop/recreation area. Convenient to all local amenities. Florida Keys Real Estate and Homes For Sale.
Newly built 3/3.5 + Den CBS Oceanfront Pool home boasting nearly 3,000 SF! This property is abundant in amenities including an oceanfront pool w/spa & a concrete dock w/cut-in boat slip. The well appointed home is highlighted by picture perfect ocean views from all Living Areas & features soaring ceilings, granite chef's kitchen w/stainless appliances, Anderson Impact Doors & Windows & more! Florida Keys Real Estate and Homes For Sale.
Lovely executive estate located in exclusive Sombrero Isle, with 200ft of waterfront and deep water dock. The magnificent great room has a striking coral rock fireplace, wood cathedral ceiling and walls of windows. With over 5000 sq ft of living area, 4 bedrooms, office, theater room with custom bar, this home is perfect for entertaining clients or large family gatherings. All on an acre of land. Florida Keys Real Estate and Homes For Sale.