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.
COME HOME TO TRUTLE KEY. THIS OFFERING INCLUDES 2.65 BEAUTIFULLY LANDSCAPED ACRES WITH 4 ADORABLE COTTAGES, AN OCEANFRONT POOL WITH 2 GATED WINDING SAND DRIVEWAYS AND A LARGE CONSERVATION PARCEL FOR PRIVACY. THIS PROPERTY OFFERS AN AMAZING OPPORTUNITY! ADJACENT 2.85 ACRE PARCEL TO THE SOUTH IS ALSO OFFERED SEPARATELY OR TOGETHER. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
This is a fabulous home located central to everything Tavernier has to offer. CBS newly reconstructed home with 95 feet of concrete dockage with a brand new 20,000 lb. lift, cleaning station, 50 amp service plus water. Empties directly into Tavernier Creek for access to both ocean and bay. heated in ground pool with new heater just installed. lots of great tropical landscaping surrounds the proper Florida Keys Real Estate and Homes For Sale.
Brand new construction! This oceanfront home is stunning! The Tarpon Point community is gated and lushly landscaped with amenities such as oceanfront pool, beach, dockage and full service all home generators. This spacious 4 bedroom 4 bath home also comes with an elevator giving access to all floors of the home. The kitchen is equipped with high end, stainless steel appliances Florida Keys Real Estate and Homes For Sale.
Fantastic development opportunity in the heart of Islamorada, Florida Keys! One-of-a-kind waterfront site with over 300 feet of walk-in sandy beach, panoramic views nestled in this most sought after, private serene Island Life setting. Perfect for a family compound or residential development, this hidden gem reveals a unique Houseboat which can become the home of your dreams. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
This remarkable property is situated on an oversized lot surrounded by lush tropical gardens. Recently remodeled offering vaulted tongue and groove ceilings and rich hardwood floors. Showcase kitchen features wood cabinets, stainless steel appliances and granite counter tops. The main level includes 2 inviting bedrooms with marble baths and the ground level offers a private guest suite. Unique 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.
Key Largo home with open concept and lots of natural light and cathedral ceilings. Youll have plenty of room for the entire family in this 2016 square feet home with 3 bedroom/2 bath plus a 2 car garage. 100ft of concrete dockage with davits.Also includes adjacent vacant lot with active building permit. combined is half acre canal front property. Or keep separate the vacant lot to build 2nd home. Florida Keys Real Estate and Homes For Sale.
150 of Dockage in Port Antigua & over 3,000 sqft of living space! Main living level features updated kitchen, open concept dining & living space, spacious screened-in patio, master suite & guest bed & bath. 3rd Floor showcases the Owners Suite with walk-in closet, private balcony, large living area with fireplace, wet bar and library. Downstairs has permitted bath and plenty of storage! Florida Keys Real Estate and Homes For Sale.
Endless open water views with spectacular sunrises and sunset colored skies await you in this Key West styled estate. Walk the natural sand beach or enjoy your privacy at the large pool set amongst the mature landscape. This is a custom CBS home built with great attention to details. Custom cabinets accent the kitchen and the breakfast nook and the cherry hardwood flooring is throughout the home. Florida Keys Real Estate and Homes For Sale.
Ideal Keys Home! Not a drive by! Rock solid 3/2 plus downstairs party room, renovated 2013, CBS, metal roof, impact windows/doors, bay views, clean canal, 2014 pool w/ heater/chiller gets afternoon shade. Excellent location for boating, shopping and dining. Immediate bay and easy ocean access. Many outdoor entertaining areas! High end finishes throughout. Move in ready! Furniture negotiable. Florida Keys Real Estate and Homes For Sale.
Custom waterfront home offers concrete dock with 6k boat lift, whips and floating dock, fresh & beautiful landscaping, gas tiki torches and fire pit, salt combo pool and spa, expansive outdoor porches with stone decking and impact windows. Interior features include teak wood floors & doors, breathtaking 16vaulted ceilings & chefs kitchen. Meticulously maintained and turn-key. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Privacy abounds in this beautiful waterfront home with tranquil views sitting on almost a half acre lot! Offering over 3700 square feet of living area in a serene setting with gorgeous views overlooking a wide canal and the native Eagle reserve. The open floor plan features 4BR/ 4.5BA, an office/den, Dade County Pine cathedral ceilings, and an elevator. The beautiful landscaped outdoor area Florida Keys Real Estate and Homes For Sale.
Ocean Front PLANTATION SHORES IN TAVERNIER! Custom built CBS home by a premier builder, architecturally designed Great room features an Island kitchen, 3 en suite bedrooms, a pitched concrete roof that creates a frame for the breathtaking views of the Atlantic as you enter the home. Panoramic ocean views from the entire east side living and porches provides serenity and ocean breezes every day. Florida Keys Real Estate and Homes For Sale.
Stunning one of a kind home perfectly situated to take in the panoramic views of the Florida Bay. This superior home has been meticulously planned and custom built with attention to every fine detail. The magnificent foyer greets you as you enter this bright and airy custom home leading to the spacious open floor plan that includes a large game room, kitchenette and outdoor terraces to take in Florida Keys Real Estate and Homes For Sale.
Gorgeous Plantation Key Canal home.Perfect for large family, plenty of room for entertaining.Set up to play with 15,000 lb.boat lift and room for all the water toys. Florida Keys Real Estate and Homes For Sale.
MAGNIFICANT OCEANFRONT ESTATE situated in Islamorada on 1.7 acres! The expansive floor plan takes advantage of the breathtaking oceanviews in this 5 bedroom, 3 bathroom home with gorgeous winding staircase leading to the 2nd and 3rd floor with over 3800 sqft of living space. Spacious beach area, pool, gated entrance and gorgeous sunrises! This is a property to enjoy the Keys in pure Luxury! Florida Keys Real Estate and Homes For Sale.
Built by the owner with only the finest and most luxurious appointments, this water-front home boasts 130 ft of dockage with open water views. As you enter this exquisitely designed home, you are greeted with an expansive living area. Also on the level is the guest half bath, the kitchen with custom cabinets and stainless appliances and the dining area (which overlooks the pool area. On the next Florida Keys Real Estate and Homes For Sale.
Beautifully furnished Tarpon Flats unit with great views of the bay. Main floor includes living/dining area, kitchen, 2 bedrooms and baths. Third floor has master bedroom/bath, office, dressing area and 2 walk-in closets.Porches off of both levels with views. The common property has a pool, tennis court, greenhouse and dockage. Property is gated and full time caretaker. Florida Keys Real Estate and Homes For Sale.
Designed to meet the ultra-high standards of the developers, this spacious four-bedroom, four-bath homes features 2895 sq. feet of air-conditioned living space. Interior has beautiful ocean views, granite counters, wood cabinetry & high end stainless steel appliances along with an elevator. The community itself featured a gated entry, tumble paver driveways, extensive tropical landscaping 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.
Venetian Shores CBS home on an expansive double wide lot offers terrific boating access to the ocean or bay via Snake Creek. The home has 2 bedrooms & 2 baths upstairs (with elevator), living, dining, laundry room & large enclosed porch. Interior stairs lead to legal bedroom, bath, kitchenette & craft room/workshop with own entrance. 140 seawall, concrete dock, davits & fish cleaning station. Florida Keys Real Estate and Homes For Sale.