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.
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.
Enjoy majestic ocean views from this beautiful home located in Gulfstream Village in Marathon. This gem is oceanfront and also has 50 ft of deep water dock frontage on the canal. Featuring 3 BR/2 BA the interior is well maintained and very clean and floors are tiled throughout the home. Enjoy wonderful Keys breezes and watch the sunrise on the private balcony overlooking the ocean. This would be a wonderful opportunity for updating. The lower level offers plenty of space for entertaining guests, boat/kayak storage and spacious parking. Centrally located and close to shopping, restaurants and attractions. 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. First and second floor walls are up and second floor tie beam will be poured shortly and some of the pool work has begun. 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. Features list is in Documents tab. Florida Keys Real Estate and Homes For Sale.
This essential beach house is steeped in history, and offers a relaxed yet captivating coastal comfort. Offering a life of no rules, expectations or protocols, this home is about creating cherished memories with family and friends; sunrises and sunset; sand and sea. Designed so guests may be as included or as private as they choose, no detail has been spared. With four bedrooms and three bathrooms, you have plenty of room to fit the whole family and guests. A cut in boat basin provides ample storage for your water toys and the beach access insures a lifetime of memories for those less inclined to venture out on the water. The crows nest creates the perfect place to wind down the day and watch the sunset, truly offering the best of both worlds... after waking to the sunrise. Priced to sell. Florida Keys Real Estate and Homes For Sale.
A private luxury estate that captures the heart. Three stately living levels with panoramic bay vistas from every room. Ground floor playroom and guest suites open directly to the infinity pool, spa and deluxe outdoor full kitchen. Host long family weekends on the fishing pier with two large boat lifts and sandy cove beach play area. The elevator and two-car garage make access easy and convenient More... Formal dining, granite counters, breakfast island, wet bar, two dishwashers, Sub-zero double fridge, wine cooler, warming drawer and stainless appliances. Open living area with fireplace, Third floor master suite has rich wood floors and ceilings, wet bar and a large balcony for privacy to enjoy the view. Custom soffit ceilings and woodwork details highlight superior craftsmanship 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.
Beyond compare, this Polynesian inspired exquisite keys waterway Harum Designed custom home is 99% complete, pool is in, landscaping is underway. This spectacular home is not to be missed if you are looking for a yachtsmans location w/over 110ft of deep water dockage w/unlimited beam on deep water Hurricane Creek. Cathedral ceilings grace this masterpiece and its 3 bedroom and 3.5 baths is complimented by custom LED lighting, drop down TV. Incredible storage, 2 garages, generous and spacious covered gathering areas. The residence boasts an extraordinary creekside covered balconies overlooking Hurricane Creek with views of the Florida Bay making this a Florida Keys Treasure. The finished work detail is to much to list. Contact agent for full details and showing appointment. Florida Keys Real Estate and Homes For Sale.
Spacious family home on deep water canal with direct ocean and easy bay access. This 6 bedroom/5 bath home has room for family and friends to enjoy all the Florida Keys lifestyle has to offer. Open living room and pretty kitchen with generous porch overlooking the waterfront is the central area for all to gather. 4 guest bedrooms and 2 baths on main living level. Top floor encompasses recreation space for pool table, movies and lounging as well as large master bedroom with ensuite bath and great covered porch. Downstairs offers private 1/1 guest suite. Gated drive, covered parking for boats/cars. Florida Keys Real Estate and Homes For Sale.
Port Largo! Custom Victorian Style Home. New CBS 3b/2.5b, + 1,200 Sq Ft can be 2 extra bedrooms. Total Sq Ft 3460. Huge lot,extra parking Open floor plan. Top of the line SS appliances, gas range and granite counters. Cathedral beamed ceilings. Wrap around Key West style Veranda with views down the canal. Garage has an adjacent additional 800sf air conditioned finished rooms with a full Bathroom. Can be used for guest quarters. Concrete Dock. Walled & Gated with a Courtyard entry. One of a kind Architect Designer home. Near HO Park, boat Ramp & Key Largo Park. Florida Keys Real Estate and Homes For Sale.
Open water home on Florida Bay with dock & boat lift in desirable Buccaneer Point. Unwind in this charming island-style 3/2 on an extra large lot with fenced backyard, hot tub and outdoor shower. Kick back on the open water view screen porch or in the large top floor master with bay view balcony. Offset your expenses with repeat rentals if desired. This perfect Keys retreat is only an hour from Miami. New impact windows (2017) and new metal roof (2015). Dont miss this great opportunity to live on the open water with dockage! Florida Keys Real Estate and Homes For Sale.
Prestigious Venetian Shores, 3rd lot in from Snake Creek and 100 of dockage. This 5 BD/ 5.1 BA + office (6th BD) home offers over 4,000sf of living space - ALL PERMITTED AND ABOVE FLOOD! This home offers incredible space for family gatherings, neighborhood parties or corporate retreats? 2 separate living spaces with 3 BD + office / 3 BA upstairs and 2 BD / 2.1 BA downstairs. Outdoor living space offers a place you will never want to leave - full outdoor kitchen, with has a dishwasher; saltwater system/ heated pool; fire pit, and tiki. 1,000 gallon propane tank for whole house generator, grill and fire pit. Temperature controlled garage or man cave! Low maintenance yard w/ separate water meter. Home has been well maintained and comes furnished. Florida Keys Real Estate and Homes For Sale.
Elegant yet comfortable 3 bedroom, 2.5 bath home on the open bay in Sunset Cove, Key Largo. 1660sf. Bright and open waterfront residence with high ceilings and lots of light throughout. Enjoy picturesque views from your wrap around terrace that flows into your living room, dining room and gorgeous updated kitchen. Impact doors and windows throughout the house. Bonus room downstairs for storage. 60 ft of waterfront with a dock, boat lift and davits. There is even a slide into the bay! Large lot with lots of room for entertaining. This is a special property you must see! Florida Keys Real Estate and Homes For Sale.
LOCATION,LOCATION, LOCATION...Rare find, just steps away from the bay with direct access.This property is located in a very desirable location in Port Antigua. This 3 bedroom 2 bath remodeled home has a private beach and boat ramp. Custom wood cabinetry with Island, stainless steel appliances, Travertine fireplace, Vaulted Ceiling, florida room with sliding glass doors that open up to the bay views and a deep water dockage with boat lift and cleaning station. downstairs has an extra room with storage with all your fishing needs. Seller is motivated and will entertain offers. Florida Keys Real Estate and Homes For Sale.
The Beach House offers forever Ocean Views and 100 of sandy beach; Dock application is in! Home sits on a 1/2 acre which offers plenty of room for a pool. The prevailing winds coming onshore create a nice breeze, enjoy the afternoon shade in the back and conveniently located just minutes from the Heart of Islamorada. 4 bedroom/ 4 bath CBS home with metal roof and over 4,000sf of living space. Enclosed garage large enough to store a flats boat, plus an additional storage room. Electric gate, circular driveway and seconds to Tea Table for going bayside. Newer ACs and appliances; updated kitchen, bathrooms and interior space. The great room captures the unobstructed ocean views ~ a wonderful place to entertain, watch the sunrise and the moon rise. This is a must see! Florida Keys Real Estate and Homes For Sale.
BEAUTIFUL BAYFRONT PROPERTY in desirable Lower Matecumbe! Concrete 2-story home offering 3bd/2ba up and a legal apartment down, all remodeled since Irma. Relax in the open living area and enjoy the gorgeous open water views of the Florida Bay. Wonderful dockage with two boat lifts (24,000lb and 5,000lb). You will love the backyard with sandy beach and poolside deck. 580sqft. garage which opens on both ends and offers ocean and bay views. This home comes furnished with 2 wave runners and golf cart. This is a property that allows you to enjoy the FL Keys Lifestyle! Florida Keys Real Estate and Homes For Sale.
Tranquility on Tarpon Bay ~ This is a rare opportunity to own almost 4 acres on the bay with 200 feet of bay frontage and a stunning residence. Enjoy entering through your own tree lined natural drive where you are greeted at the gated entry by locally quarried coral entrance columns, custom made copper sconces and brick paver driveway. The home immediately commands a presence with the artfully designed roof overhang of synthetic shake shingles designed to enhance the home further from the high pitched concrete roof, complimentary cooper sconces on the columns, double impact entry doors and sweeping stairwell. The newly designed interior will not disappoint with the cathedral styled high ceilings, rare for a concrete roof, and a one of kind sculpted mangrove chandelier highlighted by the Florida Keys Real Estate and Homes For Sale.
Built in 2008, by a local builder as his personal residence, this home boasts a great floor plan. Its 4 bedrooms, living area and kitchen are all on the same and only floor. The pool and rear yard provide the perfect spot for entertaining. With its garage and carport, there is plenty of storage and parking on the ground level. The 70 ft of waterfront has a concrete dock with boat davits. Completing this package is the fact that the property is professionally landscaped and fully fenced/gated, providing privacy. Florida Keys Real Estate and Homes For Sale.
Amazing, turn-key investment property with a stellar rental history. The average occupancy is 46 - 50 weeks a year. This impeccably maintained oceanfront residence has a brand new pool and dock. Large double lot perfectly situated so you can enjoy spectacular sunrises daily. The resort-like amenities create the ultimate escape. With four bedrooms, a bonus room, two living rooms and three and half bathrooms, this is the perfect home for entertaining. Sold furnished with custom furnishings, stainless appliance, granite countertops and custom mosaics. Completely turn-key investment property. Please see documents tab for weekly rental rates. Too many upgrades to list, please see documents tab for a more complete list. This home is the ultimate beach vacation home. Florida Keys Real Estate and Homes For Sale.
An abundance of luxury and elegance in this one of a kind Ocean view estate! With almost 7400sf of open concept living space & BREATHTAKING oceans views & sunrises, this property has all the amenities you need for Florida Keys living. The spacious home has 6 bedrooms, 8 bathrooms. The Grand foyer entrance and wrought iron railings are just the beginning of the quality and luxurious finishes that you will see throughout this home, that makes this a truly unique find in the Keys. The interior features include a home theater, elevator, custom built bar, solid wood cabinetry throughout, marble and granite counter tops/vanities and stainless steel appliances, marble and Travertine floors and exquisite furnishing and decor from a Miami designer to name a few! Florida Keys Real Estate and Homes For Sale.
Brand New Construction with all the bells and whistles. Waterfront 5/3 with storage, pool. 60 dock with lift, plenty of room for all your toys. Direct access to the ocean. Must see!!! Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Paradise awaiting your personal touches.Anchored on St. Thomas Ave in the highly desirable neighborhood of Port Largo, this property has it all. Its gated entry and Chicago brick driveway greet you as you first arrive. The carport offers a great spot for your vehicle and easy access into the kitchen. The main entrance with its elevator to grant access to all 3 floors, opens to 24 ft high ceilings. The large living and dining areas with nearby kitchen conveniently located on the first floor, spill out to the huge terrace at pools edge.The adjacent outdoor kitchen and 75 ft of deep water dockage with boat lift and davits completes the outdoor space. The third floor accommodates the enormous master bedroom with its 2 terraces, large walkin closet and bath. Keys living as it was meant to be. Florida Keys Real Estate and Homes For Sale.
This fabulous custom built home located in prestigious Cudjoe Gardens is one level with a split floor plan, high ceilings & Italian porcelain tile throughout. You will fall in love with this home the minute you step into the gorgeous entry & look through the great room to the unobstructed view of the water & protected wetlands. The wetlands across the canal guarantee total privacy behind the home and will never be developed. The Euro Door Wall System allows rooms to open to the screened back porch making a space large enough for any size group. The porch has a remote controlled Armor Screen Roll-Up System that is hurricane rated. The office is wired with Cat 5 & includes fiber optics internet capability. Florida Keys Real Estate and Homes For Sale.
Ocean Front Estate with 3934 sq ft of living area on a 1/2 acre lot surrounded by native plants and mature Coconut and exotic Palms and .71 acre of bay bottom. There is also a total of 3849 sq ft of marble balconies. Completely renovated in 2016 this magnificent home features marble floors, 4 bedrooms, 4 bathrooms, with an additional bedroom and bath downstairs, Cypress vaulted ceilings, 2 completely separate living areas and kitchens suitable for professional chefs makes this the perfect home for entertaining large families and guests. The massive porches overlook the spa and heated swimming pool with sweeping vistas of the Atlantic ocean and beyond. This custom built home was designed with high end finishes and amenities including deep water dockage, 10,000# boat lift and sandy beach Florida Keys Real Estate and Homes For Sale.