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.
Move in Tomorrow in this Turn Key Home in Desirable Venetian Shores. Great location - 3rd lot in from Snake Creek. This area is known for deep water dockage, multi-million dollar homes and easy access to Atlantic Ocean (via drawbridge) and Florida Bay. 5BDS/ 5.5BTHS + office (6th bedroom), with 4,000+ sf of living space, 10,000sf lot and 100 of dockage. Master suite addition (2014), separate living space downstairs for guest (above flood and permitted) completed in 2008. Each floor has their own laundry. Meticulously maintained home is well appointed. ALL ABOVE FLOOD & completed with permits. ACed garage, heated / chilled SALTwater pool (2013) w/ hot tub & cascading waterfall, outdoor kitchen w/ custom starboard cabinets, dishwasher, ice maker... Florida Keys Real Estate and Homes For Sale.
Come home to Turtle Key. This offering includes 2.65 beautifully landscaped acres with 4 adorable cottages, an oceanfront pool with 2 gated winding sand driveways. A large conservation parcel is also included for privacy. This property offers an amazing opportunity! Adjacent 2.85 acre parcel to south is offered separately or together. Pre-Irma photos Florida Keys Real Estate and Homes For Sale.
PLANTATION KEY CANALFRONT home in IMMACULATE condition located in a DESIRABLE SUBDIVISION surrounded with PRIVACY! Spacious 3bd/2ba up with legal 1bd/1ba apartment down. New interior and exterior paint, brick-paved drive, 70 concrete dock, easy ocean/bay access. Florida Keys Real Estate and Homes For Sale.
SPECTACULAR BOATERS DREAM ON TAVERNIER CREEK WITH GORGEOUS VIEW. Pool & spa home offering quality construction on over sized waterfront with immediate access thru Tavernier Creek to both back county and deep sea fishing. Prime dockage for up to 5 boats, has 3 boat lifts. 4 bedrooms 4.5 baths in pristine condition, a Chefs gourmet kitchen including top of the line appliances, an open floor plan is bright and spacious with waterfront glass wall to enjoy the view. Step outside to the amazing entertainment area with a state of the art outdoor kitchen. Walled & gated with Chicago brick drive way. Quiet area of fine homes. 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.
A multitude of opportunities arise at this oceanfront property. Existing 2 bedroom/2 bath home has been adoringly restored with a beautiful pool, spa, and deck overlooking the boat basin, peninsula and the sparkling ocean beyond. The Village recognizes 4 single family home building rights and 3,255 square feet of commercial building rights attached to this property. Pre-Irma photos Florida Keys Real Estate and Homes For Sale.
4/2 Waterfront home in Tavernier- Oceanside. Concrete Home Completely remodeled 4 bedrooms 2 bathrooms- 2/1 on the 1st floor with full kitchen, living room, bathroom and laundry room. 2/1 upstairs with full kitchen and living room- spacious bedrooms- impact windows-canal/waterfront -65 foot concrete dock with 15,000 LB elevator boat lift- Tiki Huts, fish cleaning station-This clear canal flows directly to Tavernier Creek to easy access to the ocean and the bay.. Florida Keys Real Estate and Homes For Sale.
Suenos Del Mar, with completed concrete shell, is an extraordinary 3,890 square foot Coastal Island Style home with outstanding ocean views & 140 feet of protected dockage. Custom-built & expertly designed with meticulous attention paid to every detail & fine craftsmanship throughout. This architecturally striking, state-of-the-art, 3-story, CBS home with 4 bedrooms, 4 baths and two half baths is scheduled for completion in June 2018. Custom top-of-the-line finishes, and chef-level appliances include Thermador 48 refrigerator, 2 Bosch dishwashers, 48 Thermador range & chimney hood, Marval beverage cooler, Sharpe microwave drawer and 36 grill. The kitchen back-splash will be Tommy Bahama brand glass tile and counter tops to be 1 1/2 Quartzite. Florida Keys Real Estate and Homes For Sale.
PRICE REDUCTION on this Resort style home! One of a kind property located on two oversized lots bordering private airstrip & steps from private marina (2 boat slips offered with this property). Immerse yourself in this tropical paradise with the custom pool and waterfall, beach entry, Jacuzzi, huge chiki & extensive entertaining area. This remodeled concrete home offers a concrete roof, cathedral ceilings throughout entire home, expansive open living, remarkable kitchen, 4 large bedrooms on one floor including master suite with huge walkin closet, florida rm, laundry & outdoor porch. Other features include a roof top deck, 900 sq ft of downstairs storage/garage, open hangar for plane with tie downs, fully fenced property, all impact windows & doors, granite & quartz counters, & much more Florida Keys Real Estate and Homes For Sale.
Elegant, multi-level, solidly built oceanfront home in Tavernier with a gracious interior that affords some of the Florida Keys finest views of the Atlantic. A statement making, yet intimate house, with a light & airy interior, just right for entertaining or hiding away. Every fine detail of this home epitomizes Keys style with 3 bedrooms, 3 baths as well as an office, bonus den & bath at the ground level, complete with a full bar, 2 enclosed garages, covered lanai & private roof top deck. Over 60 feet of protected dockage with boat lift, davits & fish cleaning station with direct ocean access & no bridges. Close to the shopping & restaurants of both Key Largo & Islamorada. Enjoy the beauty of ocean life, with living reefs, bonefish flats & world class fishing just off your dock. Florida Keys Real Estate and Homes For Sale.
Oceanfront Estate with Deep Water Dockage. Rare opportunity to own or redevelop! One of the few private estate parcels in Islamorada with 400+ ft. of waterfront on 4.3 acres of upland and some of the deepest oceanfront dockage in the Keys. Winding driveway leads through tropical gardens to the 1934 settlers beach home which is now an updated 3/3 with relaxing Old Florida feel & open ocean views. Zoning allows for weekly vacation rentals. Truly private with no neighbors in sight until the end of the dock. You must experience this property to appreciate the hush of the palms and the historic, peaceful old island magic. Call to arrange a private showing. Florida Keys Real Estate and Homes For Sale.
Architecturally inspired by Italian Old World charm, this modern Mediterranean oceanfront estate is situated on a peninsula on the Atlantic Ocean in exclusive Ocean Cay, Key Largo. This luxurious estate home, on over 13,000 sq. ft. of ocean front land features ultimate privacy with superior CBS construction, a four car garage, electric shutters, electric gates, elevator, 5 central AC units and over 5500 square feet of living space on 3 levels. Majestic palms and the grand mahogany doors invite you into this four bedroom, five bath estate home filled with an abundance of natural light. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Keys living is easy in this impressive, generously spacious water-front residence.The open floor plan on the 2nd floor encompasses four spacious bedrooms with plenty of room, 2 luxurious bathrooms, a sleek and stylish gourmet kitchen that flows through to the dining and living areas and a terrace at waters edge.The 3rd floor boasts an expansive master bedroom complete with a huge walk-in closet and en-suite bath, an enormous game area and a theater area also with its own bath. The master bedrooms terrace ensures its occupants have a private space where they can enjoy the water views. The permitted ground floor has a bedroom, bath, living area and kitchenette making it the ideal guest quarters. Completing this perfect Keys retreat is the 70 ft. of dockage with easy ocean and bay access. 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.
Coastal contemporary; This 3 bedroom 4 bath home in Port Antigua has sparkling white tile floors, elevator, chefs kitchen with center island, quartz counter tops and gas cook top, Italian glass tile accents throughout. Dazzling sunsets from living, dining and roof top terrace. Dramatic architectural features make this a truly special home. Situated on an oversized corner lot with 100 ft of canal, 17,000 lbs. boat lift and 2 davits. New oversized 1 car garage/workshop with overhead storage, attached office/tackle room with climate control and custom storage cabinets. One street from the breathtaking home owners beach and community boat ramp. Florida Keys Real Estate and Homes For Sale.
This gated ocean front estate is situated on over 2 acres cocooned by lush tropical gardens and features an old Chicago reclaimed brick circular driveway.The grand home offers a stately open living area and a gourmet kitchen with 2 islands offering Padagonia granite countertops, seats 8,and top-of-the line appliances. Three private guest bedrooms each features spacious balconies and outdoor showers. The enduring master suite offers walls of closets, oceanfront media sitting area, a gorgeous master bath and private outdoor shower. The third floor home office features a wet bar and outdoor porch with ope water views. The inviting outdoor covered living area is perfect for entertaining and includes well over 2,500 sq ft. with custom outdoor kitchen and granite counter top that seats 16.The Florida Keys Real Estate and Homes For Sale.
Boaters dream! Spacious 2 story family waterfront home in one of Islamoradas premium neighborhoods offering protected dockage on a wide clear canal with instant ocean & bay access. 100 dock with boat lift & davits. 4 bedrooms, 3 baths, attached garage. The central island kitchen is the heart of the home. Outside orchid house, mature landscaping & fruit trees. Photos are pre-Irma. Florida Keys Real Estate and Homes For Sale.
Chateau des Caraibes - Chateau CaribbeanSituated in one of the most notable and desirable residential enclaves in the Florida Keys, Americas Caribbean, is a chateau worthy of a place in the French countryside. Ocean Cay Estates is a private, gated community located on its own peninsula in famed Key Largo, the first of the Keys closest to the mainland.Chateau Caribbean features superior and substantial construction nestled among swaying palm trees and other tropical foliage. Erected by a noted local builder to the owners exacting specifications, the residence features Concrete Block Construction with a metal roof. An irrigation system services the grounds and a paver driveway fronts the enclosed two-car garage. Florida Keys Real Estate and Homes For Sale.
This waterfront residence is the epitome of an ultimate tropical oasis and was masterfully designed to blur the lines of indoor and outdoor space. The newly refinished pool & spa is elevated to the main living and entertaining level & includes a gas heating system , a salt generator and Pentair control system. This home boasts expansive new Sentinel impact glass windows, a luxury elevator, floor to ceiling sliding doors, 8 ft solid core interior doors, dentil crown molding with indirect lighting, gas fireplace in living area, and an over-sized den. French colonial kitchen with new Viking appliances ,including gas 5 burner range, granite counter tops & kitchen island. Breathtaking views from every vantage point punctuate this exquisite location on sought after Buccaneer Point. Florida Keys Real Estate and Homes For Sale.
Over 200 feet of open water view .One of the largest open water views, located in the center of down town Islamorada. Perfect for family compound or rental units.Deep water dockage with protected basin and boat ramp. Plus guest house with 3 bd 2 baths. Both home qualify as 7 day rentals Dont miss this opportunity to live on the open Bay in down town Islamorada. Florida Keys Real Estate and Homes For Sale.
OSPREY Residence: Stunning new oceanfront home - This custom home has it all - 4 bedrooms and 4 baths with an elevator. The views are incredible from inside the home or from one of your oceanfront terraces with porcelain wood plank flooring. Custom construction and finishes throughout - Florida Keys Real Estate and Homes For Sale.
Port Antiguas Grand Canal awaits your vessels arrival, power or sail, on the Grand Canal with 75ft and 5 plus feet of draft at this masonry built 3 bedroom 3 bath PRE-FIRM residence in one of Islamoradas premier waterfront communities. Spacious floor plan of approx. 2112 square ft on approx. 75x120 lot. Full Garage and carport, partially fenced yard, sandy beach area overlooking the Parmele Estate. Strait shot to the Bay with immediate access to Ocean, gulf and back country for all your fishing, diving, snorkeling, cruising, sunset and water related adventures. Private community beach and boat ramp for the exclusive use of Port Antigua residents. Close to restaurants, charters, shopping and entertainment. Call today for appointment! Florida Keys Real Estate and Homes For Sale.
Waterfront 4BD/3BA concrete pool home in one of Islamoradas best neighborhoods! Perfect for boating with 60 concrete dock & davits and water/electric at dock. Only a few homes from the open bay. Gorgeous heated pool, large porch, landscaped yard & top deck with open water views. Upstairs 3/2 with separate 1/1 down. Upscale finishes and charming touches! Neighborhood park w/ boat ramp. Florida Keys Real Estate and Homes For Sale.