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.
The Heron House at Tarpon Point overlooks the ocean front pool and offers open water ocean views. This spacious 4 bedroom, 4 bath home is well appointed with custom cabinetry, granite counters and elevator. Chefs kitchen with stainless steel appliances and dual-fuel Wolf range. Whole house generator, California closets and impact resistant windows and & doors. Amenities include beach, dock, tropically landscaped gated community. Call for your tour today. Florida Keys Real Estate and Homes For Sale.
No expense has been spared during the complete renovation of this Prestigious Port Antigua home. The community boasts a fabulous bay front beach and private boat ramp for residents only. Experience serenity upon arrival at this tropically landscaped home with circular paver drive and views of the sparkling canal. Follow the stairwell to the main entrance, or use the elevator from the carport to enter this lovely home where everything is new. Step onto Snow Pine porcelain flooring throughout. High ceilings with LED lighting evoke the sensation of extra spaciousness. Windows and doors are all impact resistant with Plantation Shutters. The kitchen is bright and airy with custom cabinetry, quartz countertops and mosaic tile backsplash, including an island providing additional cuisine prep Florida Keys Real Estate and Homes For Sale.
Rare opportunity to acquire a quarter of an acre private stellar custom home located in the quiet pristine Sugarloaf Shores neighborhood. Gated and secure for privacy, this 2 story CBS property features a sunny Florida room entry with hardwood floors, upgraded kitchen with stainless steel appliances, incredible 3 bedrooms with en suite bathrooms, accommodates up to 4 cars, room for a game area, formal dining room overlooking premium water views, detached enclosed Orchid house, large entertainers yard with mature landscaping, with canal front. A boaters dream! The possibilities and potentials are endless. This one-of-a-kind property, in a world-class location. Florida Keys Real Estate and Homes For Sale.
Come see this charming Port Largo pool home with 75 ft of concrete dockage and direct, deep ocean access. Youll love the cozy layout of this homes 3 bedrooms and 2 baths, with its expansive terrace overlooking the pool and water-front. The downstairs offers a great storage area along with plenty of room to entertain and unwind. The pool, gazebo and bar area, with a privacy wall, offers the perfect backdrop for the laid back Keys lifestyle. It is situated in one of the best neighborhoods in the Upper Keys, with a homeowners park (boat ramp, community dockage and beach) AND a community park (tennis, basketball courts, jogging track and much more). This property is located only 50 minutes from Miami; but yet is worlds away. Florida Keys Real Estate and Homes For Sale.
Best Boating in the Keys! Desireable Venetian Shores 4 bed / 3 bath home with immediate ocean and bay access via Snake Creek from a 70-foot concrete dock with davits on a 100-foot wide canal. This solid-built concrete home offers a 3/2 upstairs with open kitchen, Florida room, and gorgeous porch. Roof Garden for entertainment.Legal downstairs AptOwner/Agent Florida Keys Real Estate and Homes For Sale.
Meticulous in Port Largo w Park at the end of the street w kiddie Pirate Ship & Olympic size pools, water aerobics.,skateboard park. tennis courts, YMCA, and sanded kiddie area. 4/3 up 1 FT ABOVE BASE FL 1/1 dn. Concrete wall w electric gate entry. Parking for RV & trailer w power. Metal roof & high efficiency ACs in 2017. Roof solar panel &electric heater. Heated pool year round&hot tub w sunbrellla curtains for privacy. carport parking, workshop w power+3 built in storage west side. Dock w boat lift & davits+extra wide dock allows boat to swing in on davits & rest on chocks so you can use your dock. 2 ladders, fish station 75 ft dock. 50 amp shore power. Walk around balcony w front and rear stairs. Privacy pool landscaping w sprinkler system & lighting. Brick pavers accordion shutters Florida Keys Real Estate and Homes For Sale.
Tri-level contemporary Key Largo estate in prestigious Stillwright Point offers direct access to Blackwater Sound. Setback from the open bay, this stylish waterfront property combines the best of traditional coastal living with the convenience of 120 feet of deep water frontage with easy access to Blackwater Sound. Situated on a 2.5 oversized-waterfront lot the open and newly renovated property is perfect for entertaining both indoors and out - featuring a dedicated terrace on each floor with impact glass windows and doors revealing direct bay and sunset views. Additional features include private elevator, laundry room and 2-story great room with accent lighting, custom quartz staircase, and marble flooring throughout. Expansive open kitchen with top-grade appliances Florida Keys Real Estate and Homes For Sale.
Come enjoy Islamoradas new luxury address! The 12 Maison Residences on the oceanfront in Islamorada are currently under construction so you have time to choose your finishes. 3 or 4 bedroom beautifully appointed flats with private elevator and covered parking are available. Maison will be your private beach resort with its 350 ft. white sand beach, 155 ft. day dock and Oasis pool & spa. Pass through the gated entry to your 2 garage spaces, then take the elevator directly to your private entrance foyer which opens up to the kitchen, dining area and great room. The open oceanfront lanai can be customized with gas fireplace, TV, ice maker, wet bar... Just use your imagination! 5 of the 12 units have been spoken for, dont miss out on this pre-construction opportunity! Florida Keys Real Estate and Homes For Sale.
Ideal home for Keys Living in desirable Venetian Shores! Afternoon shade cools the private, tropically landscaped pool area of this 4 bedroom canal home. On the main floor, an updated kitchen with walk-in pantry/laundry is open to large living and dining areas leading to a pair of guest bedrooms and two bathrooms. Huge screened patio overlooks the canal. Ground level holds a welcoming foyer and very large guest suite with that opens to the canal and the pool area. Top floor spacious master suite with peekaboo bay views and vaulted ceilings. The crystal clear canal spills directly out to Snake Creek providing quick easy access to ocean and bay - with no fixed bridge. Davits and a #16,000 lift make this a boaters dream. Storage galore inside and outside the house. Great rental history! Florida Keys Real Estate and Homes For Sale.
Spacious water front home on ocean side direct access canal on Lower Matecumbe with 3 bedroom and 2 baths on main split level with additional 1/1 ground level apartment and garage. Beam ceilings, new roof, fresh kitchen, open and spacious with large rooms and great common living area. 75ft on the water with a straight shot out to the reef literally. Located at MM76, close to all the Village has to offer yet just far enough away to enjoy the tranquility of Lower Matecumbe. Call the listing agent only for showings on this well priced home in Islamorada. Florida Keys Real Estate and Homes For Sale.
CANALFRONT: Located in the highly-coveted Venetian Shores neighborhood in Islamorada due to its immediate access to the Atlantic Ocean and the Florida Bay, this exceptionally renovated four bedroom, four full bath, coastal-inspired resort-style home awaits new owners! Enter from the screened patio to an open concept floor plan upstairs showcasing a new kitchen with stainless appliances, an eat-up island and quartz countertops leading to a separate dining room and living area with outside views. A small vestibule/hall separates the Master Bedroom and full bath from the guest bedroom and full bath.The lower level features a second living/family room space with two guest bedrooms and two full baths; one bedroom has an en suite bath actually. Florida Keys Real Estate and Homes For Sale.
The Luxury of Island Drive awaits you! Spectacular open water views are yours from this CBS home on an over-sized property with 1 1/2 lots located directly on Largo Sound in Key Largo. This tastefully updated home boasts impact windows, gated front entry, an open concept living area upstairs w/ two bedrooms & two full baths up and a legal and grandfathered in full apartment downstairs, including a large bedroom ,living area with views, entertaining area w/ granite bar, kitchen and another full bathroom, plus a garage. Solid concrete construction including the roof. Other features include light & bright tiled floors, white custom wood cabinets, plantation shutters, Corian kitchen counters up & granite down, indirect lighting, crown molding, Kitchen Aid and Samsung Appliances. 1 Hr. to MIA. Florida Keys Real Estate and Homes For Sale.
Elegant yet comfortable 3 Bedroom 2 Bath home is located in Buccaneer Point Mile Marker 98 Bay-front. It includes a unique 4 car drive-thru garage! Beautiful smooth cedar ceilings in living area. The kitchen boasts granite counters and stainless steel appliances. Bamboo floors in all bedrooms. Travertine Marble in living area, kitchen & wrap around porch. Extraordinary Bay views from the patio area. The AC unit is new as is the metal roof. The dock has been completely refurbished with high end composite and includes a boat lift that comfortably accommodates a 23ft flats boat. Florida Keys Real Estate and Homes For Sale.
Second price reduction on this unique and impressive estate spanning over 13,260 sf of oceanfront land. Recently renovated with the finest materials features 3 bedrooms, 2.5 bathrooms, gourmet chefs kitchen, marble floors and impact windows throughout on a very creative floor plan design; right at the end of the street in a secluded very private location with gated entrance. 108 of water frontage providing for magnificent ocean views along with a 75 of dock with davit pads. This community is near exquisite waterfront dining, shopping, grocery stores, banks and more. A breathtaking oceanfront property!..... Florida Keys Real Estate and Homes For Sale.
This is one of the best values in all of the FL Keys! Only two owners, first owner/ builder was architect. Home has been completely upgraded and is ready to enjoy. Sit on your deck and watch the fish swim by, or wade out and hook up! This is a true beach house, with endless ocean views, silky sand beach and clear Atlantic waters to enjoy. If you have children, you can keep them entertained with sandcastle projects. This is one of the most sought after locations in the FL Keys. This home has the infrastructure to add a third floor for additional space and views. One bedroom bath up, with large laundry closet space, two bedrooms one bath down. Both levels offer large porches overlooking the Atlantic and the beautiful beach! Sunrise or Sunset this home has it all! Florida Keys Real Estate and Homes For Sale.
Amazing-Unique concrete home situated across two Ocean-side canal front lots with 116 feet of deep-water dockage. The property offers a professionally landscaped, unique setting, with multiple ocean views throughout. This home offers 3 bedrooms and 4 bathrooms. The interior has been completely updated and offers Travertine floors, black walnut staircase, and custom doors/trim throughout. Updated instant hot water system, washer/dryer and recently updated appliances. Nice open floor plan allowing for an amazing entertaining setting inside and outside. Extensive verandas all the way around with Ocean views. Unique oversize Terrace off the main living area with more view of the ocean and canal. Covered parking, paver carport. Amazing roof top deck with endless Ocean views, quiet Florida Keys Real Estate and Homes For Sale.
Gorgeous ocean front Lower Matecumbe home. Nothing but views and natural light from this 2002 built concrete fortress. Natural sandy beach with new pool and outdoor kitchen allow for entertaining options that amaze. Inside tastefully updated and well maintained with all the comforts a family could need. Plenty of storage downstairs for all your water toys and enclosed garage area for the fishing enthusiasts tackle. Wade the shallows for Bonefish or just take in the breathtaking beauty of the ocean, whatever you desire this home brings your dream of keys living to life! Watch attached video! Florida Keys Real Estate and Homes For Sale.
Relax by your sparkling pool or go boating from your private dock with boat lift, its all here for you to enjoy. This bright and open waterfront residence has high end finishes and breathtaking open water views. 4 bedroom, 3 bath home in a peaceful and private setting will never let you forget that youre in the beautiful Florida Keys. The soaring ceilings and open concept floorpan is inviting and perfect for entertaining. Marble and stone countertops and vanities throughout, stainless appliances and porcelain floors. Home is at the end of a wide canal opposite an expansive turning basin. 2 bed/2 bath upstairs. 2 bed/1bath downstairs with kitchenette and balcony overlooking the pool providing luxurious guest quarters. Fully fenced with electric gate. A special property you must see! Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
DOUBLE YOUR PLEASURE! 2 parcels+2 docks+1 house can all be yours. All concrete stilt home on corner lot within walking distance to beautiful community sandy beach directly on Florida. 2B/1B upstairs, kitchen, dining, living room overlooking screened tiled balcony with views down main canal & 68+ Ft of concrete dock, room for a pool, 2 carports, 1B/1B on lower level, workshop/utility room PLUS adjacent vacant buildable cleared canalfront lot offering 65 Ft of concrete dock MLS#584433. Build another home or add to existing one. Able to buy together or separate. Great location in Port Antigua, Lower Matecumbe in Islamorada. A must see! Florida Keys Real Estate and Homes For Sale.
Craig Cay Island Estate - A unique opportunity for a buyer to participate in this exciting Pre-Construction project, affording the buyer an option to choose their interior finishes, based on their personal preferences. When completed, this magnificent, ground-level & sprawling, 9,737 sq. ft. home will be an exceptional masterpiece, with 6 bedrooms, 6 full baths, 2 half baths, exercise room, full entertainment room (above the dining room), glass solarium, tackle room, 3 car garage, captains quarters (above the garage) overlooking the 300 of deep-water, protected boat basin with 106 of concrete dock and a custom, 222 long pool which will wrap around both sides of the house, facing the bay. A unique feature will be the Safe Room, constructed of concrete walls with fiber carbon laminat Florida Keys Real Estate and Homes For Sale.
Oceanfront paradise in Islamorada. Gated, elevated two-story custom designed. Completely renovated and exquisitely upgraded. Chefs kitchen and dining area with custom solid wood cabinets and top of the line appliances. Living room, a master bedroom plus a 2nd bedroom and bath complete the first floor. The master suite takes the entire 2nd floor with front and rear porches, separate sitting and wet bar area, oversized master bedroom with breathtaking views of the ocean. Custom cabinetry with dual closets. Italian marble spa-like master bath with porcelain tub and oversized shower. Plenty of space for outdoor entertainment with an oversized deck, above ground pool and a full cabana bath. Sit at the Tiki bar with a refreshing drink or grill a fresh catch... Florida Keys Real Estate and Homes For Sale.
BEAUTIFUL BAYFRONT PROPERTY in desirable Lower Matecumbe where you can partake in the fabulous backcountry fishing or easy ocean access to enjoy offshore fishing and diving. 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 is turn-key to allow you to enjoy the FL Keys Lifestyle today! Florida Keys Real Estate and Homes For Sale.
2018 REMODELED Sunshine Estates Bayside concrete harbor home close to Florida Bay with Bay views from the porches! Classic and contemporary upgrades to this rare harbor home include a gorgeous white quartz kitchen with new stainless steel appliances, wood tile floors, new bath fixtures, and plantation shutters. Enjoy bay breezes on the wide open porch area overlooking a wide harbor with views of FL bay! Pre-firm downstairs allows guests to enjoy a private 1 bedroom suite with living area, and paved porched area. Boaters will appreciate 70 of water frontage which includes a concrete dock, davits, seawall and boat ramp with direct bay and quick ocean access. Park under the covered carport. Brand new pavers and lots of storage on the ground level, with a utility shed all on a fenced lot Florida Keys Real Estate and Homes For Sale.