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.
LUXURY OCEANFRONT RESIDENCE IN ISLAMORADA at Tarpon Point offering captivating and incredible oceanviews! You will fall in love with this spacious 4bd/4ba custom built home which is one out of 12 quality built homes situated in a superb location. Relax on the terrace and take in the onshore breezes and clear waters of the Atlantic ocean! Or relax poolside with an oceanfront setting. Weekly rentals allowed making this a wonderful investment opportunity. This is what Living the Florida Keys Lifestyle is all about! Florida Keys Real Estate and Homes For Sale.
Bay Front Venetian Shores Home, offering stunning Panoramic Bay Views! Fabulous outdoor entertaining area, featuring waterfront pool and spa, 80 ft. of concrete dock with 18,000 lb. boat lift, waterfront tiki hut, beautiful landscaping and landscape lighting, gated paver driveway, lower level guest quarters, beautifully updated chefs kitchen with island, soaring ceilings, beautiful wood flooring, expansive waterfront screened porch, two bedrooms and two bathrooms on the upper level, every room has a water view! Florida Keys Real Estate and Homes For Sale.
Awesome, bayfront, property on Lower Matecumbe with everything a family needs to enjoy the Keys lifestyle! Deep water dockage, natural private sand beach, endless bay views, tiki hut with bar, and thats just outside. Inside enjoy travertine floors, media room, custom glass etched bar, cargo lift, separate laundry room and remolded 1/1 downstairs . Perfect for any fisherman the property is conveniently located with endless access to inshore angling and a short run to ocean with no fixed bridges. Owner financing possible and a realistic price make this a must see. More photos coming soon! Florida Keys Real Estate and Homes For Sale.
Very rare, highway to bay property is now awaiting its new owner. With a priceless boat basin, this parcel is almost 3/4 of an acre. The basin allows for deeper dockage and prevents having to build a long dock like similar properties near by. The concrete home with concrete roof offers outstanding bay views, 3 bedrooms and 2 baths. The rear deck offers a great spot to unwind and entertain. The boat ramp offers a versatile place to launch kayaks, paddle boards and even a small boat. To the rear of the property surrounding the basin is the dock with 2 lifts (one for a boat, the other for personal water-crafts) and a beach area. This truly is an amazing open water property that can either be enjoyed with some updating as-is or offers a prime re-development location. 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.
Looking for the Premier Waterfront Neighborhood (Venetian Shores) with the perfect 4 bedroom, den, 4.5 bath pool home with nearly 3,000 sq ft of L.A. that is move in ready right now, this is it! The seller has gone through this entire home top to bottom. New paint inside and out, new ship lap siding on the interior walls, brand new pool, new travertine pool deck, new landscaping and irrigation system. Hurricane impact doors and windows. 2 car garage, interior laundry. There is nothing to do to your new home, just move right in and enjoy the Keys life style. Be out to the Atlantic Ocean fishing and diving in minutes or head into he beautiful Florida Bay in minutes. You have a large boat, no problem, deep water, 100 foot wide canals. Come see this amazing home, you will NOT be disappointed! Florida Keys Real Estate and Homes For Sale.
Tucked away in the exclusive Plantation Lake Estates private and gated community, this 3B/3B, immaculate gem is the perfect island retreat. This impressive, Islamorada garden house is situated in the most tranquil setting with expansive lake-front views from all levels, including the expansive Widows Walk. Deep-water dockage, straight shot out to the open ocean, plus easy access to the bay via Snake Creek. 2B/2B, plus loft upstairs and a full 1B/1B plus kitchenette downstairs. Storage galore inside and outside. House is set up to receive generator power. Included in the real property sale price is the bromeliad & most of the orchid collection and all attached to trees staghorn ferns. Some furniture negotiable. Florida Keys Real Estate and Homes For Sale.
BOATERS DREAM in PREMIER VENETIAN SHORES! Spacious and well-maintained SOLID CONCRETE home offering 3bd/3ba, legal downstairs living quarters. Relax POOLSIDE in a beautiful custom concrete pool with spa! 70 of concrete DEEP-WATER DOCKAGE and 100 wide canal! Immediate ocean and bay access through Snake Creek! Florida Keys Real Estate and Homes For Sale.
Sea Garden is located on an impressive landscaped 1.5 acre bayfront parcel sprinkled with orchids and boasts a highly unique bayside coral reef right behind the docks. This completely solar powered home has been built to last and offers over 120 of deep water dockage with 13k boat lift plus kayak/paddleboard ramp and floating dock. Three car garage with upstairs guest house is an added bonus to this already impeccable estate. Watch the bald eagles fly by, the painted sky sunsets and enjoy the natural surrounding beauty of the Florida Keys right from your back porch! Florida Keys Real Estate and Homes For Sale.
Beautiful Concrete home with Tropical Oceanviews and solid concrete dock including protective cut-in boat slip. This updated 4bd/3ba home has impact doors/windows, metal roof, natural stone flooring throughout, custom window blinds, master suite with steam shower & walk-in closet and endless outdoor patio space both upstairs and down. Great for Entertaining or lounging in the Ocean Breeze. Lush professional landscaping. Room for a pool. Gated entry, ample parking for boat trailers and cars. Youre beautiful island living awaits! 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.
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.
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.
Unparalleled best describes Casa Sonrisa. Perfectly positioned in the prestigious ocean-front and gated community of Ocean Cay, this estate boasts 100 ft of deep water dockage with direct ocean access. Certain features separate Casa Sonrisa from all the rest. Its dockage is nestled within a large basin for easy and comfortable navigation for larger vessels. Another truly distinctive highlight is the adjacent Glass house. This separate but connected addition to the main house, takes full advantage of living on the ocean. With its full bath and amazing open water views this is the perfect place to entertain. The main house has 3 living areas. The ground floor has a large recreation area at pools edge, a full bath and a large bedroom. The second floor has the main living ar Florida Keys Real Estate and Homes For Sale.
One of a kind 4.33 acre estate on Upper Matecumbe Key. As you enter the gate, you follow the classic brick driveway to one of Islamoradas most private settings. The main house offers open beam ceilings, tile floors, and ocean views, giving you beautiful sunrises and incredible sunset colors reflecting off Alligator Lighthouse, from all rooms.The main house offers 2 bedrooms 2 and a half baths, guest cottage offers 1 bedroom 1 bath withs a large sitting room.Watch for tailing bonefish, wading birds, or just sit by the pool and relax, mother nature is your living room.A caretakers cottage as well as guest cottage can be added to property as of right. Two additional lots have possibility to be rezoned, allowing for 2 additional market rate homes onsite.House is above flood zo Florida Keys Real Estate and Homes For Sale.
SANCTUARY BEACH HOUSE- This unique Islamorada residence is supremely located on the Florida Bay with year-round sunset views. Tranquil, natural beauty embraces the beautiful azure waters which create a breathtaking backdrop for this beach-style home. One and a half lots on the bay feature a lush tropical vegetation, great lawn, large pool and spa, sandy beach, protected deep-water boat basin with boat ramp, Jacuzzi deck and rock pond with bridge. Once you enter through one of the two electric gated entrances, you are immediately struck by the privacy and tranquility, hence the name Sanctuary. This residence affords stunning, vast panoramas of the Florida Bay. Open and enclosed patios and porches offer abundant opportunities to relax in the sun or the shade. Florida Keys Real Estate and Homes For Sale.
Stunning bayfront property with endless bay views offering the Keys lifestyle that you have been dreaming of. With 2 homes, 2 lots, 2 docks, 2 boat lifts, a pool, an outdoor kitchen & gorgeous direct bayfront views from every room, this property offers many opportunities. The main house is 2069 SF with 3 beds, 3 baths, elevator, open floor plan, cathedral ceilings, plantation shutters, fabulous bay views from every room, a large covered parking area & 2 storage rooms. The 450 SF guest house with bay views offers a suite with wet bar and bath. The large 24,318 SF lot with 161 FT of bay frontage offers the epitome of outdoor Keys living with a spectacular outdoor kitchen with bar & a beautiful pool area. Lot is fenced and complete with electric gate. Possible to subdivide the lots and homes Florida Keys Real Estate and Homes For Sale.
This magnificent estate embodies the very essence of luxury. A breathtaking beach home with sweeping ocean views, boasts approximately 4,700 square feet with 6 bedrooms/6.5 baths.Passing through the gated entry, this extraordinary property was expertly designed to take in the ocean views from virtually every room. With an open concept floor plan, the great room includes a custom bar and dining area that opens onto a sweeping veranda. The Chefs kitchen features state of the art appliances, granite countertops, wine storage, and a walk-in pantry. The master suite encompasses the entire second floor with 180 degree views overlooking the pool, dock, and the beach. A separate poolside guest suite completes this island home estate. Make this home your island paradise! 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.
Come embrace this this one of a kind, meticulously maintained, two home compound & island paradise. Centrally located & nestled in the charming neighborhood of Little Venice. Just a hop, skip and a jump to the beautiful Atlantic Ocean. Perfect for entertaining - whether indoors or out, this property has it all! The main house upstairs features 2 bedrooms, 2 bathrooms with beautiful cathedral wood beam ceilings. For those who love to cook & host family & friends you will love this newly renovated kitchen, featuring a large island, granite counter tops, maple cabinets, stainless steel appliances, wine bar and walk-in pantry/laundry area. In the master bedroom enjoy ocean views from your private balcony & the master bathroom has been tastefully updated. Inspired by the love to entertain Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Endless Summers--is set amongst lush native foliage, surrounded by over 10 acres, offering unparalleled privacy, with a sandy beach, and stunning ocean views. This large must-see custom built concrete home is situated on a private gated peninsula. After meandering down the winding driveway, one is impressed by this uniquely designed home suited for a large family and designed with guests and ease of entertaining in mind. This house offers the unique natural setting that celebrates the nature and wildlife of the Keys. Enjoy the quiet solitude while practicing yoga on the beach or soaking up the energy from sunrises and sunsets from the roof top pool deck offering incredible privacy and views. This house would also be suitable for two families to share. Designed with the capability of being Florida Keys Real Estate and Homes For Sale.
Spectacular open water views. This is a one of a kind CBS home. open porches, 2 single car garages, 3Bd, 2Bath.150 feet of protected sea wall with davits. Open floor living space and open family style kitchen. This is a gated property with CBS wall for total privacy.Possibilities are endless to make this the Keys home you dreamed of. Florida Keys Real Estate and Homes For Sale.
Key Largo Millionaires Row! Spacious 4B/4B Pool Home w Garage. Easy living in this ground level home with no stairs to climb. X Zone location built high on solid coral rock, no flood insurance required. Open floor plan. Remodeled Kitchen with white cabinetry SS appliances and Granite counters. Privacy wall w Gate surrounds almost 1/2 acre of property. 100ft Concrete Dock w cut in Boat Slip & Boat Lift. Sit back & relax and let the fun living on Adams Cut entertain you. Fishing, Shrimp and Crabbing at your dock! 1 minute to the Bay and 15 minutes to the Ocean. Great location, call for an appointment. Florida Keys Real Estate and Homes For Sale.