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.
Exquisite oceanfront home in Tarpon Point, an exclusive enclave of 12 oceanfront residences. Designed to meet the ultra-high standards of the developers, this exceptional home allows for the most advanced building techniques to reside in harmony with one of the worlds few remaining untouched and fully protected marine habitats. Spacious three story four bedroom and four and half bath home with Florida Keys Real Estate and Homes For Sale.
Tropical Paradise awaits...expansive home situated on appx half acre fenced and gated, sandy beach, deep water dockage for multiple boats, inground pool, and more. Concrete home with metal roof, cathedral open beam ceilings, top floor master suite, grand living and kitchen area, split bedroom, foyer and interior staircase. All overlooking large body of water and across from the Atlantic Ocean! Florida Keys Real Estate and Homes For Sale.
Luxury and tranquility await you at this prestigious oceanfront estate on Lower Matecumbe in Islamorada. Relax on the +150 ft of sandy beach or watch incredible Keys sunrises from the second floor master suite porch. The stunning chefs kitchen offers 3 ovens, warming drawer, ice maker and wine cooler. Separate quest quarters provides 1 bedroom, 1 bath, kitchenette and private deck. A Must See! Florida Keys Real Estate and Homes For Sale.
Tropical Island Pool Home! Gracious & spacious, several entertainment areas inside & out. Paved poolside deck with bar, gazebos & shady porches. Travertine floors, custom wood cabinetry & granite. Great open floor plan, high ceilings, 4/2 on one level, no stairs to climb. Separate private 1/1 up. Circular brick driveway, garage, gated & fenced. 75ft concrete deep water dock, boat lift and Davits. Florida Keys Real Estate and Homes For Sale.
The Beach house at Tarpon Point is brand new and as aptly named overlooks the beach area and ocean. Tucked away you will find this spacious 4 bedroom, 4.5 bath home with three stories of living and TWO living areas. Main living room overlooking the ocean and beach and the family room has a wet bar with wine fridge and libations storage. In between you will find a gourmet chefs kitchen with Florida Keys Real Estate and Homes For Sale.
From the private picturesque setting, this 6.41 acre bay front estate offers over 12,400 square feet of living space including a main residence and two guest cottages. This estate features charming Key West style architecture, intimate garden courtyards, balconies and spacious patios overlooking a bay front pool/spa with cabana... Florida Keys Real Estate and Homes For Sale.
Concrete Fortress! Beautiful 2009 CBS 5B/4B 3500SF Pool Home. Marble Island Kitchen w SS Appl. Formal Dining rm. Brazilian Walnut Wood & Keystone Floors. Keystone Coral Rock Stairway. Superior Construction w Top Shelf Finishings. Built Above Flood. Over 1/2 acre 25,000 SF lot w 80 Concrete dock w 3 Davits & walk-in Storage. Florida Keys Real Estate and Homes For Sale.
Dockage, Pool, Sunsets & Views! This Home has it all. Large home with over 3000sq ft with 2 Master Suites with baths and 2 guest bedrooms plus 2 guest baths. Open living area and dining with kitchen and family area. Wood floors throughout and tile in baths, granite counter tops, stainless steel appliances and crown molding are just a few of the finishes in this home. Large laundry room. Florida Keys Real Estate and Homes For Sale.
Premier location in Venetian Shores nestled at the edge of Snake Creek just off the bay, offering amazing views and privacy. First time offered in over 20 years! Consisting of three bedrooms and three full baths including private master suite on the top level with a private balcony looking out towards the majestic waters of the bay. Grand open living area and kitchen surrounded by windows and Florida Keys Real Estate and Homes For Sale.
ENJOY THIS STUNNING PANORAMIC WATER VIEW HOME. The many amenities it has makes it a perfect place to call home or the one place you look forward to when getting away. You can watch the sunset from almost every corner of the house. The deep-water dockage makes it easy to take the boat out for a ride. Meticulously beautiful, excellent location. This luxurious has all this to offer and much more. Florida Keys Real Estate and Homes For Sale.
WATERFRONT ON THE OCEAN. This residential lot offers a 1 bedroom 1 bath home with spectacular ocean views. Ideal for development of your ultimate Keys getaway. This parcel includes the sale of adjoining waterfront vacant lot Alt Key # 9087972 ) Combined acreage of both parcels is approximately 1.87 acres at the end of a cul-de-sac. Florida Keys Real Estate and Homes For Sale.
As you enter the grand foyer to this phenomenal Bayfront residence located on Point Pleasant in South Key Largo, youll see picture windows with bamboo palms framing the breathtaking panoramic bay views of this estate home. This stunning 4BR, 3BA home boasts a granite island kitchen with SS appliances, wine chiller, wet bar and butlers pantry in over 3,600 sq. ft. of living space on 3 levels. Florida Keys Real Estate and Homes For Sale.
HUGE OCEANFRONT PARCEL JUST UNDER 3 ACRES IN ISLAMORADA, large deep water basin! 200 on the ocean! You will enjoy this gated compound with a ground level home with many extras including fireplace and home theater screen. Large deck to enjoy the unobstructed oceanviews. This is a rare and unique property! Florida Keys Real Estate and Homes For Sale.
Waterfront Pool Home on 100 X 100 ft. lot located in desirable Venetian Shores! Upper level offers two master bedrooms with two baths, open floor plan vaulted ceilings throughout. Lower level one bedroom one bath guest quarters. Wonderful huge concrete pool,carport,laundry room plus outside storage shed for all of your water toys! Florida Keys Real Estate and Homes For Sale.
This magnificent Oceanfront Estate is located in exclusive Plantation Point a private gated community overlooking the Atlantic Ocean. Built in 2004, this custom home offers expansive rooms with majestic views. Towering ceilings encompass grand living area and chefs kitchen which leads out to private screened patio. Gorgeous Master Suite with stunning views of the atlantic, Master Bath offers Florida Keys Real Estate and Homes For Sale.
Enjoy Florida Keys Living in this lovely and large waterfront home with legal guest quarters downstairs. This spacious home has 70 feet on the water, concrete dockage with almost immediate ocean and bay access through Snake Creek. Complete with Granite Countertops and Stainless Steel Appliances, this home is ready for your most discriminating buyer. Florida Keys Real Estate and Homes For Sale.
This Tarpon Point Beauty sits at the edge of the pool and offers spectacular ocean views. A spacious 4 bedroom/ 4 bath home is well equipped with a Chefs kitchen with top of the line stainless steel appliances granite counters. Whole house generator, impact resistant windows & doors and a private elevator. Florida Keys Real Estate and Homes For Sale.
VENETIAN SHORES ELEGANCE! This custom built home offers 5 bedrooms, 5.5 bathrooms, outstanding interior & exterior features, gourmet kitchen w/ top of the line appliances, beautiful master bedroom ste, open floor plan w/high ceilings, waterfront porches & pool, elevator, garage, & 70 ft. of dockage with direct bay & ocean access located in Islamoradas most prestigious neighbor in Venetian Shores! Florida Keys Real Estate and Homes For Sale.
Open ocean views! Enter into the living room & you are awash in ocean views. Sliding glass doors across the living, dining & master bedroom facing right out to the ocean. Full open patio across the length of the house also enjoying open views. 140 + of concrete dock with davits. All concrete home including roof. Light, bright and offering a split floor plan with each bed/bath on opposite sides. Florida Keys Real Estate and Homes For Sale.
Yachtsmans family Dream home!Pristine CBS 5 bedroom Port Largo home. 75 of Ft. of Concrete dock,boat house, davits, deepwater direct ocean access Oversized bedrooms all accomodate king sized beds. Tiled floors, soaring ceilings,large family room with wet bar,Huge kitchen w/ cooktop island. Jenn Aire Stainless appliances, French doors lead to enormous covered lanai.Walled & gated. 1 Hr to MIA. Florida Keys Real Estate and Homes For Sale.
Desirable Port Antigua waterfront 3/3 concrete home with pool, two boat lifts (larger is 17,000 lbs.) and an outdoor kitchen. Quick access to Florida Bay and the Ocean! Entry foyer, interior stairs & open concept living area. Huge top floor master suite has two open porches and is currently divided to create a bonus room. Port Antigua is known for its gorgeous wade-in beach & community boat ramp. Florida Keys Real Estate and Homes For Sale.
Fabulous ocean views from this well constructed 3 bdrm 3 bath home. Protected dockage with immediate open water access puts you at the reef in minutes! Wrap-around open decks offer ocean breezes and gorgeous sunrise viewing. Extra features include solar hot water heater and R.O water maker. Owner occupied so please allow notice for showing appointments. Florida Keys Real Estate and Homes For Sale.
Mahogany Bay is an exclusive gated compound comprised of four architecturally significant Balinese style homes located on almost five acres of beautiful open bay front property in Key Largo, Florida. The home is comprised of two guest suites and two masters with unobstructed views to the open bay, beautifully landscaped compound . Florida Keys Real Estate and Homes For Sale.
ROOM FOR YOUR YACHT & ALL YOUR WATER TOYS!This extremely unique property offers 2 separate docks 90 ft. at the house w/a 12,000 lb. boat lift, across the street is 60 ft. of dockage on 120 ft. lot. Nice open water views offering 3 bdrms & 3 bthrms, incl. 2 Master Stes, completely updated w/beautiful tile floors, granite & stainless kitchen, with a bonus rm downstairs. Easy access to bay & ocean! Florida Keys Real Estate and Homes For Sale.