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.
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.
An architectural masterpiece in Venetian Shores. This spectacular home takes full advantage of canal and pool views as well as offering excellent outdoor entertaining on two levels. Enjoy seclusion and privacy as well as what many consider to be the best ocean and bay access the Keys have to offer.1 bedroom & 1 bathroom are nonconforming. Florida Keys Real Estate and Homes For Sale.
Ted Williams Estate. This iconic estate has a place in Islamorada history and is where old Florida charm meets contemporary living. This estate has it all, a fascinating history, privacy, panoramic bay views, protected dockage, extensive tropical landscaping and the perfect location on Upper Matecumbe Key- walking distance to many of Islamoradas best restaurants and a short boat ride 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 gourmet kitchen with 2 islands, offering Patagonia granite countertops, seats 8, and top-of-the line appliances. 3 private guests bedrooms each features spacious balconies and outdoor showers.The enduring master suite offers walls of closets,ocean media sitting area, a gorgeous master bath & private shower. The third floor home office features a wet bar &outdoor porch with open water views.The inviting outdoor covered living area is perfect for entertaining and includes well over 2500 sq ft with custom custom counter tops.The relaxing large sundeck surrounds the sparkling heated Florida Keys Real Estate and Homes For Sale.
Enjoy spectacular panoramic sunsets in this one of kind, three level concrete house, situated directly on the open bay, near Blackwater Sound. This home encompasses the true beauty and all that the Florida Keys has to offer. Whether you decide to relax on your own private backyard beach, entertain guests and enjoy the covered pool downstairs, or simply spend a day out on the boat, your views and options are endless! The main level living offers 2 very spacious bedrooms, 2 baths and an open concept living space, along with expansive open bay views! Enjoy these picturesque views from your private screened in patio, or open your pocket sliding doors that incorporate this incredible outdoor space into your main living area. The third level offers an additional Florida Keys Real Estate and Homes For Sale.
OWNER WANTS TO HELP YOU FINANCE! This gorgeous three story home is located on a canal with quick access to the ocean with partial ocean views! The beautiful heated dolphin pool w/hot tub sits just outside the cabana room with a built in grill/kitchen area and huge block paver deck. The dock has a boat lift, davit, water, and electric for all your water toys. Its a must see, 5 bedroom, 5.5 bath home with an elevator designed for lavishness entertaining or just relaxing. The gourmet kitchen has three long granite countertop islands making it a Chefs dream with all SS appliances. On the main floor aside from the kitchen is an open dining room and separated open living room. However, while on the main floor, youll see another side to this home that could be closed off. Youll find Florida Keys Real Estate and Homes For Sale.
Luxurious Waterfront Estate, Gorgeous Water Vistas of LARGO SOUND! LIKE NEW Custom Built on 2 Lots in 2007. Steel Reinforced CBS Concrete Home, Metal Roof, 3 Bedrooms-3 En Suite Bathrooms and a Bonus-Storage Room. Impact Windows and Doors. Elegant Master Suite, 600 Sq Ft Covered Patio. Exquisite Master Bath, Jacuzzi Tub, Walk-In Shower. At Ocean Side Entrance of Adams Cut, easy Ocean-Florida Bay access. Privately Landscaped 160 Ft of Waterfront and Deeded Bay Bottom, Boat Ramp, Sandy Beach, 1500 Sq Ft of Covered Open-Air Patios. Permit Approved 50 Ft Dock. Room for a Pool. World Class Gulf Stream Fishing in 20 minutes, Bay Flats in 5 minutes. Imagine only 1 Hour to Miami and the Miami International Airport. Beautiful Home, but wait until you see the MILLION DOLLAR VIEWS of LARGO SOUND! Florida Keys Real Estate and Homes For Sale.
IMMACULATE WATERFRONT POOL HOME in a desirable subdivision in Tavernier situated on TWO lots offering beautiful oceanviews and direct ocean access! Turn-key home offers 2bd/1ba up and a pre-firm 1bd/1ba down with workshop and laundry room. Inviting deck off living area to enjoy the wonderful oceanviews and beautiful sunrises! Electric gated entrance, 90 of concrete dockage and boat lift. Florida Keys Real Estate and Homes For Sale.
Outstanding Oceanfront Estate Home perfectly situated 5 minutes from Ocean Reef Club and 30 minutes from Miami on a point lot with direct access to John Pennekamp Coral Reef State Park. This 5,100 square foot, 6 bedroom, 5.5 bath estate sits on .72 acres with 300 linear feet of water frontage. It features many luxury appointments and finishes including an ADA accessible elevator, Italian marble floors, sub-zero refrigerator, wine chiller, wet bar, granite countertops, stainless steel appliances, and hard wood cabinets. This is a solid CBS building built in 2014 with a 50-year metal roof and hurricane impact windows and doors throughout. This home is perfect for yachts requiring deep water dockage. It features a deep water dock on its own bay bottom with 100 AMP service that can Florida Keys Real Estate and Homes For Sale.
Immaculate 4 Bedroom 4.5 Bath CBS canal front, w/ Ocean Views from each Bedroom w/balconies, split floor plan. 70 Dock on direct Ocean Access canal in 2 minutes or less. Roof Top Balcony Ocean view, Beautiful Chefs kitchen with long granite countertop island making this kitchen a Gourmet Dream w/ all SS appliances and plenty of cabinet space. Outside Recreation area under roof w/ Wet Bar/Grill Kitchen with full bath outside, with heated pool/jacuzzi and paved floors outside with beautiful tropical landscape easy to maintain, CBS fenced in for privacy, gated and house alarm. Easy to commute to the mainland & centrally located to restaurants, entertainment & grocery. Easy to show. Florida Keys Real Estate and Homes For Sale.
When Only The Best Will Do! Impeccably Maintained Custom Waterfront Pool home offering concrete dock with boat lift, room for your center console and skiff, with floating dock, immediate ocean & bay access, beautiful outdoor entertaining area on lovely private lot, with RV hook up for your guests on premise, gorgeous in ground pool and spa, gas tiki torches, fire pit, expansive outdoor living area, porches with stone decking and impact windows. Interior features include 3 bedrooms & 2 bathrooms gorgeous teak wood floors & doors, breathtaking 16vaulted ceilings & chefs gourmet kitchen, beautifully maintained, ground level home, one of a kind, truly a treasure and a must see! Florida Keys Real Estate and Homes For Sale.
SUNSATIONAL PARADISE awaits you from this custom built and perfectly designed Bayfront home. Upon entering this lovely and inviting ground-level home, you are greeted by stunning views of the bay, made even grander from the living room with twelve-foot high ceilings. It is a rare opportunity to find a one-level home at high elevation on the open water. This home is a spacious and thoughtfully designed four-bedroom, ground-level home with an en suite bathroom for each bedroom, and a guest bath off the living area. This home features a chefs dream kitchen, with gorgeous, maple wood, custom cabinetry, granite counters and top of the line appliances all designed to provide an inviting layout. Florida Keys Real Estate and Homes For Sale.
New Construction on the Bay in Key Largo! Enjoy breathtaking open water panoramic views and stunning sunset vistas from this custom-built 5BR/3.5BA home. Abundant space inside and out boasts the finest in details and finishes. Four levels of generous bay front porches, elevator, two-car garage, pool, and dockage for multiple vessels. Modernly-appointed residence is set back from the open bay, allowing gracious shoreline area for recreation and entertaining. Truly a Keys Treasure you must see to appreciate and experience the privacy! Florida Keys Real Estate and Homes For Sale.
Spanish-Mediterranean Pool Home in prestigious Port Largo. Live an elegant but simple life in this over 4100 sqft home. Walk right out to your ground level covered terrace with wet bar overlooking the pool, spa and canal. This custom built home has formal dining room & vaulted high ceiling in family room plus high 10ft ceilings throughout. Walled and Gated for privacy with garage and 80 ft of concrete dockage on one of Key Largos widest and deepest canals with direct ocean access leading to some of the best fishing and diving in the world. The 1st level consist of 2 spacious guest bedrooms with 1.5 bath plus and office/den, living room, dining , family & kitchen on the main level. On the 2nd floor you will find the master bedroom suite with large bath, separate sitting area plus an Florida Keys Real Estate and Homes For Sale.
Incredible bay views from roof top deck, this custom built pool home in desirable Indian Waterways has 83 feet of dockage with davits with easy bay access. Large master bedroom suite, total four bedroom 3.1 bath. A gourmet kitchen with large pantry space and bay window booth. Beautiful pool with landscaped yard with pavers driveway. Florida Keys Real Estate and Homes For Sale.
Fantastic deep water dockage in premier waterfront neighborhood. 98 waterfront. 2/2 upstairs with beautiful island kitchen, top of the line appliances, tile floors throughout. Screened porch. Tackle and tool room and bonus downstairs spaces, including built in grill and great outdoor entertaining area. New metal roof, new AC, hot tub, Pool with heater/chiller. 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. The seawall and pilings are in place and work has begun on the grade beams. 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. This price is for the completed home. Florida Keys Real Estate and Homes For Sale.
Prestigious Venetian Shores home with 70 feet of dockage & incredible boating access to the Ocean or Bay via Snake Creek. This spacious 5 bedroom, 4 bath home is well maintained & move-in ready. A new metal roof is a wonderful BONUS! This home features granite counter tops, stainless steel appliances, laundry on both levels, and an above flood downstairs living area with a kitchenette. Over 3,700 sq. ft. of living space & a wonderful floor plan makes this home truly a MUST SEE! Florida Keys Real Estate and Homes For Sale.
Pristine, totally remodeled, gated bayfront with deep water dockage. Concrete construction with concrete roof, impact windows along waterfront, conforming downstairs entertainment rooms with enclosed garage, covered patio, paver driveway and walkways. Security system. More high quality details such as Nest AC controls, Security Cameras, Blue Pearl Granite countertops, built in refrigerator, element induction cooktop, 4 HD wall mounted flatscreen TVs, lawn irrigation system. Easy to show by appointment. Florida Keys Real Estate and Homes For Sale.
Calling all families and friends looking for two separate complete living spaces Up and Down! 4 bedrooms and 2 baths, nearly 2,000 square feet of living space. Turn Key, completely updated and renovated waterfront home, including all new electrical and plumbing! Ocean side with direct ocean access. Located In Plantation Key (Islamorada) next to Tavernier Creek, this concrete home including the roof, boasts all impact glass windows , neutral porcelain tiles, custom wood cabinetry, open concept living with bar, Spa style bathrooms, granite counter tops, stainless appliances, extensive brick pavers, a fully fenced yard with custom aluminum work, professional landscaping, electric retractable sunshade, new outdoor kitchen with chiseled travertine , tiki hut at waters edge, 1 Hr to MIA. Florida Keys Real Estate and Homes For Sale.
Welcome to The Laguna House in the prestigious community of Port Largo. The Chicago brick driveway greets you as you arrive through its private, sculpted gates. With over 4,600 sq. ft of permitted living space, this large 5 bedroom, 3 bath home boasts impact windows & doors which are enhanced with their custom Bahama shutters. The porcelain floors throughout provide the perfect background for the Brazilian cherry wood stairs and Rosewood kitchen ceiling. The 2 main bathrooms have been updated with tumbled marble. The hardwood kitchen with Wolf/Sub Zero appliances hides a large pantry. The 1,352 sq ft of covered terraces provide the perfect place to entertain or unwind. The large pool is surrounded by a marble pool deck. A whole house generator can maintain power during outages. The 12k Florida Keys Real Estate and Homes For Sale.
Bay Front community! Private-Gated entrance. Seven Acres Subdivision. Concrete home with cut in boat slip on deep water canal. 2 car garage. Concrete Roof, Huge kitchen with newer cabinets and granite tops. Davit boat lifts, Huge shade trees. Just north of Tavernier and Hammer Point. 3 full baths, 1 1/2 bath, lots and lots of space!! This home is fantastic! Florida Keys Real Estate and Homes For Sale.
Lowest priced corner open water property with approx. 200 water frontage bayside on Plantation Key in Islamorada. 9,000sq ft. property , features a concrete custom 3 bed/2 1/2 bath, including Top floor private master ensuite & office, home. Other features include gated entrance, Parisian blue tile roof, garage, pool,84dock with davits & protected dockage. Freshly painted and restored to its original splendor with NEW impact glass windows and doors, screening and pool/privacy fence. Accordion shutters a plus. Originally plumbed for a Master Suite Wet Bar & Rooftop structured for a Widows Walk. Fabulous sunsets and incredible Bay vistas abound from over 2040of open & screened verandas. A true blank canvas waiting for you to personalize.Start living your dreams and Be the Fortunate Buyer 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.