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.
This large spacious home is located in a very desirable, quiet, private, gated community in Seven Acres. Situated on the bayside, you can enjoy nightly sunset views as well as a deep wide canal and features a protective cut in boat slip. This house is 2300 sq. ft. of interior space with a large master suite with an adjacent room perfect for a nursery or office. Large updated kitchen, open floor plan plus 2 car garage. Lush landscaping with fruit trees and avocado, star fruit, lychee, lemon and banana trees. This house is full of so much potential a must see.There are orchids,stephanotis plants and many beautiful flowers in the yard Florida Keys Real Estate and Homes For Sale.
CARIBBEAN BREEZE~Easy Island living in prestigious Port Largo area. Cool off, relax and unwind in your new spacious pool side corner over sized lot. Kick back and chill in your piece of paradise fully furnished 3/3 updated kitchen and baths with plantation shutters, gorgeous lighting and other amazing finishing touches. Private master suite on 3rd floor with beautiful large bath with tub and shower with jets. Large walk in closet. Move-In condition, complete with concrete dock, breezeway, large covered terraces, 2 garages and lots of great storage. Seller financing possible. Easy commute to & from Miami, steps to local bars, restaurants, entertainment, shops, and more. 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.
SUNRISE COVE~OCEANFRONT POOL HOME WITH STUNNING VIEWS. Escape and make this your Island getaway home with 4 bedrooms and 4 new bathrooms and new tiled floors. Spacious open floor plan with 2 large decks to enjoy the view. Two master suites with endless ocean views. Corner property with 2 car garage, large recreational area on ground level with bath. Dock and boat lift with easy access for boating and fishing. Kayak, paddle board or sit back, relax and enjoy the breeze. Great Location just minutes to the Reefs & Tavernier Creek. Make offer! Florida Keys Real Estate and Homes For Sale.
Ocean Front PLANTATION SHORES IN TAVERNIER! Custom built CBS home by a premier builder, architecturally designed Great room features an Island kitchen, 3 en suite bedrooms, a pitched concrete roof that creates a frame for the breathtaking views of the Atlantic as you enter the home. Panoramic ocean views from the entire east side living and porches provides serenity and ocean breezes every day. More... As you wake up each morning youll see Tavernier Key and picturesque watercolors. Boaters will enjoy the rare 95 feet of deep water and protected dockage ocean side without having to walk a long pier. Excellent location to direct bay access through Tavernier Creek and or Snake Creek. Close to fine restaurants and within walking distance to schools. Pre hurricane photos 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.
Unaffected by the Hurricane! Unique and secluded Bay Front home without the drawback of stairs. Completely above flood, ground level home! Magnificent sunset views from your own private sandy beach and pool. Deep water docking pier for boats or land your sea plane right on your beach. Rare combination of island living in this gated, fully landscaped oasis complete with separate 1/1 guest house and 3 garage bays. Beautifully designed to keep its Key West/ Mediterranean charm, the main house features 3 bedrooms, an office, 3 bathrooms and 2 powder rooms; soaring ceilings, stone flooring as well as all the modern conveniences of an open floor plan, gourmet kitchen, sauna, boat lift and much more. Truly a rare find! Florida Keys Real Estate and Homes For Sale.
Stunning home in Port Antigua! All this and a private Homeowners Park beach and boatramp! Beautifully updated interior with marble floors and a fabulous outdoor entertaining area poolside. The elevator allows easy access to each floor and there are also 2 sets of exterior stairs. The main living area and kitchen have 3 sets of French doors opening to a spacious open porch. The 3rd floor master suite and 2nd bedroom also open to a 3rd floor deck and lead to the rooftop deck for awesome bay and sunset views. The poolside entertaining area features a built in bar with stainless grill, pizza oven, sink and refrigerator as well as a large covered area for relaxing under the ceiling fan. Dockside there is a 20,000 lb. boatlift, davits and double jet ski lift as well as a fish cleaning station. Florida Keys Real Estate and Homes For Sale.
Luxury Waterfront Islamorada Pool Home with Dockage & Elevator! This well-built custom 4BD/4BA was meticulously constructed with high-end finishes and artistic one-of-a-kind touches that make this waterfront home truly unique. The spacious 3,365 sf concrete home is privately gated and offers all impact windows and doors on 3 separate living levels with both interior central stairs and an elevator. Theres also a large integrated garage with extra storage space for toys. Desirable Kahiki Harbor neighborhood provides direct boating access to the ocean and bay via Tavernier Creek for the best boating in the Keys. Designed by David Harum, this distinctive home is a must see! Florida Keys Real Estate and Homes For Sale.
Bayfront Resort with panoramic open water views! Spectacular Bayfront Home, featuring 120 feet of waterfrontage situated on 1 1/2 lots. Beautiful in ground free form pool and spa overlooking the water, enjoy Cocktails at your gazebo or simply relax under the Chickee hut, there is space for everybody with plenty of room to roam, you can even enjoy a roof top deck that is simply priceless with amazing views! This is the perfect home for entertaining family all your guests!Launch your paddleboards and kayaks in your back yard, along with your skiff on your floating dock, you also have two slips in the Marina, one with lift, within 1000 feet from the house for your offshore boats, featuring immediate Ocean and Bay access! Plenty of room for all of your water toys! This home offers an 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.
VENETIAN SHORES BEAUTY! Spacious 4bd/3ba all concrete POOL home with 100 CONCRETE DOCK with lift and davits. Separate guest quarters downstairs, gourmet kitchen with many extras, fireplace, impact windows and oak wood flooring. Large porch upstairs and large entertaining area down to enjoy around the marble deck pool area. Immediate ocean and bay access. 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. pier and Oasis pool and spa. Pass through the gated entry to your 2 garage spaces, then take the elevator directly to your private entrance foyer which opens to the kitchen, dining area and great room. The open oceanfront lanai can be customized with gas fireplace, TV, icemaker, wet bar... Just use your imagination! 4 of the 12 units have been spoken for, dont miss out on this pre-construction opportunity! Florida Keys Real Estate and Homes For Sale.
The perfect beach house!! Enjoy the expansive porches and ocean breezes. The beautiful 2 bedroom 2 bath pool home with a loft for extra guests is the perfect get away! Enjoy the days in the heated swimming pool or just relax on your own white sandy beach! Upon passing through the electric gate and pave driveway you will know youve arrived home! Other features are state of the art security system, expansive windows and a large wrap around porch give a true tropical feeling! Florida Keys Real Estate and Homes For Sale.
CASA GRANDIOSA ~ This Private 2-acre estate is an architectural jewel designed with Caribbean flair & refined finishes. The luxurious appointments include 5 bedrooms, 5.5 bathrooms, Elevator, Outstanding Kitchen & Bar. Gather & entertain in the voluminous 2 story great room. French doors showcase the view while opening up the home to the island breeze. Spill out to the awe-inspiring terrace with ocean view. Lower level features Old Chicago Brick Walkways, Pool & Spa, 4 Car Garage and Grand Foyer Entrance With Private Staircase. This Wonderful Oceanfront Residence Offers Full Views Of The Private Lagoon And The Atlantic With Deep Water Dockage and boat lift. Loft For Panoramic View. Brazilian Cherry Hardwood Floors Throughout. Bathroom Flooring Feature Either Granite, Natural Stone, Tile or Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
This stunning estate is uniquely designed featuring a 10 bedroom and 11.5 bath home that is nestled on the Florida Bay in Key Largo. This secluded estate rests on about 1.2 acres that is mesmerizing from the moment you enter the gate! The driveway is shared leading you to a perfectly maintained tennis court and parking. Florida Keys Real Estate and Homes For Sale.
NO DAMAGE FROM IRMA !!!!THIS IS ONE OF THE BEST VALUES IN ALL OF THE KEYS! ONLY TWO OWNERS SINCE IT WAS BUILT IN 1973. SIT ON YOUR DECK AND WATCH THE BONEFISH SWIM BY,OR WADE OUT AND HOOK UP! THIS IS A TRUE BEACH HOUSE,WITH ENDLESS OCEAN VIEWS. IF YOU HAVE CHILDREN YOU CANT MISS THIS ONE! SAND CASTLES EVERYDAY TO OCCUPY THEM. WILL NOT LAST LONG ! 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 3 bedroom/2bath home offers a large open floor plan, an abundance of glass sliding doors, and expansive porches for endless entertaining in an island setting. With 70 feet of protected dockage, this refuge has panoramic views of the canal overlooking a private nature preserve. Deep water dockage with direct bay and ocean access complete this home. Florida Keys Real Estate and Homes For Sale.
Islamorada Open Water with Deep Dockage and spectacular sunsets hidden in a desirable private neighborhood. Immediate boating access to Florida Bay and quick Atlantic Ocean access via nearby Snake Creek, a deep channel with a drawbridge for tall craft. Enjoy expansive open water views from the spacious living room, dining room, large kitchen, master suite and both open water porches. The main floor has an open floor plan with plenty of entertaining space, two bedrooms with ensuite baths and a utility workshop room/dark room that could be another bedroom. The top floor master suite opens to a separate office/den and has a private porch for watching the sun sink into the bay. 100+ ft. of excellent dockage (see NOAA charts in photos) plus a step-in protected swim basin. Call now! 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.
The Beach House offers forever Ocean Views and 100 of sandy beach; Alligator Light can be seen in the distance. Homes sits on a half acre which offers plenty of room for a pool. The prevailing winds coming onshore create a nice breeze, enjoy the afternoon shade in the back and conveniently located just minutes from the Heart of Islamorada. 4 bedroom/ 4 bath CBS home with metal roof and over 4,000sf of living space. Enclosed garage large enough to store a flats boat, plus an additional storage room. Electric gate, circular driveway and seconds to Tea Table for going bayside. Newer ACs and appliances; updated kitchen, bathrooms and interior space. The great room captures the unobstructed ocean views ~ a wonderful place to entertain, watch the sunrise and the moon rise. This is a must see! Florida Keys Real Estate and Homes For Sale.
Unscathed by Irma!!! Beautiful Beach Front Concrete Venetian Shores Home! Feel sand between your toes right outside your door. Bayfront home with protected deep water dockage - slip 61. Ocean & Bay access via Snake Creek. Cathedral ceilings and stunning views with 3/2 up and nonconforming 1/1 down. Chefs kitchen with granite & quality craftsmanship. Paver driveway, fenced for security and tropical foliage Florida Keys Real Estate and Homes For Sale.