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 stunning estate is uniquely designed featuring 10 bedrooms and 11.5 baths home is nestled on the Florida Bay in Key Largo. This secluded estate rests on just over 1 acre that is mesmerizing from the moment you enter the gate! The driveway is shared leading you to a tropical landscaped preserve and parking. 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.
If size, location and open water views are what you seek, look no further than this jewel on Saint Thomas, in the prestigious Port Largo Community. This 6 bedroom and 4 bath home leaves little to be desired. The large living area and kitchen located on the 3rd floor provide the best vantage points for endless water views.The 75 ft of deep water dockage offers quick and easy ocean access with a 6 ft control depth at the entrance of this waterfront neighborhood for vessels with deeper drafts. The heated pool and outdoor kitchen impart ample room to entertain and unwind. The 1st floor allocates plenty of room for storage and has a permitted full bath easily accessed from the pool. The 2nd floor boasts 4 bedrooms and 2 baths. Along with the living area, kitchen and laundry, the 3rd floor has Florida Keys Real Estate and Homes For Sale.
BEAUTIFULLY UPDATED WATERFRONT POOL HOME! This home has been completely updated offering 3 bedrooms & 2 bathrooms, impact windows, awesome outside entertaining area with a gorgeous pool, 60 ft. of dock with boat lift, located in a great neighborhood with a bay front home owners park with a boat ramp & close to everything in the Village of Islamorada! This home will not last long! 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.
HUGE OCEANFRONT PARCEL JUST UNDER 3 ACRES IN ISLAMORADA, large deep water basin! 600 of waterfrnot! 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.
This stunning property is an entertainers dream that speaks of grace and uniqueness from the moment you step foot on the property. Beyond the brick paver driveway and tennis court, are two homes which are separated by a garden walkway. EACH home features 10 bedrooms and 11.5 baths! Both core living areas include grand staircases rising to the upper level master suites. Soaring ceilings with Florida Keys Real Estate and Homes For Sale.
Renovations almost complete, New kitchen and baths. 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 new, 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 Florida Keys Real Estate and Homes For Sale.
Beautiful Waterfront 6 BR - 5 BA, Heated Pool - Gas Fire Pit, 3 Car Garage, Custom Built Home by General Contractor - Owner completed in 2014, OFFERED TURNKEY! EXCELLENT RENTAL INCOME PROPERTY. Two Master Suites on the 2nd and 3rd Floors. All Doors, Crown Moldings are Imported Hardwood. Gorgeous Diagonal Ceramic Tile Flooring Throughout this Beautiful Home. Solid CBS Block, Hurricane Impact Windows and Doors. Electric Roll Down Shutters with Manual Overrides. Just 5 Minutes to the Ocean, No Fixed Bridges. Two Ipe Hardwood Docks, 65 Ft of Dockage, Deep Draft 6 Ft at Low Tide. Electrical 30 & 50 Amp Power and Water. Two Boat Lifts: 10K Lb. and 16K Lb. Gorgeous Water Vistas from 2nd - 3rd Floors and Widows Walk. Storage Work Shop! Secured Fenced Yard Bring your RVs, Boats, Skis. NO HOA DUES! Florida Keys Real Estate and Homes For Sale.
OSPREYS NEST IS CALLING! Beautiful Oceanfront residence with a natural sandy beach on sought-after Sunset Drive on Islamoradas Lower Matecumbe Key. Enjoy the sound of ocean waves lapping on your beach, onshore breezes & swaying palms. Remodeled 4B/3B home w/water views in every direction from every level. Gourmet kitchen w/center island, dining area, living room w/fireplace, Brazilian Jatoba wood interior staircase w/custom made stained glass window, 3rd level private master suite w/balcony. Let the outside in w/Anderson impact sliding glass doors, tiled balconies, Epay wood exterior railings w/glass inserts & Keystone accent walls. Numerous outdoor sitting areas to relax & take in the crystal clear turquoise waters of the Atlantic Ocean plus canalfront lot for docking your boat. 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.
This is a one of a kind home, with direct oceanfront setting; Ocean Views from Every room; Balconies off every room of the house; 367 feet of private beach, No South-side neighbor; dockage good for skiff; sit in your pool and look out over the Atlantic Ocean without going outside;New Kitchen installed 2017, Full granite and full granite back-splash, under counter lighting; New Stainless appliances, two television synced system with HDMI for TV, AND/OR DVD player. All new lighting with dimmer controls.SAUNA, New-Finland Model, located in poolside full bathroom.All Windows are hurricane proof and tinted, with additional Shutters for sliders. Excellent poured concrete construction; Large Beautiful Mahogany entrance doors. Minimal damage from Hurricane Irma Florida Keys Real Estate and Homes For Sale.
Income Property! A successful weekly vacation rental, Turtle Nest Estate is a long established rental property which has achieved $1,029,585 in gross rental income over the past 5 years (2013 to 2017). With an average annual gross income of $205,917, this property could potentially be self-funding! Plus you also get to enjoy your own tropical beachfront paradise on the ocean in desirable Islamorada near all the most popular diving and fishing spots. Relax on the 150-foot beach, soak in some rays by the pool, or enjoy nearby fine dining, entertainment & local attractions. This luxurious home offers more than 6,000 sf under air, an oceanfront pool with integrated hot tub, a wade-in sandy beach and an observation pier. Two-car garage, elevator, theater room, split plan, guest wing & more! Florida Keys Real Estate and Homes For Sale.
This magnificent estate embodies the very essences of luxury. A breathtaking beach home with sweeping ocean views, boasts of 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.
CLASSIC ISLAMORADA RETREAT. Breathe in the good life at Penn Key Club! Enjoy this private home, located in an exclusive Bayfront gated community in the heart of Islamorada with pool & boat dockage in a protected boat basin. The lovely Old Florida home offers 3 bedrooms and 3 bathrooms with panoramic views of the open water from every angle. Enjoy magnificent sunsets year-round while relaxing in your living room or the charming sitting area located in the backyard on the open Bay. This offering is Keys living at its finest! Florida Keys Real Estate and Homes For Sale.
Live the Island Lifestyle in the Florida Keys. Located on the Bayside at Mile Marker 98, this waterfront, single family, 3 Bedroom, 3.5 Bath home has 2099 Sq Ft of living area, covered porches, roof top deck with bay views, heated pool, ice maker, hot tub, boat lift and electric gated entry, home generator, impact windows and doors. You will also find an Electric Car charging station and RV hookup and parking on the side of the house. Offered for sale furnished and with a Golf Cart. The storage shed, bricked pool deck, and lush landscape and lighting complete the curb appeal of this fabulous home. Call today to schedule your private showing. This may be the piece of paradise youve been looking for! Florida Keys Real Estate and Homes For Sale.
Oceans Two - Florida Keys oceanfront luxury: If a change in latitude / attitude is on your agenda, SE Florida wouldundoubtedly command a priority position. Location is Key, given a common objective of Best of Both Worlds - Oceanfront Island Living, with Easy Drive/Boat Access to Miami.The demands defined its unique location and design criteria: Easy Access to Miami; Expansive ( 270 feet ) Ocean Frontage with views to the horizon; Deep Water Canal Dockage with Direct Ocean Access; Short Cruise to the Bahama Islands; Renowned Ocean and Flats Fishing; Swimming and snorkeling the famous John Pennecamp Reefs (in sight of property); Privacy / Tranquility / Security / City Services; Luxurious Two Home Architecture Florida Keys Real Estate and Homes For Sale.
Location, location, location. Enjoy breathtaking sunrises & take advantage of your amazing endless ocean views & light filled living spaces through floor-to-ceiling windows & sliding impact glass doors. 2nd home from the oceans edge. Spacious kitchen w/enclosed porch & 2 bathrooms remodeled in 2003. New AC in 2012. Beautiful CBS construction offering views from almost every room. Private master suite on 3rd level. 60 ft concrete dock with davits on deep water canal. Garage, carport, storage, and 1/1 on 1st floor. Paved circular driveway on quiet cul-de-sac location. Great access to favorite fishing & diving spots. Relax on veranda and enjoy boats go by. Convenient location near restaurants, Pilot House, KL Fisheries, shopping, and easy commute from Miami. Florida Keys Real Estate and Homes For Sale.
Sunrise and Sunsets. Surrounded by beauty, this charming ocean front home is where your opportunity to own a piece of paradise begins! Great rental or investment property! Your favorite fishing spots just minutes away from your dock! Florida Keys Real Estate and Homes For Sale.
This spacious beachfront, two-level home comprises 5 bedrooms, 5.5 bathrooms, and 5,400 sqft. Newly renovated in 2018, its open floor plan displays modern, sleek design details. Special features include a media room for entertaining, as well as a wrap-around balcony terrace that boasts breathtaking waterfront views. Just steps from its secluded beach and dock, this property is perfect for boaters and water activity enthusiasts. The grounds are defined by lush trees, exuding the serenity of a private Key Largo oasis. This versatile estate could also be utilized as a vacation property or rental income opportunity. Florida Keys Real Estate and Homes For Sale.
Enjoy astounding views as you enter this estate home with soaring ceilings and floor to ceiling windows. Offering 8 bedrooms, 6 1/2 baths set on a nearly 1/2 acre point lot, with open water views of Snake Creek and the Ocean beyond. Screened balconies on all levels, beautiful screened in Pool and Spa, 100 Protected Dockage, mature tropical landscaping with lighting. Double 4-car garage, Separate guest quarters, Elevator. Gated Drive. Easy to show by appointment. 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.
Enjoy the ocean view and feel the breeze from this delightful tri-level tropical escape with rooftop deck. Generously proportioned with 5 bedrooms, 3 baths, elevator & interior stairs. Open layout to the fabulous stainless steel kitchen. A walk-in pantry & big island give you extra storage & counter space. Beautiful wide verandas & french doors in every room provide the perfect spot to sit, relax & take in the view. The master bedroom & enormous walk-in closet is complete with a gorgeous bathroom. 40 ft concrete dock on deep clean canal. Minutes to Molasses Reef and Rodriguez Key. Cool off in private community pool in one of the prettiest streets lined with palm trees & green grass maintained by the assoc. Ocean Front clubhouse, boat ramp & storage. Florida Keys Real Estate and Homes For Sale.