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.
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 legal 1bd/1ba down with workshop. Inviting deck off living area to enjoy the wonderful oceanviews and beautiful sunrises! Beautiful pool, Electric gated entrance, 90 of concrete dockage and boat lift. Florida Keys Real Estate and Homes For Sale.
WATERS EDGE - This custom-built home awakens all of ones senses. The Islamorada location is premier, having been chosen by the owners parents, because of its relationship with nature and the bay. The water is crystal clear and inviting, with walk-in beach entry. The home enjoys expansive views of the magnificent Florida Bay. There is deep-water dockage, with a boat lift and Tiki Hut. The view of the horizon is speckled with Mangrove Islands. There is a unique, swimming platform as well. The property is surrounded by breathtaking vegetation, Indigenous Trees and Palms, colorful Orchids, Bromeliads and Staghorn Ferns. The gardens exude a sense of peace, serenity and the most beautiful fragrant scents. Florida Keys Real Estate and Homes For Sale.
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.
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.
Beautiful Oceanfront retreat. Main House is completely renovated with 3 bedrooms and 3 baths, including 2 Master Suites. Guest Cottage has Vaulted Ceilings with a full kitchen and large living area along with a private bedroom and bath. Beautiful unobstructed ocean views and private boat ramp. Oceanside Private pool and Tiki Hut. 2 legal units Florida Keys Real Estate and Homes For Sale.
ISLAMORADA WATERFRONT HOME LOCATED ON ONE OF THE MOST DESIRABLE STREETS IN VENETIAN SHORES! This solid concrete freshly painted home with a metal roof features over 2,700 square feet of living space, 4 bedrooms, 4 full baths plus powder room, open floor plan with vaulted ceilings, family room, large living room, gorgeous granite/stainless kitchen, private master suite, 70 ft. of dock with davits, direct bay & ocean access via snake creek, garage storage & so much more! 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.
Highly Motivated! Unique beachfront estate on the Florida Bay. Completely above flood, ground level home! Magnificent sunset views from your own private sandy beach and pool. Deep water docking pier for several 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 (added in 2000) 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.
Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Waterfront 4BD/3BA concrete pool home in one of Islamoradas best neighborhoods only a few homes away from the open bay! Perfect for boating with immediate bay access and easy ocean access through either Tavernier Creek or Snake Creek. Concrete dock with davits and water/electric at the dock. Gorgeous heated pool, large back porch, large garage and a rooftop deck with open bay views. Upstairs is a 3/2 split plan with separate 1/1 downstairs guest apartment with its own kitchen/living space connected through the foyer entry by interior stairs. Upscale finishes and charming touches throughout! Theres also a neighborhood park with a boat ramp within walking distance. Call today! Florida Keys Real Estate and Homes For Sale.
This truly unique property with 151 of Bayfront in prestigious Buccaneer Point makes entertaining twice as easy with 2 docks, 2 boatlifts, on 2 lots with 2 sets of bay views from 2 locations. The main home offers 3 bedrooms/3 ensuite baths, cathedral ceilings and open floor plan that allows endless views of the Florida Bay from virtually every room. Lounge by the pool and summer kitchen with Florida Keys Real Estate and Homes For Sale.
Hammer Points Newest Home is almost complete.This designer open concept home offers 4 bedrooms & 4 baths perfectly positioned over 3,010 sq ft of living space. Each floor spills out into the exterior space and each offers its own covered terrace.The upscale finishes are noticeable throughout the whole property and include:LED lighting,lit staircases,custom Mosaic tile work, faux wood tile,quartz counter tops,hardwood cabinets,glass railings and much much more. The outdoor area boasts a custom pool, great for unwinding after a long day on the boat. Currently under construction is the concrete dock that will measure 50 ft long by 4 ft wide on one end and then another 15 ft.long on the other end (forms an L).The Completion/Certificate of occupancy is expected withing the next 30 days. 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.
Architecturally inspired by Italian Old World charm, this modern Mediterranean oceanfront estate is situated on a peninsula on the Atlantic Ocean in exclusive Ocean Cay, Key Largo. This luxurious estate home, on over 13,000 sq. ft. of ocean front land features ultimate privacy with superior CBS construction, a four car garage, electric shutters, electric gates, elevator, 5 central AC units and over 5500 square feet of living space on 3 levels. Majestic palms and the grand mahogany doors invite you into this four bedroom, five bath estate home filled with an abundance of natural light. Florida Keys Real Estate and Homes For Sale.
Craig Cay Island Estate - A unique opportunity for a buyer to participate in this exciting Pre-Construction project, affording the buyer an option to choose their interior finishes, based on their personal preferences. When completed, this magnificent, ground-level & sprawling, 9,737 sq. ft. home will be an exceptional masterpiece, with 6 bedrooms, 6 full baths, 2 half baths, exercise room, full entertainment room (above the dining room), glass solarium, tackle room, 3 car garage, captains quarters (above the garage) overlooking the 300 of deep-water, protected boat basin with 106 of concrete dock and a custom, 222 long pool which will wrap around both sides of the house, facing the bay. A unique feature will be the Safe Room, constructed of concrete walls Florida Keys Real Estate and Homes For Sale.
OCEANS BLUE An ocean front Islamorada oasis in the fabulous Florida Keys. At the confluence of Tavernier Creek and the Atlantic Ocean, where the ocean meets the sky, stands OCEANS BLUE, a 5-bedroom, 4-bath island home with pool, elevator and unparalleled views of the open water. A protected canal along the propertys northwest side provides 148 feet of concrete dockage with two boat lifts, a fish cleaning station, water and shore power. The 5,530 SF residence commands 132 feet of oceanfront with seawall and tropical landscaping. Spacious outdoor patios share the magnificent ocean views and breezes. The breakfast bar/lounge area is perfect for entertaining. Step out onto the elevated second-level pool area and relax on the expansive poolside patio 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.
Open water home on Florida Bay with dock & boat lift in desirable Buccaneer Point. Unwind in this charming island-style 3/2 on an extra large lot with fenced backyard, hot tub and outdoor shower. Kick back on the open water view screen porch or in the large top floor master with bay view balcony. Offset your expenses with repeat rentals if desired. This perfect Keys retreat is only an hour from Miami. New impact windows (2017) and new metal roof (2015). Dont miss this great opportunity to live on the open water with dockage! 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. This price is for the lot, plans and permit with the pilings, grade beams and temporary power pole completed. The price will increase as construction progresses. 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. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
This custom built concrete home in Old Tavernier was creatively designed to showcase the breathtaking panoramic ocean view. The open concept floor plan on the main floor is great for entertaining; you can choose to dine alfresco on the large veranda or in the ocean view dining room. The main floor also boasts a chefs kitchen, 2 bedrooms and 1 bath. On the third floor you will find a private oasis; the expansive master suite is equipped with an oceanfront whirlpool tub perfect for a relaxing evening. Step into the backyard where you will find a large sandy beach to launch your kayak and paddleboard as well as a new 1,020 sq ft composite dock and 12,000 lb boatlift; everything you need to enjoy the Florida Keys lifestyle! Florida Keys Real Estate and Homes For Sale.
What an incredible location with endless views of the bay and deep water dock! This is a corner lot with water on 2 sides, 200 Ft +/- of concrete protected dockage, a boat slip, T dock and jet ski davit . Solid concrete construction including the roof. Expansive glass on the waterside of the house maximizes the incredible views. Large open concept entertainment area and tiled floors throughout. Expansive master suite encompasses the second floor and includes a master sitting area, bedroom with bay views, exterior concrete roof deck, and en suite bath. There is a concrete storage building, outdoor shower, accordion shutters, private boat ramp and a beautiful electric privacy gate. This is a wonderful island retreat, only 1 hour to MIA and yet a tropical world away! Florida Keys Real Estate and Homes For Sale.
Opulent, alluring and meticulously detailed, this Islamorada Estate is where perfection meets the Bay ~ welcome to The Fish Ranch. Located on Plantation Key, The Fish Ranch estate features two (2) single family residences plus a media house, and cabana with outdoor kitchen. World-class designs make this one of the more distinguished estates for the most discriminating buyer. 100 swimming pool with two beach entries, hot tub, 250 of sandy beach, putting green, dockage, architectural designed landscaping with fire pit and lighting throughout. Also included with this property is an additional 19,729sf lot and three (3) building rights, which allows for more houses to be built on The Fish Ranch or transfer them to another parcel of land. Florida Keys Real Estate and Homes For Sale.