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.
BAYFRONT, SUNSETS, PROTECTED DOCKAGE! Never before on market, this home is a rare find in Islamoradas Safety Harbor neighborhood. The open concept main living level offers uninterrupted bay views as well as 2 BR & 2 BA. The 3rd level owners suite has a huge open deck as well as a rooftop deck. Lovingly built by current owners, this home is ready for a new family to make it their own. Florida Keys Real Estate and Homes For Sale.
This is a beautiful waterfront home that has been updated & remodeled in 2006, located in one of the finest neighborhoods with supreme boating access. 5 bedrooms & 3 bathrooms upstairs plus a wonderful entertaining area and home theater with additional bathroom down. Fenced and gated property with paver drive, metal roof and over-sized garages. Expansive glass on the waterside, imparts a luxurious resort lifestyle within the residence. Designer finishes throughout include travertine marble floors, Kitchen-Aide, Bosch and Samsung stainless appliances, vessel sinks, built in bar, vaulted ceilings, frame-less glass showers with rain heads, & Toto toilets. Dock includes a 15,000 LB. boat elevator and fish cleaning station. Fast bay and ocean access via Tavernier Creek. Easy commute to Miami. Florida Keys Real Estate and Homes For Sale.
Excellent Canal Front home in Desirable Port Largo! Ocean Side Concrete spacious home offering 4 Bedrooms and 3 baths. Upstairs has 3 bedrooms, 2 baths, beautiful kitchen overlooking the pool & canal, dining,living area, laundry, plus grand foyer entrance, with access to legal above flood downstairs guest quarters with full bath. This home is ideal for entertaining. Downstairs you have two carports, heater pool & Jacuzzi, amazing chickee hut. 75 Concrete dock with a set of davits & aluminum boat lift, plus fish cleaning station. This beautiful home is gated, & offer pavered driveway. This home will has a incredible floor plan. This amazing subdivision offers, an excellent homeowners park with boat ramp & tidal pool with chickees. Also the community park is just steps away. Call today! Florida Keys Real Estate and Homes For Sale.
Prime location in the heart of Islamorada. Oceanfront 4 bedroom, 3 bath completed residence with 7 additional building rights on this 2.65 acre property. Pool, spa, dock and tennis court. Create your own subdivision or family compound. Privacy and open water Atlantic Ocean views. Walk or bike to restaurants, art galleries, shopping. World-class sport fishing, diving, kayaking, paddle boarding. Property and home photos were taken prior to hurricane Irma. Florida Keys Real Estate and Homes For Sale.
VENETIAN SHORES ELEGANCE! This newer construction custom built home offers over 2,900 sf of living space featuring a gourmet kitchen with top of the line appliances incl. a gas stove & grocery lift, nice open floor plan for entertaining, soaring ceilings, expansive porch overlooking the waterfront, grand master suite, office/3rd bedroom, downstairs guest quarters, above flood can be enclosed to expand living space, Interior Staircase already in place! Lots Of Potential! MOTIVATED SELLERS! Florida Keys Real Estate and Homes For Sale.
Luxury and oceanfront views await you in your brand new top of the line finishes pre construction condo in the heart of Islamorada.Property was enhanced with over $800,000 in improvements to the pool, beach, entrance and common areas to include a summer kitchen & fire pit. Spectacular piece of paradise & a unique opportunity to buy the first new construction condo in Islamorada in over 22 years. Florida Keys Real Estate and Homes For Sale.
Hurricane Irma didnt leave a mark on this concrete fortress! Enjoy Keys living at its best in this large, canal-front, pool home. Almost 2,500sqft of living space, 4 bedrooms, 4.5 bathrooms with lots of storage. The 60a(tm) concrete dock features 5,000 lb and 15,000 lb boat lifts with quick access to the bay and the ocean. After a day of fishing you can cool off in your heated and chilled in-ground pool or relax in the hot tub spa. With a kitchen designed by a professional restaurateur, with brand-new granite countertops, you will enjoy entertaining your friends. There are lots of custom features that really set this home apart. This fabulous home is located in Indian Waterways on Plantation Key, close to schools, grocery store, movie theater, Founders Park, and much more. Florida Keys Real Estate and Homes For Sale.
THE BEACH HOUSE w/ 100 of beach. Beautifully appointed 4 BD/ 4 BA home comes furnished. Forever ocean views to be enjoyed the moment you step into the Great Room. Vaulted ceilings w/ sky lights, enjoy the sunrise and the afternoon shade, electric gate, circular drive, large garage, outdoor living space, room for a pool. Turn Key! Florida Keys Real Estate and Homes For Sale.
Custom-Built Luxury Waterfront Islamorada Pool Home! Gorgeous 4BD/4BA with endless porches and artistic one-of-a-kind finishes. Spacious 3,365 sf concrete home on 3 separate living levels with both interior stairs and an elevator. Desirable Kahiki Harbor neighborhood offers direct boating access to the ocean and bay via Tavernier Creek. Designed by David Harum, this distinctive home is a must see! Florida Keys Real Estate and Homes For Sale.
Islamorada Venetian Shores luxury waterfront 5BD/5BA with 100 dock and boat lift, custom pool with spa and waterfall, elevator & private master suite on the 3rd floor. Instant big boat access to both the ocean and bay from 100 wide, deep canal. Spacious home offers over 5,000 sf including porches, separate guest quarters and garage. Security system, brick drive, impact glass, landscaping & more! Walk through the home on your computer in full 3D now: http://tinyurl.com/ybrk5f8p Florida Keys Real Estate and Homes For Sale.
Large lot with plenty of parking for RVs, boats, and room for a pool. Functional Boat ramp. 140 foot of dock. Easy boating access to Adams cut and all the best restaurants and bars on Blackwater Sound. Excellent unobstructed Bay views. 2 covered porches and 2 sun decks. Master bedroom on 1rst floor. 3 of 4 bedrooms have private bath. This home is the life of the party ! Agent is Owner. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Property and home photos were taken prior to hurricane Irma.EGRET Residence: Brand new construction! This oceanfront home is stunning! The Tarpon Point community is gated and lushly landscaped with amenities such as oceanfront pool, beach, dockage and full service all home generators. This spacious 4 bedroom 4 bath home also comes with an elevator giving access to all floors of the home. The kitchen is equipped with high end Florida Keys Real Estate and Homes For Sale.
Spectacular private 4.33 acre estate on Upper Matecumbe Key. The setting offers spectacular sunrises, and ocean vistas that feature sunset colors reflecting off Alligator Lighthouse. The property offers a private beach which brings mother nature to our door steps. From the beach you can launch your kayak and search for tailing bonefish, watch birds fly by or just sit back and relax. 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.
SPECTACULAR PANORAMIC bayviews and breathtaking sunsets offered in this spacious 4bd/4ba tri-level home! Open floor plan with beautiful gourmet kitchen, large living room and dining area, master on 3rd floor to take in the unobstructed views. Enjoy the large balconies offered on each level. Huge backyard, plenty of room for a pool! This is what island living is all about! Florida Keys Real Estate and Homes For Sale.
Bring your large family to this roomy home. Four bedrooms and a den along with a separate laundry room and a beautiful roof top deck with a great Bayview. 15,000 lb. boat lift at your 60 foot concrete dock. Relax by the pool at this beautiful tropical setting. Plenty of shaded parking with pavers and room for your boat and trailers. Impact windows and doors and a beautiful kitchen with an abundance of cabinets and a pretty granite counter top. Oversized screen patio and open patio also! Property and home photos were taken prior to hurricane Irma. Florida Keys Real Estate and Homes For Sale.
BEAUTIFUL NEW CONSTRUCTION!! Just minutes away from direct access to the ocean this home has a separate living area with 1 bedroom and 1 bathroom on the first floor. Continuing to the second floor following the interior staircase you have 3 bedrooms (2 master suites with walk-in closets) and 3 baths. All stainless steel Fridgedaire appliances. This home features a NEW pool, dock, and boat lift. Florida Keys Real Estate and Homes For Sale.
Extraordinary views compliment this sun drenched oceanfront estate.Home features 5 bedrooms/4baths and is located on two lots capturing over 270 feet on the waterCompletely renovated 2 story home with a gated entry offers a casual living style and is perfect for elegant entertaining.The impressive gardens are surrounded by swaying palms and a two-tiered walk in free formed pool and spa. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Boaters dream! Spacious 2 story family waterfront home in one of Islamoradas premium neighborhoods offering protected dockage on a wide clear canal with instant ocean & bay access. 100 dock with boat lift & davits. 4 bedrooms, 3 baths, attached garage. The central island kitchen is the heart of the home. Outside orchid house, mature landscaping & fruit trees. Photos are pre-Irma. Florida Keys Real Estate and Homes For Sale.
This home is located less than 300 ft. from Snake Creek which provides immediate Ocean and Bay access for year round boating fun! This spacious home has CBS construction, a poured concrete roof, covered gazebo and 100 ft. concrete dock. The lower level has a 1 bedroom, 1 bath apartment perfect for guests or extended family. The 2nd floor features the main living area with an open floor plan and 2 bedrooms and 1 bath while the 3rd floor has the master bedroom suite and a very large covered porch. Enjoy views of Snake Creek from all 3 levels and from the back yard and dock area. The covered gazebo by the dock is perfect for relaxing with family and friends. Dont want to cook? Get in the boat and reach numerous restaurants and bars within minutes. Enjoy the Florida Keys Lifestyle! Florida Keys Real Estate and Homes For Sale.
VILLA DEL MAR ~ Oceanfront Pool Home with over 300sf on the ocean and 150ft on a protected canal with 2 areas of dock. This 5 bedroom 4 bath home is nearly 4,000 sq. ft. An elegant home offered furnished, featuring panoramic ocean views with multiple sundecks to enjoy the breezes. A large island gourmet granite kitchen with custom hardwood. Custom Travertine marble floors, stained glass windows. Two Master Suites plus 2 large bedrooms and an office or maids quarters. Built-in cabinetry, TV & Surround sound system, den & entertainment areas. The house is complete with an infinity pool, an oceanfront gazebo, volleyball court, Dumb Waiter, Intercom & Security Systems. Barrel Tile Roof. Outdoor Patios & courtyard, 2nd floor Sundeck Florida Keys Real Estate and Homes For Sale.
Property and home photos were taken prior to hurricane Irma.BONEFISH Residence: Oceanfront elegance can be found in this brand new home. Designed to pamper and impress with the many construction features - 4 bedrooms and 4 baths with three stories of living and an elevator. The views from this house are incredible and on a clear day you can see forever. Gourmet kitchen with stainless steel Wolf Gas stove Florida Keys Real Estate and Homes For Sale.