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.
Breathtaking Ocean front property! Beach house retreat on Lower Matecumbe, Islamorada with over 1/2 acre of land plus an additional nearly 1/2 acre of oceanfront submerged land.The owners have connected and paid for the sewer connection, as required, to the city sewer system with no property easements. There is a grandfathered in Ocean front jetty along with an aluminum bridge leading out to the concrete jetty in the ocean, where you will find a unique bay bottom that is included with this very special property. There is an amazing 180 degree view of the vast ocean with no obstructions, along with a large beach area and sea wall with concrete ramp connecting to a concrete dock and the bridge. The home is strategically placed deep into the property for privacy, serenity & seclusion. 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.More photos to come. Florida Keys Real Estate and Homes For Sale.
This waterfront residence is the epitome of an ultimate tropical oasis and was masterfully designed to blur the lines of indoor and outdoor space. The newly refinished pool & spa is elevated to the main living and entertaining level & includes a gas heating system , a salt generator and Pentair control system. This home boasts expansive new Sentinel impact glass windows, a luxury elevator, floor to ceiling sliding doors, 8 ft solid core interior doors, dentil crown molding with indirect lighting, gas fireplace in living area, and an over-sized den. French colonial kitchen with new Viking appliances ,including gas 5 burner range, granite counter tops & kitchen island. Breathtaking views from every vantage point punctuate this exquisite location on sought after Buccaneer Point. 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 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.
Clean as a whistle and ready for a new family to enjoy! This Venetian Shores home has room for a large family on 3 separate levels connected by an interior staircase. Numerous windows and sliding glass doors make this home light and airy! The main living area has a beautiful kitchen, 2 bedrooms and a bath and a large porch, while the 3rd floor has a very large master bedroom with bath and another large porch. The lower level is above the flood zone and has a large living area, bath and bedroom with sliding glass doors to the backyard and dock. The 70 ft. concrete dock has davits and there is room for a pool. Come and take a look, this is a very good value in Venetian Shores. Florida Keys Real Estate and Homes For Sale.
One of a kind bay front estate with 2 homes, deep water dockage, private boat basin and a 40x20 Infinity pool with Jacuzzi on an amazing, gated 2.75 acre lot stretching from Overseas Hwy to the Bay. Now is your chance to own the most spectacular new home in the Florida Keys with time to select the finishes. The main three story 5500 SF House is under construction & will feature 5 bedrooms and 6.5 bathrooms with a 2 story great room, state of the art kitchen, elevator, media room and sprawling balconies overlooking the bay. The property will also feature and outdoor kitchen and entertaining area. The 2 bedroom / 2 bath 1029 SF Guest House is completed and ready to be lived in. Florida Keys Real Estate and Homes For Sale.
This one owner 9,000 sq. ft. corner open water property with approx. 200 water frontage, 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.
PLENTY OF ROOM FOR YOUR YACHT WITH 140FT. OF DOCKAGE! This ultra modern home with exceptional architecture features a gorgeous open floor plan with expansive windows on all levels, beautiful open kitchen with Bosh & Sub Zero stainless steel appliances. The first level includes a large open room/bedroom, full bathroom & a laundry room. The 2nd level features an open kitchen & great room with a powder room and a large waterfront master suite. The 3rd level has a bedroom/office & a full bathroom including an outdoor bar overlooking the pristine waterway. Located on 2 lots with 140ft. of dockage with 2 boat lifts, a cut in boat slip, and 2 car garage with a large tackle room. Located in beautiful Venetian Shores with immediate bay & ocean access. This home truly has it all! Florida Keys Real Estate and Homes For Sale.
FISHERMANS PARADISE & KEYS STRONG ~ Waterfront in a premier location. Unaffected by Hurricane. Enjoy 80 feet of deep water dockwith a 11,000 lb. boat lift and 6500 lb. davits. Catch fish right from the dock! Bring your yacht, there is plenty of room.It is just 3/8 of a mile to the open ocean. Solid poured, steel reinforced concrete, with a poured sloped concrete roof. All windows are commercial impact/ The garage door is also hurricane reinforced with specially designed steel 2 by 2 bars. Complete emergency back-up circuits for running your generator. Plus a fuel pod with a roller systemin the yard with a wholesale fuel delivery set-up, never pay marina prices again!The property has been designed to be extremely low maintenance, and a third story could be added if desired. Must see! 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 a gourmet kitchen with 2 islands offering Padagonia granite countertops, seats 8,and top-of-the line appliances. Three private guest bedrooms each features spacious balconies and outdoor showers. The enduring master suite offers walls of closets, oceanfront media sitting area, a gorgeous master bath and private outdoor shower. The third floor home office features a wet bar and outdoor porch with ope water views. The inviting outdoor covered living area is perfect for entertaining and includes well over 2,500 sq ft. with custom outdoor kitchen and granite counter top that seats 16.The Florida Keys Real Estate and Homes For Sale.
Islamorada oceanfront gated private estate on 1.38 acres boasting spectacular views of the turquoise Florida Keys waters withstood the tough storm of Hurricane Irma with hardly a scratch! Superior construction held up superbly well, with only minimum repairs needed, which have all been completed and this property is as beautiful as ever! Luxurious beachfront living with comfortable accommodations for family and guests make this a great vacation property. Main house offers 4 bedrooms and 4 baths plus powder room off living area. Separate 1 bedroom/ 1 bath guest quarters with views of ocean and 150 beach from private balcony. Infinity edge pool and spa with outdoor grill and bar, 2 car garage, private drive with electric gate and a whole house generator complete this fine estate. Owners ... Florida Keys Real Estate and Homes For Sale.
SNOOK Residence: This Tarpon Point Beauty sits at the edge of the pool and offers spectacular ocean views. A spacious 4 bedroom/ 4 bath home is well equipped with a Chefs kitchen with top of the line stainless steel appliances granite counters. Whole house generator, impact resistant windows & doors and a private elevator. 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.
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.
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.
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.
FABULOUS PORT ANTIGUA HOME with incredible Homeowners Park and BEACH!! Come into the entrance foyer and take the interior stairs to the second floor living area. This home features an open open floor plan and a HUGE kitchen with center island. 2 sets of sliding glass doors open to the screened porch with stairs to the back yard and dock. 3 bedrooms and 2 baths are also on the main living level as is the laundry with full size washer and dryer. Downstairs there is a bedroom with sliding glass doors to the backyard and dock as well as a garage. The boat lift is rated at 15,000 lbs. and all windows and doors are impact resistant. The Homeowners Association boasts the best natural white sand beach in all the Upper Keys as well as a community boat ramp. Florida Keys Real Estate and Homes For Sale.
Unparalleled, best describes The Sunset Estate. Perfectly positioned on Point Pleasant, this estate includes an exquisitely built 2006 home, and another separately deeded 1963 home, that was completely rebuilt in 2007. The main house was designed by its owner, a structural engineer and is nestled behind the electric gates and perfectly manicured grounds. From the moment you enter the foyer of the main house, its open floor plan takes advantage of the panoramic views of the Florida Bay. The saltwater, 20x30 pool, offers a perfect spot to unwind or entertain. There are 2 docks. A 100 ft dock with concrete pilings, electric (50 amp) & water behind the main house, and a 30 long dock with concrete piling and wood deck behind the guest house, also with electric and water. Combined, the 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.
Exceptional masonry home with pool in one of Islamoradas most sought after communities, Toll Gate Shores. Intimate water front community of exceptional homes with private owners park serving less than 40 residences. This home has been updated throughout with exquisite baths, granite and stainless kitchen, vaulted ceilings, screen balcony overlooking dockage and pool area. There are 2 spacious bedrooms with ensuite baths on main level with interior stairs taking you down to 3 room used for 3rd bedroom or den. There is also a full laundry room and full bath, full garage and access to pool area and covered carport and pool side entertainment area. The heated pool has wonderful afternoon sun and full pavered deck all around for entertaining as well as a recently installed wet bar. Florida Keys Real Estate and Homes For Sale.
Waterfront Privacy on 3 Contiguous 1 Acre Parceled Lots with Beautiful Native Tropical Hammocks. Featuring a Solid CBS 2 Bedroom-1.5 Bath Home, 2 Outdoor Showers, Sparkling Heated-Color Lighted 8-Foot-Deep Swimming Pool-Whirlpool Spa with an AquaLink Controller. Beautiful Shell Stone Flooring throughout and a unique Rooftop Observatory. The Cabana House features a Gorgeous Wood Interior, AC-Ceiling Fan, Additional Sleeping Quarters and space for a Game Room-Bar. This Gated Open Water Resort-Home features Spectacular Florida Bay Sunsets, a Natural Gateway to World Class Fishing and Diving. There is a 10K Ton Boat Lift and Two Tidal Pools on the property. Catch Lobster, Snapper, Tarpon from your backyard Sea Wall. The Vacant 1 Acre Lot can be purchased separate from the House, Cabana-Pool. Florida Keys Real Estate and Homes For Sale.
Welcome to The Pinnacle on the Point at Calusa.This exquisite bay-front home features 3 bedrooms and 3 baths. The owners specifically designed and built this as their dream home.The attention to detail is noticeable from the moment you arrive.The hand picked pavers(that mimic tile)of the driveway and lower entertainment area first greet you.You will notice that this lower level boasts a stunning outdoor area with an ice machine, fridge, stove top, wine chiller, Blaze grill, 65k BTU burner and griddle.The area also includes the perfect outdoor seating areas, one with fire pit. There are 2 boat lifts (7k & 16K), the smaller lift can accommodate 2 personal water-crafts or a small flats boat.The inviting main living area is open and offers great views of Buttonwood Sound from any angle. Florida Keys Real Estate and Homes For Sale.