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 two-story 3BD/3BA home is located on Summerland Beach on an acre of natural vegetation with gorgeous sunrise views. It features two master bedrooms with ensuite bathrooms, spacious screened porch, barrel tile roof, tiki hut, wood dock, boat lift & boat, covered parking and room for a pool. Great family home or investment property. Zoning allows weekly rentals Florida Keys Real Estate and Homes For Sale.
MAGNIFICENT Ocean estate located on prestigious Duck Key. 138' Deep Dockage This luxury home sits on 3 1/2 lushly landscaped lots. A heated swimming pool/hot tub overlooks the sparkling, blue Atlantic Ocean. High end designer, gourmet kitchen features Blue Louise Granite, Solid wood corbels, wine chiller, Sub Zero, Miele Dishwasher & ice maker. Mahogany front door, sliders & windows are impact. Florida Keys Real Estate and Homes For Sale.
This bay front home is a rare blend of perfect privacy and convenience. From the expansive views of Key Largo bay to the 2 acres of lush plantings and trees, you're ideally situated within minutes to John Pennekamp Park. Over 2500 sf of one level living space with great room with dining and living areas, high ceilings, marble floors, 3 master bedrooms, 3 full baths and a magnificent kitchen.Heated Florida Keys Real Estate and Homes For Sale.
Looking for a wonderful family home with great dockage? This is it, Beautiful three story concrete fortress in Venetian Shores, with 5 bedrooms, 5 bathrooms, inclusive of lower level private guests quarters!Open floor plan with third level master suite, elevator, large sceened porches,2 car garage,storage, plus 100' of concrete dock with lift and davits, awesome lot with plenty of room for a pool! Florida Keys Real Estate and Homes For Sale.
The Gardens is located on 1.53 acresof mature tropical foliage, with expansive sandy beach, long dock, decorative columns, gated entry and winding Chicago Brick drive. Upstairs, this exquisite home features two bedrooms, two baths, two large glass front porches, kitchen with bar, dining and living room. Double glass doors and windows provide breathtaking ocean views. A wrap around porch Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
OPEN OCEANFRONT with DEEP WATER DOCKAGE, private cut-in BOAT BASIN with 3 large boat slips, davits, oceanfront POOL and expansive ocean views. Custom 4BD/3BA home provides great views throughout. An angled porch roof directs cooling ocean breezes year-round. Separate 800 sf elevated storage bldg. with parking below. Must see to appreciate the gorgeous cypress wood and stone finishes & ocean views! Florida Keys Real Estate and Homes For Sale.
Relax and enjoy the beautiful open water views from this 3bd/3.5 bath bay front home. Crane Hammock beauty featuring top of the line appliances, granite counters, travertine and bamboo flooring. Impact resistance windows and doors. Boat lift with boat ramp and community park nearby, room for a pool and the list goes on and on!!! Florida Keys Real Estate and Homes For Sale.
Islamorada waterfront with 70'of concrete deep water dockage & davits located in Desirable Venetian Shores! This home features,open floor plan w/soaring ceilings,beautiful chef kitchen, privacy with secluded view of sanctuary, 3 bedrooms,3 baths,great family home,unique design,lots of storage for all of your water toys,and plenty of room for your Yacht. Truly a must see! Seller is Motivated. Florida Keys Real Estate and Homes For Sale.
Relax on your own Island Home directly on the Atlantic Ocean. This home is located on the Island next to Little Palm Island. Privacy with your own Swimming pool and White sandy beach. 11 kw generator and solar panels makes this property self efficient. The master suit is located on the top floor with direct Ocean views. Florida Keys Real Estate and Homes For Sale.
BEAUTIFUL KEY LARGO CARIBBEAN STYLE DEVELOPMENT. SIX BUILDINGS W/10 UNITS, ONE SINGLE FAMILY WITH A POOL & NINE OTHER UNITS W/A POOL. HIGH END MATERIALS, VAULTED WOOD CEILINGS, WIDE COVERED PORCHES SITUATED ON 2.2 ACRES ON THE BAY WITH A 5 BOAT MARINA. GORGEOUS SUNSETS, GREAT FISHING & WILD LIFE IN YOUR BACKYARD. WONDERFUL INVESTMENT OPPORTUNITY. ALL PERMITS APPROVED & CURRENT. WATER IS INSTALLED. Florida Keys Real Estate and Homes For Sale.
RARE OPPORTUNITY TO OWN THIS VERSATILE PROPERTY. MUST SEE TO FULLY APPRECIATE: 3bd/4ba Gulfront home with stunning interior, soaring ceilings, sweeping staircase, wood floors, many custom features throughout incl. inlaid leaf design windows. Too many details to list, so please request brochure.In addition to the home there are 4 RV sites, 10 liveaboard slips 2 mobile homes, tiki huts etc. Florida Keys Real Estate and Homes For Sale.
Ultra private and secluded waterfront estate on 6.5 acres with expansive dockage, private boat basin, ramp, lifts and davits. Principal house with 4BR/5.5BA and separate 2/2 guest house. Multiple indoor/outdoor entertaining areas and true chef's kitchen with Carrara marble countertops. Hardwood floors throughout. Lush tropical gardens designed by Raymond Jungles with oversized pool and spa. Florida Keys Real Estate and Homes For Sale.
Breathtaking ocean views! This 4 bedroom, 3 bath home offers protected deep water dockage, pool, instant ocean access for the best fishing and diving the Keys has to offer. Master suite, on the 3rd floor, has a panoramic view along with a huge sun deck and an observation deck. Three guest bedrooms and two baths are on the 2nd level. Kitchen has stainless steel appliances and is fully equipped. Florida Keys Real Estate and Homes For Sale.
This unique large parcel in the heart of Islamorada is an outstanding oceanfront property. The original buildings have been lovingly refreshed creating an exquisite beachfront retreat! Plans for observation dock and swim platform have been drawn.Very popular as a vacation rental, appointments for showings are required. Florida Keys Real Estate and Homes For Sale.
The Atlantic Ocean is your backyard playground in this gorgeous Florida Keys beach home. The home has 4 bedrooms, including a spacious, private master suite. The main living is a dramatic Great Room, with open kitchen & living areas and floor to ceiling windows overlooking the ocean. Outside, you'll find a pool with built-in water feature and an open spacious covered patio overlooking the beach. Florida Keys Real Estate and Homes For Sale.
Stunning dream home on the water in elite subdivision Safety Harbour. Known for the most excellent boating access. This brand new construction home was designed with the most regard for relaxing and enjoying life. Equipped with a shallow entry pool surrounded by Travertine pavers and lined with lush, tropical landscaping, IPE decking and 20,000 lb boat lift! Florida Keys Real Estate and Homes For Sale.
Open Water Home + beach front, this spectacular 3 bedroom 2 bath home sits on prestigious Summerland Key in such a unique setting, Master Suite Over Looks Open Water + Beach, Master Suite offers private office + grand Bath + 2 balconies, upgraded chefs kitchen with granite counters, metal roof, impact windows, Access to protected canal + boat basin for your boat Florida Keys Real Estate and Homes For Sale.
Tarpon Point, an exclusive enclave of 12 oceanfront residences. Designed to meet the ultra-high standards of the developers, these exceptional homes allow for the most advanced building techniques to reside in harmony with one of the worlds few remaining untouched and fully protected marine habitats. The spacious four-bedroom, four-bath homes range from 2,700 to 3,380 square feet of Florida Keys Real Estate and Homes For Sale.
Poured concrete construction including the roof, coral rock entrance, freshly painted, new screening and framing of the large balcony, sun deck, no spalling issues, 15,000 lb boat lift, 5,000 lb davit lift, boat ramp, Simpli Safe alarm system, 4 car garage, stunning kitchen with gas stove with heat lamps, Paver circular drive, 2 cedar closets downstairs. Boat for sale also. Florida Keys Real Estate and Homes For Sale.
Exclusive Long Beach Estates, over one half acre of beautiful sand, unobstructed open water views, moon and stars galore. Privacy, fantastic fishing, diving and soul searching. Relax in the custom 5 bed, 3 bath spacious home, open floor plan, great porches with views of sunrise and sunset. Garage with workshop. Large pool and sandy beach. Families of deer to love and birds you have never seen. Florida Keys Real Estate and Homes For Sale.
Summer Sunsets and spectacular open water views all year long.3 BDR. home with large porch over looking the Gulf. Newly remodeled kitchen and baths. In-ground heated pool,spa deep water dock, garage and lots of storage on 1st level. Tropically landscaped. The neighborhood is lovely & extremely quiet...no street noise. Vacation rental property with very good rental history.Call for details. Florida Keys Real Estate and Homes For Sale.
Spacious and beautifully maintained 3 bedroom 2 bath furnished home in Key Colony Beach. Screened porch overlooks the pool and walk way that leads to the dock. Easy boating access to the Ocean and to the Gulf via Vaca Cut Bridge. There is a living area and separate family room, along with a formal dining area and breakfast area. Split floor plan allows for privacy when your guest arrive. Florida Keys Real Estate and Homes For Sale.
Custom estate on a large corner canal front property includes many amenities. Imported travertine bathrooms are stunning with cherry cabinets and the tongue & groove ceiling has that Keys flare. The kitchen has spectacular slate floors with granite countertops, built in pantry and Jen Air appliances. Full wrap around decks and large screened porches brings the beauty of your tropical oasis. Florida Keys Real Estate and Homes For Sale.