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.
Wickfield South is a secluded, private estate situated on approximately 3 1/2 acres overlooking Bogie Channel on Big Pine Key. The property includes 444 feet of shore line and a private canal, 60 wide, 400 long with a boat basin. Tropical landscaping includes a variety of palm and mahogany trees, orchids and other tropical varieties. This beautiful meticulously maintained 3 bedroom, 3 1/2 Florida Keys Real Estate and Homes For Sale.
MAGNIFICANT OCEANFRONT ESTATE situated in Islamorada on 1.7 acres! The expansive floor plan takes advantage of the breathtaking oceanviews in this 5 bedroom, 3 bathroom home with gorgeous winding staircase leading to the 2nd and 3rd floor with over 3800 sqft of living space. Spacious beach area, pool, gated entrance and gorgeous sunrises! This is a property to enjoy the Keys in pure Luxury! Florida Keys Real Estate and Homes For Sale.
Welcome to The Oasis at Tarpon Basin. The custom electric gate and pavered driveway welcome you to this private bay-front property with over 175 ft. of waterfront. This nicely remodeled 3 bedroom 2 bath home has a split floor plan with open water views from the master suite and one of the other bedrooms. The open floor plan also offers water views from the living/dining areas and kitchen. Florida Keys Real Estate and Homes For Sale.
This well maintained all concrete home on the bay offers 3 bedrooms, 2 baths upstairs with an interior staircase to the rec room and den with full bath downstairs. The spacious living room overlooks the heated pool and Florida Bay! Magnificent views from just about every room in the house! The spacious lot with 110 of water frontage offers a boat ramp, 10,000 lb boat lift plus the 2 garages Florida Keys Real Estate and Homes For Sale.
Fabulous Bayfront residence with beautiful Bay views and Sunsets. Deep water boat dockage for large vessels and multiple boats. This property has been extensively renovated and has a third floor addition. Many new features including new 130 foot seawall and dock, new pool , new pool equipment, and extensive new pavers, and newly restored rare covered boat lift and cut in boat slip. The home was Florida Keys Real Estate and Homes For Sale.
Beautifully furnished Tarpon Flats unit with great views of the bay. Main floor includes living/dining area, kitchen, 2 bedrooms and baths. Third floor has master bedroom/bath, office, dressing area and 2 walk-in closets.Porches off of both levels with views. The common property has a pool, tennis court, greenhouse and dockage. Property is gated and full time caretaker. Florida Keys Real Estate and Homes For Sale.
Cul De Sac location on quiet Willow Lane in Safety Harbor. One of the most sought after deep water communities in the Upper Keys! 5ft plus minimum control depth offering approximately 300ft of dockage and a boat ramp. The home offers 2 bedrooms and 2 baths on the main level, interior stairs down to bonus room and 3rd bath. Split bedroom floor plan. Granite/stainless kitchen with lots of storage. Florida Keys Real Estate and Homes For Sale.
Newly Constructed Gated Bay Front Estate in Islamorada featuring amazing sunsets, 5 bdrms, 3 bths, 2 powder rms, gourmet kitchen over 4,500 sf of living space, expansive porches, elevator, outdoor kitchen, & dining make this luxury living at its finest. Beautiful bay front pool & spa, 100 ft. dock w/boat lift, cut in basin w/direct bay & easy ocean access. Truly an Island Lifestyle Experience! Florida Keys Real Estate and Homes For Sale.
SANDCASTLE, BLENDING LUXURY WITH TOTAL COMFORT - This custom-built, direct oceanfront, 4 bedrooms, 4.5 baths masterpiece exudes Coastal Island Style living in Islamorada, Florida. Built & expertly designed with meticulous attention paid to every detail and fine craftsmanship throughout, this architecturally striking, state-of-the-art smart house boasts magnificent and expansive ocean views, an Florida Keys Real Estate and Homes For Sale.
Best Boating in the Keys! Desirable Venetian Shores 5 bed/3 bath home with immediate ocean AND bay access via Snake Creek from a concrete dock on a 100 ft. wide canal. Impeccably maintained concrete home offers a 3/2 upstairs with high ceilings, spacious entertaining kitchen and gorgeous master. Downstairs is a separate 2/1 guest quarters, large carport, storage and greenhouse. Must see! Florida Keys Real Estate and Homes For Sale.
A MULTITUDE OF OPPORTUNITIES ARISE AT THIS OCEANFRONT PROPERTY. EXISTING 2/2 HOME HAS BEEN ADORINGLY RESTORED WITH BEAUTIFUL NEW POOL, SPA AND DECK OVERLOOKING THE VAST GREEN LAWN, BOAT BASIN AND SPARKLING OCEAN BEYOND.THE VILLAGE OF ISLAMORADA RECOGNIZES 4 SINGLE FAMILY HOMES AS WELL AS 3255 NON-RESIDENTIAL FLOOR AREA. Florida Keys Real Estate and Homes For Sale.
The Keys Life! Waterfront 4/3 home with expansive views, new pool, concrete dock, new boat lift, new paver driveway and fenced yard with electric gate in one of Key Largos most desirable areas. Concrete home with concrete roof on a private lot with no neighbors across the canal. Garage/storage and lots of outdoor spaces. Chefs kitchen with wood cabinets, gorgeous granite & a gas stove. Must see! Florida Keys Real Estate and Homes For Sale.
Superb Boating Access Included With This Completely Concrete Move In Ready Home In Venetian Shores. Plenty Of Room To Entertain Your Family & Friends, Private Guest Quarters, Hot Tub, Inside Stairs, Garage, Laundry Room And Large Open Patio To Spend Your Afternoons In Paradise. Bring Your Boat To The 70 Concrete Dock Along With Davits And Start Living The Keys Life. Dont Let This One Get Away ! Florida Keys Real Estate and Homes For Sale.
Mahogany Bay is an exclusive gated compound comprised of four architecturally significant Balinese style homes located on almost five acres of beautiful open bay front property in Key Largo, Florida. The home is comprised of two guest suites and two masters with unobstructed views to the open bay, beautifully landscaped compound . Florida Keys Real Estate and Homes For Sale.
CANAL FRONT in WINSTON WATERWAYS , This NEW 3 BDRM CBS HOUSE HAS NEVER BEEN LIVED IN !!! House has a 2 CAR GARAGE, spectacular glass double door entryway, STAINLESS STEEL appliances, granite countertops, tile in main areas & bathrooms, vaulted ceilings, stunning wood floors in bdrms, an elegant ENCLOSED stairway, a foyer & a screened porch facing the canal ! Elegance in Paradise ! Florida Keys Real Estate and Homes For Sale.
This is a fabulous home located central to everything Tavernier has to offer. CBS newly reconstructed home with 95 feet of concrete dockage with a brand new 20,000 lb. lift, cleaning station, 50 amp service plus water. Empties directly into Tavernier Creek for access to both ocean and bay. heated in ground pool with new heater just installed. lots of great tropical landscaping surrounds the proper 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! Price includes plans for additions. 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.
Truly Unique! In Islamorada,a Mediterranean style residence featuring a private boat basin expandable for a large boat, elegant pool and waterfall spa with entertaining bar area. This 4 bedroom 3 bath home boasts an open floor plan, with a beautiful gourmet chefs kitchen, lovely sitting areas overlooking the water, lower level guest quarters. Awesome location, with instant bay and ocean access. Florida Keys Real Estate and Homes For Sale.
Ocean Front Estate 2 story CBS home with Old Florida charm located between Key Largo and Ocean Reef on over 2 acres, has over 500 feet of direct ocean front, and panoramic ocean views from almost every room! Enjoy the private beach, pier, tarpon fishing and large boat basin with a boat lift for docking your boat. This spacious home has 4 BR including a master suite on the main living level. Florida Keys Real Estate and Homes For Sale.
Desirable Port Antigua waterfront 3/3 concrete home with pool, two boat lifts (larger is 17,000 lbs.) and an outdoor kitchen. Quick access to Florida Bay and the Ocean! Entry foyer, interior stairs & open concept living area. Huge top floor master suite has two open porches and is currently divided to create a bonus room. Port Antigua is known for its gorgeous wade-in beach & community boat ramp. Florida Keys Real Estate and Homes For Sale.
Rare offering in Port Largo with this British West Indies inspired custom designed waterfront home. Featuring two separate living areas, formal dining room, 4 bedrooms, 3 en suite baths, master jacuzzi tub with seamless showers, and teak indoor bar. Chef inspired custom cherry hardwood kitchen is equipped with gas, top of the line SS appliances, granite island, wine cooler and large laundry room. Florida Keys Real Estate and Homes For Sale.
The Beach house at Tarpon Point is brand new and as aptly named overlooks the beach area and ocean. Tucked away you will find this spacious 4 bedroom, 4.5 bath home with three stories of living and TWO living areas. Main living room overlooking the ocean and beach and the family room has a wet bar with wine fridge and libations storage. In between you will find a gourmet chefs kitchen with Florida Keys Real Estate and Homes For Sale.
Open water view of Florida Bay! Magnificent bayfront retreat on 1 1/2 lots. 120ft wide breathtaking open waterfront. Two deepwater marina boat slips within 1,000 ft. plus two floating docks at your back door for additional boats and water toys, immediate ocean and bay access, large roof top deck, free form pool, 1/2 size regulation basketball court and large chickee hut, see supplement.. Florida Keys Real Estate and Homes For Sale.
SPLASH-- into this delightfully tropical canalfront pool home. Located on the ocean side with direct ocean access mere minutes from your concrete dock. Boaters will love the option of davits and a boat lift. Enjoy a refreshing swim in your own in-ground, heated pool enhanced with a spill-over spa. House was built in 2003, with 3 bedrooms, 2 baths upstairs and a guestroom with a full bath Florida Keys Real Estate and Homes For Sale.