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 concrete home is coveted by fishermen for its 100' of dockage just 4 homes from Snake Creek which allows for immediate access to off shore or back country fishing. Pamper your flats boat with an on site boat ramp with 5000 lb davit and maintain your other boat out of the water with a 15,000 boat lift. There is a gas stove with heat lamps, stunning counter tops and built in appliances. Florida Keys Real Estate and Homes For Sale.
Live the Florida Keys life in style. This stunning oceanfront 5 bed / 4.5 bath home features high end finishes with no expense spared during construction. Enjoy walking out to your boat on the private dock situated directly on the ocean. Watch sunrises from the massive porch which features an infinity edge pool and built in Jacuzzi. House was built w/ gourmet kitchen and impact windows & doors. Florida Keys Real Estate and Homes For Sale.
The Sunset House-Duck Key sits on a double lot with Spectacular Direct Ocean Views, 4 Bed/4 Bath, lots of room for entertaining, enjoy breathtaking Water Views off the large Lanai, 115 ft. of concrete dockage and a 29X29 cut in Boat Basin. Large garage will accommodate 2-3 cars or a boat on trailer. OWNER FINANCING AVAILABLE. Florida Keys Real Estate and Homes For Sale.
Enjoy fabulous sunsets by the Atlantic Ocean in this colossal open water home in prestigious Summerland Cove Isles - This concrete home boasts gorgeous sunsets and soothing views of the turquoise waters of the Atlantic. The home has 4 bedrooms, 3 bathrooms, including a huge second story master suite, and over 3,400 sq. ft. of living area and approximately 1512 sq. ft. of open and screened porches. Florida Keys Real Estate and Homes For Sale.
Gorgeous concrete open water pool home in prestigious South Point. This beautiful home features an open floor plan boasting picturesque open water views through sliding walls of glass from all living areas & Master suite. Resort-style 60' lagoon pool surrounded by majestic palms & lots of decking. Dock w/boat lift, elevator & lush designer landscaping. Excellent rental income too! Florida Keys Real Estate and Homes For Sale.
A spectacular oceanfront Villa on Sugarloaf Key, this 4 bedroom/3.5 bath gem offers entertainment and accommodation for family and friends. Gated estate will appeal to a discriminating buyer seeking comfort and exclusivity located just a few miles outside of downtown Key West. Attention to detail is evident from the Bisazza Italian Glass tiled pool to the imported Cherry wood kitchen cabinetry Florida Keys Real Estate and Homes For Sale.
Private family entertainment resort/corporate retreat. Protected boat slip & dock, easy ocean access to fish, dive & water sports. 45K gal. L-shaped pool & hot tub, cabana bath,12 seater outdoor bar, lit tennis court, gazebo, palm & fruit trees, tropical garden, 6 porches, garage & carports. Guest suite: 2 bdrms, baths, kitchen, living & dining rm. Game rm, office, 450 gal. sw aquarium & more. Florida Keys Real Estate and Homes For Sale.
One of a kind classic Italian Villa located in prestigious Key Colony Beach! Magnificent ocean front estate was built with such incredible attention to every detail that it must be seen to be believed! From the expansive central courtyard to the inlaid granite and marble floors, from over 150 hand cut ceiling beams to the abundant balconies, wonderful surprises in every turn. Two of the 3 Florida Keys Real Estate and Homes For Sale.
Walk to the beach! Luxury and Comfort says it all in this new, fully furnished Sombrero Home. This home has a total of 6 bedrooms and 5 full baths, The separate lower level living area is legal and licensed for rentals. the outdoor kitchen is complete right down to the built in grill and oven. Heated pool & Jacuzzi. Stainless steel appliances, marble floors. See upgrade list in document section. Florida Keys Real Estate and Homes For Sale.
Located on Hurricane Creek on Lower Matecumbe in Islamorada, this 7 bedroom 6 bath w/90ft of yacht dockage for power or sail awaits your arrival. 15K boat lift. Elevator, 2 car garage, enormous kitchen, water front swimming pool, screen enclosed patio and balcony overlooking the creek & Florida Bay, this magnificent home offers views of both! Make an appointment today with listing agent! Florida Keys Real Estate and Homes For Sale.
One of the most beautiful homes in the Florida Keys! Bayfront, gated estate home with protected deep water dockage, heated pool, sunsets, 2 garages, koi pond, exquisite custom design inside and out. 4 bedrooms, 3 and a half baths, elevator, fireplace, 1200 bottle capacity wine cellar, summer kitchen with dumb waiter, cathedral ceilings, fabulous master suite, separate guest wing, veranda... Florida Keys Real Estate and Homes For Sale.
Located in desirable Port Largo in the heart of Key Largo. This is a large home on a large lot, with a largo dock with davits on a deep canal with direct ocean access. This is a spacious CBS home with 4/3 upstairs and 1/1 downstairs surrounded by a chain link fence. Florida Keys Real Estate and Homes For Sale.
Private Bay Front community! Seven Acres. Concrete home with cut in boat slip on deep water canal. 2 car garage. Concrete Roof, Huge kitchen with newer cabinets and granite tops. Davit boat lifts, Huge shade trees. Just north of Tavernier and Hammer Point. Florida Keys Real Estate and Homes For Sale.
TRIPLE MINT CONDITION 3/2 WITH A PRIVATE 1/1 GUEST HOUSE... Enjoy this 1.55 Acre Estate located in the heart of Key Largo, FL. Impact resistant floor-to-ceiling glass windows encase the sunny living room and dining room. This home's spectacular water views will leave you speechless. Florida Keys Real Estate and Homes For Sale.
Great views with this beautiful Italian-Styled home with 3 bedrooms, 2 full baths, one half in Venetian Shores. Great Rental income $8K-$12K a month 30 foot cut in slip. Florida Keys Real Estate and Homes For Sale.
Fabulous OCEANFRONT w/ 200' of frontage, 2 sandy beaches w/ walk in ocean access, pier with dockage, boat lift, and covered seating platform. Truly a magnificent piece of property. This property offers 3 structures including main house and 2 guest houses/ office/ studio. The charm of old style Keys living has been maintained. The ground level main house has a screened veranda that opens to lush Florida Keys Real Estate and Homes For Sale.
Spacious and comfortable oceanfront 5 bedroom/4 bath home with panoramic ocean views and white sand beach. Upstairs level of living offers open kitchen, living and dining with 3 bedrooms/2 full baths and full length open balcony overlooking the ocean. Downstairs living offers two separate queen bedroom suites both with full bath, kitchenette, separate living and dining that opens onto the beach. Florida Keys Real Estate and Homes For Sale.
Attention engineers and those with impeccable taste! If quality is what you desire, look no further. A breath away from completion, this custom 5BD/3.5BA open bay view home is built to last. Metal studs, double poured concrete, imported finishes, and the best views money can buy. Located near the ultra private, quiet end of Buccaneer Point's peninsula and just off of the intracoastal waterway. Florida Keys Real Estate and Homes For Sale.
This property consists of 2 lots directly facing the Atlantic Ocean. 4 bedrooms 2 1/2 baths with cathedral ceilings, screened porch, open BBQ deck, walk around deck, heated custom pool, dock, screened patio downstairs, lush landscaping, circular drive and views that will keep your socks off!! Florida Keys Real Estate and Homes For Sale.
LOCATION! LOCATION! THIS IS IT! Deep water, and endless views of Florida Bay with 100 ft. of water frontage and over 400 ft. from the road to the water. This family residence has been updated recently with granite gourmet's kitchen and a covered porch that expands the width of the back deck for lounging or celebrating days end with another beautiful Islamorada Florida Keys Real Estate and Homes For Sale.
Extraordinary Oceanfront Contemporary Home:The moment you walk in the front door of this modern masterpiece you will mesmerized by the ocean views and Zen ambiance. This Ocean Cay home was thoughtfully designed by the owner architect to combine contemporary designs, vast windows, and structural integrity to create a modern Miami Beach meets Keys home... Florida Keys Real Estate and Homes For Sale.
LOCATION! LOCATION! LOCATION! Old Florida Style Estate home situated on deep waterfront with dockage on Florida Bay. The native tree covered grounds and parcel size are unmatched along the waterfront on Upper Matecumbe Key. As family residence for past 20 years this home was updated and enlarged for extra living space. Boat basin and chickee hut invites you to relax and enjoy the scenes of Florida Keys Real Estate and Homes For Sale.
Casablanca is a premier luxury waterfront family compound, encompassing 2 homes with over 300' of waterfront on the Iconic Marvin D. Adam's Waterway in Key Largo. Lavishly appointed and professionally decorated this custom Victorian architectural masterpiece boasts soaring 30' ceilings offering 7 bedrooms and 6 bathrooms. The main house 5 bedrooms and 3 baths and the guest house offers Florida Keys Real Estate and Homes For Sale.
Custom built home 5 Bed, 4 Bath, 212 Ft of docking, 2 boats lifts, 1 davit, impact windows & doors, Pool w/SPA, Outdoor Kitchen, 3rd floor observation deck, plenty of storage and many other features(See documents tab ) This home is being offered furnished. Florida Keys Real Estate and Homes For Sale.