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 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 gourmet kitchen with 2 islands, offering Patagonia granite countertops, seats 8, and top-of-the line appliances. 3 private guests bedrooms each features spacious balconies and outdoor showers.The enduring master suite offers walls of closets,ocean media sitting area, a gorgeous master bath & private shower. The third floor home office features a wet bar &outdoor porch with open water views.The inviting outdoor covered living area is perfect for entertaining and includes well over 2500 sq ft with custom custom counter tops.The relaxing large sundeck surrounds the sparkling heated Florida Keys Real Estate and Homes For Sale.
Absolutely no damage from Irma!! Exceptional Venetian Shores home w/100ft. dock and views of Snake Creek! Move right in to this 5 bedroom beauty with an ELEVATOR! Featuring a private master suite on the 3rd level, gourmet kitchen w/open living and dining areas and soaring Cypress ceilings. Full guest quarters downstairs w/huge garage & separate tackle room. 15,000lb. Boat lift and 5,000 lb.davits & 2 fishcleaning stations on the dock. Beautifully landscaped with fruit trees, exotic palms and orchids. This home has plenty of storage, Plantation Shutters throughout and a screened porch which encompasses the second and third levels. 3 separate air conditioners for climate controlled comfort as well as a central vacuum system. Florida Keys Real Estate and Homes For Sale.
If size, location and open water views are what you seek, look no further than this jewel on Saint Thomas, in the prestigious Port Largo Community. This 6 bedroom and 4 bath home leaves little to be desired. The large living area and kitchen located on the 3rd floor provide the best vantage points for endless water views.The 75 ft of deep water dockage offers quick and easy ocean access with a 6 ft control depth at the entrance of this waterfront neighborhood for vessels with deeper drafts. The heated pool and outdoor kitchen impart ample room to entertain and unwind. The 1st floor allocates plenty of room for storage and has a permitted full bath easily accessed from the pool. The 2nd floor boasts 4 bedrooms and 2 baths. Along with the living area, kitchen and laundry, the 3rd floor has 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.
Overlooking the Atlantic Ocean is this peaceful 2.32 acre gated beachfront estate. Remodeling renovations have started and are waiting for the perfect finishing touches. This home features two bedrooms and office on main level with an entire 3rd level master suite. Oceanfront pool, boat basin, tennis court and a multi-car garage completes this exclusive private property. Florida Keys Real Estate and Homes For Sale.
This parcel to be sold together only with contiguous parcel@ 95325 Overseas Hwy, AK#1592986,RE#00483360 000000 13 62 38 PT TR 5&6 SOUTHCLIFF ESTS PB2-45 & PT GOV LOT 1 & ADJ BAY,3.24 acres for grand total of 9.36 acres. Includes 1137 sf 1970 2/1 cbs home metal roof. Broker part owner/family owned. This unique wooded acreage has a deep basin with dolphin piling and channel directly on the ocean. Residential use (non-conforming) now, but commercial zoning.Best approval rating via Monroe County is MIXED-USE COMMERCIAL development. *Includes data for both parcels and for taxes. This is a duplicate listing also found in MLS as Commercial #579482, as both uses permitted. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Located just steps away from the bay, this 3 bedroom/2 bath Port Antigua home has been lovingly remodeled. Wood custom cabinetry, stainless steel appliances, Travertine fireplace, aluminum custom railings and a Florida Room with sliding Nano Doors that open to bay views and deep water dockage. Downstairs tackle room with bonus room and plenty of storage. Hot tub, boat lift, covered parking. The privacy created by the tropical landscaping makes this home uniquely special. Bayfront homeowners park with rare sandy beach boat ramp and temporary docks. Florida Keys Real Estate and Homes For Sale.
Port Largo! 2017 CBS 3b/2.5b Pool home on a Oversized Corner Lot! Turning Basin location. Easy ground level living with an open floor plan. Chefs kitchen w SS appliances, gas range and granite counters. Cathedral beamed ceilings. Main bedroom suite with view down the canal. 1200sf Finished attic under Air, to use as a bonus room or storage. Wrap around Key West style Veranda with views down the canal. Garage has an adjacent additional 800sf air conditioned finished rooms with a full Bathroom. Can be used for guest quarters. Concrete Dock. Walled & Gated with a Courtyard entry. lots of parking on both sides of the property. Down the street from HO Park and across the street from the Key Largo Park. What a great location! Must have 24 hours notice to show, call for an appointment. Florida Keys Real Estate and Homes For Sale.
Move in Tomorrow in this Turn Key Home in Desirable Venetian Shores. Great location - 3rd lot in from Snake Creek. This area is known for deep water dockage, multi-million dollar homes and easy access to Atlantic Ocean (via drawbridge) and Florida Bay. 5BDS/ 5.5BTHS + office (6th bedroom), with 4,000+ sf of living space, 10,000sf lot and 100 of dockage. Master suite addition (2014), separate living space downstairs for guest (above flood and permitted) completed in 2008. Each floor has their own laundry. Meticulously maintained home is well appointed. ALL ABOVE FLOOD & completed with permits. ACed garage, heated / chilled SALTwater pool (2013) w/ hot tub & cascading waterfall, outdoor kitchen w/ custom starboard cabinets, dishwasher, ice maker... 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. Florida Keys Real Estate and Homes For Sale.
Extraordinary custom built waterfront home on South Exuma in Ocean Isle Estates is perfectly situated to take advantage of prevailing ocean breezes and beautiful water views year round. As you enter this stunning home, youll find a garage and private first floor guest suite featuring a spacious screened in porch and a pass through to the pool side area and spa. The interior marble staircase takes you to the great room on the main living level. Exquisite attention to detail can be found throughout this home that boasts tray ceilings, crown molding throughout and travertine marble. The kitchen features custom hardwood cabinets and lighting, a wine chiller, granite counters and stainless steel appliances. Florida Keys Real Estate and Homes For Sale.
OWNER WANTS TO HELP YOU FINANCE! This gorgeous three story home is located on a canal with quick access to the ocean with partial ocean views! The beautiful heated dolphin pool w/hot tub sits just outside the cabana room with a built in grill/kitchen area and huge block paver deck. The dock has a boat lift, davit, water, and electric for all your water toys. Its a must see, 5 bedroom, 5.5 bath home with an elevator designed for lavishness entertaining or just relaxing. The gourmet kitchen has three long granite countertop islands making it a Chefs dream with all SS appliances. On the main floor aside from the kitchen is an open dining room and separated open living room. However, while on the main floor, youll see another side to this home that could be closed off. Youll find Florida Keys Real Estate and Homes For Sale.
Calling all families and friends looking for two separate complete living spaces Up and Down! 4 bedrooms and 2 baths, nearly 2,000 square feet of living space. Turn Key, completely updated and renovated waterfront home, including all new electrical and plumbing! Ocean side with direct ocean access. Located In Plantation Key (Islamorada) next to Tavernier Creek, this concrete home including the roof, boasts all impact glass windows , neutral porcelain tiles, custom wood cabinetry, open concept living with bar, Spa style bathrooms, granite counter tops, stainless appliances, extensive brick pavers, a fully fenced yard with custom aluminum work, professional landscaping, electric retractable sunshade, new outdoor kitchen with chiseled travertine , tiki hut at waters edge, 1 Hr to MIA. Florida Keys Real Estate and Homes For Sale.
Need a place to Dock your Yacht! Solid Concrete Home with 100 ft. of Dock! This beautiful home offers a nice open floor plan with 2 bedrooms & 2 bathrooms on the main level, and a 1 bedroom, 1 bathroom apartment downstairs featuring a large covered patio, enormous concrete pool, 100 ft. of dock, elevator, storage, and plenty of parking. Located on a very desirable street in Venetian Shores with direct ocean &- bay access! Florida Keys Real Estate and Homes For Sale.
OWNER FINANCING AVAILABLE!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 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.
Key Largo Millionaires Row! Spacious 4B/4B Pool Home w Garage. Easy living in this ground level home with no stairs to climb. X Zone location built high on solid coral rock, no flood insurance required. Open floor plan. Remodeled Kitchen with white cabinetry SS appliances and Granite counters. Privacy wall w Gate surrounds almost 1/2 acre of property. 100ft Concrete Dock w cut in Boat Slip & Boat Lift. Sit back & relax and let the fun living on Adams Cut entertain you. Fishing, Shrimp and Crabbing at your dock! 1 minute to the Bay and 15 minutes to the Ocean. Great location, call for an appointment. Florida Keys Real Estate and Homes For Sale.
Situated in one of the most notable and desirable residential enclaves in the Florida Keys, Americas Caribbean. Ocean Cay Estates is a private, gated community located on its own peninsula in famed Key Largo, the first of the Keys closest to the mainland. This luxury home custom designed by the owners with superior features and substantial construction nestled among swaying palm trees and other tropical foliage. Once you enter the home you are immediately greeted with the ocean vistas, high ceilings and open chefs designed kitchen. A wine connoisseur will love the temperature controlled wine room to house their collection. When not spending the day on the water enjoy entertaining by showing movies in your media room. This home has it all and more. Erected by a noted local builder to the Florida Keys Real Estate and Homes For Sale.
Bayfront Resort with panoramic open water views! Spectacular Bayfront Home, featuring 120 feet of waterfrontage situated on 1 1/2 lots. Beautiful in ground free form pool and spa overlooking the water, enjoy Cocktails at your gazebo or simply relax under the Chickee hut, there is space for everybody with plenty of room to roam, you can even enjoy a roof top deck that is simply priceless with amazing views! This is the perfect home for entertaining family all your guests!Launch your paddleboards and kayaks in your back yard, along with your skiff on your floating dock, you also have two slips in the Marina, one with lift, within 1000 feet from the house for your offshore boats, featuring immediate Ocean and Bay access! Plenty of room for all of your water toys! This home offers an Florida Keys Real Estate and Homes For Sale.
This stunning property is an entertainers dream that speaks of grace and uniqueness from the moment you step foot on the property. Beyond the brick paver driveway and tennis court, are two homes which are separated by a garden walkway. EACH home features 10 bedrooms and 11.5 baths! Both core living areas include grand staircases rising to the upper level master suites. Soaring ceilings with Florida Keys Real Estate and Homes For Sale.
Stunning waterfront home barely used and offered furnished ready for immediate enjoyment! Three story concrete home, metal roof, impact windows/doors, double carport, interior staircase, four ensuites, expansive porches, open living, granite counters, travertine floors, custom kitchen, laundry room, so much more. Everything in impeccable condition in this bright and open residence. 65 feet of waterfront with 40ft concrete dock, ready for boat lift. Deep water access, excellent for large boats. Enjoy the ammenities of the Port Antigua sugar sand beach and boat ramp. 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.
Gorgeous 6 Bedroom 6 Bathrooms, 3 story bay front home located in exclusive Hammer point in Tavernier, Fl, Hammer Pt has close access to ocean. Short distance to Miami front this paradise. No expense has been spared on this top of he line home. Elevator, heated bayside saltwater pool, 2 kitchens and outdoor kitchen as well. State of the art light and sound system, alarm system w/ exterior cameras, full home control system. Large covered terrace, rooftop terrace with unobstructed sunset views. 58 dock space, and boat lift. Home is being offered fully furnished, along with fully upgraded 2015 Tahoe Pontoon boat. Florida Keys Real Estate and Homes For Sale.
Unique and impressive estate spanning over 13,260 sf of oceanfront land. Recently renovated with the finest materials features 2 bedrooms, 2.5 bathrooms, gourmet chefs kitchen, marble floors and impact windows throughout on a very creative floor plan design; right at the end of the street in a secluded very private location with gated entrance. 108 of water frontage providing for magnificent ocean views along with a 75 of dock with davit pads. This community is near exquisite waterfront dining, shopping, grocery stores, banks and more. A breathtaking oceanfront property!..... Video coming soon. Florida Keys Real Estate and Homes For Sale.