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.
Great boating and fishing just steps out the door. Beautiful open water views in the fabulous Florida Keys. A 13,000 lb boat lift, pool, close to the mainland, and very nicely landscaped.There is not much more you could ask for and not get with this spotless turn key property. Florida Keys Real Estate and Homes For Sale.
A private luxury estate that captures the heart. Three stately living levels with panoramic bay vistas from every room. Ground floor playroom and guest suites open directly to the infinity pool, spa and deluxe outdoor full kitchen. Host long family weekends on the fishing pier with two large boat lifts and sandy cove beach play area. The elevator and two-car garage make access easy and convenient More... Formal dining, granite counters, breakfast island, wet bar, two dishwashers, Sub-zero double fridge, wine cooler, warming drawer and stainless appliances. Open living area with fireplace, Third floor master suite has rich wood floors and ceilings, wet bar and a large balcony for privacy to enjoy the view. Custom soffit ceilings and woodwork details highlight superior craftsmanship Florida Keys Real Estate and Homes For Sale.
Beautiful custom deep water canal residence offers modern amenities, spacious architectural design with soaring ceilings, top notch finishes, and immediate ocean access. No compromises on this one! Whole house generator, swim/spa pool, Boat elevator, camera/security/central vac systems, Marble floors, designer kitchen, secondary kitchen, brick paver driveway & pool patio decks, are just a few ofthe numerous features this home has to offer. Florida Keys Real Estate and Homes For Sale.
SPECTACULAR ESTATE CUSTOM BUILT OCEANFRONT HOME located in a desirable FL Keys location! Gorgeous beachfront pool with unobstructed views of the Atlantic Ocean! This spacious newly built home offers 5bd/5ba all situated on a huge parcel, gated entry with a large amount of parking for all the friends and family! This estate home provides the perfect setting to enjoy the Florida Keys Lifestyle! Florida Keys Real Estate and Homes For Sale.
Beyond compare, this Polynesian inspired exquisite keys waterway Harum Designed custom home is 99% complete, pool is in, landscaping is underway. This spectacular home is not to be missed if you are looking for a yachtsmans location w/over 110ft of deep water dockage w/unlimited beam on deep water Hurricane Creek. Cathedral ceilings grace this masterpiece and its 3 bedroom and 3.5 baths is complimented by custom LED lighting, drop down TV. Incredible storage, 2 garages, generous and spacious covered gathering areas. The residence boasts an extraordinary creekside covered balconies overlooking Hurricane Creek with views of the Florida Bay making this a Florida Keys Treasure. The finished work detail is to much to list. Contact agent for full details and showing appointment. Florida Keys Real Estate and Homes For Sale.
OCEAN VIEW GATED ESTATE WITH NEW POOL, BEACH & DOCKAGE! This beautiful resort style ocean view home is situated on a point lot with over 1/2 acre of land offering over 4,000 sq ft of living space, 3 bedrooms, 3 bathrooms with 2 ocean front master stes, open floor plan w/soaring ceilings, oceanfront porch, 6 car garage, lush tropical landscaping surrounding a putting green, elevator, deep water dockage with immediate ocean & bay access. Located in the Sports Fishing Capital of the World, Islamorada, Florida Keys. Dont miss this outstanding opportunity! Florida Keys Real Estate and Homes For Sale.
Ideal home for Keys Living in desirable Venetian Shores! Afternoon shade cools the private, tropically landscaped pool area of this 4 bedroom canal home. On the main floor, an updated kitchen with walk-in pantry/laundry is open to large living and dining areas leading to a pair of guest bedrooms and two bathrooms. Huge screened patio overlooks the canal. Ground level holds a welcoming foyer and very large guest suite with that opens to the canal and the pool area. Top floor spacious master suite with peekaboo bay views and vaulted ceilings. The crystal clear canal spills directly out to Snake Creek providing quick easy access to ocean and bay - with no fixed bridge. Davits and a #16,000 lift make this a boaters dream. Storage galore inside and outside the house. Great rental history! Florida Keys Real Estate and Homes For Sale.
This is a one of a kind home, with direct oceanfront setting; Ocean Views from Every room; Balconies off every room of the house; 400 +/- feet of private beach, No South-side neighbor; dockage good for skiff; sit in your pool and look out over the Atlantic Ocean without going outside;New Kitchen installed 2017, Full granite and full granite back-splash, under counter lighting; New Stainless appliances, two television synced system with HDMI for TV, AND/OR DVD player. All new lighting with dimmer controls.SAUNA, New-Finland Model, located in poolside full bathroom.All Windows are hurricane proof and tinted, with additional Shutters for sliders. Excellent poured concrete construction; Large Beautiful Mahogany entrance doors. Minimal damage from Hurricane Irma 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.
Amazing Views From The Front & Rear Balconies. Total Rebuild in 2017/2018. Everything but the concrete shell and the Trusses/Plywood were replaced during this rebuild. Zero Damage From Hurricane IRMA!!!!All Windows & Door are Impact Rated. (3) Trane HVAC Systems w/ Wifi Thermostats. Stainless Steel Appliances. Granite In All Bathrooms & KitchenNew 15K lb Elevator Boat Lift. Florida Keys Real Estate and Homes For Sale.
Welcome home to Casa Cayo in prestigious Port Largo, in the heart of Key Largo. Cool off, relax & unwind in spacious pool & spa home on over sized lot. Kick back and chill in your piece of paradise offered fully furnished 3/3 plus 1/1 on 1st level, updated kitchen & baths with plantation shutters, gorgeous lighting and other amazing finishing touches. Private master suite on 3rd floor with beautiful large bath with tub and shower with jets. Large walk in closet. Bring your boat, concrete dock 35k lb boat lift. Large covered terraces, 2 garages and lots of great storage, room to store RV, cars, trailers and more. Seller financing possible. Easy commute to & from Miami, steps to the KL community park with tennis, basketball & much more, restaurants, entertainment, shops, and . Florida Keys Real Estate and Homes For Sale.
Unparalleled best describes, El Palacio de Port Largo. Florida Keys Real Estate and Homes For Sale.
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.
Location, location, location. Enjoy breathtaking sunrises & take advantage of your amazing endless ocean views & light filled living spaces through floor-to-ceiling windows & sliding impact glass doors. 2nd home from the oceans edge. Spacious kitchen w/enclosed porch & 2 bathrooms remodeled in 2003. New AC in 2012. Beautiful CBS construction offering views from almost every room. Private master suite on 3rd level. 60 ft concrete dock with davits on deep water canal. Garage, carport, storage, and 1/1 on 1st floor. Paved circular driveway on quiet cul-de-sac location. Great access to favorite fishing & diving spots. Relax on veranda and enjoy boats go by. Convenient location near restaurants, Pilot House, KL Fisheries, shopping, and easy commute from Miami. SELLER FINANCING AVAILABLE Florida Keys Real Estate and Homes For Sale.
BOATERS DREAM in PREMIER VENETIAN SHORES! Spacious and well-maintained SOLID CONCRETE home offering 3bd/3ba, legal downstairs living quarters. Relax POOLSIDE in a custom concrete pool with spa! 70 of concrete DEEP-WATER DOCKAGE and 100 wide canal! Immediate ocean and bay access through Snake Creek! Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Watch both the sunrise and sunsets from your living room in this Bayfront CBS home with extraordinary open water views. Privacy abounds on this over-sized parcel on the point overlooking Blackwater Sound. Close proximity to the Apex of the Bay and the Adams Waterway. 3 bedrooms 2 baths up, expansive covered & screened lanais include 360 degree views. This home boasts an open concept living area with vaulted tongue and groove ceilings, a Chefs kitchen with state of the art appliances including Thermador gas cook-top w/electric simmer element, GE monogram French door refrigerator, Microwave & convection Oven. Custom slab granite bar height table seats 10 plus! 1,000 Sq. Ft. of enclosed storage down is a perfect place for a work shop , artists studio, motorcycles and more. Florida Keys Real Estate and Homes For Sale.
GORGEOUS UPDATED 3/2 WATERFRONT HOME IN PLANTATION KEY COLONY. THIS HOME UNDERWENT A FULL RENO IN 2018. THE HOME HAS BEAUTIFUL CATHEDRAL CEILINGS, BRAND NEW METAL ROOF, FULL CBS CONSTRUCTION, IMPACT WINDOWS & DOORS, BEAUTIFUL HIGH END KITCHEN W/ JENN AIR APPLIANCES & MARBLE AND QUARTZ FINISHES. THE RENO TOOK THE HOME DOWN TO THE SLAB AND BLOCK. EVERYTHING INCLUDING THE PLUMBING AND ELECTRIC IS BRAND NEW. BEHIND THE HOME IS A 50 MARBLE DOCK W/ POWER & WATER AND THERE IS A BEAUTIFUL FRONT PORCH AND PATIO AREA. THE HOME IS LOCATED IN A GREAT BAY FRONT COMMUNITY WITH OWNERS PARK AND BOAT RAMP FOR JUST $150 PER YEAR MAINT. THE CANAL IS JUST SOUTH OF TAVERNIER CREEK W/ GREAT BAY & OCEAN ACCESS. NEAR LOTS OF GREAT RESTAURANTS. LOT IS 125 X 50 WITH PLENTY OF PARKING FOR VEHICLES AND TRAILERS Florida Keys Real Estate and Homes For Sale.
Fabulous split level waterfront home with pool and dock. New construction, fully updated, turn key home. On a very private dead-end road, La Paloma Road. Partial owner financing available. No damage after Irma. Florida Keys Real Estate and Homes For Sale.
This custom built concrete home in Old Tavernier was creatively designed to showcase the breathtaking panoramic ocean view. The open concept floor plan on the main floor is great for entertaining; you can choose to dine alfresco on the large veranda or in the ocean view dining room. The main floor also boasts a chefs kitchen, 2 bedrooms and 1 bath. On the third floor you will find a private oasis; the expansive master suite is equipped with an oceanfront whirlpool tub perfect for a relaxing evening. Step into the backyard where you will find a large sandy beach to launch your kayak and paddleboard as well as a new 1,020 sq ft composite dock and 12,000 lb boatlift; everything you need to enjoy the Florida Keys lifestyle! Florida Keys Real Estate and Homes For Sale.
Very rare, highway to bay property is now awaiting its new owner. With a priceless boat basin, this parcel is almost 3/4 of an acre. The basin allows for deeper dockage and prevents having to build a long dock like similar properties near by. The concrete home with concrete roof offers outstanding bay views, 3 bedrooms and 2 baths. The rear deck offers a great spot to unwind and entertain. The boat ramp offers a versatile place to launch kayaks, paddle boards and even a small boat. To the rear of the property surrounding the basin is the dock with 2 lifts (one for a boat, the other for personal water-crafts) and a beach area. This truly is an amazing open water property that can either be enjoyed with some updating as-is or offers a prime re-development location. Florida Keys Real Estate and Homes For Sale.
OSPREY Residence: Stunning new oceanfront home - This custom home has it all - 4 bedrooms and 4 baths with an elevator. The views are incredible from inside the home or from one of your oceanfront terraces with porcelain wood plank flooring. Custom construction and finishes throughout - Florida Keys Real Estate and Homes For Sale.
The Luxury of Island Drive awaits you! Spectacular open water views are yours from this CBS home on an over-sized property with 1 1/2 lots located directly on Largo Sound in Key Largo. This tastefully updated home boasts impact windows, gated front entry, an open concept living area upstairs w/ two bedrooms & two full baths up and a legal and grandfathered in full apartment downstairs, including a large bedroom ,living area with views, entertaining area w/ granite bar, kitchen and another full bathroom, plus a garage. Solid concrete construction including the roof. Other features include light & bright tiled floors, white custom wood cabinets, plantation shutters, Corian kitchen counters up & granite down, indirect lighting, crown molding, Kitchen Aid and Samsung Appliances. 1 Hr. to MIA. Florida Keys Real Estate and Homes For Sale.