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.
Property and home photos were taken prior to hurricane Irma.EGRET Residence: Brand new construction! This oceanfront home is stunning! The Tarpon Point community is gated and lushly landscaped with amenities such as oceanfront pool, beach, dockage and full service all home generators. This spacious 4 bedroom 4 bath home also comes with an elevator giving access to all floors of the home. The kitchen is equipped with high end Florida Keys Real Estate and Homes For Sale.
VENETIAN SHORES BEAUTY! Spacious 4bd/3ba all concrete POOL home with 100 CONCRETE DOCK with lift and davits. Separate guest quarters downstairs, gourmet kitchen with many extras, fireplace, impact windows and oak wood flooring. Large porch upstairs and large entertaining area down to enjoy around the marble deck pool area. Immediate ocean and bay access. Florida Keys Real Estate and Homes For Sale.
View the Sunrises and Sunsets from this grand 4 bedroom 4.5 bath estate home with sweeping ocean views. Also includes 2 bedroom, 3 baths separate guest home both with elevators. Nestled in the 5.85 acre private compound, this rarely found luxurious FL Keys Mansion is being offered. Also included are boat slips in the private marina. Florida Keys Real Estate and Homes For Sale.
Stunning residence designed with tropical elegance while providing expansive views from almost every room. Located one lot off the open bay, offering excellent dockage with boat lift, fenced & gated manicured property, and meticulous grounds to enjoy & entertain. This 4 bedroom, 3 bath home is being offered fully furnished. Step inside and embrace the grand open rooms, high ceilings, expansive porches, and exquisite finishes. Details include tile floors, chefs kitchen, new appliances, laundry room, 2 central AC systems, impact windows & doors, granite counters, large private master suite, whole house generator, security system, interior staircase, and so much more. Hurry while this lasts. Once you come inside, you wont want to leave! Florida Keys Real Estate and Homes For Sale.
Oceanfront 4 bedroom completed residence on Lot #8 with private pool and adjacent vacant Lot #7 including a residential building right. Open water Atlantic Ocean Views. Entire property is gated and common areas include tennis and dock. Prime location in the heart of Islamorada. Walk or bike to restaurants, art galleries, shopping. World-class fishing, diving, kayaking, paddle boarding. Property and home photos were taken prior to hurricane Irma. Florida Keys Real Estate and Homes For Sale.
AWESOME OPPORTUNITY! This one owner 9,000 sq.ft. waterfront corner property with custom 3 bed/2 1/2 bath concrete home with French blue tile roof, pool & 84dock with protected dockage has never before been offered for sale. Freshly painted and new impact glass windows and doors installed. Being sold AS IS to afford the fortunate buyers the opportunity to personalize and create THEIR own dream home Fabulous sunsets and incredible Bay vistas abound from all floors, especially the top floor Master Suite & Veranda and main living area & screened patio. A definite must see treasure. Would make any Buyers Christmas Merry and New Year Happy. Florida Keys Real Estate and Homes For Sale.
Magnificent waterfront Mediterranean style pool home. 70 Ft. of brick paved dock with instant & direct ocean access, no bridges. Boat davits & boat elevator. 5 bedrooms, 4 baths, legal above flood downstairs living w/ bedroom, bath, kitchen,& owners lock-out. Elegant and high end finishes throughout, travertine floors, large custom kitchen w/ island. KitchenAid SS Appliances.1 Hr to MIA. Florida Keys Real Estate and Homes For Sale.
Prime location in the heart of Islamorada. Oceanfront 4 bedroom, 3 bath completed residence with 7 additional building rights on this 2.65 acre property. Pool, spa, dock and tennis court. Create your own subdivision or family compound. Privacy and open water Atlantic Ocean views. Walk or bike to restaurants, art galleries, shopping. World-class sport fishing, diving, kayaking, paddle boarding. Property and home photos were taken prior to hurricane Irma. Florida Keys Real Estate and Homes For Sale.
Lake Lindback.. Resort style living in this one of a kind property located on two oversized lots bordering private airstrip & steps from private marina (2 boat slips offered with this property). Immerse yourself in this tropical paradise with the custom pool and waterfall, beach entry, Jacuzzi, huge chiki & extensive entertaining area. This remodeled concrete home offers a concrete roof, cathedral ceilings throughout entire home, expansive open living, remarkable kitchen, 4 large bedrooms on one floor including master suite with huge walkin closet, florida rm, laundry & outdoor porch. Other features include a roof top deck, 900 sq ft of downstairs storage/garage, open hangar for plane with tie downs, fully fenced property, all impact windows & doors, granite & quartz counters, & much m Florida Keys Real Estate and Homes For Sale.
SPECTACULAR PANORAMIC bayviews and breathtaking sunsets offered in this spacious 4bd/4ba tri-level home! Open floor plan with beautiful gourmet kitchen, large living room and dining area, master on 3rd floor to take in the unobstructed views. Enjoy the large balconies offered on each level. Huge backyard, plenty of room for a pool! This is what island living is all about! Florida Keys Real Estate and Homes For Sale.
Architecturally inspired by Italian Old World charm, this modern Mediterranean oceanfront estate is situated on a peninsula on the Atlantic Ocean in exclusive Ocean Cay, Key Largo. This luxurious estate home on over 1/2 acre of ocean front land features ultimate privacy with superior CBS construction, a four car garage, electric shutters, electric gates, elevator, 5 central AC units and over 5500 square feet of living space on 3 living levels. Majestic palms and the grand mahogany doors invite you into this four bedroom, five bath estate home filled with an abundance of natural light. Florida Keys Real Estate and Homes For Sale.
120 of frontage on Tavernier Creek! This incredible home has over 3100 sq ft of living space on 2 floors. Legal downstairs w/ family room, 1 Bed/1 Bath. Upstairs features open kitchen, dining & living area; Master suite plus 2 more bedrooms & bath. Large, screened porch across the width of the 2nd level with water and mangrove views. 1 1/2 lots, fenced with pool, tiki bar & fire pit! A Must See! Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Waterfront 4BD/3BA concrete pool home in one of Islamoradas best neighborhoods! Perfect for boating with 60 concrete dock & davits and water/electric at dock. Only a few homes from the open bay. Gorgeous heated pool, large porch, landscaped yard & top deck with open water views. Upstairs 3/2 with separate 1/1 down. Upscale finishes and charming touches! Neighborhood park w/ boat ramp. Florida Keys Real Estate and Homes For Sale.
NOW IS AN OPPORTUNE TIME TO MAKE OFFER! Perfect time to get in & customize to your taste. Due to Storm damage, wood floors have been removed and will be replaced with porcelain tile. Dock planks need replacing, pool needs resurfacing. Now is a great time to get a great deal before repairs are made. Oceanfront Pool Home with breath-taking views. Great location and spacious open floor plan with 2 large decks to enjoy the view. Two master suites with endless ocean views. Corner property with 2 car garage, large recreational area on ground level with bath. Dock and boat lift with easy access for boating and fishing. Kayak, paddle board or sit back, relax and enjoy the breeze. Great Tavernier Location just minutes to the Reefs & Tavernier Creek. Make offer! Florida Keys Real Estate and Homes For Sale.
Fantastic oceanfront property zoned Suburban Commercial perfect for everything from a wedding venue, with its allowance for vacation rentals, to a full time residence. This property has it all: a sandy beach, dockage, privacy, views for days, and upside. The first floor sustained minor hurricane damage and has been gutted, creating a blank slate for the new owner to put on their styling touch. The second floor was unfazed and offers 4 bedrooms and 2 bathrooms with the living area overlooking the ocean. Plenty of parking and room for a pool. Florida Keys Real Estate and Homes For Sale.
CARIBBEAN BREEZE~Easy Island living in prestigious Port Largo area. Cool off, relax and unwind in your new spacious pool side corner over sized lot. Kick back and chill in your piece of paradise fully furnished 3/3 updated kitchen and 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. Move-In condition, complete with concrete dock, breezeway, large covered terraces, 2 garages and lots of great storage. Seller financing possible. Easy commute to & from Miami, steps to local bars, restaurants, entertainment, shops, and more. Florida Keys Real Estate and Homes For Sale.
One of a kind bay front estate with 2 homes, deep water dockage, private boat basin and a 40x20 Infinity pool with Jacuzzi on an amazing, gated 2.75 acre lot stretching from Overseas Hwy to the Bay. Now is your chance to own the most spectacular new home in the Florida Keys with time to select the finishes. The main three story 5500 SF House is under construction & will feature 5 bedrooms and 6.5 bathrooms with a 2 story great room, state of the art kitchen, elevator, media room and sprawling balconies overlooking the bay. The property will also feature and outdoor kitchen and entertaining area. The 2 bedroom / 2 bath 1029 SF Guest House is completed and ready to be lived in. Florida Keys Real Estate and Homes For Sale.
Tropical tranquility awaits at Key Largo with this water front paradise. The most difficult decision you have to make all day is whether to go sport fishing, diving at the coral reefs or simply laying out in the sun. This property features 3 bedroom 3 bath with 1,869 sqft of living. Escape to your private waterfront retreat. A relaxing world awaits you! Offered at $1,450,000. Florida Keys Real Estate and Homes For Sale.
Stunning home in Port Antigua! All this and a private Homeowners Park beach and boatramp! Beautifully updated interior with marble floors and a fabulous outdoor entertaining area poolside. The elevator allows easy access to each floor and there are also 2 sets of exterior stairs. The main living area and kitchen have 3 sets of French doors opening to a spacious open porch. The 3rd floor master suite and 2nd bedroom also open to a 3rd floor deck and lead to the rooftop deck for awesome bay and sunset views. The poolside entertaining area features a built in bar with stainless grill, pizza oven, sink and refrigerator as well as a large covered area for relaxing under the ceiling fan. Dockside there is a 20,000 lb. boatlift, davits and double jet ski lift as well as a fish cleaning station. Florida Keys Real Estate and Homes For Sale.
Warm and welcoming residence located on tropically landscaped lot offering excellent dockage & beautiful sunset views. Enter grand open screened entrance leading up to this impeccably kept home. Double entry doors open into spacious open living/kitchen/dining all leading out to a relaxing screened porch and overlooking this waterfront paradise. The many windows in this home brings wonderful natural light into each room. Separate laundry room plus 2 guest suites & guest bath on main living level. Third floor master suite offers sweeping views of our majestic sunsets. Ground level storage room with legal convenience bath. Exceptional property with paver drive, oversized paver dock with davits, swaying palm trees, & beautifully landscaped. Being sold furnished! Shows beautifully! Florida Keys Real Estate and Homes For Sale.
Property and home photos were taken prior to hurricane Irma.BEACH RESIDENCE: 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. 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.
Unaffected by the Hurricane! Unique and secluded Bay Front home without the drawback of stairs. Completely above flood, ground level home! Magnificent sunset views from your own private sandy beach and pool. Deep water docking pier for boats or land your sea plane right on your beach. Rare combination of island living in this gated, fully landscaped oasis complete with separate 1/1 guest house and 3 garage bays. Beautifully designed to keep its Key West/ Mediterranean charm, the main house features 3 bedrooms, an office, 3 bathrooms and 2 powder rooms; soaring ceilings, stone flooring as well as all the modern conveniences of an open floor plan, gourmet kitchen, sauna, boat lift and much more. Truly a rare find! Florida Keys Real Estate and Homes For Sale.