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 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 and permits for addition. 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.
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.
3BD/3BA located on Summerland Beach on an acre of natural vegetation with gorgeous sunrise views. Home features two master bedrooms with en-suite bathrooms, one on the upper level and the second one on the main level, guest bedroom and bath on main floor, spacious screened porch, barrel tile roof, tiki hut, wood dock, boat lift, boat and covered parking. Great investment property or family home. 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.
Beautiful Tropical Paradise Bay Side MM28 Waterfront Concrete Block Mini Resort 3/3 Home on 5.7 Acres of Land. 30 Minuets from Key West. With Easy Water Access to both the Gulf and the Atlantic. Trex Dock with 4 Foot Control Depth at Low Tide. Two Boat Lifts, Sun Deck, Two Dock Boxes and a Fish Cleaning Station with Fresh water. Lush Tropical Landscaping with Beautiful Grass Yard. Florida Keys Real Estate and Homes For Sale.
This is a property many dream of but few can afford. Upon entering you will find an imposing foyer w. a soaring 2 story ceiling. The staircase leads up to an open concept living area w. Cathedral ceiling, a coral rock fire place & a balcony w. gorgeous views of the Creek. A large granite topped breakfast bar separates the kitchen. There is also a wet bar & a convenient powder room on this level. Florida Keys Real Estate and Homes For Sale.
Enjoy Florida Keys Living in this lovely and large waterfront home with legal guest quarters downstairs. This spacious home has 70 feet on the water, concrete dockage with almost immediate ocean and bay access through Snake Creek. Complete with Granite Countertops and Stainless Steel Appliances, this home is ready for your most discriminating buyer. Florida Keys Real Estate and Homes For Sale.
Summerland Key, glorious sunset views, unique architectural design, elegant and warm, tastefully decorated with the colors of the ocean,multiple living areas, chef's kitchen indoor and out, wine closet, 6 bedrooms/6 baths, guest house, infinity pool, hot tub and swim up bar, 100 ft of protected dockage with 2 boat lifts, private boat ramp, sandy beach, man cave, tackle room a and gym. More, more Florida Keys Real Estate and Homes For Sale.
Pelican & Egret at Alligator Luxury Estate, private, gated estate. CBS homes consist of one 3/2 and one 2/2 home. Fabulous sunrises and ocean breezes off the observation deck. Heated pool, summer kitchen. Great vacation rental history. Florida Keys Real Estate and Homes For Sale.
Beautiful gated ocean front estate offering swimming pool, dockage, and sandy beach with magnificent sunrises over the Atlantic! This home features 2 bedroom, 2 baths up with 1 bedroom and 1 non-conforming bathroom downstairs. Stunning panoramic ocean views from all living areas. The heated pool and spacious porch is great for entertaining. A must see! Florida Keys Real Estate and Homes For Sale.
Seller is Motivated to Sell this elegant Oceanfront Estate located within a private gated surrounding overlooking the Atlantic Ocean. Built in 2004, this custom residence offers expansive rooms with majestic views. Towering ceilings encompass grand living and chef's kitchen which leads out to private screened patio. Four bedrooms and three bathrooms including private master suite situated Florida Keys Real Estate and Homes For Sale.
Tropical Waterfront pool home OPEN WATER sits right in the middle of two DUPLEX lots! Two DUPLEXES COULD GO HERE! This is a tremendous value and a view to absolutely be astounded by. The entire open Bay and waterway (Shelter Bay Key Colony Beach is seen from this stilt home.Call for an appointment today to see the beautiful existing home and contemplate the development potential if so desired 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.
Waterfront Home on Double Lot! Open oceanfront lot with active building permit PLUS adjoining lot with 4 bed/3.5 bath pool home with ocean views and 45 ft. dock in Marathon. Seller/builder will build second pool home on vacant lot if desired. The 2011 Key West-style home is a successful vacation rental with 2,240 s.f., bamboo floors, French doors, high ceilings & more. Call for details! Florida Keys Real Estate and Homes For Sale.
SOLID CONCRETE WATERFRONT POOL HOME on a deep water canal! Offering 3 bedrooms and 2 baths on the main level, cathedral ceilings, open floor plan, great entertaining kitchen, plus legal lower level 1/1 guest quarters, plenty of room for your boat, 70'of concrete dock with boat lift, beautiful pool, lots of storage & garage. Homeowners Park offers one of the finest beaches in Islamorada! Florida Keys Real Estate and Homes For Sale.
BAYFRONT GEM-- Pool home in Buccaneer Point Estates. Private dock with ramp & dock. Bay views with access to Ocean. Metal roof, bamboo flooring, granite counters, stainless steel appliances & marble in baths.Pool has a spill over spa at the water's edge. Florida Keys Real Estate and Homes For Sale.
Attention Big Boaters! Perfect location with deep water access, just off Sister's Creek. Quality throughout with Granite Counters, Travertine floors, volume ceilings, perfect protected dockage and beach entry pool. Located one block from the beautiful Sombrero Beach Park. Hurricane impact windows, Spotless condition. Close to airport, waterfront dining and shopping. Florida Keys Real Estate and Homes For Sale.
The Castle in Summerland Isles, is considered by most to be the most beautiful and elegant canal home in the neighborhood. Custom built with 4 bedrooms, 3 baths, this home is designed for entertaining. Enjoy the large roof top sundeck with gorgeous Ocean and Gulf views. Florida Keys Real Estate and Homes For Sale.
OCEAN FRONT GEM Over 9 Acres direct on the ocean. 500 Ft entrance beautiful exotic foliage lines the long winding road leading up to the house. Incredible panoramic views of Summerland's blue green ocean from almost every room. There is also a cozy Coral fireplace for those rare cool days. Design woodwork accents. House is in need of TLC. Good deep water off of dock great for swimming and fishing Florida Keys Real Estate and Homes For Sale.
Stunning Oceanfront Pool Home with Dockage! This huge parcel has water on two sides to provide unobstructed ocean views on one side plus a canal side for easy & protected deep water docking for multiple vessels. The exceptional outdoor entertaining area includes a breathtaking custom heated pool with waterfalls, tiki hut w built-in bar, & a beach area. Florida Keys Real Estate and Homes For Sale.
SPECTACULAR TRUE OPEN WATER VIEWS OF SUNSET FROM 3 LEVELS. Watch the sunset. Fully enjoy the Florida Lifestyle with this turnkey island style home located in the prestigious Stirrup Key gated community. Amenities include high ceilings, granite counter tops, stainless steel appliances and wood cabinets, deeded dock and boat lift in protected marina. Very well maintained. See Supplement for details Florida Keys Real Estate and Homes For Sale.
This brand new contemporary modern and luxurious canal front home built of concrete block structure, concrete roof, impact resistant windows, and garage is located in Key Largo, the first and northernmost of the Florida Keys, is an hour's drive from South Florida's two major airports, and a world away. This 3 bedroom 2 1/2 bathroom home features a bold contemporary architecture with large Florida Keys Real Estate and Homes For Sale.
Private Island Oasis. Spectacular private island retreat in the Florida Keys. Located 1 mile from shore and only 25 miles from Key West. Price includes off shore island Melody Key and canal front lot on Summerland Key with dock in place for island access. This property has been totally renovated and upgraded and is completely self-sufficient with state of the astral power and de-salination plant Florida Keys Real Estate and Homes For Sale.
Located oceanfront in downtown Islamorada, the historical Gilmore Estate is locally known as the Bay Bourne Houseboat. Situated on 5+ acres, with 300 feet of beach, the Houseboat is an actual 60 foot 1948 Chris Craft with 1 stateroom, 2 baths, a galley kitchen, salon, on the first deck. Top deck consists of a 4-bunk stateroom and private upper deck with wide open ocean views! Florida Keys Real Estate and Homes For Sale.