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.
Dockage, Pool, Sunsets & Views! This Home has it all. Large home with over 3000sq ft with 2 Master Suites with baths and 2 guest bedrooms plus 2 guest baths. Open living area and dining with kitchen and family area. Wood floors throughout and tile in baths, granite counter tops, stainless steel appliances and crown molding are just a few of the finishes in this home. Large laundry room. Florida Keys Real Estate and Homes For Sale.
Breathtaking Atlantic ocean from every room. 4 bedrooms 3 bath including one with a steam shower. Custom finishes throughout such as Viking appliances, hardwood floors, crown molding, custom cabinets and closets, built in bookshelves, high ceilings, and access to widows walk. Over 1450 sq. ft. plus outside covered porchesconstructed of Azek maintenance free decking. Includes a premier boat slip Florida Keys Real Estate and Homes For Sale.
Brand new 6 bed 5 bath, vaulted ceilings, 3 stop elevator, granite and stainless, tremendous open living spaces, roof top observation deck, huge balconies & outdoor living areas, covered parking, exceptional pool/spa, 100ft of deep water dockage w/lift, custom cabinets, travertine floors, rooftop observation, dual laudrys, prime water access location in Safety Harbor. Bring Offers! Call today! 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.
The entrance of this magnificent estate greets you with a canopy of mature, tropical foliage, a marble paver driveway and gates for privacy. Situated on a point lot of almost two acres, this private family fishing compound, affectionately called the Fish Camp, is surrounded by water on three sides offering incredible views of the wide lagoon and Atlantic Ocean. With over 190 feet deep water Florida Keys Real Estate and Homes For Sale.
This remarkable property is situated on an oversized lot surrounded by lush tropical gardens. Recently remodeled offering vaulted tongue and groove ceilings and rich hardwood floors. Showcase kitchen features wood cabinets, stainless steel appliances and granite counter tops. The main level includes 2 inviting bedrooms with marble baths and the ground level offers a private guest suite. Unique Florida Keys Real Estate and Homes For Sale.
Rare offering in Port Largo with this British West Indies inspired custom designed waterfront home. Featuring two separate living areas, formal dining room, 4 bedrooms, 3 en suite baths, master jacuzzi tub with seamless showers, and teak indoor bar. Chef inspired custom cherry hardwood kitchen is equipped with gas, top of the line SS appliances, granite island, wine cooler and large laundry room. Florida Keys Real Estate and Homes For Sale.
Desirable location from the Bay on main Port Antigua crystal clear canal with a 15,000lb upgraded boat lift. Beautiful cathedral ceilings in Great Room open to large screened patio with exceptional views. Stainless steel/granite gourmet kitchen. High ceilings in Master and Guest bedrooms -and small loft area. Downstairs offers a living area, bedroom & bath. The perfect home for family & boat! 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.
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, stainless steel appliances Florida Keys Real Estate and Homes For Sale.
Private and gated, this exquisite long-driveway Oceanfront Estate with over 450 waterfrontage & deep water dockage, set on over 6 acres including bay bottom is offered for the first time in decades. Pristine beachfront cabin with wide water views from the oceanfront porch built in the 1930s with additions in 2005-06. Three bedrooms, three baths, outside shower, garage, downstairs storage. Florida Keys Real Estate and Homes For Sale.
Tropical modern home in Key Largos most desirable locale - Port Largo. This expansive 5 bedroom 5 bath home offers wide open living areas, a formal dining room, & gourmet granite kitchen. The lower level offers 2 guest suites, wet bar & family room that opens to the heated pool. Enjoy the outdoors under several tiki huts & summer kitchen. 75 of deepwater dockage for immediate ocean access. Florida Keys Real Estate and Homes For Sale.
Tranquility on the bay, with never-ending views of nature and glorious nightly sunsets. This Key Largo CBS home has a deep-water dock, 100 sandy beach and small-watercraft ramp. Located within an exclusive, gated community, it has three bedrooms and three baths, with each room featuring French doors that open to bay views. It is eco-friendly with efficient appliances, luxury amenities and refined Florida Keys Real Estate and Homes For Sale.
Why buy existing finishes when you can choose your own? Located in desirable Indian Waterways on a beautiful canal. Dockage sheltered from wind but easy Gulf access, near Snake Creek ocean access. This 4/4 home is whatever you want it to be! 3rd floor block is laid. Floor plans available upon request. New construction with elevator waiting for you tell us what luxury looks like to you! Florida Keys Real Estate and Homes For Sale.
Live the good life in this large, canal-front, pool home. Almost 2,500sqft of living space, 4 bedrooms, 4.5 bathrooms, a huge bonus room and plenty of storage, there is room for the whole family. The 60 concrete dock features both a 5,000 lb and a 15,000 lb boat lift and there is quick access to the bay and the ocean. Florida Keys Real Estate and Homes For Sale.
SELLER SAYS BRING ALL OFFERS! Located on the Atlantic Ocean in The Heart of Islamorada situated just above the beach for enjoying spectacular sunrises as each day begins. Gated Estate located on the quiet side of the Island .... the Old Highway. Main House features three bedrooms, three baths and expansive waterside patio surrounding the pool, tiki bar, breezy gazebo, and dock. Florida Keys Real Estate and Homes For Sale.
METICULOUSLY APPOINTED IN ISLAMORADA!Upon entering this custom-built residence, it is immediately apparent that ultimate attention was paid to every detail. An elegant, 5B/5.5B, Venetian Shores trophy property, with a list of custom features to impress those with the most discriminating taste. Gourmet kitchen offers granite countertops & backsplash, wine cooler, food warmer, Sub-Zero refrigerator Florida Keys Real Estate and Homes For Sale.
Remarkable opportunity to build your open water dream estate! Islamorada oceanfront stunning double lot with 200 ft. of oceanfront, a wade-in sandy beach plus boat dockage/boat shelter within view of Alligator Lighthouse. Two lots plus two parcels of shoreline/bay bottom for a total of 1.5+ acres of upland. Existing 2/2 home is charming and clean. 7-day rentals okay. One-of-a-kind tropical oasis! Florida Keys Real Estate and Homes For Sale.
This open concept home in Treasure Harbor surrounds the elevated pool with 5 sets of sliding glass doors to the living areas and master bedroom. Located on the wide harbor you have protected dockage and privacy. The upper level has the open living areas and 2 bedrooms and 2 baths and is accessed with interior stairs. The downstairs has a permitted bath and enclosure which is used as a bedroom. Florida Keys Real Estate and Homes For Sale.
ISLAMORADA VENETIAN SHORES! Located 1 house from Snake Creek featuring awesome water views, 100ft. of dock w/17,000 lb. boat lift, completely updated w/soaring ceilings, expansive screened waterfront porch, offering 2 bdrms & 2 bths upstairs & lower level 1 bdrm 1 bth guest quarters! Entertain in the waterfront tiki & enjoy the lush tropical landscaping, paver driveway, storage & so much more! Florida Keys Real Estate and Homes For Sale.
Best Boating in the Keys! Desirable Venetian Shores 5 bed/3 bath home with immediate ocean AND bay access via Snake Creek from a concrete dock with davits on 100 ft. wide canal. This solidly-built concrete home offers a 3/2 upstairs with high ceilings, spacious kitchen and gorgeous master. Downstairs is a separate 2/1 guest quarters with separate laundry, large carport, storage and greenhouse. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Sunsets on Florida Bay! This must-see private open water 3/3 estate with dockage offers expansive open water views, a bayfront beach and a vertical boat lift. Mature trees shade the charming front gardens of the nearly half-acre estate on desirable Plantation Boulevard. Spacious & beautifully updated kitchen! 1/1 on living level and split 2/2 upstairs, plus large ground level storage/tackle room. Florida Keys Real Estate and Homes For Sale.
Magnificent Key West style estate home directly on the ocean with stunning pool, rare sandy beach, DEEP WATER DOCKING & A 12,500 lb. BOAT LIFT! This dramatic home features cathedral wood ceilings, marble and wood floors, designer touches throughout. The open floor plan is great for entertaining. A The huge 80X20 covered terrace overlooks the sandy beach and Atlantic Ocean. Florida Keys Real Estate and Homes For Sale.