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.
Tropical Paradise awaits...expansive home situated on appx half acre fenced and gated, sandy beach, deep water dockage for multiple boats, inground pool, and more. Concrete home with metal roof, cathedral open beam ceilings, top floor master suite, grand living and kitchen area, split bedroom, foyer and interior staircase. All overlooking large body of water and across from the Atlantic Ocean! Florida Keys Real Estate and Homes For Sale.
THIS MAGNIFICANT OCEANFRONT PARCEL features 200 of waterfront, two sandy beaches and a deep-water dock with boat lift and a covered seating platform located in historic Tavernier. The property includes a main house and two guest houses surrounded by manicured green grass and lush, mature tropical landscaping.The main house features a 70 long wrap-around veranda to enjoy the sunrises Florida Keys Real Estate and Homes For Sale.
Open water getaway directly on Florida Bay with dock & boat lift in desirable Buccaneer Point. Unwind in this charming island-style 3/2 home on an oversized lot with fenced backyard, swim spa and outdoor shower. Kick back on the bayview screen porch or in the large top floor master with bay view balcony. Offset your expenses with repeat rentals! This perfect Keys retreat is only an hour from Miami Florida Keys Real Estate and Homes For Sale.
This is a fabulous home located central to everything Tavernier has to offer. CBS newly reconstructed home with 95 feet of concrete dockage with a brand new 20,000 lb. lift, cleaning station, 50 amp service plus water. Empties directly into Tavernier Creek for access to both ocean and bay. heated in ground pool with new heater just installed. lots of great tropical landscaping surrounds the proper Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Superb Boating Access Included With This Completely Concrete Move In Ready Home In Venetian Shores. Plenty Of Room To Entertain Your Family & Friends, Private Guest Quarters, Hot Tub, Inside Stairs, Garage, Laundry Room And Large Open Patio To Spend Your Afternoons In Paradise. Bring Your Boat To The 70 Concrete Dock Along With Davits And Start Living The Keys Life. Dont Let This One Get Away ! Florida Keys Real Estate and Homes For Sale.
Custom waterfront home offers concrete dock with 6k boat lift, whips and floating dock, fresh & beautiful landscaping, gas tiki torches and fire pit, salt combo pool and spa, expansive outdoor porches with stone decking and impact windows. Interior features include teak wood floors & doors, breathtaking 16vaulted ceilings & chefs kitchen. Meticulously maintained and turn-key. 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.
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.
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.
Enormous 5 Bedroom 3 Bath (3,551 sq ft) Includes a separate 2 bedroom living area down. CBS home offers Cathedral ceilings, Open floor plan, If you need space this is the house for you. Plenty of room for RV, toys and Pool on this large lot. Deep water 100 ft concrete dock for your yacht, Location - Location - Desirable Venetian Shores Waterfront home only a few homes from Snake creek. 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.
Extraordinary views compliment this sun drenched oceanfront estate.Home features 5 bedrooms/4baths and is located on two lots capturing over 270 feet on the waterCompletely renovated 2 story home with a gated entry offers a casual living style and is perfect for elegant entertaining.The impressive gardens are surrounded by swaying palms and a two-tiered walk in free formed pool and spa. Florida Keys Real Estate and Homes For Sale.
GORGEOUS OPEN WATER VIEWS AND SUNSETS from this beautiful waterfront pool home in prestigious Duck Key! Expansive living area offered in this 3bd/3ba home, large master suite on third level. Magnificent porch to truly take in all the relaxing oceanviews. Electric gates, privacy wall, great dockage with boat lift. Quick ocean/bay access. This is your dream home in the fabulous Florida Keys! Florida Keys Real Estate and Homes For Sale.
Open ocean views! Enter into the living room & you are awash in ocean views. Sliding glass doors across the living, dining & master bedroom facing right out to the ocean. Full open patio across the length of the house also enjoying open views. 140 + of concrete dock with davits. All concrete home including roof. Light, bright and offering a split floor plan with each bed/bath on opposite sides. Florida Keys Real Estate and Homes For Sale.
Buccaneer Point Beauty! You will fall in love with the unobstructed views and sunsets over Florida Bay! Present owners have meticulously maintained this home so that you can move in and relax and enjoy the pool, dock, boat lifts and gorgeous open living space and fabulous kitchen. Vaulted ceilings and a wall of windows bring the outside in for comfortable Florida Keys living at its best! Florida Keys Real Estate and Homes For Sale.
Stunning views from this amazing Oceanfront location. Concrete home with amenities galore. Enter this majestic home through the bronze double front door. Marble,granite and stainless appliances. Overlook the Ocean while relaxing in the pool. Boat lifts, concrete docks,huge boat basin, everything you need to enjoy life in the Keys!Impact glass windows & doors. Gated, fenced, garages. Tackle room. 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.
Ocean Front Estate 2 story CBS home with Old Florida charm located between Key Largo and Ocean Reef on over 2 acres, has over 500 feet of direct ocean front, and panoramic ocean views from almost every room! Enjoy the private beach, pier, tarpon fishing and large boat basin with a boat lift for docking your boat. This spacious home has 4 BR including a master suite on the main living level. 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.
Stunning Home with protected dockage on a tranquil lagoon easy access to Bay and Ocean. Custom-designed 5 bedroom, 5 bath home constructed to withstand 155 mph winds...featuring over 100 feet of waterfront, concrete dock, 2 boat lifts, custom pool and spaMarble floors, gorgeous kitchen with granite countertops, top quality appliancesThis superior home has been meticulously planned and Florida Keys Real Estate and Homes For Sale.
One of the Jewels of Adams Cut, Key Largo, is now available for the 1st time. This gorgeous Estate was built by a builder for his family and offers 4 bedrooms/4 baths with over 3,100 sq. ft. The paver lined driveway leads to a large 2 car garage that includes a back yard garage door for easy storage. The downstairs offers a grand living area with media room, one bedroom/guest quarters,one bath Florida Keys Real Estate and Homes For Sale.
Port Largo is offering a rare 3343 sq. ft. multi family CBS waterfront home! Architecturally designed and constructed with commercial grade pilings to take full advantage of southeasterly breezes and spectacular water views from great rooms, porches, summer kitchen, and dock. Interior amenities include cathedral ceilings with open floor plan and 4 en suite master bedrooms with walk in closets. 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.