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.
GATED LUXURY 3-STORY POOL HOME WITH WONDERFUL OCEAN VIEWS! - LOCATED IN THE HEART OF KEY LARGO - Unique Open Floor Plan - Lg. Liv. Rm. With Balcony, Amazing Ocean View & Fireplace - Oversized MB With Balcony, Ocean View & Fireplace - MB With Jacuzzi Tub - Marble Floors Throughout - Granite Counters - Pool & Ent. Area W/Kitchen - Rooftop Ent. Area/Ocean Views - Deeded Boat Slip/Direct Ocean Access. Florida Keys Real Estate and Homes For Sale.
Gated pallatial estate home with 8 bedrooms, 6 1/2 baths. Open water views of Snake Creek and through to the Ocean. Point lot location with 100dock, pool and spa. Screened balconies on every level, double garage, guest quarters. Peaceful and private gardens. Shown by appointment. Photos are pre-Irma. Florida Keys Real Estate and Homes For Sale.
Property and home photos were taken prior to hurricane Irma.SNOOK Residence: This Tarpon Point Beauty sits at the edge of the pool and offers spectacular ocean views. A spacious 4 bedroom/ 4 bath home is well equipped with a Chefs kitchen with top of the line stainless steel appliances granite counters. Whole house generator, impact resistant windows & doors and a private elevator. Florida Keys Real Estate and Homes For Sale.
This home is located less than 300 ft. from Snake Creek which provides immediate Ocean and Bay access for year round boating fun! This spacious home has CBS construction, a poured concrete roof, covered gazebo and 100 ft. concrete dock. The lower level has a 1 bedroom, 1 bath apartment perfect for guests or extended family. The 2nd floor features the main living area with an open floor plan and 2 bedrooms and 1 bath while the 3rd floor has the master bedroom suite and a very large covered porch. Enjoy views of Snake Creek from all 3 levels and from the back yard and dock area. The covered gazebo by the dock is perfect for relaxing with family and friends. Dont want to cook? Get in the boat and reach numerous restaurants and bars within minutes. Enjoy the Florida Keys Lifestyle! 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.
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 13,000 sq. ft. 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 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.
One of the few properties with limitless open water views, on the Bay in the center of Islamorada. Recently updated kitchen with granite counters and new appliances. Open floor plan with lots of lounge ability. Deep water dockage with protected basin and boat ramp. Dont miss this opportunity to live on the open Bay in down town Islamorada 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.
HUGE OCEANFRONT PARCEL JUST UNDER 3 ACRES IN ISLAMORADA, large deep water basin! 200 on the ocean! You will enjoy this gated compound with a ground level home with many extras including fireplace and home theater screen. Large deck to enjoy the unobstructed oceanviews. This is a rare and unique property! 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.
This gated ocean front estate is situated on over 2 acres cocooned by lush tropical gardens and features an old Chicago reclaimed brick circular driveway.The grand home offers a stately open living area and a gourmet kitchen with 2 islands offering Padagonia granite countertops, seats 8,and top-of-the line appliances. Three private guest bedrooms each features spacious balconies and outdoor showers. The enduring master suite offers walls of closets, oceanfront media sitting area, a gorgeous master bath and private outdoor shower. The third floor home office features a wet bar and outdoor porch with ope water views. The inviting outdoor covered living area is perfect for entertaining and includes well over 2,500 sq ft. with custom outdoor kitchen and granite counter top that seats 16.The Florida Keys Real Estate and Homes For Sale.
Exceptional Quality abounds in this New Construction home located on desirable Lower Matecumbe Key. The features of this 4800sf, 5 bedroom, 7 bath home, with Florida Bay views are endless & must be seen in person! The owners took great care in the design & construction & was built above the required building codes. This solid concrete, 2 story, luxury home was built above flood. Features include: Florida Keys Real Estate and Homes For Sale.
Boaters Paradise, protected dockage w/ boat basin and over 105 of deepwater dockage and direct ocean access. Concrete home with spacious living areas 3BR/ 2BA, screened porch on the main level. Third floor grand master suite with living, kitchen and bath. Bonus first floor guest quarters. Private swimming pool with sundeck by lush tropical landscape. Conveniently located to Miam. Florida Keys Real Estate and Homes For Sale.
In the center of Islamorada,open water view with deep water dockage. Has been family residence with 7 day rental licenses.This home was updated and enlarged for extra living space. Boat basin and chickee hut invites you to relax and enjoy the scenes of the Bay. Florida Keys Real Estate and Homes For Sale.
Concrete fortress! This island style home features poured concrete floors and roof, CBS construction, and impact resistant windows and doors. Large living areas include leading out to covered terrace overlooking the water views. Three spacious bedrooms with walk-in closets plus an additional guest bedroom will comfortably accommodate a large family. 80 feet of concrete dock with davits and a heavy duty elevator boat lift on deep water ocean access canal. Within minutes to great fishing and diving. Other features include; garage, alarm system, automatic sprinkler system, central vacuum, commercial grade BBQ, remote access front gate, and much more. Florida Keys Real Estate and Homes For Sale.
Attention engineers and those with impeccable taste! If quality is what you desire, look no further. A breath away from completion, this custom 5BD/3.5BA open bay view home is built to last. Metal studs, double poured concrete, imported finishes, and the best views money can buy. Located near the ultra private, quiet end of Buccaneer Points peninsula and just off of the intracoastal waterway. Florida Keys Real Estate and Homes For Sale.
Exceptional Venetian Shores home w/100ft. dock and views of Snake Creek! Move right in to this 5 bedroom beauty with an ELEVATOR! Featuring a private master suite on the 3rd level, gourmet kitchen w/open living and dining areas and soaring Cypress ceilings. Full guest quarters downstairs w/huge garage & separate tackle room. 15,000lb. Boat lift and 5,000 lb.davits & 2 fishcleaning stations on the dock. Beautifully landscaped with fruit trees, exotic palms and orchids. This home has plenty of storage, Plantation Shutters throughout and a screened porch which encompasses the second and third levels. 3 separate air conditioners for climate controlled comfort as well as a central vacuum system. Florida Keys Real Estate and Homes For Sale.
Property and home photos were taken prior to hurricane Irma.Introducing SAILFISH, a brand new residence at Tarpon Point- Move Right in! Fully Furnished-- Here you can enjoy luxurious Oceanfront living from this stunning 4 bedroom home. Enjoy daily incredible ocean views and early morning vistas while overlooking historical Indian Key. Tarpon Point home has it all! Florida Keys Real Estate and Homes For Sale.
Bring your large family to this roomy home. Four bedrooms and a den along with a separate laundry room and a beautiful roof top deck with a great Bayview. 15,000 lb. boat lift at your 60 foot concrete dock. Relax by the pool at this beautiful tropical setting. Plenty of shaded parking with pavers and room for your boat and trailers. Impact windows and doors and a beautiful kitchen with an abundance of cabinets and a pretty granite counter top. Oversized screen patio and open patio also! Fully furnished and move in condition. Turn key! Including paddle boards and kayaks. Plenty of storage with utilitie shed also. 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 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. Sorry for the delay, more pictures coming soon. 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.
Property and home photos were taken prior to hurricane Irma.BONEFISH Residence: Oceanfront elegance can be found in this brand new home. Designed to pamper and impress with the many construction features - 4 bedrooms and 4 baths with three stories of living and an elevator. The views from this house are incredible and on a clear day you can see forever. Gourmet kitchen with stainless steel Wolf Gas stove Florida Keys Real Estate and Homes For Sale.
Open Oceanfront Estate with Deep Dockage on 1.5 Acres on Millionaires Row... Islamoradas premier address. Enjoy the best boating in the Keys with two boat lifts (larger is 17,000 lbs.) plus davits and water/power on the dock. Spacious 4 bedroom/3 bath with large heated pool, winding private driveway, and a soaring central atrium surrounded by walls of windows to frame the ocean view. Open ocean views from the living room, Florida room, porches, master bedroom and upstairs loft. Living room with wet bar and pass-through window to the gourmet kitchen and separate dining room, all with Saturnia stone floors. Boaters will enjoy deep dockage plus direct navigation from the dock to the best offshore fishing and diving, plus quick and easy Florida Bay access. RE Zoning allows weekly rentals. Florida Keys Real Estate and Homes For Sale.