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.
Fantastic deep water dockage in premier waterfront neighborhood. 98 waterfront. 2/2 upstairs with beautiful island kitchen, top of the line appliances, tile floors throughout. The wide screened porch upstairs is wonderful for outdoor dining. Two downstairs spaces include a workshop and movie room on one side, and a great guest suite on the other. Outdoor entertaining area with built in grill & wine refrigerator offers the perfect spot to enjoy prevailing breezes and the lovely pool w heater/chiller and hot tub. New metal roof, new AC. Florida Keys Real Estate and Homes For Sale.
Spacious family home on deep water canal with direct ocean and easy bay access. This 6 bedroom/5 bath home has room for family and friends to enjoy all the Florida Keys lifestyle has to offer. Open living room and pretty kitchen with generous porch overlooking the waterfront is the central area for all to gather. 4 guest bedrooms and 2 baths on main living level. Top floor encompasses recreation space for pool table, movies and lounging as well as large master bedroom with ensuite bath and great covered porch. Downstairs offers private 1/1 guest suite. Gated drive, covered parking for boats/cars. Florida Keys Real Estate and Homes For Sale.
VENETIAN SHORES! Turn Key furnished, Concrete construction, Custom built home offers over 2,659 sf of living space featuring a Chefs kitchen with top of the line appliances, a gas stove & grocery lift, nice open floor plan for entertaining, soaring ceilings, expansive porch overlooking the waterfront, third floor master suite, office/3rd bedroom in lower level guest quarters, above flood possibly can be enclosed to expand living space, Interior Staircase already in place! Lots Of Potential!Lower level storage, under cover parking, 70 ft. of dock with a 15,000 lb. boat lift, crystal clear canal with direct ocean and bay access. Florida Keys Real Estate and Homes For Sale.
PELICAN WATCH on Buccaneer Point Estates! Enjoy this charming 2 story bay front home with daily sunsets, a sandy beach and lots of space to add a pool or more living space. The bayside screened in porch is perfect for afternoon breezes. The great room has cathedral dade county pine ceilings, an eat in bar in the bayside kitchen, laundry room, master ensuite bedroom and guest bedroom all with walk out porches. This is the first time this home has been on the market since it was built! This beautiful setting has 1/3 acre of land with a sandy beach and home set back close to the Florida Bay. Boaters will appreciate this short pier dock, boat lift, and easy access to the ocean via Tavernier Creek or Adams Cut. Downstairs has 1271 sq. ft. of storage space and a permitted bathroom Florida Keys Real Estate and Homes For Sale.
Situated in the heart of the Florida Keys, nested behind gates and lush tropical landscape is this grand bayfront island with a magnificent main house and two private guest houses, swimming pool, and deepwater protecteded dockage for multiple boats. The main two story home offers two inviting bedrooms, spacious living and dining area, showcase kitchen and French doors that open to lovely porches overlooking the bay. The impressive guest quarters provide comfort and privacy with four bedrooms, two bath and private patio overlooking the bay. Lastly the timeless bayfront one bedroom guest cottage offers open bay views and sandy beach area. The swimming pool with sundeck is surrounded by swaying Palm trees and tropical gardens .Palm Island is only a few minutes away from airport. Florida Keys Real Estate and Homes For Sale.
Spectacular & Private Oceanfront Estate with Pool & Protected Dockage in a deep water, Ipe wood marina, surrounded by magnificent Silvestre palms and adjacent to a .75 acre sandy, water front lot covered with coconut palm trees! This magnificent concrete home is located in one of the most prestigious communities in all of the Florida Keys, Plantation Point, a very private, four home, double gated community in Islamorada,The Sport Fishing Capital of the World. There is a total of 6,092 square feet of enclosed space (3,692 square feet of air conditioned space on the second and third floors, plus a 400 square foot covered screened porch adjacent to the great room and kitchen and on the ground floor a 1,000 square foot pool/game/family room w/glass sliders, and a 1,000 sq.ft. garage). Florida Keys Real Estate and Homes For Sale.
This 1971 original beach house has been entirely renovated, complete with brand new top floor master suite addition. Fresh coastal design, solid CBS, 3bed/2bath with 1/1 legal downstairs quarters and storage, covered carport plus canal front lot with protected dockage, boat lift, pool, bar and tiki hut! This property has all the amenities any Keys homeowner could imagine! Must see to appreciate the beautiful interior finishes, panorama ocean views, and fantastic outdoor spaces. Florida Keys Real Estate and Homes For Sale.
Luxury Waterfront Islamorada Pool Home with Dockage & Elevator! This well-built custom 4BD/4BA was meticulously constructed with high-end finishes and artistic one-of-a-kind touches that make this waterfront home truly unique. The spacious 3,365 sf concrete home is privately gated and offers all impact windows and doors on 3 separate living levels with both interior central stairs and an elevator. Theres also a large integrated garage with extra storage space for toys. Desirable Kahiki Harbor neighborhood provides direct boating access to the ocean and bay via Tavernier Creek for the best boating in the Keys. Designed by David Harum, this distinctive home is a must see! Florida Keys Real Estate and Homes For Sale.
Exclusive Privacy and serenity envelopes you from this bay front estate with over over 1 acre of property that runs from the highway to the bay. Entering the property you will wind your way through the shady hardwood hammock serpentine drive to the landing of this David Harum designed beachfront Key West inspired home, with a rare private white sand beach . This two bedroom 2 bath home has soaring ceilings and an additional 13x13 loft with vistas of the main living level. The kitchen boasts solid wood cabinetry , granite counter-tops, stainless appliances and a sit up bar. A boaters dream ,there is an imposing 168 foot dock with an observation deck, two swimming platforms and dolphin poles to moor a vessel with a 11 beam. SR zoning allows for legal weekly vacation rentals. Florida Keys Real Estate and Homes For Sale.
Exquisitely detailed, lots of sunlight, newer canal Key Largo home with rare custom pool with beach entry for sun bathing for young and old to enjoy, overlooks the dock and oversized gazebo with built-in granite top bar, grill and TV. Features 4 bedroom 3 bathroom with ocean access through the South Chanel. Barely 45 minutes from Miami, enjoy an open concept layout with a marble top gourmet kitchen, stainless steel appliances, cathedral ceilings in great room, storm resistant windows, sono system and 12 dedicated security cameras. A fishermans/divers dream, 2 lifts, 7.5k & 14k with fish cleaning station with dual water power pedestal (30amp, GFCI,and dual water) ice machine hook-up with ample storage for boating. COME AND ENJOY THE KEYS LIFE! Florida Keys Real Estate and Homes For Sale.
PLENTY OF ROOM FOR YOUR YACHT WITH 140FT. OF DOCKAGE! This ultra modern home with exceptional architecture features a gorgeous open floor plan with expansive windows on all levels, beautiful open kitchen with Bosh & Sub Zero stainless steel appliances. The first level includes a large open room/bedroom, full bathroom & a laundry room. The 2nd level features an open kitchen & great room with a powder room and a large waterfront master suite. The 3rd level has a bedroom/office & a full bathroom including an outdoor bar overlooking the pristine waterway. Located on 2 lots with 140ft. of dockage with 2 boat lifts, a cut in boat slip, and 2 car garage with a large tackle room. Located in beautiful Venetian Shores with immediate bay & ocean access. This home truly has it all! Florida Keys Real Estate and Homes For Sale.
Port Largo! Custom Victorian Style Home. New CBS 3b/2.5b, + 1,200 Sq Ft can be 2 extra bedrooms. Total Sq Ft 3460. Huge lot,extra parking Open floor plan. Top of the line SS appliances, gas range and granite counters. Cathedral beamed ceilings. Wrap around Key West style Veranda with views down the canal. Garage has an adjacent additional 800sf air conditioned finished rooms with a full Bathroom. Can be used for guest quarters. Concrete Dock. Walled & Gated with a Courtyard entry. One of a kind Architect Designer home. Near HO Park, boat Ramp & Key Largo Park. Florida Keys Real Estate and Homes For Sale.
Enjoy astounding views as you enter this estate home with soaring ceilings and floor to ceiling windows. Offering 8 bedrooms, 6 1/2 baths set on a nearly 1/2 acre point lot, with open water views of Snake Creek and the Ocean beyond. Screened balconies on all levels, beautiful screened in Pool and Spa, 100 Protected Dockage, mature tropical landscaping with lighting. Double 4-car garage, Separate guest quarters, Elevator. Gated Drive. Easy to show by appointment. Florida Keys Real Estate and Homes For Sale.
Perfect home for large families or investment property! This truly unique property has 151 of bayfront in prestigious Buccaneer Point has 2 docks, 2 boatlifts, on 2 lots with 2 sets of views; one from the main house and one from the guest house. The main home offers 3 bedrooms/3 ensuite baths, cathedral ceilings and open floor plan, that allows endless views of the Florida Bay from virtually every room. Lounge by the pool and summer kitchen with cabana bar or go upstairs to the CBS bay side guest cabana house equipped with sleeping area, bathroom, and wet bar. Amenities include: elevator, electric gate, fenced yard, covered parking, two large storage rooms and native privacy landscaping. This bay side retreat is a well kept secret in Buccaneer Point! Easy access to the ocean via Florida Keys Real Estate and Homes For Sale.
Ocean Front Estate with 3934 sq ft of living area on a 1/2 acre lot surrounded by native plants and mature Coconut and exotic Palms and .71 acre of bay bottom. There is also a total of 3849 sq ft of marble balconies. Completely renovated in 2016 this magnificent home features marble floors, 4 bedrooms, 4 bathrooms, with an additional bedroom and bath downstairs, Cypress vaulted ceilings, 2 completely separate living areas and kitchens suitable for professional chefs makes this the perfect home for entertaining large families and guests. The massive porches overlook the spa and heated swimming pool with sweeping vistas of the Atlantic ocean and beyond. This custom built home was designed with high end finishes and amenities including deep water dockage, 10,000# boat lift and sandy beach Florida Keys Real Estate and Homes For Sale.
Enjoy beautiful views of the Florida bay from your balcony and Master bedroom in this quiet private gated community! Easily access your boats from 2 lifts in a cut in basin within a deep wide canal to the bay or ocean - plus enough dockage for other toys. This 3 bedroom, 3 bath home features so many high end upgrades throughout plus a brand new garage! Open floor plan with vaulted tray ceilings! Some of the new additions include new ACs, impact windows & doors, water heater, indoor shutters through-out, gutters, and so much more! Gorgeous landscaped yard with new decks, upstairs and downstairs for great outdoor entertaining. This is a stunning property both inside and out with the Wow factor in paradise! Florida Keys Real Estate and Homes For Sale.
Beautiful custom deep water canal residence offers modern amenities, spacious architectural design with soaring ceilings, top notch finishes, and immediate ocean access. No compromises on this one! Whole house generator, swim/spa pool, Boat elevator, camera/security/central vac systems, Marble floors, designer kitchen, secondary kitchen, brick paver driveway & pool patio decks, are just a few ofthe numerous features this home has to offer. Florida Keys Real Estate and Homes For Sale.
Hard to find a property like this! 1 canal from the Ocean. This 4B/3B home screams Key Largo from the moment you enter and discover every nook and cranny. Spacious open living and entertainment area combined, complete with Nautical Style Chefs Galley Kitchen loaded with goodies. Custom Bar built to fit. Living area opens up to a 440sf screened patio with built in stainless gas grill. This home comes completely furnished, check out the loft with pool table and a private balcony. 20 x 32 Covered Boat slip with 2 boat lifts & overhead lighting. Just 15 minutes to Molasses Reef once you crank the motors! Completely Fenced, walled and Gated with Custom Designer Gate. Come to Key Largo and call for an appointment! Florida Keys Real Estate and Homes For Sale.
ANCHORS AWEIGH - 140 of deep-water, protected, concrete/paved dockage is enjoyed at this serenely secluded property with sunset views. It is rare to find 2 adjoining lots in Venetian Shores with beautiful bay views, and convenient, direct access to Snake Creek. Remodeled in 2005 & designed to take advantage of magnificent views from every level. Downstairs rec room also used as 5th bedroom. Florida Keys Real Estate and Homes For Sale.
Magnificent ocean front pool home with boat basin situated on over a 1/2 acre lot! Main home is completely updated and boasts an open floor plan with 3 bedrooms, 2 baths, vaulted ceilings, wood floors and an observation deck. The large lanai over looks the Atlantic ocean and swimming pool! There is also a separate very charming Cabana house with one bedroom, 1 bath, living area and tile floors over looking a beautiful sandy beach area! A must see! Used as a vacation rental with a great income! Call for details! Florida Keys Real Estate and Homes For Sale.
This magnificent estate embodies the very essences of luxury. A breathtaking beach home with sweeping ocean views, boasts of approximately 4,700 square feet with 6 bedrooms/6.5 baths.Passing through the gated entry, this extraordinary property was expertly designed to take in the ocean views from virtually every room. With an open concept floor plan, the great room includes a custom bar and dining area that opens onto a sweeping veranda. The Chefs kitchen features state of the art appliances, granite countertops, wine storage, and a walk-in pantry. The master suite encompasses the entire second floor with 180 degree views overlooking the pool, dock, and the beach. A separate poolside guest suite completes this island home estate. Make this home your island paradise! Florida Keys Real Estate and Homes For Sale.
Beautifully Renovated Waterfront 2 Level-2 Family Home with Separate 3/2 Up and 3/2 Legal Down, Both with Full Modern Kitchens and can be Rented Separately! Excellent Rental Income Property Generates $7,000 per month: $3,500 for Each Up and Down Units. Offered Turnkey CBS Concrete Home with 75 Ft. Dock with Power/Water, Easy 5 Minute Ocean Access via Tavernier Creek. Newer AC Units! Solid CBS Construction featuring a Concrete Roof. Each 3/2 Unit features a Split Bedroom Plan with a Master BR/BA on one side and the other 2 Bedrooms on the opposite side sharing a Jack and Jill Full Bath. Both Up/Down spaces have Full Kitchens with Newer Appliances. Sparkling Pool/Tiki Hut and Separate Hot Tub! Plenty of parking for RV, Boats, Jet Skis and Cars. This Home is PRISTINE! NO HOA-NO HOA FEES! Florida Keys Real Estate and Homes For Sale.
Elegant yet comfortable 3 bedroom, 2.5 bath home on the open bay in Sunset Cove, Key Largo. 1660sf. Bright and open waterfront residence with high ceilings and lots of light throughout. Enjoy picturesque views from your wrap around terrace that flows into your living room, dining room and gorgeous updated kitchen. Impact doors and windows throughout the house. Bonus room downstairs for storage. 60 ft of waterfront with a dock, boat lift and davits. There is even a slide into the bay! Large lot with lots of room for entertaining. This is a special property you must see! Florida Keys Real Estate and Homes For Sale.
All concrete fortress located in Port Antigua with quick bay access and 75 of deep water dockage. This home offers a wealth of space for entertaining on one of its rooftop decks and well-thought-out floor plan. The third floor master suites french doors open to its own private deck. The second floor has 2 bed/1.5 baths with open living and kitchen area. First floor offers a garage and bonus room. Plenty of room for a pool. Exclusive neighborhood homeowners park with beach and boat ramp round this off as the perfect Keys package. Florida Keys Real Estate and Homes For Sale.