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.
Unscathed by Irma!!! Beautiful Beach Front Concrete Venetian Shores Home! Feel sand between your toes right outside your door. Bayfront home with protected deep water dockage - slip 61. Ocean & Bay access via Snake Creek. Cathedral ceilings and stunning views with 3/2 up and nonconforming 1/1 down. Chefs kitchen with granite & quality craftsmanship. Paver driveway, fenced for security and tropical foliage Florida Keys Real Estate and Homes For Sale.
Unaffected by the Hurricane! Unique and secluded Bay Front home without the drawback of stairs. Completely above flood, ground level home! Magnificent sunset views from your own private sandy beach and pool. Deep water docking pier for boats or land your sea plane right on your beach. Rare combination of island living in this gated, fully landscaped oasis complete with separate 1/1 guest house and 3 garage bays. Beautifully designed to keep its Key West/ Mediterranean charm, the main house features 3 bedrooms, an office, 3 bathrooms and 2 powder rooms; soaring ceilings, stone flooring as well as all the modern conveniences of an open floor plan, gourmet kitchen, sauna, boat lift and much more. Truly a rare find! Florida Keys Real Estate and Homes For Sale.
Perfectly positioned on a point, this beautifully remodeled home has 4 bedrooms, 3 full baths, deep water dockage and magnificent open water views. The interior has an open floor plan with cathedral ceilings, travertine and saltillo floors, coral rock walls and floor to ceiling windows. 330 of water frontage and lush landscaping make this large property both unique and very private. 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.
Oceanfront Estate with Deep Water Dockage. Rare opportunity to own or redevelop! One of the few private estate parcels in Islamorada with 400+ ft. of waterfront on 4.3 acres of upland and some of the deepest oceanfront dockage in the Keys. Winding driveway leads through tropical gardens to the 1934 settlers beach home which is now an updated 3/3 with relaxing Old Florida feel & open ocean views. Zoning allows for weekly vacation rentals. Truly private with no neighbors in sight until the end of the dock. You must experience this property to appreciate the hush of the palms and the historic, peaceful old island magic. Call to arrange a private showing. Florida Keys Real Estate and Homes For Sale.
Customize your bay front dream home on Plantation Boulevard in Islamorada! This home is undergoing a full renovation, going from traditional to coastal chic! Stunning sunsets, dockage, and a pool are just the beginning! Gated for privacy, this beautiful home has 5 bedrooms and 4 baths in the main house plus a pool cabana with a full bath that can be used as a 6th bedroom. Enjoy beautiful bay views from the kitchen and living areas and the 3rd floor master bedroom and balcony. The lower level is above the flood zone and is currently being used as a bedroom but could be a theater room or additional living and entertaining space. There is protected dockage as well as a jetty into the bay that is spectacular for lounging, sunset viewing, stepping onto your paddleboard or going snorkeling. Florida Keys Real Estate and Homes For Sale.
New Construction,three story concrete fortress with Hurricane impact windows. 3 bed 4 bath with nearly 3,700 sq ft of living area pool/spa.Ground level offers 57x 16garage/workshop. Covered entryway. Covered patio, wet bar, steps to the pool/spa. Second level offers chefs kitchen with island,upgraded appliances,full bath,large walk in pantry. Massive living room for entertaining and balcony over looking the pool and canal. Second floor offers 3 en-suites with a large master bedroom overlooking the water, large master bath with garden tub/separate shower. Third level offers a 57x33 roof top terrace. Spectacular views of the Bay and unobstructed sunset views. Not too late to pick your own finishes/colors. Boat dock and lift are in place.Come see this beauty. Private community boat ramp. Florida Keys Real Estate and Homes For Sale.
Unscathed by Irma!!! A private luxury estate that captures the heart. Three stately living levels with panoramic bay vistas from every room. Ground floor playroom and guest suites open directly to the infinity pool, spa and deluxe outdoor full kitchen. Host long family weekends on the fishing pier with two large boat lifts and sandy cove beach play area. The elevator and two-car garage make access easy and convenient Florida Keys Real Estate and Homes For Sale.
This is the one youve been waiting for! Beautifully appointed 4 bedroom, 4.5 bath home just one lot in from Tavernier Creek with 95 ft. of protected deepwater dockage and no bridge to the ocean. The lushly landscaped back yard features a custom pool and stunning outdoor kitchen for enjoying the Florida Keys lifestyle. Fabulous open floor plan with chefs kitchen featuring granite countertops, breakfast bar, icemaker and wine cooler. 2 bedrooms upstairs include a master suite while a second master suite on the main living level opens to the pool area. The quarter acre lot is fenced and gated and ready for pets and children! CBS construction, impact windows and a metal roof make windstorm insurance reasonable. Florida Keys Real Estate and Homes For Sale.
150 of Dockage in Port Antigua & over 3,000 sqft of living space! Main living level features updated kitchen, open concept dining & living space, spacious screened-in patio, master suite & guest bed & bath. 3rd Floor showcases the Owners Suite with walk-in closet, private balcony, large living area with fireplace, wet bar and library. Downstairs has permitted bath and plenty of storage! Florida Keys Real Estate and Homes For Sale.
Islamorada oceanfront gated private estate on 1.38 acres boasting spectacular views of the turquoise Florida Keys waters withstood the tough storm of Hurricane Irma with hardly a scratch! Superior construction held up superbly well, with only minimum repairs needed, which have all been completed and this property is as beautiful as ever! Luxurious beachfront living with comfortable accommodations for family and guests make this a great vacation property. Main house offers 4 bedrooms and 4 baths plus powder room off living area. Separate 1 bedroom/ 1 bath guest quarters with views of ocean and 150 beach from private balcony. Infinity edge pool and spa with outdoor grill and bar, 2 car garage, private drive with electric gate and a whole house generator complete this fine estate. Owners ... Florida Keys Real Estate and Homes For Sale.
What an incredible location with endless views of the bay and deep water dock! This is a corner lot with water on 2 sides, 200 Ft +/- of concrete protected dockage, a boat slip, T dock and jet ski davit . Solid concrete construction including the roof. Expansive glass on the waterside of the house maximizes the incredible views. Large open concept entertainment area and tiled floors throughout. Expansive master suite encompasses the second floor and includes a master sitting area, bedroom with bay views, exterior concrete roof deck, and en suite bath. There is a concrete storage building, outdoor shower, accordion shutters, private boat ramp and a beautiful electric privacy gate. This is a wonderful island retreat, only 1 hour to MIA and yet a tropical world away! Florida Keys Real Estate and Homes For Sale.
Perfect beach home with stunning bay views and deep water dockage! This concrete home offers 3 bedrooms and 2 baths, cathedral ceilings, open floor plan with lots of windows. Outdoor kitchen overlooking the Florida Bay offers great entertainment space. Large carport and garage has plenty of storage room. Florida Keys Real Estate and Homes For Sale.
IMMACULATE WATERFRONT POOL HOME in a desirable subdivision in Tavernier situated on TWO lots offering beautiful oceanviews and direct ocean access! Turn-key home offers 2bd/1ba up and a pre-firm 1bd/1ba down with workshop and laundry room. Inviting deck off living area to enjoy the wonderful oceanviews and beautiful sunrises! Electric gated entrance, 90 of concrete dockage and boat lift. Florida Keys Real Estate and Homes For Sale.
CARIBBEAN BREEZE~Easy Island living in prestigious Port Largo area. Cool off, relax & unwind in spacious pool & spa home on over sized lot. Kick back and chill in your piece of paradise fully furnished 3/3 plus 1/1 on 1st level, updated kitchen & 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, room to store RV, cars, trailers and more. 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.
This large spacious home is located in a very desirable, quiet, private, gated community in Seven Acres. Situated on the bayside, you can enjoy nightly sunset views as well as a deep wide canal and features a protective cut in boat slip. This house is 2300 sq. ft. of interior space with a large master suite with an adjacent room perfect for a nursery or office. Large updated kitchen, open floor plan plus 2 car garage. Lush landscaping with fruit trees and avocado, star fruit, lychee, lemon and banana trees. This house is full of so much potential a must see.There are orchids,stephanotis plants and many beautiful flowers in the yard Florida Keys Real Estate and Homes For Sale.
Move in Tomorrow in this Turn Key Home in Desirable Venetian Shores. Great location - 3rd lot in from Snake Creek. This area is known for deep water dockage, multi-million dollar homes and easy access to Atlantic Ocean (via drawbridge) and Florida Bay. 5BDS/ 5.5BTHS + office (6th bedroom), with 4,000+ sf of living space, 10,000sf lot and 100 of dockage. Master suite addition (2014), separate living space downstairs for guest (above flood and permitted) completed in 2008. Each floor has their own laundry. Meticulously maintained home is well appointed. ALL ABOVE FLOOD & completed with permits. ACed garage, heated / chilled SALTwater pool (2013) w/ hot tub & cascading waterfall, outdoor kitchen w/ custom starboard cabinets, dishwasher, ice maker... Florida Keys Real Estate and Homes For Sale.
This stunning estate is uniquely designed featuring 10 bedrooms and 11.5 baths home is nestled on the Florida Bay in Key Largo. This secluded estate rests on just over 1 acre that is mesmerizing from the moment you enter the gate! The driveway is shared leading you to a tropical landscaped preserve and parking. Florida Keys Real Estate and Homes For Sale.
2018 CBS 3 Story 4Bd/4.5Ba canal home in Islamorada. Easy Ocean access Via nearby Tavernier Creek or Snake Creek. Impact D&W. Chefs White Kitchen w SS Appliances, Quartz Counters & Tile Accents. 3rd floor has M. bedroom suite also guest bedroom & bath. 2nd level w Kitchen, Dining & Laundry 1/2 Bath & Bedroom & Bath. Above Flood ground level with Bedroom, Bath and living area with inside stairwell and Elevator Ready to all floors. Brick Paved driveway and back yard, Huge garage. 30 Concrete Dockage has been approved. Florida Keys Real Estate and Homes For Sale.
Exceptional masonry home with pool in one of Islamoradas most sought after communities, Toll Gate Shores. Intimate water front community of exceptional homes with private owners park serving less than 40 residences. This home has been updated throughout with exquisite baths, granite and stainless kitchen, vaulted ceilings, screen balcony overlooking dockage and pool area. There are 2 spacious bedrooms with ensuite baths on main level with interior stairs taking you down to 3 room used for 3rd bedroom or den. There is also a full laundry room and full bath, full garage and access to pool area and covered carport and pool side entertainment area. The heated pool has wonderful afternoon sun and full pavered deck all around for entertaining as well as a recently installed wet bar. Florida Keys Real Estate and Homes For Sale.
Come home to Turtle Key. This offering is one that you will fall in love with. Combining a multitude of uses,this enclave of 5 cottages has been refreshed and restored to enhance the Keys charm. Leatherback Cottage has 2 BR 2 BTHS upstairs and entertaining room down overlooking the ocean and boat basin. Green Cottage has 2BR 1 BTH overlooking pool, boat basin and ocean. Kemp Cottage has 1BR 1BTH and is in the midst of tropical gardens. Hawksbill Cottage has 1 BR 1 BTH down with inviting loft studio/office upstairs. Loggerhead Cottage has 2 BR 2 BTHS with pool, spa, and decking overlooking an vast open area and the Atlantic Ocean beyond. 577 FT on the ocean with 5.5 acres. Parcel also includes development rights recognized by the Village.Pre-Irma photos Florida Keys Real Estate and Homes For Sale.
4/2 Waterfront home in Tavernier- Oceanside. Concrete Home Completely remodeled 4 bedrooms 2 bathrooms- 2/1 on the 1st floor with full kitchen, living room, bathroom and laundry room. 2/1 upstairs with full kitchen and living room- spacious bedrooms- impact windows-canal/waterfront -65 foot concrete dock with 15,000 LB elevator boat lift- Tiki Huts, fish cleaning station-This clear canal flows directly to Tavernier Creek to easy access to the ocean and the bay.. Florida Keys Real Estate and Homes For Sale.
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. Property next door is also available making an estate property with 200 feeton open bay Florida Keys Real Estate and Homes For Sale.