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.
This property consists of 2 lots directly facing the Atlantic Ocean. 4 bedrooms 2 1/2 baths with cathedral ceilings, screened porch, open BBQ deck, walk around deck, heated custom pool, dock, screened patio downstairs, lush landscaping, circular drive and views that will keep your socks off!! Florida Keys Real Estate and Homes For Sale.
This magnificent OCEAN FRONT estate is located on the prestigious west side of the island. Quality finishes and close attention to detail are evident throughout this 4bd/4.5ba 5,000+ s/f oceanfront home. Custom pool, spa, and sandy beach. Garage space for up to (3) vehicles, storage, workshop area, and elevator. Gourmet kitchen with Sub-Zero and Wolf appliances just installed. Florida Keys Real Estate and Homes For Sale.
Ultra private and secluded waterfront estate on 6.5 acres with expansive dockage, private boat basin, ramp, lifts and davits. Principal house with 4BR/5.5BA and separate 2/2 guest house. Multiple indoor/outdoor entertaining areas and true chef's kitchen with Carrara marble countertops. Hardwood floors throughout. Lush tropical gardens designed by Raymond Jungles with oversized pool and spa. Florida Keys Real Estate and Homes For Sale.
Lovely concrete home with endless sunset views. Professionally landscaped yard plus L-shaped dock with boat lift. Open floor plan upstairs with view of Florida Bay from living room and kitchen. Interior foyer entry with extra room downstairs. Some furnishings available. Florida Keys Real Estate and Homes For Sale.
NEW PRICE! OCEAN VIEW GATED ESTATE WITH BEACH & DOCKAGE! This beautiful ocean view home is situated on a point lot with over a 1/2 acre of land offering over 4,000 sq ft of living space, 3 bdrms & 3 bthrms w/2 ocean front master ste's, open floor plan w/soaring ceilings, oceanfront porch,6 car garage, lush tropical landscaping surrounding a flowing pond, deep water dockage, elevator & so much more Florida Keys Real Estate and Homes For Sale.
Exclusive Oceanfront Gated Estate offers the perfect combination of beauty, serenity, and nature. All in picture-perfect surrounds of the Atlantic Ocean and Bordered to the south by approximately 40 acre state nature preserve. Features include direct ocean views from almost every room in the house, a custom inground salt water pool w/ spa, 2 large boat slips in the protected deep water oceanfront Florida Keys Real Estate and Homes For Sale.
Spectacular 4/3 oceanfront estate on 1.2 Acres w/stunning beach & oceanfront pool. Picture perfect ocean views & breezes are enjoyed from all living areas & on upper & lower screened verandas. Fully furnished, cathedral wood-beamed ceilings, 2 fireplaces, dock, 16-car garage, workshop, seaplane/helicopter parking, RV parking, owner financing, & over $140K in income as transient rentals are allowed Florida Keys Real Estate and Homes For Sale.
Secluded Bayfront Estate This home is nestled on almost 4 acres with over 200 feet on the Florida Bay. Paver driveway to home complimented by lush landscaping complete with water features. This all CBS home has a concrete roof and rooftop deck for capturing the bay vistas and sunset views. Master bedroom opens to the bay and porch area with mere steps to the spiral leading to the rooftop deck... Florida Keys Real Estate and Homes For Sale.
Walled & gated family compound or corporate retreat on the open water! Main house has 4 bedroom suites, screened porch, expansive living room, kitchen and great room with soaring ceiling, poolside kitchen, pool bath w/ sauna, built-in BBQ, heated pool&spa, laundry room, storage room & tackle room. Full guest home 2/1 w/ kitchen & screened porch overlooking the water. 3 boat lifts/180' dockage. Florida Keys Real Estate and Homes For Sale.
Stunning open water home on desirable Summerland Beach with sandy beach for lots of fun in the sun. The interior has soaring ceilings with large kitchen, island, dining room and spacious living area. 2nd floor has 2 bedrooms with 2 bath & third floor is all master suite almost 1000 s.f. with walk in closet and luxury bath.Plus 400 s.f. of porch for endless tranquil ocean views. Florida Keys Real Estate and Homes For Sale.
Islamorada's private secluded gated community on the Bay with pool & boat dockage for each homeowner. Travertine floors, granite, stainless, impact windows, direct unobstructed Bay views, and magnificent sunsets year-round.Lush tropical landscaping, good privacy. On-site caretaker for full maintenance of all landscaping and security, your newspaper delivered to your door each morning! Owner/Agent. Florida Keys Real Estate and Homes For Sale.
Enjoy fabulous sunsets by the Atlantic Ocean in this colossal open water home in prestigious Summerland Cove Isles - This concrete home boasts gorgeous sunsets and soothing views of the turquoise waters of the Atlantic. The home has 4 bedrooms, 3 bathrooms, including a huge second story master suite, and over 3,400 sq. ft. of living area and approximately 1512 sq. ft. of open and screened porches. Florida Keys Real Estate and Homes For Sale.
Great opportunity to own a bayfront residence with guest quarters in the Heart of Islamorada. Huge bay front lot with bay views. Zoned Village Center provides tremendous opportunity for redevelopment. Main house has 2 bedrooms, 1 bath; open floor plan; screen porch; boat slip and seawall for up to 100ft of dockage. 1/1 Guest house with detached garage. Guest cottage is currently tenant occupied. Florida Keys Real Estate and Homes For Sale.
Beautiful waterfront pool home in Islamorada's most desirable neighborhood, Venetian Shores. Impressive 4 bdrm., 4 1/2 bath home, entertaining gourmet kitchen with granite countertops, soaring ceilings, beautiful great room, private master suite, separate guest quarters, 100 ft. dock, davits and a impressive outdoor entertaining area grill & tiki hut, with pavers and custom built pool and jacuzzi Florida Keys Real Estate and Homes For Sale.
Beautiful Ocean Front home with direct views of Alligator Reef Lighthouse. 2/3 CBS home in a desirable neighborhood. Freshly painted and move in ready. If you are looking for a peaceful Ocean front property minutes away from great Ocean or Bay fishing and boating then this is the home for you! Community boat ramp right around the corner! Florida Keys Real Estate and Homes For Sale.
Breathtaking panoramic ocean views! Direct oceanfront three bedroom, 2 1/2 bath home offers protected deep water dockage, in-ground heated pool for year round fun. Main level has large living area, kitchen, granite counter tops, custom breakfast area, two bedroom and 1 1/2 baths. Upper level is master suite, walk-in closet and private balcony. Pool overlooks the Atlantic. Additional non-conforming Florida Keys Real Estate and Homes For Sale.
This brand new contemporary modern and luxurious canal front home built of concrete block structure, concrete roof, impact resistant windows, and garage is located in Key Largo, the first and northernmost of the Florida Keys, is an hour's drive from South Florida's two major airports, and a world away. This 3 bedroom 2 1/2 bathroom home features a bold contemporary architecture with large Florida Keys Real Estate and Homes For Sale.
Beautiful sunset views from the 16x36 pool, deck or lounge chair. Big Boat Access w. excellent Oceanside boating. Tiki hut & dock area w/davits. Storage & garage for all your water toys. CBS construction. Home features inside entrance, tile floors, step down living room.2 Nonconforming walls downstairs. This gated home comes furnished and ready for your family. Located on 90x125 lot. Florida Keys Real Estate and Homes For Sale.
Bring all your toys, family and friends, there is room for everything at this beautiful custom built home.There is over 100 ft of dock for your water toys, and over 12,000 ft of lot for your land toys. A master suite on the 3rd floor where you can enjoy beautiful sunset views from the balcony. Too many other special touches to mention, You just gotta see it! Florida Keys Real Estate and Homes For Sale.
Upper Keys Oceanfront Estate on Private and Gated Peninsula. Located in Key Largo's most prestigious neighborhood, this 3 bedroom, 3 bathroom home features breathtaking ocean views from every room. The tri-level island style home is truly a boater's dream with a 82 foot deep-water dock, boatlift and dual jet-ski lifts with direct ocean access. Florida Keys Real Estate and Homes For Sale.
ULTIMATE PRIVACY! 425 ft of ocean frontage with 2.3 acres of land! Magnificent panoramic ocean views! Gorgeous home has spacious living room, great room, 2 large bedroom suites, plus an enormous master suite, tiled throughout, large maple and granite kitchen, elevator ready, 8 ft doors, 5 spectacular open porches with forever ocean views, 2 large carports and enclosed storage. Fully furnished! Florida Keys Real Estate and Homes For Sale.
BEAUTIFUL SECLUDED OCEANFRONT PARADISE ON OVER 2 ACRES. Gated concrete home, spacious living area, huge kitchen and amazing balconies to enjoy the oceanviews. 3bd/2.5ba with expansive master suite on the third floor. Florida Keys Real Estate and Homes For Sale.
In real estate there is only one thing better than location, location, location. It's location plus form and function. This beautiful bay front home with its own 100-foot sandy beach and deep-water dock is close to Miami, yet feels miles away in its setting in an exclusive gated community, where each of the 15 custom homes is surrounded by trees. The artful design shows in its French doors Florida Keys Real Estate and Homes For Sale.
Stunning views of the Ocean from this custom built home on gated island. Tan on your own private beach or hop in your boat docked in front of your home and be out in the ocean in 5 minutes. Property is over 1/2 an acre and landscaped with exotic palms and flowering trees. Beautifully designed home offering 3 bedrooms, 3 baths, separate dining room, kitchen to die for... custom cabinetry & counters Florida Keys Real Estate and Homes For Sale.