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.
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.
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.
Timeless ClassicThis one-of-a-kind private estate is nestled on 3.48 acres in downtown Islamorada with over 300 feet on the Bay. This enchanting property offers 4 large bedrooms & 4 baths in the main house & two spacious 2 bedrooms/1bath detached guest houses. The bay front includes an enormous deep water boat basin, covered boat house, dockage, & an extraordinary island that can be the focal point of sunset celebrations.In the main home, the grand room offers high ceilings with fireplace & formal dining room, family room overlooking the water & 4 master suites. The charming appeal of the guest cottages creates an environment for generations of family & friends to gather. Two car garage, a separate laundry outbuilding, landscaping with fruit trees & gated entry complete this estate Florida Keys Real Estate and Homes For Sale.
Your own private island awaits! A half-acre estate with exquisite panoramic views and total privacy in North Key Largo. Private entrance road and private boat basin for peace and tranquility. Impeccably-decorated and well-appointed two bedrooms, office/den, two baths up,and one bedroom, one bath guest quarters below. Cathedral tongue and groove ceilings, retractable electric shutters and loads of Old-Florida charm and antiquity behind every detail. Huge lot affords tons of space for pool, toys, and private affairs. This is truly a great home on a unique property and a rare opportunity. Florida Keys Real Estate and Homes For Sale.
If size, location and open water views are what you seek, look no further than this jewel on Saint Thomas, in the prestigious Port Largo Community. This 6 bedroom and 4 bath home leaves little to be desired. The large living area and kitchen located on the 3rd floor provide the best vantage points for endless water views.The 75 ft of deep water dockage offers quick and easy ocean access with a 6 ft control depth at the entrance of this waterfront neighborhood for vessels with deeper drafts. The heated pool and outdoor kitchen impart ample room to entertain and unwind. The 1st floor allocates plenty of room for storage and has a permitted full bath easily accessed from the pool. The 2nd floor boasts 4 bedrooms and 2 baths. Along with the living area, kitchen and laundry, the 3rd floor has 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.
Come enjoy Islamoradas new luxury address! The 12 Maison Residences on the oceanfront in Islamorada are currently under construction so you have time to choose your finishes. 3 or 4 bedroom beautifully appointed flats with private elevator and covered parking are available. Maison will be your private beach resort with its 350 ft. white sand beach, 155 ft. day dock and Oasis pool & spa. Pass through the gated entry to your 2 garage spaces, then take the elevator directly to your private entrance foyer which opens up to the kitchen, dining area and great room. The open oceanfront lanai can be customized with gas fireplace, TV, ice maker, wet bar... Just use your imagination! 5 of the 12 units have been spoken for, dont miss out on this pre-construction opportunity! Florida Keys Real Estate and Homes For Sale.
This stunning property is an entertainers dream that speaks of grace and uniqueness from the moment you step foot on the property. Beyond the brick paver driveway and tennis court, are two homes which are separated by a garden walkway. EACH home features 10 bedrooms and 11.5 baths! Both core living areas include grand staircases rising to the upper level master suites. Soaring ceilings with Florida Keys Real Estate and Homes For Sale.
SPECTACULAR PANORAMIC bayviews and breathtaking sunsets offered in this spacious 4bd/4ba tri-level home! Open floor plan with beautiful gourmet kitchen, large living room and dining area, master on 3rd floor to take in the unobstructed views. Enjoy the large balconies offered on each level. Huge backyard, plenty of room for a pool! This is what island living is all about! 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.
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.
Lowest priced corner open water property with approx. 200 water frontage bayside on Plantation Key in Islamorada. 9,000sq ft. property , features a concrete custom 3 bed/2 1/2 bath, including Top floor private master ensuite & office, home. Other features include gated entrance, Parisian blue tile roof, garage, pool,84dock with davits & protected dockage. Freshly painted and restored to its original splendor with NEW impact glass windows and doors, screening and pool/privacy fence. Accordion shutters a plus. Originally plumbed for a Master Suite Wet Bar & Rooftop structured for a Widows Walk. Fabulous sunsets and incredible Bay vistas abound from over 2040of open & screened verandas. A true blank canvas waiting for you to personalize. Start living your dreams and Be the Lucky Buyer. Florida Keys Real Estate and Homes For Sale.
Beyond compare, this Polynesian inspired exquisite keys waterway Harum Designed custome home is scheduled for landscaping and pool in 2017. It is not to be missed if you are looking for a yachtsmans location w/over 110ft of deep water dockage w/unlimited beam on deep water Hurricane Creek. Cathedral ceilings grace this masterpiece and its 3 bedroom and 3.5 baths being complimented by custom LED lighting throughout. Incredible storage, 2 garages, generous and spacious covered gathering areas. The residence boasts an extraordinary creekside covered balcony overlooking Hurricane Creek with views of the Florida Bay making this a Florida Keys Treasure. The finished work detail is to much to list. Contact agent for full details and showing appointment. Florida Keys Real Estate and Homes For Sale.
Custom built canal front home with ocean views and 100ft dock. This concrete home has over 4000 square feet of naturally lit living space. Main living level includes kitchen and dining area , 2 living areas , 2 bedrooms with ensuite bathrooms, 3rd guest bedroom, a guest bathroom and 3 balconies. Private master suite on the top floor with sitting area and private balcony. Special features include 100ft tiled dock with concrete seawall, 5000 lb boat lift, davits and cleaning station, outdoor seating area with bar and TV, roof top deck with ocean and bay views where you can enjoy both the sunrise and sunset and 4 garages. Quick and easy access to the ocean and bay. Room for a pool. All photos were take prior to hurricane Irma. Florida Keys Real Estate and Homes For Sale.
Unparalleled, best describes The Sunset Estate. Perfectly positioned on Point Pleasant, this estate includes an exquisitely built 2006 home, and another separately deeded 1963 home, that was completely rebuilt in 2007. The main house was designed by its owner, a structural engineer and is nestled behind the electric gates and perfectly manicured grounds. From the moment you enter the foyer of the main house, its open floor plan takes advantage of the panoramic views of the Florida Bay. The saltwater, 20x30 pool, offers a perfect spot to unwind or entertain. There are 2 docks. A 100 ft dock with concrete pilings, electric (50 amp) & water behind the main house, and a 30 long dock with concrete piling and wood deck behind the guest house, also with electric and water. Combined, the Florida Keys Real Estate and Homes For Sale.
Oceans Two is an expansive, oceanfront compound, consisting of main and guest houses, located inthe gated enclave of Ocean Cay Estates, Key Largo, Florida. Key Largo, the first of the Keys south of the mainland, is just an hours drive from Miami, its airport,its international allure and the glitz and glamour of famous South Beach. During that one hour drive, the environment transforms from the excitement of urban activity to thetranquility of island living, within the peninsular community of Ocean Cay. Oceans Two commands its position on nearly one acre of oceanfront property with twoMediterranean structures, providing six bedrooms and six and one-half baths in over 6,000 square feet.Nestled between the two dwellings are a heated infinity-edge pool 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.
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.
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.
OSPREY Residence: Stunning new oceanfront home - This custom home has it all - 4 bedrooms and 4 baths with an elevator. The views are incredible from inside the home or from one of your oceanfront terraces with porcelain wood plank flooring. Custom construction and finishes throughout - Florida Keys Real Estate and Homes For Sale.
Ted Williams Estate. This iconic estate has a place in Islamorada history and is where old Florida charm meets contemporary living. This estate has it all, a fascinating history, privacy, panoramic bay views, protected dockage, extensive tropical landscaping and the perfect location on Upper Matecumbe Key- walking distance to many of Islamoradas best restaurants and a short boat ride Florida Keys Real Estate and Homes For Sale.
CLASSIC ISLAMORADA RETREAT. Breathe in the good life at Penn Key Club! Enjoy this private home, located in an exclusive Bayfront gated community in the heart of Islamorada with pool & boat dockage in a protected boat basin. The lovely Old Florida home offers 3 bedrooms and 3 bathrooms with panoramic views of the open water from every angle. Enjoy magnificent sunsets year-round while relaxing in your living room or the charming sitting area located in the backyard on the open Bay. This offering is Keys living at its finest! Florida Keys Real Estate and Homes For Sale.
Live the Island Lifestyle in this 3 Bedroom, 3.5 Bath home with 2099 Sq Ft of living area, covered porches, roof top deck with bay views, pool with heater, ice maker, hot tub, boat lift and electric gated entry, home generator, impact windows and doors. Offered for sale furnished and with a Golf Cart. Electric car charging station and RV parking on side of home, storage shed, bricked pool deck, and lush landscape and lighting. Call today to schedule your private showing. This may be the piece of paradise youve been looking for! Florida Keys Real Estate and Homes For Sale.
Introducing SAILFISH, a brand new Oceanfront 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.