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.
Exquisitely Designed Brand New Construction. Located on lower Matecumbe mm76 Islamorada 3 bedrooms 3.5 baths poured concrete home.Views of Ocean and Gulf from upper floors.Home features many extras not easily found in the Keys.Huge owner's suite and bath area. Open terraces,pool,billiard parlor, den,gathering room,exercise room and garage for four cars.Buyer will be able to choose personal finishe Florida Keys Real Estate and Homes For Sale.
Private Bay Front community! Seven Acres. Concrete home with cut in boat slip on deep water canal. 2 car garage. Concrete Roof, Huge kitchen with newer cabinets and granite tops. Davit boat lifts, Huge shade trees. Just north of Tavernier and Hammer Point. Florida Keys Real Estate and Homes For Sale.
SPLASH-- into this delightfully tropical canalfront pool home. Located on the ocean side with direct ocean access mere minutes from your concrete dock. Boaters will love the option of davits and a boat lift. Enjoy a refreshing swim in your own in-ground, heated pool enhanced with a spill-over spa. House was built in 2003, with 3 bedrooms, 2 baths upstairs and a guestroom with a full bath Florida Keys Real Estate and Homes For Sale.
Beautiful canal front home in Venetian Shores, easy boating access to bay or ocean via Snake Creek. Approximately 98' of canal front with 14,000lb boat lift, a pair of boat davits, and 1 jet ski lift. In-ground pool with dolphin fountain and above ground spa. Nicely landscaped grounds and large outdoor area with built-in grill. Great re-modeled kitchen & living area, partially furnished. Florida Keys Real Estate and Homes For Sale.
Oceanfront estate on desired Old Highway. Great ocean views, and gracious, island-style home currently has 5 bedrooms & 5.5 baths. Sandy beach and Beautiful double slide pool with waterfall and spacious outdoor entertaining area. Gated entry, paver driveway. Construction has just started on the addition of a new master suite, guest room. Price is for current phase of construction. Florida Keys Real Estate and Homes For Sale.
Direct Open Water Ocean front residence with 5 bedrooms 4 baths on Lower Matecumbe in Islamorada. 2 lane lap pool, incredible sandy beach, garage and extra covered parking, elevator, granite kitchen with stainless appliances, vaulted ceiling, formal entrance foyer, tropical grounds, gated entrance, close to all Islamorada has to offer! Call today for appointment! Florida Keys Real Estate and Homes For Sale.
GREAT LOT!- Private, quiet 3 bedroom 2 bath CBS home tucked away in the trees. Garage with room for storage. Master has its own private bath and water views. Outdoor terrace in back lets you enjoy the evenings relaxing or entertaining. Back yard has a lot of space for pool and still plenty of room to store your water toys. Parking is never an issue. Florida Keys Real Estate and Homes For Sale.
Magnificent direct bay front home with deepwater dockage, swimming pool & spa. Professionally landscaped and offers maintenance free artificial grass. This stunning home has cathedral ceilings, large living area great for entertaining, magnificent open water views and a separate downstairs guest quarters that is conforming. This is an all concrete home with a concrete roof that has been Florida Keys Real Estate and Homes For Sale.
Boater's Delight! Great 3 bedroom 3 bath home,solid concrete construction, spacious open floor plan, elevator, upper level has 2 bedrooms and 2 baths plus office, great for entertaining, lower level has 1 bedroom 1 bath guest quarters! 70' of deepwater dockage, offering immediate access to ocean and bay via snake creek! Plenty of storage for all of your water toys! Florida Keys Real Estate and Homes For Sale.
Year round Sunset Views! This custom, private and gated estate home has spectacular Bay views from the moment you enter the property. This luxury residence is comprised of over 2300 sq ft. of living space in an open floor plan featuring a bay side grand master suite and 2 private guest rooms. Architecturally designed with a fireplace in the great room, and cathedral tongue and groove ceilings Florida Keys Real Estate and Homes For Sale.
Tropical Island Pool Home! Gracious & spacious, several entertainment areas inside & out. Paved poolside deck with bar, gazebos & shady porches. Travertine floors, custom wood cabinetry & granite. Great open floor plan, high ceilings, 4/2 on one level, no stairs to climb. Separate private 1/1 up. Circular brick driveway, garage, gated & fenced. 75ft concrete deep water dock, boat lift and Davits. Florida Keys Real Estate and Homes For Sale.
Ocean Front Estate 2 story CBS home with Old Florida charm located between Key Largo and Ocean Reef on over 2 acres, has over 500 feet of direct ocean front, and panoramic ocean views from almost every room! Enjoy the private beach, pier, tarpon fishing and large boat basin with a boat lift for docking your boat. This spacious home has 4 BR including a master suite on the main living level. Florida Keys Real Estate and Homes For Sale.
Spectacular Bay Front home with full sunset views and pier docking platform. Desirable upscale neighborhood of luxury homes. 4 generous suites all with private baths and access to massive balconies on the Bay. Private office and laundry. Large gated yard with attached carport and brick pavered driveway, fully landscaped with room for a pool. Storage/rec room w/permitted bath down stairs. Florida Keys Real Estate and Homes For Sale.
Waterfront 4BD/3BA concrete pool home in one of Islamorada's best neighborhoods! Perfect for boating with 60' concrete dock & davits and water/electric at dock. Only a few homes from the open bay. Gorgeous heated pool, large porch, landscaped yard & top deck with open water views. Upstairs 3/2 with separate 1/1 down. Upscale finishes and charming touches! Neighborhood park w/ boat ramp. Florida Keys Real Estate and Homes For Sale.
Without exception, this may be one of the most unique luxury waterfront private enclaves in the Keys. Interconnected living quarters, extraordinary design, decor, construction, location, privacy, dockage, water depth, wind resistance, luxury, storage, multiple garages, beach, camera security, gated entry. The discerning buyer who can have anything they want with the privacy of a pocket estate. Florida Keys Real Estate and Homes For Sale.
BONEFISH GUIDES HAVEN. WATCH THEM POLL ALONG THE SAND BAR. MAGNIFICENT BEACHFRONT WITH ONE OF THE FEW RESIDENTIAL SANDY BEACHES IN THE KEYS. WAKE UP TO SUNRISE OVER THE OCEAN. CATCH THE OCEAN BREEZES AND TURN OFF YOUR A/C. PRIVATE STREET. LOCALS ONLY. SPLIT BEDROOM PLAN LIVING AREA AND OVERLOOKING SCREENED PATIO AND OCEAN. Florida Keys Real Estate and Homes For Sale.
Boating Dream! Desirable Venetian Shores 3 bed/3 bath pool home with immediate ocean AND bay access via Snake Creek, a 14,000 lb. boat lift plus 5,500 lb. davits on a 100 ft. wide canal. This spacious concrete home offers a lushly landscaped pool area, huge top floor master suite and a rooftop sunset deck. Interconnected 17.5kW generator, fishing cleaning station and tackle/workshop room. Florida Keys Real Estate and Homes For Sale.
Priced to sell! Well distributed family home with two master suites, 5 full bathrooms for maximum comfort and separate legal guest apartment make this home ideal for large families. The property offers excellent outdoor entertainment facilities with huge tiki hut, outdoor kitchen, pool and spa all facing the water. Excellent concrete docking with heavy boat lift and direct ocean access. Florida Keys Real Estate and Homes For Sale.
VICTORIAN KEY WEST ELEGANCE IN ISLAMORADA! Meticulously executed blend of both indoor-outdoor appointments provide the ultimate island sanctuary! Custom showcase 3B/4B, Plantation Key, unique point lot where canal meets bay so water views & protected deep-water dockage. Vaulted 2-story ceilings w/gallery, Hemingway-esque dark wood floors, French doors to loggias, infinity edge pool & so much more! Florida Keys Real Estate and Homes For Sale.
From the private picturesque setting, this 6.41 acre bay front estate offers over 12,400 square feet of living space including a main residence and two guest cottages. This estate features charming Key West style architecture, intimate garden courtyards, balconies and spacious patios overlooking a bay front pool/spa with cabana... Florida Keys Real Estate and Homes For Sale.
Brand new CBS stilt 3 bedroom plus den / 3 bath home on canal to be completed February 2016 - Under air living area is 1875 sq ft. This home has a metal roof, pool, garage, and exceptionally high end finishes. Beautiful grey and white marble used throughout all bathrooms, stainless appliances, granite, and spacious kitchen / dining area. Oversized impact windows make this a light and bright home. Florida Keys Real Estate and Homes For Sale.
Casablanca is a premier luxury waterfront family compound, encompassing 2 homes with over 300' of waterfront on the Iconic Marvin D. Adam's Waterway in Key Largo. Lavishly appointed and professionally decorated this custom Victorian architectural masterpiece boasts soaring 30' ceilings offering 7 bedrooms and 6 bathrooms. The main house 5 bedrooms and 3 baths and the guest house offers Florida Keys Real Estate and Homes For Sale.
Beautiful 5/5 custom home with luxury elevator, all high end flooring,bathrooms and kitchen is built for chef. pool and spa on roof the house has more than you could ever want on the water in key largo. Wrap around balconies in every floor. 25,000 lb boat lift included, totaly fenced with Electric gate. Travertine pavers on the entire bottom floor as well. Must use Flamingo Title as closing agent. Florida Keys Real Estate and Homes For Sale.
Tucked away in the exclusive Plantation Lake Estates private and gated community, this 3B/3B, immaculate gem is the perfect island retreat. This impressive, Islamorada garden house is situated in the most tranquil setting with expansive lake-front views from all levels, including the expansive Widow's Walk. Florida Keys Real Estate and Homes For Sale.