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.
Privacy abounds in this beautiful waterfront home with tranquil views sitting on almost a half acre lot! Offering over 3700 square feet of living area in a serene setting with gorgeous views overlooking a wide canal and the native Eagle reserve. The open floor plan features 4BR/ 4.5BA, an office/den, Dade County Pine cathedral ceilings, and an elevator. The beautiful landscaped outdoor area Florida Keys Real Estate and Homes For Sale.
Bay Front community! Private-Gated entrance. Seven Acres Subdivision. 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. 3 full baths, 1 1/2 bath, lots and lots of space!! This home is fantastic! Florida Keys Real Estate and Homes For Sale.
MADEIRA BAY SUNSETS IN ISLAMORADA! Directly situated on Florida Bay, Upper Matecumbe Key in gated enclave offering deep water dockage & common pool for all 8 residences. Custom 4B/3.5B residence, panoramic open water views from all 3 levels, multiple porches to watch year round sunsets, 3rd level master suite, above flood ground level guest quarters, 2 car garage & 16 ft wide dedicated boat slip! Florida Keys Real Estate and Homes For Sale.
1 level 2143 sqft 2 car garage. Hardwood cabinets & doors, crown molding on high ceilings & travertine floors.Sliding glass doors from living room, master and den to screened in pool. key lime, mango and gardenia flourish in the garden. 75 ft of direct ocean deep water yacht dockage & davits. boat house for stuff. Beautiful neighborhood of Port Largo. Walk to Tiki bar,park,stores and banks. Florida Keys Real Estate and Homes For Sale.
A multitude of opportunities arise at this oceanfront property. Existing 2bedroom/2bath home has been adoringly restored with beautiful new pool, spa and deck overlooking the vast green lawn, boat basin, peninsula and sparkling ocean beyond. The Village of Islamorada recognizes 4 single family home building rights and 3,255 square feet of commercial building rights attached to this property. Florida Keys Real Estate and Homes For Sale.
Maison Residences offers a unique, luxury, pre-construction opportunity to purchase in the heart of Islamorada, new construction with elegant, top-of-the-line finishes, including a smart home option. The entrance, pool and beach enhancements are complete, inclusive of a gated entry, 350 ft. private beach with white fine sand, 135 ft. swim & fishing dock, Oasis Lagoon style pool with sun shelf Florida Keys Real Estate and Homes For Sale.
ANCHORS AWEIGH - 140 of deep-water, protected, concrete/paved dockage can be enjoyed at this serenely secluded property with sunset views. It is rare to find two adjoining lots in Venetian Shores with beautiful bay views, and convenient, direct access to Snake Creek. The home was remodeled and enlarged in 2005 and designed to take advantage of magnificent views from every level. Florida Keys Real Estate and Homes For Sale.
Forever sunsets from this bayfront beach house featuring a lovely free-form pool & spa with heater/chiller, and deep water dockage on your own little peninsula extending into Florida Bay. Quintessential island-style casual living, open floor plan and lots of windows to enjoy the spectacular views! Florida Keys Real Estate and Homes For Sale.
Mahogany bay is an exclusive gated compound comprised of four architecturally significant Balinese style homes located on almost five acres of beautiful open bayfront property in Key Largo, Florida. The home is comprised of two guest suites and two masters with unobstructed views to the open bay. Florida Keys Real Estate and Homes For Sale.
Gorgeous Plantation Key Canal home on large basin. Remodeled 2006,open floor plan for easy living. Perfect for large family, plenty of room for entertaining Set up to play with 15,000 lb.boat lift and room for all the water toys. Florida Keys Real Estate and Homes For Sale.
Pristine ocean side canal home in X flood zone. Lovingly updated with high quality finishes throughout including impact glass, metal roof & gorgeous travertine marble flooring. Above flood lower level, fully permitted offering a full bath, bedroom & play room along with a large 1 car a/c garage. Upstairs enjoy cathedral ceilings, lots of light, large master suite & another 2 bedrooms & full bath. Florida Keys Real Estate and Homes For Sale.
Over 125 feet on the bay with expansive views, this 4 bedrooms/3bath home is a waterfront playground. It is tropically landscaped and features a bay front pool with spa, protected deep-water dockage, boat ramp and a 2 car garage. Property has its own private sandy beach and an entertaining beachside chickee. This property is the ultimate in tropical island living Florida Keys Real Estate and Homes For Sale.
Oceanfront elegance can be found in this brand new home. Designed to pamper and impress with the many construction features - 4 bedrooms and 4 baths with three stories of living and an elevator. The views from this house are incredible and on a clear day you can see forever. Gourmet kitchen with stainless steel Wolf Gas stove, sub zero refrigerator Wood mode cabinets and natural stone tops. Florida Keys Real Estate and Homes For Sale.
Oceanfront Estate, Concrete roof, modern brand new 5-bedroom, 5 1/2 bathroom home with large media room, beautiful pool & spa at your back yard with grand open water views. Elevator for your pleasure. Huge master suite on top floor with master bath offering a jacuzzi tub & lots of storage. Walk on your outdoor pier over the open water & enjoy the blue & green colors of the ocean. Motivated seller Florida Keys Real Estate and Homes For Sale.
Extraordinary views compliment this sun drenched oceanfront estate.Home features 5 bedrooms/4baths and is located on two lots capturing over 270 feet on the waterCompletely renovated 2 story home with a gated entry offers a casual living style and is perfect for elegant entertaining.The impressive gardens are surrounded by swaying palms and a two-tiered walk in free formed pool and spa. 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.
Open water getaway directly on Florida Bay with dock & boat lift in desirable Buccaneer Point. Unwind in this charming island-style 3/2 home on an oversized lot with fenced backyard, swim spa and outdoor shower. Kick back on the bayview screen porch or in the large top floor master with bay view balcony. Offset your expenses with repeat rentals! This perfect Keys retreat is only an hour from Miami Florida Keys Real Estate and Homes For Sale.
Canal front home in prestigious Venetian Shores. The open concept kitchen, living & dining areas open to a large screened porch which overlooks the 100ft. wide,deep water canal with direct access to Snake Creek. An interior staircase leads to main living area with 3bd.2ba. and laundry room. The downstairs apartment is 1 bd.1ba with a kitchenette. 70ft concrete dock w/fish cleaning station. Florida Keys Real Estate and Homes For Sale.
Mahogany Bay - Experience the harmonious ambience in this newly constructed Balinese inspired Bay-Front property. Located just 1 hour from Miami, yet a world away, this 4/4 plus Gym/Office home features large bedrooms w/en-suite baths, Gourmet Kitchen w/ SS Appliances, custom cabinetry, relaxed, open and airy living spaces, expansive balconies to enjoy breathtaking sunsets. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Best Boating in the Keys! Desirable Venetian Shores 5 bed/3 bath home with immediate ocean AND bay access via Snake Creek from a concrete dock on a 100 ft. wide canal. Impeccably maintained concrete home offers a 3/2 upstairs with high ceilings, spacious entertaining kitchen and gorgeous master. Downstairs is a separate 2/1 guest quarters, large carport, storage and greenhouse. Must see! 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.
Florida Keys Real Estate and Homes For Sale.
Superb Boating Access Included With This Completely Concrete Move In Ready Home In Venetian Shores. Plenty Of Room To Entertain Your Family & Friends, Private Guest Quarters, Hot Tub, Inside Stairs, Garage, Laundry Room And Large Open Patio To Spend Your Afternoons In Paradise. Bring Your Boat To The 70 Concrete Dock Along With Davits And Start Living The Keys Life. Dont Let This One Get Away ! Florida Keys Real Estate and Homes For Sale.