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 dream! Double lot, double seawall 175 deep-water canal with two boat lifts 12K lb and 7K lb and one 1,500 lb jet ski lift! In the heart of desirable Key Colony Beach minutes from the Atlantic and the Gulf, this DSign Source family home has 2,400SF of living. The adjacent lot has a salt pool with seats, 2 cabanas complete with kitchenette, bathroom, gas grill, covered lounging area with surround sound. This tropical oasis safely boasts hurricane protection roll down shutters, two-car garage, mosquito control, low voltage security system, high ceilings, cedar closets, upgraded AC, and a built-in generator. Look no further than this one-of-a-kind island retreat, ideal for boaters, fishermen and relaxation. Or if you fancy a motor home, there is electric hookups for one on property. Florida Keys Real Estate and Homes For Sale.
Oceans Two - Florida Keys oceanfront luxury: If a change in latitude / attitude is on your agenda, SE Florida wouldundoubtedly command a priority position. Location is Key, given a common objective of Best of Both Worlds - Oceanfront Island Living, with Easy Drive/Boat Access to Miami.The demands defined its unique location and design criteria: Easy Access to Miami; Expansive ( 270 feet ) Ocean Frontage with views to the horizon; Deep Water Canal Dockage with Direct Ocean Access; Short Cruise to the Bahama Islands; Renowned Ocean and Flats Fishing; Swimming and snorkeling the famous John Pennecamp Reefs (in sight of property); Privacy / Tranquility / Security / City Services; Luxurious Two Home Architecture Florida Keys Real Estate and Homes For Sale.
This truly unique property with 151 of Bayfront in prestigious Buccaneer Point makes entertaining twice as easy with 2 docks, 2 boatlifts, on 2 lots with 2 sets of bay views from 2 locations. The main home offers 3 bedrooms/3 ensuite baths, cathedral ceilings and open floor plan that allows endless views of the Florida Bay from virtually every room. Lounge by the pool and summer kitchen with 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.
GORGEOUS UPDATED 3/2 WATERFRONT HOME IN PLANTATION KEY COLONY. THIS HOME UNDERWENT A FULL RENO IN 2018. THE HOME HAS BEAUTIFUL CATHEDRAL CEILINGS, BRAND NEW METAL ROOF, FULL CBS CONSTRUCTION, IMPACT WINDOWS & DOORS, BEAUTIFUL HIGH END KITCHEN W/ JENN AIR APPLIANCES & MARBLE AND QUARTZ FINISHES. THE RENO TOOK THE HOME DOWN TO THE SLAB AND BLOCK. EVERYTHING INCLUDING THE PLUMBING AND ELECTRIC IS BRAND NEW. BEHIND THE HOME IS A 50 MARBLE DOCK W/ POWER & WATER AND THERE IS A BEAUTIFUL FRONT PORCH AND PATIO AREA. THE HOME IS LOCATED IN A GREAT BAY FRONT COMMUNITY WITH OWNERS PARK AND BOAT RAMP FOR JUST $150 PER YEAR MAINT. THE CANAL IS JUST SOUTH OF TAVERNIER CREEK W/ GREAT BAY & OCEAN ACCESS. NEAR LOTS OF GREAT RESTAURANTS. LOT IS 125 X 50 WITH PLENTY OF PARKING FOR VEHICLES AND TRAILERS Florida Keys Real Estate and Homes For Sale.
This 3 bedroom/2bath home offers a large open floor plan, an abundance of glass sliding doors, and expansive porches for endless entertaining in an island setting. With 70 feet of protected dockage, this refuge has panoramic views of the canal overlooking a private nature preserve. Deep water dockage with direct bay and ocean access complete this home. Florida Keys Real Estate and Homes For Sale.
A sought-after end unit with grand views of the Florida Bay and spectacular sunsets, in the private gated community of Tarpon Flats in the heart of Islamorada. This is a fully furnished 3 bedroom + loft, 3 bath home on 2 levels over lots of covered parking and storage space. A spacious and private master suite with bay front balcony and extraordinary views occupies the top floor. Florida Keys Real Estate and Homes For Sale.
Need a place to Dock your Yacht! Solid Concrete Home with 100 ft. of Dock! This beautiful home offers a nice open floor plan with 2 bedrooms & 2 bathrooms on the main level, and a 1 bedroom, 1 bathroom apartment downstairs featuring a large covered patio, enormous concrete pool, 100 ft. of dock, elevator, storage, and plenty of parking. Located on a very desirable street in Venetian Shores with direct ocean &- bay access! Florida Keys Real Estate and Homes For Sale.
Luxury Waterfront Islamorada Pool Home with Dockage & Elevator! This well-built custom 4BD/4BA was meticulously constructed with high-end finishes and artistic one-of-a-kind touches that make this waterfront home truly unique. The spacious 3,365 sf concrete home is privately gated and offers all impact windows and doors on 3 separate living levels with both interior central stairs and an elevator. Theres also a large integrated garage with extra storage space for toys. Desirable Kahiki Harbor neighborhood provides direct boating access to the ocean and bay via Tavernier Creek for the best boating in the Keys. Designed by David Harum, this distinctive home is a must see! Florida Keys Real Estate and Homes For Sale.
BOATERS DREAM in PREMIER VENETIAN SHORES! Spacious and well-maintained SOLID CONCRETE home offering 3bd/3ba, legal downstairs living quarters. Relax POOLSIDE in a custom concrete pool with spa! 70 of concrete DEEP-WATER DOCKAGE and 100 wide canal! Immediate ocean and bay access through Snake Creek! Florida Keys Real Estate and Homes For Sale.
This Port Antigua home has an open floor plan, high ceilings, granite counter tops and a wonderful layout! With travertine marble floors throughout, this tastefully finished home, is ready for a new family to enjoy. 3 Bedrooms and 2 baths on the main living level with another bedroom and bath on the ground level. The downstairs is above flood and permitted, making this a large home for guests and extended family to share! The backyard is accented with pavers and leads to the 60 ft. concrete dock with a 20,000 lb. boatlift. The carport and garage give protected storage for golf carts, jet skis, etc. The Port Antigua neighborhood offers a beautiful sandy beach with tiki huts and BBQ grills for property owners as well as a boat ramp within the community. Florida Keys Real Estate and Homes For Sale.
Stunning waterfront home barely used and offered furnished ready for immediate enjoyment! Three story concrete home, metal roof, impact windows/doors, double carport, interior staircase, four ensuites, expansive porches, open living, granite counters, travertine floors, custom kitchen, laundry room, so much more. Everything in impeccable condition in this bright and open residence. 65 feet of waterfront with 40ft concrete dock, ready for boat lift. Deep water access, excellent for large boats. Enjoy the ammenities of the Port Antigua sugar sand beach and boat ramp. Florida Keys Real Estate and Homes For Sale.
PLENTY OF ROOM FOR YOUR YACHT WITH 140FT. OF DOCKAGE! This ultra modern home with exceptional architecture features a gorgeous open floor plan with expansive windows on all levels, beautiful open kitchen with Bosh & Sub Zero stainless steel appliances. The first level includes a large open room/bedroom, full bathroom & a laundry room. The 2nd level features an open kitchen & great room with a powder room and a large waterfront master suite. The 3rd level has a bedroom/office & a full bathroom including an outdoor bar overlooking the pristine waterway. Located on 2 lots with 140ft. of dockage with 2 boat lifts, a cut in boat slip, and 2 car garage with a large tackle room. Located in beautiful Venetian Shores with immediate bay & ocean access. This home truly has it all! Florida Keys Real Estate and Homes For Sale.
Custom Built Home with room for family and all your water toys just 30 minutes from Miami. Concrete Building with a concrete roof and 60 ft. of concrete dock with davits for your boat, built in 2006. Luxury abounds you in this home. A Concrete Bunker in The Florida Keys. Gourmet kitchen with stainless steel appliances, Granite countertops, wine cooler, Marble floors and Marble tiled bathrooms throughout this home. Privacy wall and fencing with lush landscaping surrounds your private entertainment area on the canal. Enjoy Sunset Celebrations over the horizon. Truly a remarkable home you wont want to miss. Room to add a pool. Must see this home to appreciate. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
This custom built concrete home in Old Tavernier was creatively designed to showcase the breathtaking panoramic ocean view. The open concept floor plan on the main floor is great for entertaining; you can choose to dine alfresco on the large veranda or in the ocean view dining room. The main floor also boasts a chefs kitchen, 2 bedrooms and 1 bath. On the third floor you will find a private oasis; the expansive master suite is equipped with an oceanfront whirlpool tub perfect for a relaxing evening. Step into the backyard where you will find a large sandy beach to launch your kayak and paddleboard as well as a new 1,020 sq ft composite dock and 12,000 lb boatlift; everything you need to enjoy the Florida Keys lifestyle! Florida Keys Real Estate and Homes For Sale.
Endless Summers--is set amongst lush native foliage, surrounded by over 10 acres, offering unparalleled privacy, with a sandy beach, and stunning ocean views. This large must-see custom built concrete home is situated on a private gated peninsula. After meandering down the winding driveway, one is impressed by this uniquely designed home suited for a large family and designed with guests and ease of entertaining in mind. This house offers the unique natural setting that celebrates the nature and wildlife of the Keys. Enjoy the quiet solitude while practicing yoga on the beach or soaking up the energy from sunrises and sunsets from the roof top pool deck offering incredible privacy and views. This house would also be suitable for two families to share. Designed with the capability of being 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.
Florida Keys Real Estate and Homes For Sale.
This gated ocean front estate is situated on over 2 acres cocooned by lush tropical gardens and features an old Chicago reclaimed brick circular driveway.The grand home offers a stately open living area and gourmet kitchen with 2 islands, offering Patagonia granite countertops, seats 8, and top-of-the line appliances. 3 private guests bedrooms each features spacious balconies and outdoor showers.The enduring master suite offers walls of closets,ocean media sitting area, a gorgeous master bath & private shower. The third floor home office features a wet bar &outdoor porch with open water views.The inviting outdoor covered living area is perfect for entertaining and includes well over 2500 sq ft with custom custom counter tops.The relaxing large sundeck surrounds the sparkling heated Florida Keys Real Estate and Homes For Sale.
Architecturally inspired by Italian Old World charm, this modern Mediterranean oceanfront estate is situated on a peninsula on the Atlantic Ocean in exclusive Ocean Cay, Key Largo. This luxurious estate home, on over 13,000 sq. ft. of ocean front land features ultimate privacy with superior CBS construction, a four car garage, electric shutters, electric gates, elevator, 5 central AC units and over 5500 square feet of living space on 3 levels. Majestic palms and the grand mahogany doors invite you into this four bedroom, five bath estate home filled with an abundance of natural light. Florida Keys Real Estate and Homes For Sale.
Dolphin Point is your private beach resort. The beautifully landscaped beachfront location and gracious interiors create a feeling of barefoot elegance. The open floor plan combines the living, dining and kitchen areas and opens to a large porch overlooking the ocean with clear views of Alligator Reef Lighthouse. The vaulted tongue and groove ceiling adds to the tropical ambiance. The 3rd floor master suite has spectacular ocean views and vaulted ceilings as well as a large walk in closet. A second master suite, 2 guest bedrooms and a den or office are located on the main living level. Spacious porches open to views of your beach and the ocean beyond while gracious stairs lead you to the shaded sitting area, fire pit and hammocks for enjoying sunset reflections or views of the stars. 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 legal 1bd/1ba down with workshop. Inviting deck off living area to enjoy the wonderful oceanviews and beautiful sunrises! Beautiful pool, Electric gated entrance, 90 of concrete dockage and boat lift. Florida Keys Real Estate and Homes For Sale.
Nestled in one of Key Largos best neighborhoods this Bay front property sits on almost half an acre of land with beautiful sunset views. Enjoy Florida Bay and a private beach as your back yard. The home was completely renovated by the current owners who opened up the floor plan, enclosed a porch, added office spaces and a sun room, and redid the plumbing and electric, adding solar hot water too. A Level 2 Tesla charger and Twelve Big Ass (brand name) fans were recently added. The original owner over-engineered the home with massive concrete slabs and beams. Florida Keys Real Estate and Homes For Sale.