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.
PRESTIGIOUS VENETIAN SHORES is offering a spacious CONCRETE 5bd/3ba home with 100 of DEEP-WATER DOCKAGE and immediate ocean/bay access. Separate 2 bedroom living quarters downstairs. Take in the relaxing breeze on the screened-in porch. This property allows you to enjoy the FL Keys Lifestyle in pure comfort! 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.
Soon to be completed! 4Bd/4.5Ba CBS 3 Story canal home on Plantation Key. Easy Ocean access Via nearby Tavernier Creek or Snake Creek. 3rd floor has M. bedroom suite also guest bedroom & bath. 2nd level w Kitchen, Dining & Laundry 1/2 Bath & Bedroom & Bath. Ground level Bedroom & Bath with Huge Garage. Elevator to all floors. 60 of Dockage. Florida Keys Real Estate and Homes For Sale.
Custom CBS Waterfront estate home with Ocean views has over 4400 sq. ft. of living space with 5BR, 5.5BA and 2 main living levels accessible with an elevator. The grand entrance with wrought iron railings takes you to the Great Room where families can enjoy the gourmet chefs kitchen with hardwood cabinets, SS appliances and wide terraces perfect for taking in the beautiful ocean views and breezes Florida Keys Real Estate and Homes For Sale.
Robinson Crusoe, Ritz & Gilligans place all rolled into one w/ major dockage for all your vessels & water toys, gorgeous pool, privacy, immediate ocean access, modern & spacious w/room to spare for incredible indoor & outdoor living & entertaining right in the Village of Islamorada on Lower Matecumbe. Words are hard to come by to describe this Keys. COme see for yourself. Call for appointment! 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.
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.
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.
The Beach house at Tarpon Point is brand new and as aptly named overlooks the beach area and ocean. Tucked away you will find this spacious 4 bedroom, 4.5 bath home with three stories of living and TWO living areas. Main living room overlooking the ocean and beach and the family room has a wet bar with wine fridge and libations storage. In between you will find a gourmet chefs kitchen with Florida Keys Real Estate and Homes For Sale.
Fantastic development opportunity in the heart of Islamorada, Florida Keys! One-of-a-kind waterfront site with over 300 feet of walk-in sandy beach, panoramic views nestled in this most sought after, private serene Island Life setting. Perfect for a family compound or residential development, this hidden gem reveals a unique Houseboat which can become the home of your dreams. 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.
COME HOME TO TURTLE KEY! THIS NEW OFFERING IS ONE THAT YOU WILL FALL IN LOVE WITH. COMBINING A MULTITUDE OF USES, THIS ENCLAVE OF 5 COTTAGES HAS BEEN REFRESHED AND RESTORED TO ENHANCE THE KEYS CHARM.LEATHERBACK COTTAGE HAS 2 BR, 2 BTHS UPSTAIRS AND 1 BR, 1 BTH DOWN OVERLOOKING THE OCEAN AND BOAT BASIN. GREEN COTTAGE HAS 2BR,1BTH OVERLOOKING THE NEW POOL, BOAT BASIN, AND OCEAN... Florida Keys Real Estate and Homes For Sale.
Truly Unique! In Islamorada,a Mediterranean style residence featuring a private boat basin expandable for a large boat, elegant pool and waterfall spa with entertaining bar area. This 4 bedroom 3 bath home boasts an open floor plan, with a beautiful gourmet chefs kitchen, lovely sitting areas overlooking the water, lower level guest quarters. Awesome location, with instant bay and ocean access. Florida Keys Real Estate and Homes For Sale.
Brand new construction! This oceanfront home is stunning! The Tarpon Point community is gated and lushly landscaped with amenities such as oceanfront pool, beach, dockage and full service all home generators. This spacious 4 bedroom 4 bath home also comes with an elevator giving access to all floors of the home. The kitchen is equipped with high end, stainless steel appliances Florida Keys Real Estate and Homes For Sale.
Islamorada Venetian Shores luxury waterfront 5BD/5BA with 100 dock and boat lift, custom pool with spa and waterfall, elevator & private master suite on the 3rd floor. Instant big boat access to both the ocean and bay from 100 wide, deep canal. Spacious home offers over 5,000 sf including porches, separate guest quarters and garage. Security system, brick drive, impact glass, landscaping & more! 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.
Private, tropical paradise home located in the beautiful Florida Keys has 568 feet of waterfront, open water views, and personal sunsets. Surrounded on three sides by water, this 3872 SF luxurious home has 4 bedrooms, 4.5 baths and a 6-car garage with lighted porte cochere. Chefs kitchen with large island breakfast bar and the open floor plan makes entertaining easy. Florida Keys Real Estate and Homes For Sale.
One of the most unique properties in the Upper Keys. Boasting an 8 car garage and 100 ft of deep-water dockage, this exquisite, pre-firm estate has been completely remodeled by the areas best builder, and no expense was spared. As you arrive, the paved, large circular driveway grants plenty of parking. At ground level, the foyer provides guests with their choice of a staircase or an elevator to Florida Keys Real Estate and Homes For Sale.
The ocean is calling you from Tarpon Point, an exclusive enclave of 12 oceanfront residences. Designed to meet the ultra-high standards of the developers, this exceptional home allows for the most advanced building techniques to include a full home generator. Spacious four-bedroom, four-bath home with elevator, top of the line kitchen to include a Wolf gas stove and sub zero refrigerator Florida Keys Real Estate and Homes For Sale.
Situated on the corner of the spectacular Atlantic Ocean and the tranquil waters of Tavernier Creek, this private gated point lot property boasts vast open water views while offering expansive protected dockage with 2 boat lifts. The main house has an elevator (3 floors) or stairs leading to the first living level with a centrally located island kitchen, dining area, office and great room with Florida Keys Real Estate and Homes For Sale.
Boaters dream home in Venetian Shores! This property sits one in from Snake Creek, and includes a 100 Ft dock with a 17,000 lb boat lift, davits, 50 and 30amp shore power that can accomodate large fishing vessels. This magnificent home with 2 bdrm, 2 bath up and full 1/1 legal downstairs for your captain or guests, has been completely updated. Vaulted ceilings, and built-in closets.Entertain from Florida Keys Real Estate and Homes For Sale.
Beautiful Port Largo home. This gated property is where you will find a sprawling 5 bedroom, 3 bath CBS home with a pool & deep water dockage. Lovely formal entry foyer with stairway leading to the second level living area, a cooks kitchen updated with wood cabinet fronted appliances, Sub-Zero Refrigerator and Aga gas stove. This second level also has 3 spacious bedrooms and Florida Keys Real Estate and Homes For Sale.
This is a fabulous home located central to everything Tavernier has to offer. CBS newly reconstructed home with 95 feet of concrete dockage with a brand new 20,000 lb. lift, cleaning station, 50 amp service plus water. Empties directly into Tavernier Creek for access to both ocean and bay. heated in ground pool with new heater just installed. lots of great tropical landscaping surrounds the proper 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.