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.
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.
Desirable Port Antiqua!Beautifully landscaped, nicely appointed, all on one floor living areaLarge covered outdoor entertaining area is pavered and tiled, with built in tables and a bar area, also has an attached garage and foyer entryTwo boat lifts on a wide deep canal, location off main canal allows fast easy access to bay and ocean fishing!Enjoy the beautiful colors of sunset! Fabulous homeowners beach and boat ramp, A real must see! Florida Keys Real Estate and Homes For Sale.
Welcome to The Oasis at Tarpon Basin. The custom electric gate and pavered driveway welcome you to this private bay-front property with over 175 ft. of waterfront. This nicely remodeled 3 bedroom 2 bath home has a split floor plan with open water views from the master suite and one of the other bedrooms. The open floor plan also offers water views from the living/dining areas and kitchen. Florida Keys Real Estate and Homes For Sale.
Breathtaking ocean views! Beachfront CBS home situated on 3/4 of an acre with 2 bedrooms and 2 full bathrooms upstairs and 1 bedroom, 1 full bathroom downstairs. Bordered by preserves and lush landscaping provides privacy. Property features a sandy beach, wood dock for shallow water boats and private buoy for larger boats. Property maintains its original condition. Florida Keys Real Estate and Homes For Sale.
Boaters Dream House offering concrete 100 foot dock with davits. 2 bedroom 2 bathroom up, custom kitchen with teak cabinets, granite breakfast bar, gas stove. Great outdoor living with pool and tiki hut. Custom barbecue area. First floor Guest quarters with 2 bedrooms and one bath. Additional office area and plenty of storage. Florida Keys Real Estate and Homes For Sale.
Open Oceanfront 5BA/5.5BA Point estate with dockage, pool, new interior finishes and the privacy of living on your own peninsula with water on 3 sides. Expansive 5020 sq.ft. home was beautifully remodeled in 2012 to embrace the wrap-around ocean views. The open water view extends down the entire side of the kitchen, wraps around both sides of the living room and continues to the dining area, game area, and full bar with wine cooler, ice maker and under bar refrigerator. Dockage for two or more boats on a protected L-shaped concrete dock with davits on one side plus dockside power/water. Must see to appreciate! 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.
This charming and impeccable Key West style home, located in one of the most desirable Islamorada locations,offers stunning bay views. Exquisite design with private master suite on top floor. Vast screened porch overlooks the Bay. Keep your skiff or bay boat right at the dock and your larger vessel at the Marina (slip #55, 900 feet away from front door). Immediate access to Ocean via Snake Creek. Florida Keys Real Estate and Homes For Sale.
Brand new luxury waterfront home with dockage! A rare find in the Keys... new solid poured concrete 4,500 sf home getting its finishing touches now. Be the first to live in this stunning custom 5/4 home with a two-story central great room, central gas fireplace and 7-zone a/c for maximum efficiency and comfort. Dock is on an L (40 + 30) with immediate ocean access and a quick turn under the bridge for easy bay access. Enjoy ocean views down the canal and bay view sunsets from the front balcony and rooftop deck! Gourmet kitchen with gas stovetop and stainless Viking appliances. Elevator, impact windows, billiard room, wet bar, expansive 4-car garage with workshop space & so much more! Price includes pool and landscaping. Call now to customize the final finishes for you and your family. Florida Keys Real Estate and Homes For Sale.
This spectacular open water estate on a point lot in Cudjoe Gardens is a 5 bedroom 3 bath pool home with 200 feet of dockage. Soaring 20 foot ceilings in the main living area that opens to the screened pool deck. 3 of the 5 bedrooms have court yard access to the pool deck with their own covered porches. There is also a separate rear sundeck and covered bar for your evening sunsets. Spacious 2 car garage, boat lift, kayak or pwc dock. Superior design and construction with some of the best ocean access in the Keys. Elegant oceanside living at its best. See tour of home. Florida Keys Real Estate and Homes For Sale.
Ocean Front PLANTATION SHORES IN TAVERNIER! Custom built CBS home by a premier builder, architecturally designed Great room features an Island kitchen, 3 en suite bedrooms, a pitched concrete roof that creates a frame for the breathtaking views of the Atlantic as you enter the home. Panoramic ocean views from the entire east side living and porches provides serenity and ocean breezes every day. Florida Keys Real Estate and Homes For Sale.
One of a kind properties live and work in Paradise.Currently operated as a vacation rental business,or private family estate. 2 buildings,4 rentals units with 7 beds and managers apartment. Perfect for redevelopment 7 single family homes and boats slips. 1.14 acres and 118of deep water protected dockage. 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.
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.
Florida Keys Real Estate and Homes For Sale.
Here is your chance to own 150, yes, that one hundred and fifty feet of canal frontage just 9 lots in from the bay in desirable Indian Waterways at MM 89 on Plantation Key. The existing structure gives you an easy building permit to replace the structure with your piece of Paradise. Expand on the second buildable lot for your guest house, pool or garage. The possibilities are endless. New concrete dock on lot 20 with a cut in boat slip. Existing dock on lot 19 includes davit pads with water and electric tapped in. There is a cut through on lot 19 from street to canal and the vegetation survey has been done. The drawing is under documents. Florida Keys Real Estate and Homes For Sale.
Stunning ocean views from this solidly built, recently updated & professionally decorated, oceanfront home in Tavernier. Light & airy, the open floor plan affords endless ocean views from the living room, kitchen & dining. The main level offers a second master & guest bedroom. The master suite & office encompasses the entire top floor, including a roof top deck. Downstairs entertainment area with a full bar (bar top salvaged from an old Key West tavern) that overlooks the ocean. 63 feet of protected dock with boat lift, davits, 2 garages, 2 carports. All concrete construction including the roof, impact windows plus accordion shutters. Low maintenance yard is fully walled, brick paver drive with an electric gate for a beautiful estate entrance. Views AND protected dockage - a rare find! Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
3 bedroom + convertible den/3.5 baths. Currently being done on the interior. Exterior has been completed including deck, pool, and first floor area. It has 60 of dockage, boat ramp & a boat lift that can accommodate up to a 33 boat. Includes a playground set for kids. Florida Keys Real Estate and Homes For Sale.
PLEASE JOIN US SATURDAY JULY 15Th FROM NOON UNTIL 3 PM FOR AN OPEN HOUSE EVENT! Custom 4 bedroom 4 bath pool home built in 2005 with 100 feet of concrete dock located on Millionaires Row, The Adams Cut Waterway. Solid concrete construction, all above flood in an X flood zone. Luxury elevator, extensive use of genuine Keystone, high end finishes throughout. Large chefs kitchen with sit up bar, granite and stainless kitchen. Enormous master suite with mezzanine lounge. Florida Keys Real Estate and Homes For Sale.
Oceanfront 4 bedroom completed residence on Lot #8 with private pool and adjacent vacant Lot #7 including a residential building right. Open water Atlantic Ocean Views. Entire property is gated and common areas include tennis and dock. Prime location in the heart of Islamorada. Walk or bike to restaurants, art galleries, shopping. World-class fishing, diving, kayaking, paddle boarding. 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.
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.
VENETIAN SHORES ELEGANCE! This newer construction custom built home offers over 2,900 sf of living space featuring a gourmet kitchen with top of the line appliances incl. a gas stove & grocery lift, nice open floor plan for entertaining, soaring ceilings, expansive porch overlooking the waterfront, grand master ste, office/3rd bedroom, downstairs guest quarters,w/room to expand, MOTIVATED sellers Florida Keys Real Estate and Homes For Sale.