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.
OVERSIZED PROPERTY ON MILLIONAIRES ROW. Beautiful home on three lots on the World Famous Adams Cut Waterway. 150 feet on the water! Rare cut in boat slip and concrete dock. 4 bedrooms & 2 baths, vaulted ceilings, open floor plan, celestory windows, newer metal roof, wrap around screened porches, separate garage and workshop. Nature and privacy.No flood zone w/ ground floor living, 1 Hr. to MIA. 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.
WORLD CLASS Large Luxury waterfront pool home. Every bell and whistle, Marble and Cherry wood floors, Italian wood cabinetry, granite counters, Stainless appliances, European style modern Luxury. Solid Concrete Construction, Oversized bedrooms, large closets, metal roof and all impact glass throughout. 4 bed 4bath + Master suite with private lounge .Luxury elevator. 45 minutes to MIA. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Open ocean views! Enter into the living room & you are awash in ocean views. Sliding glass doors across the living, dining & master bedroom facing right out to the ocean. Full open patio across the length of the house also enjoying open views. 140 + of concrete dock with davits. All concrete home including roof. Light, bright and offering a split floor plan with each bed/bath on opposite sides. Florida Keys Real Estate and Homes For Sale.
Fabulous Bay Front Home. This home has it all ! Custom built w/ great attention to details. Open living concept w/ Great Room including living room, kitchen and dining area all opening up to a captivating screen porch over looking the Bay w/ spectacular views. Gorgeous sunsets! Top quality throughout. 4 bedrooms, 41/2 baths plus workout / office bonus room. Marble and wood floors. 3 stop elevator Florida Keys Real Estate and Homes For Sale.
Cul De Sac Location w/two sides of excellent deep water dockage for power or sail on Hurricane Creek is where youll find this CBS point lot home. 2 bedrooms 2 baths upstairs w/rec & storage & bath on ground level, garage & additional storage room plus car port too! Upgraded kitchen w/granite & stainless, split floor plan, vaulted ceilings, huge balconies on front & back for outside entertaining 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.
Rare offering in Port Largo with this British West Indies inspired custom designed waterfront home. Featuring two separate living areas, formal dining room, 4 bedrooms, 3 en suite baths, master jacuzzi tub with seamless showers, and teak indoor bar. Chef inspired custom cherry hardwood kitchen is equipped with gas, top of the line SS appliances, granite island, wine cooler and large laundry room. 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.
Stunning new oceanfront home - This custom home has it all - 4 bedrooms and 4 baths with an elevator. The views are incredible from inside the home or from one of your oceanfront terraces with porcelain wood plank flooring. Custom construction and finishes throughout - the kitchen has Wolf stainless appliances, stone counter tops, and woodmode cabinetry. Florida Keys Real Estate and Homes For Sale.
8 development rights on this bay front compound currently offering 7 residences comprised of 2 duplexes & 3 homes on over 1.5acres of prime Bay Front Islamorada real estate. Immediate back country & offshore access. Dockage for multiple vessels from large to small. Lifts, davits & ramp. Bay front pool & pavilion. Gated & fenced, paved drive. Perfect for redevelopment, residence or income. Florida Keys Real Estate and Homes For Sale.
Enter the grand foyer to this picturesque CBS Bayfront residence located on Point Pleasant in South Key Largo, and youll see endless bay views with bamboo palms framing the breathtaking panoramic views of this estate home. This stunning 4BR, 3BA home boasts a granite island kitchen with SS appliances, wine chiller, wet bar and butlers pantry in over 3,600 sq. ft. of living space on 3 levels. Florida Keys Real Estate and Homes For Sale.
OCEANS EDGEWake up to amazing sunrises on this direct oceanfront property on Lower Matecumbe Key. The lush, tropical setting offers 80 feet of sandy beach and a wooden pier into the crystal blue waters - perfect for swimming or launching your kayak or stand-up paddle board. A mooring buoy approximately 150 feet off the pier can accommodate a larger vessel. In addition, the private Florida Keys Real Estate and Homes For Sale.
ULTIMATE PRIVACY! 425 ft of ocean frontage with 2.3 acres of land! Magnificent panoramic ocean views! Gorgeous home has spacious living room, great room, 2 large bedroom suites, plus an enormous master suite, tiled throughout, large maple and granite kitchen, elevator ready, 8 ft doors, 5 spectacular open porches with forever ocean views, 2 large carports and enclosed storage. Fully furnished! Florida Keys Real Estate and Homes For Sale.
Timeless Jewel on the OceanRare opportunity to own an oceanfront extraordinary home and be able to have deep water dockage for your yacht at your door. The moment you walk in the front door of this modern masterpiece you will mesmerized by the ocean views and Zen ambiance. This Ocean Cay home was thoughtfully designed by the owner architect to combine contemporary designs, vast windows and 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.
Best Boating in the Keys! Desireable Venetian Shores 4 bed / 3 bath home with immediate ocean and bay access via Snake Creek from a 70-foot concrete dock with davits on a 100-foot wide canal. This solid-built concrete home offers a 3/2 upstairs with open kitchen, Florida room, and gorgeous porch. Roof Garden for entertainment.Legal downstairs AptOwner/Agent Florida Keys Real Estate and Homes For Sale.
LIVE IN THE SUNSHINE, SWIM IN THE BAY! Bayfront home in Islamorada on Plantation Key cul-de-sac offering 2B/2B on upper levels, 1B/1B nonconforming apt/storage area, open water views from living room, kitchen, dining room, 3rd floor master suite, covered patios & elevated spa plus gated & fenced entry, garage/carports and deep-water dockage. If sunset is your favorite color, look no further Florida Keys Real Estate and Homes For Sale.
This open concept home in Treasure Harbor surrounds the elevated pool with 5 sets of sliding glass doors to the living areas and master bedroom. Located on the wide harbor you have protected dockage and privacy. The upper level has the open living areas and 2 bedrooms and 2 baths and is accessed with interior stairs. The downstairs has a permitted bath and enclosure which is used as a bedroom. Florida Keys Real Estate and Homes For Sale.
BIRD WATCHERS HAVEN! Enjoy the beautiful open water views overlooking John Pennekamp State Park from this private gated custom built concrete home offering 4 bdrms, 3 bthrms, powder rm, marble & stainless kitchen, expansive porches, beautiful waterfront pool, recreation area, floating dock, 4,000 lb. crane lift,gorgeous landscaping, paver driveway, roof top deck, elevator, Motivated Seller! Florida Keys Real Estate and Homes For Sale.
Buccaneer Point Beauty! You will fall in love with the unobstructed views and sunsets over Florida Bay! Present owners have meticulously maintained this home so that you can move in and relax and enjoy the pool, dock, boat lifts and gorgeous open living space and fabulous kitchen. Vaulted ceilings and a wall of windows bring the outside in for comfortable Florida Keys living at its best! 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.
Private and gated, this exquisite long-driveway Oceanfront Estate with over 450 waterfrontage & deep water dockage, set on over 6 acres including bay bottom is offered for the first time in decades. Pristine beachfront cabin with wide water views from the oceanfront porch built in the 1930s with additions in 2005-06. Three bedrooms, three baths, outside shower, garage, downstairs storage. Florida Keys Real Estate and Homes For Sale.