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.
This brand new contemporary modern and luxurious canal front home built of concrete block structure, concrete roof, impact resistant windows, and garage is located in Key Largo, the first and northernmost of the Florida Keys, is an hour's drive from South Florida's two major airports, and a world away. This 3 bedroom 2 1/2 bathroom home features a bold contemporary architecture with large Florida Keys Real Estate and Homes For Sale.
One of the most beautiful homes in the Florida Keys! Bayfront, gated estate home with protected deep water dockage, heated pool, sunsets, 2 garages, koi pond, exquisite custom design inside and out. 4 bedrooms, 3 and a half baths, elevator, fireplace, 1200 bottle capacity wine cellar, summer kitchen with dumb waiter, cathedral ceilings, fabulous master suite, separate guest wing, veranda... Florida Keys Real Estate and Homes For Sale.
The Parmelee Estate is a well-maintained yet undeveloped Islamorada haven with an island at its center. The 40-acre property is situated on the bayside of Lower Matecumbe Key and is accessed by way of a private road. Owned by the same family since the 1950's , the parcel is ensconced in 4,000 Jamaica Tall and Maypan coconut palms, silver and green buttonwoods and other native plants that the Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Gulf-front compound featuring nine bedrooms and 7 bathrooms. Florida Keys Real Estate and Homes For Sale.
Beautiful Ocean views from this 3 bedroom 3 bathroom contemporary style home. Completely remodeled with over-sized travertine tile in the kitchen and bathrooms. Custom designed kitchen has stainless appliances, 2 double 36' Ariston refrigerator drawers, wine cooler, freezer drawer and ice maker. Property is beautifully landscaped with xeriscape water Florida Keys Real Estate and Homes For Sale.
Exquisite Bay front home...being offered partially furnished. This home will take your breath away! Grand foyer, extensive great room & gourmet kitchen. 4 bdrms, 3.5 baths, private master suite, endless views of the Bay. Property completely fenced & gated with extensive dockage and boat lift. Can accommodate a large vessel as well. Private beach, Fire Pit and much more. Downstairs bonus room. Florida Keys Real Estate and Homes For Sale.
SPACIOUS VENETIAN SHORES waterfront home 100' concrete dock w/davits. 5 bedroom 3 bath CBS home offers Cathedral ceilings, Unique - Open floor plan, 2 eating areas and lg Kitchen and pantry. Separate above flood downstairs includes living area, kitchen and 2 bedrooms. Plenty of room for RV, toys and Pool on this large lot. Deep-water dockage with immediate access to both the Atlantic Ocean Florida Keys Real Estate and Homes For Sale.
: Luxury single family home in beautiful Key Colony Beach, East Facing 3br-2ba, 2 car garage, custom built Aultman home. Storm resistant windows, flat tile roof, beautiful tile floors, custom kitchen & master bath. Built in 2003 w/living area of 1,927 sq. ft. Extra high ceiling w/full crown molding. 50' wood dock w/concrete poles + 15,000 lb. brand new boat lift. READY FOR YOUR RETIREMENT!! Florida Keys Real Estate and Homes For Sale.
Every room has a bay front view!! 2 bedroom/ 2 bath concrete home with concrete roof. Well maintained, fenced, private boat basin w/ 2 docks (70' & 20'); basin has weed gate & aerated; sandy beach w/ easy entrance to bay, screened porch on 2nd level, walk around balconies, roof top deck, marble floors, new appliances, hurricane shutters, mature landscaping, great rental history. Florida Keys Real Estate and Homes For Sale.
Beautiful open bay views, deep water dockage, all concrete home with 2 bedrooms and 2 baths upstairs, 1/1 down. Approx 144' water frontage. Maintaining much of its original character, this property offers opportunity for updating to suit your taste. 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 1930's with additions in 2005-06. Three bedrooms, three baths, outside shower, garage, downstairs storage. Florida Keys Real Estate and Homes For Sale.
BEAUTIFUL OPEN WATER VIEWS FROM THIS BAYFRONT TRI-LEVEL BEAUTY well-located in a desirable subdivision in Key Largo offering a spacious living area, 3bd/3ba, gourmet kitchen, huge vaulted ceilings, large storage downstairs, expansive deck off master bedroom, superior deep water dockage, breathtaking sunsets all situated in a quiet area. Florida Keys Real Estate and Homes For Sale.
Beautiful home in Venetian Shores. Amazing bay views. 100 ft. dock with deep-water dockage. 4 bedroom 4 bathroom. Large storage room. Large open kitchen with stainless steel appliances and granite counters. Please call Listing Agent: Stephanie Victorero at (786) 525-8954 Florida Keys Real Estate and Homes For Sale.
Situated on a corner parcel, nestled behind gates of lush tropical landscape is this grand bayfront home with a private guest house, two swimming pools, 100' of deep water dockage, boat house and a two car garage. The main home offers three magnificent en-suite bedrooms, spacious living, and dining area with a fireplace, marble & hand painted Cuban Tile floors. The exquisite kitchen features black Florida Keys Real Estate and Homes For Sale.
Everything you would want in a house is right here, and it is on one of the best streets in the Florida Keys. Room for toys in the water or on land, room for a pool, built like a bunker, with lots of entertaining space. Access to one of the only natural beaches in the Upper Keys. Florida Keys Real Estate and Homes For Sale.
Magnificent Ocean front estate with 150' of beach frontage on almost an acre and a half! Newer construction featuring a wonderful floor plan with 4 bedrooms, 4.5 baths in the main house, tongue and groove wood ceilings, and 8'doors. The functional chef's kitchen offers granite counters, 3 ovens, warming drawer and ice maker. The spacious dining room with tray ceilings is just off the kitchen and Florida Keys Real Estate and Homes For Sale.
Exclusive Oceanfront Gated Estate offers the perfect combination of beauty, serenity, and nature. All in picture-perfect surrounds of the Atlantic Ocean and Bordered to the south by approximately 40 acre state nature preserve. Features include direct ocean views from almost every room in the house, a custom inground salt water pool w/ spa, 2 large boat slips in the protected deep water oceanfront Florida Keys Real Estate and Homes For Sale.
Open water views and on one of the widest and most beautiful canals in Summerland cove. Pool, hot tub and large deck area for entertaining. Covered fish cleaning station with concrete sea wall and davits. Large and luxurious 2 story 4 bedroom 3 bath home with large covered decks on each floor. Brick paver driveway with covered parking and a Garage. Florida Keys Real Estate and Homes For Sale.
This 3 bedroom 2 1/2 bath canal front home has everything you could want. Large open porch that runs the entire length of the house. Swimming pool to cool off in at the end of your great boating day., split floor plan, large master suite, spacious living area and located in Key Colony Beach Easy boating access to both the Ocean and Gulf. Join the Cabana Club and then you have the beach too. Florida Keys Real Estate and Homes For Sale.
BEACHFRONT in Islamorada! You will fall in love with this location in White Marlin Beach, right on the beach with endless views of the bay. Gated for privacy, you will feel as if you are at your private beachfront resort. The living area opens to a spacious porch overlooking the bay through 2 sets of sliding glass doors. Each bedroom opens onto a porch and has its own bath. Florida Keys Real Estate and Homes For Sale.
Walled & gated family compound or corporate retreat on the open water! Main house has 4 bedroom suites, screened porch, expansive living room, kitchen and great room with soaring ceiling, poolside kitchen, pool bath w/ sauna, built-in BBQ, heated pool&spa, laundry room, storage room & tackle room. Full guest home 2/1 w/ kitchen & screened porch overlooking the water. 3 boat lifts/180' dockage. Florida Keys Real Estate and Homes For Sale.
Rare Open Oceanfront Half Acre Point Lot with Protected Dockage! Water on two sides: 182 ft. of deep water concrete dockage PLUS 141 ft. of oceanfront. Breathtaking ocean views and gorgeous sunrises. Gated 4/4 home offers a huge back yard with 3 tiki huts & lots of room for water toys. This boater's dream home offers both direct ocean access AND easy bay access through Tavernier Creek. Call today! Florida Keys Real Estate and Homes For Sale.
Once inside the gates of the Stirrup Key enclave, you know immediately that you have Arrived. Offered with protected boat slip. features include quality finishes, appliances, and mill work, elevator to all levels, wired for generator, poured concrete constr., Incomparable..360 ocean/gulf views from the top level terrace. Library/office, master lounge & bar, game rm, elect. blinds, granite Florida Keys Real Estate and Homes For Sale.