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.
BEAUTIFUL SUNRISE VIEWS OVER THE ATLANTIC. Large 4 bedroom, 3 bath home on a lot that is over 32,000 sq ft. Large enclosed swimming pool right off the living area. Deep dockage for the boater and fisherman. Possible owner financing up to 50% of purchase price. $50K credit at closing for upgrades. In an area of fine homes in Marathon in the heart of the Florida Keys. Florida Keys Real Estate and Homes For Sale.
GORGEOUS POOL HOME! You will feel on vacation the moment you enter. Your own resort w/great amenities. Enjoy the pool with cascading falls, hot tubs, waterfront tiki w/outdoor kitchen & bar. Attractive & newer 3 story home. Very spacious with room for the whole family. 1/1 ground level, 2/1 2nd level and master bedroom on 3rd level. Concrete dock with boat lift. Minutes to the reef for Florida Keys Real Estate and Homes For Sale.
Come enjoy the Keys as they were meant to be!Fantastic panoramic views and complete privacy abound with this 2.6 acre open water, gated estate on Big Torch Key. Bordered by a 900'canal with 200'frontage on Niles Channel, the adjacent 60 acre wildlife preserve will insure absolute seclusion. This CBS/stucco home offers comfortable living in harmony with natural surroundings. The main floor Florida Keys Real Estate and Homes For Sale.
FREE HOUSE!!! Buy 170 ft. of canalfront with concrete dock in Venetian Shores and get this beautifully remodeled and expanded home for FREE. This spacious home has it all including an elevator and giant garage and workshop. 2 sets of interior stairs take you from the main living level on the second floor to either the front of the house or to the dock area and tiki for your outdoor activities. Florida Keys Real Estate and Homes For Sale.
Beautifully renovated home in Duck Key on a fabulous canal with instant access to the ocean or gulf of mexico by boat. Legal lower level enclosure. Granite countertops and new wood cabinets, bath features include custom tile and seamless shower enclosures. Pool with hot tub and large deck areas provide great outdoor gathering spaces. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Islamorada waterfront with 70'of concrete deep water dockage & davits located in Desirable Venetian Shores! This home features,open floor plan w/soaring ceilings,beautiful chef kitchen, privacy with secluded view of sanctuary, 4 bedrooms,3 baths,great family home,unique design,lots of storage for all of your water toys,and plenty of room for your Yacht. Truly a must see! Seller is Motivated. Florida Keys Real Estate and Homes For Sale.
Discover Mariposa. The spectacular architecture inspired the name of this magnificent oceanfront estate that spans 120 ft. along the beach on Grassy Key in the beautiful Florida Keys. Secluded behind a privacy gate, this Bali influenced contemporary home is designer/contractor owner's own home. Built to standards in which only the absolute best of everything would do. Green built and Florida Keys Real Estate and Homes For Sale.
Well appointed 4 bed/4 bath home on open water located on dead end street in desired Duck Key. Home has open floor plan with 2/2 up and 2/2 down, beautiful views of the inlet, canal & ocean. Property offers 78' of concrete dock, seawall, boat lift, gated in-ground pool, tiki hut, lush landscaping and privacy from neighbors. Florida Keys Real Estate and Homes For Sale.
Come enjoy the open water views this property offers. This is a beautiful home located in Summerland Cove Isles. There is 60 ft. of concrete dockage and is on a wide, deep canal. There is an in ground pool and hot tub with plenty of room for your outdoor entertaining. This home offers a open floor plan with 4 bedrooms and 3 full baths. The master bedroom has a spacious bathroom and open water vie Florida Keys Real Estate and Homes For Sale.
Looking for a wonderful family home with great dockage? This is it, Beautiful three story concrete fortress in Venetian Shores, with 5 bedrooms, 5 bathrooms, inclusive of lower level captains quarters!Open floor plan with third level master suite, elevator, large sceened porches,2 car garage,100' of concrete dock with lift and davits, plenty of room for a pool! Florida Keys Real Estate and Homes For Sale.
Mini Estate On Cudjoe Key With Endless Ocean Views And Lots Of Awesome Deck Space. Moonrise & Sunrise Views..Custom built 2/2 plus poured concrete guest building with bath. Keys tropical setting, concrete pool with 5 water falls & tile finish, privacy galore, fenced yard, ample storage. Home has a cistern and city water. All nicely maintained. Must see home. 300+ feet of shoreline. Florida Keys Real Estate and Homes For Sale.
LOCATION! LOCATION! LOCATION! IN THE FL KEYS! 5.36+- acres, with unbelievably beautiful private sandy beach ATLANTIC OCEAN FRONT. This property is already divided into 6 lots w/ 6 rogo exempt building rights & 2960 square feet of approved retail space w/ existing retail building of 1280 sq ft. There is also a 2800 sq ft (approx) single family home w/ spectacular panoramic ocean views. Florida Keys Real Estate and Homes For Sale.
Open ocean views, boat basin, tiki and four homes on 2.86 +/- acre estate in Islamorada, FL. Waterfront 2 bed, 3 bath home with two-car garage and spectacular Atlantic Ocean views, plus three cottages. One side of property is almost an acre of land providing privacy for the homes. Also included is 0.25+/- acre lot with water service - ideal for parking or boat storage. Nearby shopping, restaurants Florida Keys Real Estate and Homes For Sale.
Enjoy fabulous sunsets by the Atlantic Ocean in this colossal open water home in prestigious Summerland Cove Isles - This concrete home boasts gorgeous sunsets and soothing views of the turquoise waters of the Atlantic. The home has 4 bedrooms, 3 bathrooms, including a huge second story master suite, and over 3,400 sq. ft. of living area and approximately 1512 sq. ft. of open and screened porches. Florida Keys Real Estate and Homes For Sale.
Located oceanfront in downtown Islamorada, the historical Gilmore Estate is locally known as the Bay Bourne Houseboat. Situated on 5+ acres, with 300 feet of beach, the Houseboat is an actual 60 foot 1948 Chris Craft with 1 stateroom, 2 baths, a galley kitchen, salon, on the first deck. Top deck consists of a 4-bunk stateroom and private upper deck with wide open ocean views! Florida Keys Real Estate and Homes For Sale.
Take advantage of reduced price for limited time! Beautiful,Completely Renovated Waterfront Pool Home With Guest Quarters in Lower Level!Great poolside entertaining home, featuring open floor plan, granite counter-top bar in kitchen,stainless appliances, travertine marble floors & baths,lots of storage,garage,great deep water dockage with davits,with immediate access to ocean and bay! Florida Keys Real Estate and Homes For Sale.
One lot in from open water on 12th St. Key Colony Beach.Large lot with 90 ft. concrete seawall & step down dock on oceanside canal.In-ground concrete poolwith extensive decking. Glass doors off livingroom open to lg. outside dining porch with great views.2 bedrooms/2 baths upstairs with 1 bedroom/1 bath down connected with interior stairs...excellent guest quarters. Garage. Sunsets year round. Florida Keys Real Estate and Homes For Sale.
Walled estate located in the heart of Duck Key! Features 4bd/3.5 baths, tiki hut, new metal roof, 100ft new concrete seawall and dock! Easily fit a large sportfisher w/easy ocean access. Open floor plan is great for entertaining! Original Cuban Tiles line the floors with wood floors in the upgraded kitchen that features granite counter tops, stainless steel appliances and newer cabinets. Must see! Florida Keys Real Estate and Homes For Sale.
Islamorada Venetian Shores waterfront 5BD/5BA with 100' dock and boat lift, custom pool with spa & waterfall, elevator and private master suite on the 3rd floor. Instant big boat access to both the ocean and bay from 100' wide, deep water canal. Spacious home offers more than 5,000 sf including porches, downstairs guest quarters and garage. Security cameras, brick drive, landscaping and more! Florida Keys Real Estate and Homes For Sale.
The Gardens is located on 1.53 acresof mature tropical foliage, with expansive sandy beach, long dock, decorative columns, gated entry and winding Chicago Brick drive. Upstairs, this exquisite home features two bedrooms, two baths, two large glass front porches, kitchen with bar, dining and living room. Double glass doors and windows provide breathtaking ocean views. A wrap around porch Florida Keys Real Estate and Homes For Sale.
Custom & Updated 2 story Bay Front home. Spacious, open split floor plan. Extra large, Deep 11/2 lots(17,078SF),78 feet on the water. Back faces South and offers spectacular sunsets. Pool & pool bath, cov.terrace,garage/Storage space at ground level. Full service deep water dock can accomod larger boats. Fabulous Master, top of the line materials & decorator touches complete this Tropical Paradise. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Stunning canal front pool home has been completely renovated and offers many amenities. Custom concrete home with over 3000 square feet of living space featuring floating bamboo staircase, 2 living areas, 2 master suites & a true chef's kitchen with ice maker, wine cooler, & trash compactor. Beautiful tropical landscaping with a concrete pool and 95' of canal frontage. Easy access to ocean & bay! Florida Keys Real Estate and Homes For Sale.