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.
PRICE REDUCTION OF $100,000. on this C.ANAL FRONT home in WINSTON WATERWAYS. This NEW 3 BDRM CBS Home HAS NEVER BEEN LIVED IN !!! House has a 2 CAR GARAGE, spectacular glass double door entryway,STAINLESS STEEL appliances, granite countertops, tile in main areas & bathrooms, vaulted ceilings, stunning wood floors in bdrms, an elegant ENCLOSED stairway, a foyer & a screened porch facing the canal. Florida Keys Real Estate and Homes For Sale.
Oceanfront elegance can be found in this brand new home. Designed to pamper and impress with the many construction features - 4 bedrooms and 4 baths with three stories of living and an elevator. The views from this house are incredible and on a clear day you can see forever. Gourmet kitchen with stainless steel Wolf Gas stove, sub zero refrigerator Wood mode cabinets and natural stone tops. Florida Keys Real Estate and Homes For Sale.
Privacy abounds in this beautiful waterfront home with tranquil views sitting on almost a half acre lot! Offering over 3700 square feet of living area in a serene setting with gorgeous views overlooking a wide canal and the native Eagle reserve. The open floor plan features 4BR/ 4.5BA, an office/den, Dade County Pine cathedral ceilings, and an elevator. The beautiful landscaped outdoor area 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.
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.
Tropical tranquility awaits at Key Largo with this water front paradise. The most difficult decision you have to make all day is whether to go sport fishing, diving at the coral reefs or simply laying out in the sun. This property features 3 bedroom 3 bath with 1,869 sqft of living. Escape to your private waterfront retreat. A relaxing world awaits you! Offered at $1,450,000. Florida Keys Real Estate and Homes For Sale.
Palatial Port Largo! Three floors encompass this spacious home. Children can play endless games of hide-n-seek, adults can escape to a quiet place, or all gather together to create memories. Immense outdoor living space for all to enjoy! Ground level screened porch houses the hot tub and overlooks the pool, which is surrounded by a privacy fence; 75 concrete dock is just steps... Florida Keys Real Estate and Homes For Sale.
HUGE OCEANFRONT PARCEL JUST UNDER 3 ACRES IN ISLAMORADA, large deep water basin! 200 on the ocean! You will enjoy this gated compound with a ground level home with many extras including fireplace and home theater screen. Large deck to enjoy the unobstructed oceanviews. This is a rare and unique property! Florida Keys Real Estate and Homes For Sale.
METICULOUSLY APPOINTED IN ISLAMORADA!Upon entering this custom-built residence, it is immediately apparent that ultimate attention was paid to every detail. An elegant, 5B/5.5B, Venetian Shores trophy property, with a list of custom features to impress those with the most discriminating taste. Gourmet kitchen offers granite countertops & backsplash, wine cooler, food warmer, Sub-Zero refrigerator Florida Keys Real Estate and Homes For Sale.
Prestigious Venetian Shores home with 70 feet of concrete dockage & incredible boating access to the Ocean or Bay via Snake Creek. This spacious 5 bedroom, 4 bath home is well maintained & move-in ready, with granite countertops, SS appliances, laundry on both levels, above flood downstairs living area with kitchenette, over 3700 sq ft of living space & a wonderful floor plan...a True MUST SEE! Florida Keys Real Estate and Homes For Sale.
Prime location in the heart of Islamorada. Oceanfront 4 bedroom, 3 bath completed residence with 7 additional building rights on this 2.65 acre property. Pool, spa, dock and tennis court. Create your own subdivision or family compound. Privacy and open water Atlantic Ocean views. Walk or bike to restaurants, art galleries, shopping. World-class sport fishing, diving, kayaking, paddle boarding. Florida Keys Real Estate and Homes For Sale.
CASA DEL SOL-Ultimate Bayfront Luxury Estate offers flawless open water views and year-round sunsets. 75 deep water concrete dockage and a grand gourmet kitchen. Stunning state of the art finishes include whole home generator, air purifier, chandelier and LED lighting and more! New. low-maintenance and lighted landscaping and an outdoor sound system make this the ultimate in tropical living! 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.
Pelican & Egret at Alligator Luxury Estate, private, gated estate. CBS homes consist of one 3/2 and one 2/2 home. Fabulous sunrises and ocean breezes off the observation deck. Heated pool, summer kitchen. Great vacation rental history. Florida Keys Real Estate and Homes For Sale.
This new construction on Key Colony Beach. 3 bed, 2.5 bath. Downstairs is Living Room, Dining Room, Kitchen, Master Bed, Master Bath and a half bath. Covered porch out of the kitchen and living room and master bed. Boat slip for up to a 30 boat attached. Upstairs are 2 Bedrooms and a Bathrooom and room for an office. All appliances inc wash and dry included. Florida Keys Real Estate and Homes For Sale.
Endless open water views with spectacular sunrises and sunset colored skies await you in this Key West styled estate. Walk the natural sand beach or enjoy your privacy at the large pool set amongst the mature landscape. This is a custom CBS home built with great attention to details. Custom cabinets accent the kitchen and the breakfast nook and the cherry hardwood flooring is throughout the home. Florida Keys Real Estate and Homes For Sale.
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.
LIVE IN THE SUNSHINE, SWIM IN THE BAY! Bayfront home in Islamorada on Plantation Key cul-de-sac offering panoramic open water views from living room, kitchen, dining room, 3rd floor master suite, covered patios & elevated spa. Gated & fenced entry w/brick paved driveway/walkways, fully landscaped yard, garage, 2 carports plus deep-water dockage. If sunset is your favorite color, look no further! Florida Keys Real Estate and Homes For Sale.
Situated on a point lot his beautifully remodeled pool home offers 4 bedrooms, 3 full baths, deep water dockage, beach, and magnificent open water views. The interior features an open floor plan with Cathedral ceilings, marble floors, Coral wall features and floor to ceiling windows! Large oversized lot with over 330 of water frontage, swimming pool and lush landscaping offer ultimate privacy! Florida Keys Real Estate and Homes For Sale.
GORGEOUS LARGE OCEAN VIEW HOME IN THE DESIRABLE HAMMER POINT. Dont miss your chance in owning this spectacular Florida Key home. Perfect for a large family. This beautiful, well-maintained, concrete fortress has impact windows, elevator and many extraordinary features. Great located property, with easy Ocean/Bay access via Tavernier Creek with a sundeck with Breathtaking Panoramic water views. 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.
CASA EROICI ESTATE ON MILLIONAIRES ROW!Meander through the gate down the lushly landscaped winding driveway to this lovely 4 bedroom, 4.5 Baths, spectacular direct oceanfront home, offering fine interior amenities, soaring ceilings, gourmet kitchen, elevator, 3rd floor master suite w/luxurious bath, 3 additional en-suites w/private patios, gorgeous ocean views, waterfront heated spa & pool! Florida Keys Real Estate and Homes For Sale.
Unique Islamorada Waterfront Home in Desirable Venetian Shores! This home features beautiful gourmet chef kitchen, soaring ceilings, master suite w/balcony & lovely water views, 3 bedrooms plus family room w/closet, 3 full baths, lots of privacy with secluded view of sanctuary! Gin clear water, offers a beautifulaquarium like setting, 70 of dock, room for your Yacht, instant access to Ocean/Bay! Florida Keys Real Estate and Homes For Sale.