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.
Florida Keys Real Estate and Homes For Sale.
Architecturally inspired by Italian Old World charm, this modern Mediterranean oceanfront estate is situated on a peninsula on the Atlantic Ocean in exclusive Ocean Cay, Key Largo. This luxurious estate home, on over 13,000 sq. ft. of ocean front land features ultimate privacy with superior CBS construction, a four car garage, electric shutters, electric gates, elevator, 5 central AC units and over 5500 square feet of living space on 3 levels. Majestic palms and the grand mahogany doors invite you into this four bedroom, five bath estate home filled with an abundance of natural light. Florida Keys Real Estate and Homes For Sale.
SOLID CONCRETE CANALFRONT HOME located in a desirable subdivision in Plantation Key! Spacious 3bd/2ba up and legal 1bd/1ba down with separate family/game room. Upstairs has updated kitchen with stainless steel appliances with granite countertop. Relax and enjoy the water views on the upstairs screened porch. Covered patio downstairs includes built in BBQ and hot tub. Move in ready or add a third floor for views of bay and ocean. 75 of concrete dockage with easy ocean and bay access. Florida Keys Real Estate and Homes For Sale.
This gorgeous, all concrete pool home has been completely renovated from top to bottom with an open checkbook, no expense spared! Originally built 1966, This home has been completely renovated in 2018 down to the concrete walls and ceilings. New plumbing, new electric, new flooring, new kitchen, new appliances, new bathrooms, new interior doors, trim, new hardware, new Andersen impact windows and doors,new air conditioning and ducts, new dry wall,brand new pool with travertine deck. Situated on a wide canal basin and only 6 lots to Florida Bay. 3 Bedrooms, 2 Baths, Living Room with fireplace up and 1 BR, 1 BA down with separate entries. New sea wall cap, private boat slip, finished with Ipe Wood. Chicago Brick driveway complemented by professional landscaping and new sprinkler system. Florida Keys Real Estate and Homes For Sale.
Hard to find a property like this! 1 canal from the Ocean. This 4B/3B home screams Key Largo from the moment you enter and discover every nook and cranny. Spacious open living and entertainment area combined, complete with Nautical Style Chefs Galley Kitchen loaded with goodies. Custom Bar built to fit. Living area opens up to a 440sf screened patio with built in stainless gas grill. This home comes completely furnished, check out the loft with pool table and a private balcony. 20 x 32 Covered Boat slip with 2 boat lifts & overhead lighting. Just 15 minutes to Molasses Reef once you crank the motors! Completely Fenced, walled and Gated with Custom Designer Gate. Come to Key Largo and call for an appointment! Florida Keys Real Estate and Homes For Sale.
One Acre Oceanfront Residential Property being sold as is. House & sea-wall suffered major damage from Irma rendering the house currently uninhabitable & most likely is a tear-down. This opportunity provides the building of new construction in a very timely manner. 180 ft. ocean-frontage x 225 deep with deeded road leading to property from the Old Hwy. NO road noise. Buyer to confirm possibilty of dredging the plugged canal side originally used for shallow boat dockage. Seller will credit buyer $50,000 at closing to cover cost to clear site and repair rip-rap sea-wall. Sewer hooked up. Pre-approval letter from the Village Planning Dept. available to replace existing dwelling unit. Florida Keys Real Estate and Homes For Sale.
Waterfront, Dockage, Pool, Ocean View and Beach Access, this Beach House has it all! Updated Upper level has 2 bedrooms and 2 bathrooms, with lovely screened porch overlooking the ocean. Spacious legal 1 bedroom, one bath, downstairs guest quarters with living room & Spacious wet bar! Beautiful in ground pool with water display, bonus Cabana bath, 60 ft. of dock with easy ocean & bay access. Sunset Drive,is one of the most desirable streets in all of the Keys and offers neighborhood beach access ,adjoining lots on either side are dockage for homes across the street affording a lot of privacy.It is a lifestyle unto its own.. fish the back yard canal, watch the manatees come to the dock. Go boating, diving, fishing, snorkeling all in a 3 minutes boat ride down the canal, go left yo Florida Keys Real Estate and Homes For Sale.
A private luxury estate that captures the heart. Three stately living levels with panoramic bay vistas from every room. Ground floor playroom and guest suites open directly to the infinity pool, spa and deluxe outdoor full kitchen. Host long family weekends on the fishing pier with two large boat lifts and sandy cove beach play area. The elevator and two-car garage make access easy and convenient More... Formal dining, granite counters, breakfast island, wet bar, two dishwashers, Sub-zero double fridge, wine cooler, warming drawer and stainless appliances. Open living area with fireplace, Third floor master suite has rich wood floors and ceilings, wet bar and a large balcony for privacy to enjoy the view. Custom soffit ceilings and woodwork details highlight superior craftsmanship Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Elegant yet comfortable 3 bedroom, two and a half bath home on the open bay in Sunset Cove, Key Largo. 1666sf. Bright and open waterfront residence with high ceilings and lots of light throughout. Enjoy picturesque views from your wrap around terrace that flows into your living room, dining room and gorgeous updated kitchen. Impact doors and windows throughout the house. Bonus room downstairs for storage. 60 ft of waterfront with a dock, boat lift and davits. There is even a slide into the bay! Large lot with lots of room for entertaining. This is a special property you must see! Florida Keys Real Estate and Homes For Sale.
Open water home on Florida Bay with dock & boat lift in desirable Buccaneer Point. Unwind in this charming island-style 3/2 on an extra large lot with fenced backyard, hot tub and outdoor shower. Kick back on the open water view screen porch or in the large top floor master with bay view balcony. Offset your expenses with repeat rentals if desired. This perfect Keys retreat is only an hour from Miami. New impact windows (2017) and new metal roof (2015). Dont miss this great opportunity to live on the open water with dockage! Florida Keys Real Estate and Homes For Sale.
Owner finance possible! Need lots of bedrooms?Concrete family compound built like a bunker on canalfront double lot. Spectacular opportunity for buyer who needs lots of room! All concrete house including roof w/ impact windows, updated kitchen w/ granite & SS appliances, screened lanai & pool, big patios, concrete covered parking for at least 4 vehicles, storage room, heavy duty cargo elevator, separate NEW guest suite, 3/2 main house, Ground level permitted bath and 3 rooms being used as living area & bedrooms. Water frontage of 140+ with a 10,000 lb boat lift and a Tiki hut overlooking canal. Easy out to open bay, around the corner and under the bridge from open ocean. Beautiful private sandy beach access right down the street. Florida Keys Real Estate and Homes For Sale.
Enjoy majestic ocean views from this beautiful home located in Gulfstream Village in Marathon. This gem is oceanfront and also has 50 ft of deep water dock frontage on the canal. Featuring 3 BR/2 BA the interior is well maintained and very clean and floors are tiled throughout the home. Enjoy wonderful Keys breezes and watch the sunrise on the private balcony overlooking the ocean. This would be a wonderful opportunity for updating. The lower level offers plenty of space for entertaining guests, boat/kayak storage and spacious parking. Centrally located and close to shopping, restaurants and attractions. Florida Keys Real Estate and Homes For Sale.
Exceptional Venetian Shores home w/100ft. dock and views of Snake Creek! Move right in to this 5 bedroom beauty with an ELEVATOR! Featuring a private master suite on the 3rd level, gourmet kitchen w/open living and dining areas and soaring Cypress ceilings. Full guest quarters downstairs w/huge garage & separate tackle room. 15,000lb. Boat lift and 5,000 lb.davits & 2 fishcleaning stations on the dock. Beautifully landscaped with fruit trees, exotic palms and orchids. This home has plenty of storage, Plantation Shutters throughout and a screened porch which encompasses the second and third levels. 3 separate air conditioners for climate controlled comfort as well as a central vacuum system. Florida Keys Real Estate and Homes For Sale.
Relax by your sparkling pool or go boating from your private dock with boat lift, its all here for you to enjoy. This bright and open waterfront residence has high end finishes and breathtaking open water views. 4 bedroom, 3 bath home in a peaceful and private setting will never let you forget that youre in the beautiful Florida Keys. The soaring ceilings and open concept floorpan is inviting and perfect for entertaining. Marble and stone countertops and vanities throughout, stainless appliances and porcelain floors. Home is at the end of a wide canal opposite an expansive turning basin. 2 bed/2 bath upstairs. 2 bed/1bath downstairs with kitchenette and balcony overlooking the pool providing luxurious guest quarters. Fully fenced with electric gate. A special property you must see! Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Beautifully Renovated Waterfront 6 Bedrooms 4 Full Baths Home, 3/2 Up and 3/2 Legal Down, with a Pool/Tiki Hut and Separate Hot Tubbeing offered TURNKEY! Park Multiple Boats along the Spacious 75 Ft. Dock with Power/Water, Easy 5 Minute Ocean Access via Tavernier Creek. Excellent RentalIncome Property, History Available, generates approximately $7,000 per month for both the Up and Down Units. Each 3/2 Unit features a Split Bedroom Plan with aMaster BR/BA on one side and the other 2 Bedrooms on the opposite side sharing a Jack and Jill Full Bath. Both Up/Down spaces have Full Kitchens with NewerAppliances. Newer AC Units! Solid CBS Construction featuring a Concrete Roof. Plenty of parking for RV, Boats, Jet Skis and additional Cars. This Home isPRISTINE! NO HOA - NO HOA FEES! Florida Keys Real Estate and Homes For Sale.
Ted Williams Estate. This iconic estate has a place in Islamoradas history and is where old Florida charm meets contemporary living. This estate has it all, a fascinating history, privacy, panoramic bay views, protected dockage, tropical landscaping and the perfect location on Upper Matecumbe Key. This 5 bedroom/4bath home includes many spectacular features including an infinity edge pool with spa , 3,200 sq. ft. of living space, balconies and terraces. Ted Williams, the baseball legend and pioneer Keys fishing personality, lived in this house until the early 90s. Today after many upgrades, this home still occupies a unique position as one of the most famous homes in the Upper Keys. This is a true landmark and a fabulous place to enjoy. Florida Keys Real Estate and Homes For Sale.
EGRET Residence: Brand new construction! This oceanfront home is stunning! The Tarpon Point community is gated and lushly landscaped with amenities such as oceanfront pool, beach, dockage and full service all home generators. This spacious 4 bedroom 4 bath home also comes with an elevator giving access to all floors of the home. The kitchen is equipped with high end Florida Keys Real Estate and Homes For Sale.
The Luxury of Island Drive awaits you! Spectacular open water views are yours from this CBS home on an over-sized property with 1 1/2 lots located directly on Largo Sound in Key Largo. This tastefully updated home boasts impact windows, gated front entry, an open concept living area upstairs w/ two bedrooms & two full baths up and a legal and grandfathered in full apartment downstairs, including a large bedroom ,living area with views, entertaining area w/ granite bar, kitchen and another full bathroom, plus a garage. Solid concrete construction including the roof. Other features include light & bright tiled floors, white custom wood cabinets, plantation shutters, Corian kitchen counters up & granite down, indirect lighting, crown molding, Kitchen Aid and Samsung Appliances. 1 Hr. to MIA. Florida Keys Real Estate and Homes For Sale.
Beautiful Oceanfront retreat. Main House is completely renovated with 3 bedrooms and 3 baths, including 2 Master Suites. Guest Cottage has Vaulted Ceilings with a full kitchen and large living area along with a private bedroom and bath. Beautiful unobstructed ocean views and private boat ramp. Oceanside Private pool and Tiki Hut. 2 legal units Florida Keys Real Estate and Homes For Sale.
Spectacular ocean views AND dockage! This beautiful home in Tavernier is offered furnished and features a beautiful pool, protected dockage and 4 bedrooms and 3 baths. The 3rd floor master suite has unobstructed ocean views as well as a large open deck for relaxing in the sun or stargazing. The second floor living area has a great open floor plan with very large kitchen which is open to the dining and living areas. The living areas open to the oceanfront screened porch through 2 sets of sliding glass doors. The spacious pool deck is pavered and has room for lots of seating and lounging. There is additional storage space on the lower level as well as a carport and additional parking space. The home is fully fenced with 2 gates and a pavered circular driveway. Florida Keys Real Estate and Homes For Sale.
Complete remodel, all new floor tiles, new bathrooms, all new cabinets throughout , new appliances, new A/C units, all impact windows, new window coverings, New Elevator. Deep water canal 2 minutes from the bay. 3/2 upstairs/1/1 downstairs. Bay access through Tavernier Creek. Furnished Call for appointment. Florida Keys Real Estate and Homes For Sale.
SOLID CONCRETE WATERFRONT POOL HOME IN BEAUTIFUL VENETIAN SHORES! This all concrete home including the roof features 100 ft. of dockage with a boat lift, water front pool, 3 bedrooms, 2 bathrooms completely updated with impact windows, nice open floor plan, granite & stainless kitchen with a gas stove, huge water front screened in porch, excellent entertaining home inside & out. Located in the Village of Islamorada, Venetian Shores offering direct bay & ocean access just off of Snake Creek. This is a must see!Downstairs is above flood and can be enclosed for more living space. Florida Keys Real Estate and Homes For Sale.