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.
Magnificent custom built home in desirable neighborhood with incredible bay views from roof top deck! This home has a great floor plan featuring Anderson windows, bonus media room or den, accordian and electric shutters, 83 feet of concrete dock, davits and lush landscaping for privacy. The spacious gourmet kitchen offers dual pantries and bay window booth. A true chef's dream. The Master Bedroom 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.
Tarpon Point, an exclusive enclave of 12 oceanfront residences. Designed to meet the ultra-high standards of the developers, these exceptional homes allow for the most advanced building techniques to reside in harmony with one of the worlds few remaining untouched and fully protected marine habitats. The spacious four-bedroom, four-bath homes range from 2,700 to 3,380 square feet of Florida Keys Real Estate and Homes For Sale.
Great Vaca rental with 5beds and 4baths. 5 boat slips, pool, tiki everything you came to keys for. Lush Tropical Landscaping, landscape lighting, paved driveway, 2 entrances 1 on each side of property, can be used commercially contact agent for details, currently grossing enough to cover Principal, interest, taxes and insurance with 20% down at the current interest rates of 4% so take advantage Florida Keys Real Estate and Homes For Sale.
Located on Hurricane Creek on Lower Matecumbe in Islamorada, this 7 bedroom 6 bath w/90ft of yacht dockage for power or sail awaits your arrival. 15K boat lift. Elevator, 2 car garage, enormous kitchen, water front swimming pool, screen enclosed patio and balcony overlooking the creek & Florida Bay, this magnificent home offers views of both! Make an appointment today with listing agent! Florida Keys Real Estate and Homes For Sale.
Wonderful estate quality home on Big Torch Key. This gated, open water home features some of the best boating in the Keys via Niles Channel with a 420' dock with 5' at terminal end.Main house consists of 3 bedrooms/2.5 baths up with additional living space on lower level. Detached 4 car garage offers protected parking with additional living space on upper level. Florida Keys Real Estate and Homes For Sale.
This property consists of 2 lots directly facing the Atlantic Ocean. 4 bedrooms 2 1/2 baths with cathedral ceilings, screened porch, open BBQ deck, walk around deck, heated custom pool, dock, screened patio downstairs, lush landscaping, circular drive and views that will keep your socks off!! Florida Keys Real Estate and Homes For Sale.
Magnificent Ocean Front 2.65 Acre Estate located on Summerland Cove with Helicopter Pad and 3 Car Garage. This property consists of a Main Home completely remodeled with impact doors, windows, and cypress ceilings. The property also includes a lovely guest house. New Pool, Tiki Hut, 120,000 Pound Boat Lift (Biggest in Florida Keys), 2nd Boat Lift, and a 4 Waverunner lift. 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.
Incredible views AND deep water protected dockage with immediate access to Ocean and Bay. Beautifully decorated Bay front home with a true 'Keys feeling' throughout. Take in the sunset from one of the many decks or the beach. 4 bedrooms, 3 baths Key West style Frame home on concrete pilings. Spacious kitchen, elevator, electric shutters and a boat lift etc. in a prime location. Florida Keys Real Estate and Homes For Sale.
Amazing 3 bedroom 2 1/2 bath home with upgrades in kitchen and master bathroom. Tropical landscaping. Kitchen is custom with oak cabinet. Marble in the master bath with Jacuzzi. Brick Paver driveway and deck that surrounds the heated pool. Newer roof that will withstand 150+ mph winds. Chickee Hut with bar that overlooks the wide canal. 82 ft. of concrete dock. Elevated pool and deck that is Florida Keys Real Estate and Homes For Sale.
Gated Gulf front home located on 1/3 acre lot, deep water dock, in-ground pool, sandy beach above coral rock shoreline. Concrete construction with tile roof, 2 car garage plus large storage room. Beautifully updated kitchen and baths, open floor plan with lots of windows and tile floors. Screen porch with gorgeous open water views.Upscale, quiet neighborhood. This is a weekly vacation property. Florida Keys Real Estate and Homes For Sale.
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.
Beautiful bay front home with a spectacular boat basin. This fabulous home features custom Honduran wood ceilings and doors throughout, expansive great room, chef's gourmet kitchen with granite counter tops and custom cabinet, beautiful master suite and a home office with wet bar. Custom tiled swimming pool with cascading waterfall surrounded by a large deck. Florida Keys Real Estate and Homes For Sale.
HUGE OCEANFRONT PARCEL IN ISLAMORADA offering a deep water basin...rare for oceanfront! 200' on the ocean! You will enjoy this gated compound with a remodeled 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.
Solitude. Serenity. Luxury. Income. This private oceanfront estate resting on nearly 2 acres offers a stunning illustration of contemporary Mediterranean architecture & features a gorgeous infinity edge pool overlooking the Atlantic Ocean and Dove Key. Gracious interior space & a picturesque outdoor setting. Solid rental history - enjoy luxury while you are here and income while you are away.. Florida Keys Real Estate and Homes For Sale.
Drive through the gate into this true Keys paradise. This 3 bedroom 3 bath home offers classic updated Keys styling, hardwood hammock seclusion and direct open water beach frontage complete with fishing dock, volleyball court, private gazebo, porches, breezeways, and expansive open water views. Interior features include updated kitchen and baths, granite counters, custom cabinets, vaulted and Florida Keys Real Estate and Homes For Sale.
BAYFRONT HIDEAWAY! Perfect for mini resort corporate retreat, beach & dock. Sunsets at Tiki, Imagine the fun. 6/4 Plenty of room for the whole family & water toys. Hot tub, garage plus storage & more. Majestic Sunset View over Buttonwood Sound. Lovely & peaceful location, the perfect getaway. Custom & cleverly designed to be together yet divided concept. Set up for two families or vacation rental Florida Keys Real Estate and Homes For Sale.
Ultra private and secluded waterfront estate on 6.5 acres with expansive dockage, private boat basin, ramp, lifts and davits. Principal house with 4BR/5.5BA and separate 2/2 guest house. Multiple indoor/outdoor entertaining areas and true chef's kitchen with Carrara marble countertops. Hardwood floors throughout. Lush tropical gardens designed by Raymond Jungles with oversized pool and spa. Florida Keys Real Estate and Homes For Sale.
STATELY Concrete Fortress - 5 bedrooms, 2 master suites, office, formal dining, 2 great rooms, granite & stainless kitchen with custom cabinets. Entertainment area with wet bar. Over 90' on a wide canal with dock. Heated pool & spa. 3 car garage has apartment. Elevator to all levels. Helicopter pad on roof. Wrap around terraces, balconies, porches and decks. Circular brick drive has covered entry Florida Keys Real Estate and Homes For Sale.
Port Largo Yachter's Home! Protected 80 ft dock with direct ocean access. Solidly built generous size home and lot. Plenty of room to entertain inside and out. Private master suite on 3rd level. Lovely terraces overlooking water.Prestigious neighborhood centrally located. Florida Keys Real Estate and Homes For Sale.
Port Largo Pool Home! CBS 3B/2B w Legal 1B/1B Guest Quarters. New Kitchen w Jenn-air SS appl.& Quartz SileStone Counters. This home has it all and is in perfect condition. Private setting with Lush Landscaping. Garage, Walled & Gated w Paver driveway & walkways. 75'Deepwater dockage. Dock w Shore Power, Fish cleaning station, Davits & Vertical Yacht Bumpers. This is a 1 owner home. Call us to see! Florida Keys Real Estate and Homes For Sale.
Enjoy expansive open water views from this stunning ocean front contemporary home in sought after gated community Sunrise Isle! Magnificent 5 BR, 5BA pool home features beautiful Limestone and wood floors, high ceilings, glass and stainless staircase, central vac, media room, rec room and large private balconies. The gourmet kitchen has gas cook top, granite counters and stainless steel 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.