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.
Islamorada Venetian Shores luxury waterfront 5BD/5BA with 100 dock and boat lift, custom pool with spa and waterfall, elevator & private master suite on the 3rd floor. Instant big boat access to both the ocean and bay from 100 wide, deep canal. Spacious home offers over 5,000 sf including porches, separate guest quarters and garage. Security system, brick drive, impact glass, landscaping & more! Florida Keys Real Estate and Homes For Sale.
Stunning new oceanfront home - This custom home has it all - 4 bedrooms and 4 baths with an elevator. The views are incredible from inside the home or from one of your oceanfront terraces with porcelain wood plank flooring. Custom construction and finishes throughout - the kitchen has Wolf stainless appliances, stone counter tops, and woodmode cabinetry. Florida Keys Real Estate and Homes For Sale.
Tropical Paradise awaits...expansive home situated on appx half acre fenced and gated, sandy beach, deep water dockage for multiple boats, inground pool, and more. Concrete home with metal roof, cathedral open beam ceilings, top floor master suite, grand living and kitchen area, split bedroom, foyer and interior staircase. All overlooking large body of water and across from the Atlantic Ocean! Florida Keys Real Estate and Homes For Sale.
Welcome to this completely updated bay-front Estate offering direct bay and ocean access. Boasting open water views from the main living area and master bedroom, this gorgeous property has a new roof, new impact windows/doors, new floors, new kitchen and baths, new railings, new a/c, new dock, outdoor kitchen, and much more. As you arrive, the first floor greats you with a large enclosed garage 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.
Open ocean views! Enter into the living room & you are awash in ocean views. Sliding glass doors across the living, dining & master bedroom facing right out to the ocean. Full open patio across the length of the house also enjoying open views. 140 + of concrete dock with davits. All concrete home including roof. Light, bright and offering a split floor plan with each bed/bath on opposite sides. Florida Keys Real Estate and Homes For Sale.
Cul De Sac location on quiet Willow Lane in Safety Harbor. One of the most sought after deep water communities in the Upper Keys! 5ft plus minimum control depth offering approximately 300ft of dockage and a boat ramp. The home offers 2 bedrooms and 2 baths on the main level, interior stairs down to bonus room and 3rd bath. Split bedroom floor plan. Granite/stainless kitchen with lots of storage. Florida Keys Real Estate and Homes For Sale.
Custom waterfront home offers concrete dock with 6k boat lift, whips and floating dock, fresh & beautiful landscaping, gas tiki torches and fire pit, salt combo pool and spa, expansive outdoor porches with stone decking and impact windows. Interior features include teak wood floors & doors, breathtaking 16vaulted ceilings & chefs kitchen. Meticulously maintained and turn-key. 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.
San Roc Estate is one of the last remaining parcels on the Atlantic offering a 4 bedroom 3 bath seaside retreat nestled on over 2 Acres of Land w/sandy beach. Exterior amenities include a keystone lanai for ultimate in/outdoor living, ample deep channel dockage, Lap pool,heated spa surrounded by coconut palms offering ultimate privacy,truly invokes a sense of laid back lifestyle we all dream of! Florida Keys Real Estate and Homes For Sale.
Unobstructed Caribbean Blue, Bay-front views from this lovely home in desired Buccaneer Point in Key Largo. This is the prime location to live in Paradise, watch sunsets, and experience what is called Keys Disease Owner/Agent, no sign on property. Florida Keys Real Estate and Homes For Sale.
Tropical modern home in Key Largos most desirable locale - Port Largo. This expansive 5 bedroom 5 bath home offers wide open living areas, a formal dining room, & gourmet granite kitchen. The lower level offers 2 guest suites, wet bar & family room that opens to the heated pool. Enjoy the outdoors under several tiki huts & summer kitchen. 75 of deepwater dockage for immediate ocean access. Florida Keys Real Estate and Homes For Sale.
Ocean Front PLANTATION SHORES IN TAVERNIER! Custom built CBS home by a premier builder, architecturally designed Great room features an Island kitchen, 3 en suite bedrooms, a pitched concrete roof that creates a frame for the breathtaking views of the Atlantic as you enter the home. Panoramic ocean views from the entire east side living and porches provides serenity and ocean breezes every day. Florida Keys Real Estate and Homes For Sale.
Stunning views from this amazing Oceanfront location. Concrete home with amenities galore. Enter this majestic home through the bronze double front door. Marble,granite and stainless appliances. Overlook the Ocean while relaxing in the pool. Boat lifts, concrete docks,huge boat basin, everything you need to enjoy life in the Keys!Impact glass windows & doors. Gated, fenced, garages. Tackle room. Florida Keys Real Estate and Homes For Sale.
Waterfront Pool Home on 100 X 100 ft. lot located in desirable Venetian Shores! Upper level offers two master bedrooms with two baths, open floor plan vaulted ceilings throughout. Lower level one bedroom one bath guest quarters. Wonderful huge concrete pool,carport,laundry room plus outside storage shed for all of your water toys! Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Estate on the Ocean. Metal roof at this modern brand new five bedroom and five and one half bathroom home, with one large media room. Beautiful pool and spa at your back yard with grand open water views. Elevator for your pleasure. Huge master suite on the top floor with master bath offering a jacuzzi tub and lots of storage. Walk on your outdoor pier over the open water and enjoy the blue and Florida Keys Real Estate and Homes For Sale.
This custom waterfront home and additional lot is situated on a corner with 283of water frontage. Offering an open floor plan with soaring ceilings, spacious island kitchen, 3 bedrooms, 2 bath and a third floor loft. Several deck areas including a roof top deck provide panoramic vistas of the Florida Bay. Other highlights include 60 concrete deep water dock, boat ramp and direct bay access. Florida Keys Real Estate and Homes For Sale.
SELLER SAYS BRING ALL OFFERS! Located on the Atlantic Ocean in The Heart of Islamorada situated just above the beach for enjoying spectacular sunrises as each day begins. Gated Estate located on the quiet side of the Island .... the Old Highway. Main House features three bedrooms, three baths and expansive waterside patio surrounding the pool, tiki bar, breezy gazebo, and dock. Florida Keys Real Estate and Homes For Sale.
Tranquility on the bay with never-ending views of nature and glorious nightly sunsets. This Key Largo CBS home has a deep-water dock, 100 sandy beach and small watercraft ramp. Located within an exclusive, gated community, it has three bedrooms and three baths, with each room featuring French doors that open to bay views. It is eco-friendly with efficient appliances, luxury amenities and refined Florida Keys Real Estate and Homes For Sale.
Timeless Jewel on the OceanRare opportunity to own an oceanfront extraordinary home and be able to have deep water dockage for your yacht at your door. The moment you walk in the front door of this modern masterpiece you will mesmerized by the ocean views and Zen ambiance. This Ocean Cay home was thoughtfully designed by the owner architect to combine contemporary designs, vast windows and Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Designed to meet the ultra-high standards of the developers, this spacious four-bedroom, four-bath homes features 2895 sq. feet of air-conditioned living space. Interior has beautiful ocean views, granite counters, wood cabinetry & high end stainless steel appliances along with an elevator. The community itself featured a gated entry, tumble paver driveways, extensive tropical landscaping Florida Keys Real Estate and Homes For Sale.
Open water getaway directly on Florida Bay with dock & boat lift in desirable Buccaneer Point. Unwind in this charming island-style 3/2 home on an oversized lot with fenced backyard, swim spa and outdoor shower. Kick back on the bayview screen porch or in the large top floor master with bay view balcony. Offset your expenses with repeat rentals! This perfect Keys retreat is only an hour from Miami Florida Keys Real Estate and Homes For Sale.