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.
This home has it ALL! 5 bedrooms, 3 baths, 2 boat lifts, tiki hut AND a POOL!! The open concept kitchen, living and dining areas overlook the pool and dock. The 70 ft. Dock has a 20,000 lb. boatlift and a 7,000 lb. lift plus davits. The tiki hut by the pool will make outdoor entertaining a breeze. The pool has seating and a sunshelf with a large pavered deck leading out to the dock. This house was made for fun times and has room for family AND friends with 3 bedrooms and 2 baths upstairs and 2 bedrooms and 1 bath downstairs. Downstairs is above the flood zone and permitted. Side and back yard are fenced while the driveway is open and pavered. Come and take a look, you will not be disappointed! Florida Keys Real Estate and Homes For Sale.
Beautiful Waterfront 6 BR - 5 BA, Heated Pool - Gas Fire Pit, 3 Car Garage, Custom Built Home by General Contractor-Owner completed in 2014, Offered TURNKEY! Excellent Rental Income Property. Two Master Suites on the 2nd and 3rd Floors. All Doors, Crown Moldings are Imported Hardwood. Gorgeous Diagonal Ceramic Tile Flooring Throughout the Home. Solid CBS Block, Hurricane Impact Windows and Doors. Electric Roll Down Shutters with Manual Overrides. Just 5-Minutes to the Ocean, No Fixed Bridges. Two Ipe Wood Docks-65 Ft of Dockage-Deep Draft 6 Ft Low Tide. Dock 1: has 2 Boat Lifts 10K Lb. and 16K Lb. Dock 2: Dock - Kayak Launch. Gorgeous Ocean Water Vistas from the Master Bedroom 3rd Floor Balcony and Widows Walk. Storage - Work Shop! Secured Fenced Yard Bring your Boats, RVs. NO HOA FEES! Florida Keys Real Estate and Homes For Sale.
SOUTHERN CROSS! Enjoy watching the sunset cross the horizon every day of the year from all three levels of this custom residence in Islamoradas Bay Hammock. Great attention to every detail will impress the most discriminating buyer. Beautiful brazilian hardwood floors, custom railings with pineapple inserts to frame the water views. 4 spacious bedrooms with en suite baths. Gourmet kitchen with 2 dishwashers, 2 ovens, 6 burner gas stovetop, center island, open floor plan to dining and living areas. 3rd level master suite & patio area overlooking the Bay, his/her walk-in closets. Guest suite & family room, foyer, garage, room for a pool. Dedicated 12 ft wide boat slip, use of boat ramp & observation sundeck in private gated community nestled in tropical hammock, directly on Florida Bay. Florida Keys Real Estate and Homes For Sale.
Welcome to Solace on the Point. Perfectly nestled on the bay is this amazing Stillwright Point Estate. As you enter the perfectly manicured grounds, the Brown & Crebbin designed landscaping greets you with all it warmth and privacy.There is the exquisitely decorated main house with 3 bedrooms, 3 baths and a magnificent roof-top deck with panoramic views. The guest house offers open water views through its glass walls.Each of the 3 stories in the main house offers a complete living area and elevator. The list of features includes a sandy beach, gated entries, monitored CCTV security system w/infrared beam detectors.Toto toilets,5,000 gals.cistern,generator,amazing roof-top deck for year-round sunsets, outdoor grill, commercial grade kitchen stove, 2 Boat lifts, 1 personal watercraft lift Florida Keys Real Estate and Homes For Sale.
What an incredible location with endless views of the bay and deep water dock! This is a corner lot with water on 2 sides, 200 Ft +/- of concrete protected dockage, a boat slip, T dock and jet ski davit . Solid concrete construction including the roof. Expansive glass on the waterside of the house maximizes the incredible views. Large open concept entertainment area and tiled floors throughout. Expansive master suite encompasses the second floor and includes a master sitting area, bedroom with bay views, exterior concrete roof deck, and en suite bath. There is a concrete storage building, outdoor shower, accordion shutters, private boat ramp and a beautiful electric privacy gate. This is a wonderful island retreat, only 1 hour to MIA and yet a tropical world away! Florida Keys Real Estate and Homes For Sale.
2018 CBS 3 Story 4Bd/4.5Ba canal home in Islamorada. Easy Ocean access Via nearby Tavernier Creek or Snake Creek. Impact D&W. Chefs White Kitchen w SS Appliances, Quartz Counters & Tile Accents. 3rd floor has M. bedroom suite also guest bedroom & bath. 2nd level w Kitchen, Dining & Laundry 1/2 Bath & Bedroom & Bath. Above Flood ground level with Bedroom, Bath and living area with inside stairwell and Elevator Ready to all floors. Brick Paved driveway and back yard, Huge garage. 30 Concrete Dockage has been approved. Florida Keys Real Estate and Homes For Sale.
ANCHORS AWEIGH - 140 of deep-water, protected, concrete/paved dockage is enjoyed at this serenely secluded property with sunset views. It is rare to find 2 adjoining lots in Venetian Shores with beautiful bay views, and convenient, direct access to Snake Creek. Remodeled in 2005 & designed to take advantage of magnificent views from every level. Downstairs rec room also used as 5th bedroom. 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 Tub being offered TURNKEY! Park Multiple Boats along the Spacious 75 Ft. Dock with Power/Water, Easy 5 Minute Ocean Access via Tavernier Creek. Excellent Rental Income 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 a Master 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 Newer Appliances. Newer AC Units! Solid CBS Construction featuring a Concrete Roof. Plenty of parking for RV, Boats, Jet Skis and additional Cars. This Home is PRISTINE! NO HOA - NO HOA FEES! Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
OWNER FINANCING AVAILABLE!This waterfront residence is the epitome of an ultimate tropical oasis and was masterfully designed to blur the lines of indoor and outdoor space. The newly refinished pool & spa is elevated to the main living and entertaining level & includes a gas heating system , a salt generator and Pentair control system. This home boasts expansive new Sentinel impact glass windows, a luxury elevator, floor to ceiling sliding doors, 8 ft solid core interior doors, dentil crown molding with indirect lighting, gas fireplace and an over-sized den. French colonial kitchen with new Viking appliances ,including gas 5 burner range, granite counter tops & kitchen island. Breathtaking views from every vantage point punctuate this exquisite location on sought after Buccaneer Point Florida Keys Real Estate and Homes For Sale.
Enjoy the ocean view and feel the breeze from this delightful tri-level tropical escape with rooftop deck. Generously proportioned with 5 bedrooms, 3 baths, elevator & interior stairs. Open layout to the fabulous stainless steel kitchen. A walk-in pantry & big island give you extra storage & counter space. Beautiful wide verandas & french doors in every room provide the perfect spot to sit, relax & take in the view. The master bedroom & enormous walk-in closet is complete with a gorgeous bathroom. 40 ft concrete dock on deep clean canal. Minutes to Molasses Reef and Rodriguez Key. Cool off in private community pool in one of the prettiest streets lined with palm trees & green grass maintained by the assoc. Ocean Front clubhouse, boat ramp & storage. Florida Keys Real Estate and Homes For Sale.
PLENTY OF ROOM FOR YOUR YACHT WITH 140FT. OF DOCKAGE! This ultra modern home with exceptional architecture features a gorgeous open floor plan with expansive windows on all levels, beautiful open kitchen with Bosh & Sub Zero stainless steel appliances. The first level includes a large open room/bedroom, full bathroom & a laundry room. The 2nd level features an open kitchen & great room with a powder room and a large waterfront master suite. The 3rd level has a bedroom/office & a full bathroom including an outdoor bar overlooking the pristine waterway. Located on 2 lots with 140ft. of dockage with 2 boat lifts, a cut in boat slip, and 2 car garage with a large tackle room. Located in beautiful Venetian Shores with immediate bay & ocean access. This home truly has it all! Florida Keys Real Estate and Homes For Sale.
This truly unique property with 151 of Bayfront in prestigious Buccaneer Point makes entertaining twice as easy with 2 docks, 2 boatlifts, on 2 lots with 2 sets of bay views from 2 locations. The main home offers 3 bedrooms/3 ensuite baths, cathedral ceilings and open floor plan that allows endless views of the Florida Bay from virtually every room. Lounge by the pool and summer kitchen with Florida Keys Real Estate and Homes For Sale.
Need a place to Dock your Yacht! Solid Concrete Home with 100 ft. of Dock! This beautiful home offers a nice open floor plan with 2 bedrooms & 2 bathrooms on the main level, and a 1 bedroom, 1 bathroom apartment downstairs featuring a large covered patio, enormous concrete pool, 100 ft. of dock, elevator, storage, and plenty of parking. Located on a very desirable street in Venetian Shores with direct ocean &- bay access! Florida Keys Real Estate and Homes For Sale.
Luxurious Waterfront Estate, Gorgeous Water Vistas of LARGO SOUND! LIKE NEW Custom Built on 2 Lots in 2007. Steel Reinforced CBS Concrete Home, Metal Roof, 3 Bedrooms-3 En Suite Bathrooms and a Bonus-Storage Room. Impact Windows and Doors. Elegant Master Suite, 600 Sq Ft Covered Patio. Exquisite Master Bath, Jacuzzi Tub, Walk-In Shower. At Ocean Side Entrance of Adams Cut, easy Ocean-Florida Bay access. Privately Landscaped 160 Ft of Waterfront and Deeded Bay Bottom, Boat Ramp, Sandy Beach, 1500 Sq Ft of Covered Open-Air Patios. Permit Approved 50 Ft Dock. Room for a Pool. World Class Gulf Stream Fishing in 20 minutes, Bay Flats in 5 minutes. Imagine only 1 Hour to Miami and the Miami International Airport. Beautiful Home, but wait until you see the MILLION DOLLAR VIEWS of LARGO SOUND! 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. More... As you wake up each morning youll see Tavernier Key and picturesque watercolors. Boaters will enjoy the rare 95 feet of deep water and protected dockage ocean side without having to walk a long pier. Excellent location to direct bay access through Tavernier Creek and or Snake Creek. Close to fine restaurants and within walking distance to schools. Pre hurricane photos Florida Keys Real Estate and Homes For Sale.
Move in Tomorrow in this Turn Key Home in Desirable Venetian Shores. Great location - 3rd lot in from Snake Creek. This area is known for deep water dockage, multi-million dollar homes and easy access to Atlantic Ocean (via drawbridge) and Florida Bay. 5BDS/ 5.5BTHS + office (6th bedroom), with 4,000+ sf of living space, 10,000sf lot and 100 of dockage. Master suite addition (2014), separate living space downstairs for guest (above flood and permitted) completed in 2008. Each floor has their own laundry. Meticulously maintained home is well appointed. ALL ABOVE FLOOD & completed with permits. ACed garage, heated / chilled SALTwater pool (2013) w/ hot tub & cascading waterfall, outdoor kitchen w/ custom starboard cabinets, dishwasher, ice maker... Florida Keys Real Estate and Homes For Sale.
SNOOK Residence: This Tarpon Point Beauty sits at the edge of the pool and offers spectacular ocean views. A spacious 4 bedroom/ 4 bath home is well equipped with a Chefs kitchen with top of the line stainless steel appliances granite counters. Whole house generator, impact resistant windows & doors and a private elevator. Florida Keys Real Estate and Homes For Sale.
Waterfront 4BD/3BA concrete pool home in one of Islamoradas best neighborhoods! Perfect for boating with 60 concrete dock & davits and water/electric at dock. Only a few homes from the open bay. Gorgeous heated pool, large porch, landscaped yard & top deck with open water views. Upstairs 3/2 with separate 1/1 down. Upscale finishes and charming touches! Neighborhood park w/ boat ramp. Florida Keys Real Estate and Homes For Sale.
Watch both the sunrise and sunsets from your living room in this Bayfront CBS home with extraordinary open water views. Privacy abounds on this over-sized parcel on the point overlooking Blackwater Sound. Close proximity to the Apex of the Bay and the Adams Waterway. 3 bedrooms 2 baths up, expansive covered & screened lanais include 360 degree views. This home boasts an open concept living area with vaulted tongue and groove ceilings, a Chefs kitchen with state of the art appliances including Thermador gas cook-top w/electric simmer element, GE monogram French door refrigerator, Microwave & convection Oven. Custom slab granite bar height table seats 10 plus! 1,000 Sq. Ft. of enclosed storage down is a perfect place for a work shop , artists studio, motorcycles and more. Florida Keys Real Estate and Homes For Sale.
BOATERS DREAM in PREMIER VENETIAN SHORES! Spacious and well-maintained SOLID CONCRETE home offering 3bd/3ba, legal downstairs living quarters. Relax POOLSIDE in a custom concrete pool with spa! 70 of concrete DEEP-WATER DOCKAGE and 100 wide canal! Immediate ocean and bay access through Snake Creek! Florida Keys Real Estate and Homes For Sale.
Absolutely no damage from Irma!! 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.
This stunning estate is uniquely designed featuring 10 bedrooms and 11.5 baths home is nestled on the Florida Bay in Key Largo. This secluded estate rests on just over 1 acre that is mesmerizing from the moment you enter the gate! The driveway is shared leading you to a tropical landscaped preserve and parking. Florida Keys Real Estate and Homes For Sale.