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.
Situated on the corner of the spectacular Atlantic Ocean and the tranquil waters of Tavernier Creek, this private gated point lot property boasts vast open water views while offering expansive protected dockage with 2 boat lifts. The main house has an elevator (3 floors) or stairs leading to the first living level with a centrally located island kitchen, dining area, office and great room with Florida Keys Real Estate and Homes For Sale.
Welcome to The Oasis at Tarpon Basin. The custom electric gate and pavered driveway welcome you to this private bay-front property with over 175 ft. of waterfront. This nicely remodeled 3 bedroom 2 bath home has a split floor plan with open water views from the master suite and one of the other bedrooms. The open floor plan also offers water views from the living/dining areas and kitchen. Florida Keys Real Estate and Homes For Sale.
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.
Breathtaking bay views and sunsets from this Tarpon Flats end unit. Main floor consists of living and dining room, kitchen & two en-suite bedrooms. Master floor has large bath, walk in closet & office/4 bedroom. There is covered parking for 2 cars plus skiff. Complex has only 12 units on 6 acres with community pool, hot tub, tennis court, greenhouse, gated & full time caretaker. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
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.
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.
Why buy existing finishes when you can choose your own? Located in desirable Indian Waterways on a beautiful canal. Dockage sheltered from wind but easy Gulf access, near Snake Creek ocean access. This 4/4 home is whatever you want it to be! Roof nearly finished. Floor plans available upon request. New construction with elevator waiting for you tell us what luxury looks like to you! Florida Keys Real Estate and Homes For Sale.
Superb Boating Access Included With This Completely Concrete Move In Ready Home In Venetian Shores. Plenty Of Room To Entertain Your Family & Friends, Private Guest Quarters, Hot Tub, Inside Stairs, Garage, Laundry Room And Large Open Patio To Spend Your Afternoons In Paradise. Bring Your Boat To The 70 Concrete Dock Along With Davits And Start Living The Keys Life. Dont Let This One Get Away ! Florida Keys Real Estate and Homes For Sale.
From the private picturesque setting, this 6.41 acre bay front estate offers over 12,400 square feet of living space including a main residence and two guest cottages. This estate features charming Key West style architecture, intimate garden courtyards, balconies and spacious patios overlooking a bay front pool/spa with cabana... Florida Keys Real Estate and Homes For Sale.
Truly Unique! In Islamorada,a Mediterranean style residence featuring a private boat basin expandable for a large boat, elegant pool and waterfall spa with entertaining bar area. This 4 bedroom 3 bath home boasts an open floor plan, with a beautiful gourmet chefs kitchen, lovely sitting areas overlooking the water, lower level guest quarters. Awesome location, with instant bay and ocean access. Florida Keys Real Estate and Homes For Sale.
Attention engineers and those with impeccable taste! If quality is what you desire, look no further. A breath away from completion, this custom 5BD/3.5BA open bay view home is built to last. Metal studs, double poured concrete, imported finishes, and the best views money can buy. Located near the ultra private, quiet end of Buccaneer Points peninsula and just off of the intracoastal waterway. Florida Keys Real Estate and Homes For Sale.
Mediterranean styled pool home in Venetian Shores. 2 story all concrete w/tile roof. 4 private bedroom suites with two suites on first level so no stairs. Master bedroom and guest bedroom both overlooks 2nd floor veranda & pool. Formal dining room. 20,000# boat lift & large waterside chickee making outdoor entertaining a pleasure. Immediate ocean/bay access via Snake Creek. Florida Keys Real Estate and Homes For Sale.
Significant Price Reduction on this Premier location in Venetian Shores nestled at the edge of Snake Creek just off the bay, offering amazing views and privacy. First time offered for sale..original owners of 26 years! Consisting of three bedrooms and three full baths including private master suite on the top level with a private balcony looking out towards the majestic waters of the bay. see supl 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 2B/2B on upper levels, 1B/1B nonconforming apt/storage area, open water views from living room, kitchen, dining room, 3rd floor master suite, covered patios & elevated spa plus gated & fenced entry, garage/carports and deep-water dockage. If sunset is your favorite color, look no further 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.
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.
Canal front home in prestigious Venetian Shores. The open concept kitchen, living & dining areas open to a large screened porch which overlooks the 100ft. wide,deep water canal with direct access to Snake Creek. An interior staircase leads to main living area with 3bd.2ba. and laundry room. The downstairs apartment is 1 bd.1ba with a kitchenette. 70ft concrete dock w/fish cleaning station. Florida Keys Real Estate and Homes For Sale.
Boaters Paradise property in Islamorada on Treasure Harbor boat basin & 2 homes in from the open Atlantic! 160 of protected deep-water dock, this property can accommodate larger & multiple boats.3 bedrooms 2 baths plus garage. Interior staircase. Solid concrete construction including the roof. Roof-top deck with wide open ocean views! Impact windows. Pvt boat ramp. A must experience Property! 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.Marble entry,3 large bedrooms with California built in walk in closets,4 baths,bonus room,dock wih chickie hut and 2 boat lifts, pool with view of the bay, all completely fenced. call Owner/Agent, no sign on property. Florida Keys Real Estate and Homes For Sale.
BEAUTIFUL ALL CONCRETE HOME in DESIRABLE VENETIAN SHORES! Spacious turn-key home offers 2bd/1.5ba up, 1bd/1ba down(legal bath), impact windows and doors, granite kitchen, large screened porch to relax overlooking the water, 70 of concrete dockage with boat lift and immediate ocean and bay access. Florida Keys Real Estate and Homes For Sale.
The ocean is calling you from Tarpon Point, an exclusive enclave of 12 oceanfront residences. Designed to meet the ultra-high standards of the developers, this exceptional home allows for the most advanced building techniques to include a full home generator. Spacious four-bedroom, four-bath home with elevator, top of the line kitchen to include a Wolf gas stove and sub zero refrigerator Florida Keys Real Estate and Homes For Sale.