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.
Located in the desirable waterfront neighborhood of Venetian Shores, this well maintained 3-bed, 2-bath home offers high ceilings, deep-water dockage with immediate access to both the Atlantic Ocean and Florida Bay. Located on the most private street in the neighborhood, with only mangroves living across the quiet canal between you and the Bay. Florida Keys Real Estate and Homes For Sale.
Exquisite 4 bedroom 3 bath home constructed in 2005 looks and shows like a present just unwrapped!Spacious 2284sf living space, vaulted ceilings,Stainless & Granite kitchen, Travertine marble, waterfront balcony great for entertaining in or out.60ft dock, generator, legal 1st floor enclosure. This is not your average keys home! Quality finishes throughout, impeccably maintained.Shown by appt only. Florida Keys Real Estate and Homes For Sale.
Georgeous Mediterranean Oceanfront Home with fantastic Ocean views and sunrises, The Cool side of the Street. Yes here in the Fla Keys, 10 feet draft with almost 300 feet of dockage! Up to 110 yacht not a problem! Plenty of room for tennis courts or pool. And lots of room for the toys, jetskis, skiff, and tender. Unique Opportunity. Owner financing with 30% down Possible to qualified buyer. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Bayfront, all concrete, skiff dockage at your back door plus large boat dockage in community boat basin. Great bayfront views, lot also includes canal frontage.Kitchen updated with granite counter tops. Easy to maintain landscaping. Florida Keys Real Estate and Homes For Sale.
This upper Sugarloaf home is truly a remarkable property nestled by the Great White Heron Wildlife Refuge overlooking gulf front waters. Acres of nature's wonders can be viewed from the 2 large open decks. Open water views abound from every direction. The long walk out dock wanders through the undisturbed mangrove tidal flats where many of our native species can be spotted like the great white Florida Keys Real Estate and Homes For Sale.
PARADISE ON THE OCEAN-Relax in this tropical paradise. Three bedroom three bath home is situated on a raised open water lot loaded with exotic vegetation, and an endless sunset view.At ground level there is a peaceful and private pool, entertainment area, full length concrete dock with boat lift and davits (with loads of room for private sunbathing), all with great open water views. Florida Keys Real Estate and Homes For Sale.
Custom large family all concrete PREFEMA bayfront home. Legal living areas on both floors with connecting 5' inside stairway. Every extra one could imagine! Concrete roof & walls with a large 3rd floor attic and tin roof. Boat ramp and boat slip with davits. Boathouse & fish cleaning table. Gardening shed. Tropically landscaped & all fenced & gated. Florida Keys Real Estate and Homes For Sale.
Bay front compound offers 7 residences comprised of 2 duplexes and 3 homes on over 1.5acres of prime Islamorada real estate. Immediate back country & offshore access. Dockage for multiple vessels from large to small, variety of lifts & davits & boat ramp. Fresh water bay front swimming pool & pavilion. Gated & fenced, paved drive. Perfect for redevelopment or use as is for residence and or income. Florida Keys Real Estate and Homes For Sale.
Sophisticated canal front home, w/direct Ocean and Bay boat access. Recently remodeled throughout; Gourmet kitchen, granite, wine chiller, ice maker. Bamboo floating stairway, dining area, two sitting areas, master suite, three guest suites, powder room, laundry. Impact glass, in-ground pool, outdoor shower, tropical landscaping, deepwater dock. Perfect for enjoying the Keys waterfront lifestyle. Florida Keys Real Estate and Homes For Sale.
Watercolor Views from this spectacular Oceanfront location are unsurpassed. Concrete home with plenty of amenities. High impact windows & doors. Marble, granite and stainless. Imported bronze double front door welcomes you into this estate home, that lavishes you in Paradise. Overlook the Ocean while relaxing in the pool. Boat lifts, concrete docks, boat basin. Gated, Fenced, Garages. Tackle room. Florida Keys Real Estate and Homes For Sale.
Beautiful canal-front home,in a ready to move in condition! Built in 2008 this spacious 3 story home offers 3 bedroom & 4.5 baths.Each bedroom,with its own bath,also offers ample closet space.The Master Bedroom/Bath with sitting area is located on the 3rd floor for ultimate privacy. Ocean/Bay access are accessible from the 70' Concrete and TREX composite dock with 12k lbs. boat lift Florida Keys Real Estate and Homes For Sale.
DESIRABLE VENETIAN SHORES! is offering two lots with a solid concrete home and legal downstairs living quarters. House sits on 100x100 lot and a vacant 100x100 lot. Excellent potential, excellent ocean/bay access, deep water concrete dockage. Florida Keys Real Estate and Homes For Sale.
ATLANTIC SUNRISE ON PLANTATION KEY! Two acres oceanfront with 250 ft on the water. Letter from Village of Islamorada gives this parcel 4 legal single family dwelling units and 3,255 sq. ft. of commercial area. A duplex and 3 bay garage are on the property, along with a boat basin and 2 boat ramps. Think of the possibilities - build your dream compound or use the duplex, add 2 houses and Florida Keys Real Estate and Homes For Sale.
Extraordinary location! One of 12 direct oceanfront homes on 3.3 acres on Lower Matecumbe. Spacious home with unparalleled views offering exceptional quality throughout. Tarpon Point features the most advanced building technologies while still offering the charm of an Old Keys style setting. Come visit today and see why this is such a rare opportunity! Florida Keys Real Estate and Homes For Sale.
Tropical Sunrises - Immerse yourself in gorgeous sunrises over the Caribbean Ocean from this beautiful Summerland Beach location. This open water, pre-firm home sits on one of the largest parcels of land on the Beach and has been beautifully renovated to create a soft Caribbean atmosphere.(See Suppliment Tab in MLS for additional details.) Florida Keys Real Estate and Homes For Sale.
Casa el Paraiso describes this contemporary Old World architecture and design in prestigious Buccaneer Point on Florida Bay. Experience unsurpassed Bay views, true serenity and luxury in this estate home from the moment you enter through the pineapple gate, lush tropical garden and inside the Grand foyer. Florida Keys Real Estate and Homes For Sale.
ONE OF A KIND! Unique protected boat basin w 240' of Harbor. Bayfront Pool Home, designed for direct spectacular Bayviews. Older home updated in 2005 w addition & guest quarters above 3-car garage. Both sections of the home surround the pool and Sandy beach facing the Bay w Year Round Sunset Views. Cabana w/half bath, shower. Concrete Dock w/Davits, water, shore power, cable. OWNER FINANANCING. Florida Keys Real Estate and Homes For Sale.
OVER 2.9 BAYFRONT ACRES with CBS cottage. Build your estate home here. Pier dock with davit pads provides deep-water dockage for several vessels.100 feet on the bay! Florida Keys Real Estate and Homes For Sale.
Remarkable newer built home in prestigious Cudjoe Gardens. With a very unique layout, enjoy 4 bdrms, 4 bth, 2 halfbaths, a separate guest quarter, office, gym, library loft, high ceiling living rm, fans & tile flooring throughout, wonderful patio looking to the Atlantic Ocean w/a fenced garden backyard, tropical maintained grounds, and pool. Concrete dock w/deep boating access. Many more features! Florida Keys Real Estate and Homes For Sale.
Privacy abounds at this resort like residence. Water frontage on 2 sides offers seclusion that is hard to find. Totally updated home provides 2 master suites in nearly 3000 sq. ft. Gourmet kitchen with granite countertops and stainless appliances.2 bayfront lots with deep water dockage, cut in boat slip, boat lift & beautiful sandy beach. Fenced & gated with mature landscaping.Owner/Agent Florida Keys Real Estate and Homes For Sale.
Magnificent Estate with pristine finishes,hand selected materials and attention to detail that meet your eye at every level.This home boasts 4 bed. suites,guest quarters,gourmet kitchen with glacial blue granite,formal dining room with eat in kitchen,spacious living room with wet bar,Infinity sound system,multiple covered decks,custom heated & chilled pool,waterfalls,bridge,6 car garage and more!! Florida Keys Real Estate and Homes For Sale.
Paradise Found! Endless Sunrises, White Sand Beach, and a Charming Island Cottage. Estate Features a recently renovated 2 Bedroom/ 2 Bathroom Solid Concrete Home, Detached Garage/ Workshop, Central A/C, 1.1 Tropical Acres of land, PLUS a 1,700 SqFt 3 Unit Commercial Building. All located in walking distance to popular restaurants and shopping in the Heart of Islamorada. Florida Keys Real Estate and Homes For Sale.
Charming beach front bungalow, solid as a rock AND 47' dockage on protected canal! Ground level 4/4, terrazzo floors, impact glass windows...your Florida Keys hide-away on a rare white-sand beach. Offered furnished for your convenience. Keep your boat right behind your house with quick ocean and bay access...best of all worlds! Florida Keys Real Estate and Homes For Sale.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys Board of Realtors Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than (Shoreline Properties) are marked with the MLS Log and detailed information about them included the name of the listing brokers office.
