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.
ENJOY STUNNING SUNSETS AND 180 DEGREE BAYVIEWS! PROTECTED 100 FT CANAL FRONT DOCKAGE. IMPECCABLY MAINTAINED SPACIOUS 3 BEDROOM 3 BATH HOME WITH HIGH VAULTED CEILING IN LIVINGROOM, GOURMET KITCHEN, AND LOTS OF NATURAL LIGHT WITH VIEW FROM EVERY ROOM. PATIO'S ON SECOND AND THIRD FLOOR AND A ROOFTOP SUNDECK. AMENITIES INCLUDE ELEVATOR, 15KW GENERATOR, TACKLE ROOM, GARAGE, CARPORT, OUTDOOR SHOWER, 2 Florida Keys Real Estate and Homes For Sale.
Elegant 2,868 sq ft home 3 bedrooms, 2.5 baths, sits on a 19,000 sq ft lot, minutes from the Atlantic Ocean and Gulf of Mexico, offers many customs features, formal Dining Room, soaring 16 ft high ceilings, all 8 ft doors bamboo flooring, custom woodwork, Master Suite with French Doors that lead to Screened LanAI and Library, 163 ft Concrete Dock with 2 boat lifts, fish cleaning table,3 car garage Florida Keys Real Estate and Homes For Sale.
Lovely maintained property on 2 lushly landscaped lots, with an abundance of palm trees & beautiful variety of flora & fauna. Each lot has it's own dock & boat lift, a 10,000lb lift on the concrete dock & 3,000lb lift on vacant lot. Vacant lot has a large, shady tiki hut, perfect for that garden party and lots of room for a large pool,jacuzzi and lots of decking. Very private. Florida Keys Real Estate and Homes For Sale.
Lovely concrete home with endless sunset views. Professionally landscaped yard plus L-shaped dock with boat lift. Open floor plan upstairs with view of Florida Bay from living room and kitchen. Interior foyer entry with extra room downstairs. Some furnishings available. Florida Keys Real Estate and Homes For Sale.
Newly built 3/3.5 + Den CBS Oceanfront Pool home boasting nearly 3,000 SF! This property is abundant in amenities including an oceanfront pool w/spa & a concrete dock w/cut-in boat slip. The well appointed home is highlighted by picture perfect ocean views from all Living Areas & features soaring ceilings, granite chef's kitchen w/stainless appliances, Anderson Impact Doors & Windows & more! Florida Keys Real Estate and Homes For Sale.
Open oceanfront gated estate in Tavernier with dockage, beach-entry pool, 4/4.5 main home plus a separate 1/1 guest house and expansive open ocean views! This highly detailed custom home offers an elevator and two spacious master suites on both the main floor and top floor, both with open ocean views. There's also garage space for 5 cars, a lovely brick courtyard and much more. Must see! Florida Keys Real Estate and Homes For Sale.
Beautiful Oceanfront retreat. Main House is completely renovated with 3 bedrooms and 3 baths, including 2 Master Suites. Guest Cottage has Vaulted Ceilings with a full kitchen and large living area along with a private bedroom and bath. Beautiful unobstructed ocean views and private boat ramp. Oceanside Private pool and Tiki Hut. Florida Keys Real Estate and Homes For Sale.
The Gardens is located on 1.53 acresof mature tropical foliage, with expansive sandy beach, long dock, decorative columns, gated entry and winding Chicago Brick drive. Upstairs, this exquisite home features two bedrooms, two baths, two large glass front porches, kitchen with bar, dining and living room. Double glass doors and windows provide breathtaking ocean views. A wrap around porch Florida Keys Real Estate and Homes For Sale.
Enjoy expansive porches with forever ocean views from this 4BR/4BA home in Historic Tavernier. Custom salt pool & spa by Reef Tropical, pier dockage with boat lift, and sandy beach. Spacious home features plentiful tropical breezes & an abundance of natural light plus updated kitchen, new metal roof, and an elevator. Garage plus large workshop/recreation area. Convenient to all local amenities. Florida Keys Real Estate and Homes For Sale.
Seahorse Bungalow - Serenity can be found here. Travel through the gated entry and brick paver lined driveway which welcome you to this charming and quaint 2 bedroom, 2 bath, pool home. This home is located on desirable Sapodilla Dr. in Lower Matecumbe. Once you enter the home you will be charmed by the atmosphere and captivating views from the living, dining, kitchen and master bedroom... Florida Keys Real Estate and Homes For Sale.
Multi-unit European Art Collector Estate home with breathtaking views of the Costa Rican Central Valley, built by the well-known architect Oscar Aguilar.The main house is a 5000+sq.ft 3/3 with a split level floor plan, two private studies, a library and sauna. There are two separate caretakers quarters onthe property, each a 2/1 or 645sq.ft.A must see property for the discerning buyer. Florida Keys Real Estate and Homes For Sale.
This two-story 3BD/3BA home is located on Summerland Beach on an acre of natural vegetation with gorgeous sunrise views. It features two master bedrooms with ensuite bathrooms, spacious screened porch, barrel tile roof, tiki hut, wood dock, boat lift & boat, covered parking and room for a pool. Great family home or investment property. Zoning allows weekly rentals Florida Keys Real Estate and Homes For Sale.
Fabulous location/ Open Ocean on almost an acre. Landscaped for privacy/ room for a tennis court/ extra garage or guest quarters. It has a pool and a dock permit is in process. This property was renovated in 2010/2011,has a new roof, storm impact windows and doors, new kitchen and new baths. Huge porch under roof on the water side. New pool/2010 Great single family or vacation rental property. Florida Keys Real Estate and Homes For Sale.
Step into the beach entry pool in the nicely landscaped back yard of this Sombrero area home and start to enjoy the Keys. This 3 bedroom 2 bath home with 1,768 sq. ft. of living area has been beautifully remodeled. All tile floors, granite countertops, stainless appliances, cathedral ceilings and a large balcony overlooking the pool and canal area just some of the great features. Just a short Florida Keys Real Estate and Homes For Sale.
FABULOUS PRICE REDUCTION! Quintessential Florida Keys Cottage! Located on the bay with fabulous views and your own beach just steps away. This home will take you back to a simpler time and a slower pace. Keep it and update or use it as a redevelopment opportunity. You will be enchanted by this location in the premier bayfront neighborhood in the Upper Keys. Florida Keys Real Estate and Homes For Sale.
MAGNIFICENT Ocean estate located on prestigious Duck Key. 138' Deep Dockage This luxury home sits on 3 1/2 lushly landscaped lots. A heated swimming pool/hot tub overlooks the sparkling, blue Atlantic Ocean. High end designer, gourmet kitchen features Blue Louise Granite, Solid wood corbels, wine chiller, Sub Zero, Miele Dishwasher & ice maker. Mahogany front door, sliders & windows are impact. Florida Keys Real Estate and Homes For Sale.
Privacy abounds in this beautiful Duck Key Home with 4 on suite bedrooms with Private baths. Custom kitchen cabinets with granite countertops. Huge Custom Pool with Jacuzzi and Grotto and a shallow end. Boat Lift. 100 feet of concrete dockage. Easy access to the ocean by boat. A must see. Florida Keys Real Estate and Homes For Sale.
VENETIAN SHORES SOLID CONCRETE HOME WITH GORGEOUS BAYVIEWS This 2,028 sq ft home has 2BD/2BT upstairs with 1BD/1BT plus a bonus room downstairs. Lush, tropical landscaping, deep water dockage with 15,000 lb boat lift, davits, outdoor entertaining space, and spiral stairs to the roof for amazing BAYVIEWS. Canalfront home with privacy, screened porch, remodeled kitchen and so much more. A MUST SEE! Florida Keys Real Estate and Homes For Sale.
New pics coming soon! A Boater's Paradise nestled within a tropical oasis! This home has so many amazing amenities to offer from the 100' of water frontage overlooking the protected boat basin to the well-planned and lush tropical landscaping, the features offer endless possibilities. Unique to this home are the two owner's bedrooms with balcony access from each room. Florida Keys Real Estate and Homes For Sale.
Beautiful waterfront pool home in Islamorada's most desirable neighborhood, Venetian Shores. Impressive 4 bdrm., 4 1/2 bath home, entertaining gourmet kitchen with granite countertops, soaring ceilings, beautiful great room, private master suite, separate guest quarters, 100 ft. dock, davits and a impressive outdoor entertaining area grill & tiki hut, with pavers and custom built pool and jacuzzi Florida Keys Real Estate and Homes For Sale.
Wonderful oceanfront beach home with boat basin! Breakwater with gazebo creates both protected dockage and a peaceful, oceanside sitting area. Updated and well maintained with three large bedrooms, impact doors and windows. Magnificent ocean views from porch and living areas. Private location with a beautiful nature lot on one side. Large lot plus .12 Acre of bay bottom. Huge storage downstairs. 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 from2,700 to 3,380 square feet of Florida Keys Real Estate and Homes For Sale.
Breathtaking ocean views! This 4 bedroom, 3 bath home offers protected deep water dockage, pool, instant ocean access for the best fishing and diving the Keys has to offer. Master suite, on the 3rd floor, has a panoramic view along with a huge sun deck and an observation deck. Three guest bedrooms and two baths are on the 2nd level. Kitchen has stainless steel appliances and is fully equipped. Florida Keys Real Estate and Homes For Sale.
Come enjoy the open water views this property offers. This is a beautiful home located in Summerland Cove Isles. There is 60 ft. of concrete dockage and is on a wide, deep canal. There is an in ground pool and hot tub with plenty of room for your outdoor entertaining. This home offers a open floor plan with 4 bedrooms and 3 full baths. The master bedroom has a spacious bathroom and open water vie Florida Keys Real Estate and Homes For Sale.