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.
Sombrero Isle home designed for Keys living. Designer gourmet kitchen, stainless appliances, ocean colored glass back splash and beautiful granite eat at bar. Many upgrades including impact windows and impact glass doors, boat lift, dock extension, security system and upgraded electricalsystem. Deep water dockage for multiple boats and personal watercraft. 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.
Sunset Splendor in Islamorada - FL Keys! The perfect couple's retreat built for two with some extra room for family and friends. Relax with a glass of wine in this home's backyard paradise and watch the sky turn vibrant colors, as the sun sets each day over Florida Bay. This home offers the perfect combination of luxury, design and location. The beauty is in the details! Florida Keys Real Estate and Homes For Sale.
Custom & Updated 2 story Bay Front home. Spacious, open split floor plan. Extra large, Deep 11/2 lots(17,078SF),78 feet on the water. Back faces South and offers spectacular sunsets. Pool & pool bath, cov.terrace,garage/Storage space at ground level. Full service deep water dock can accomod larger boats. Fabulous Master, top of the line materials & decorator touches complete this Tropical Paradise. Florida Keys Real Estate and Homes For Sale.
Enjoy fabulous sunsets by the Atlantic Ocean in this colossal open water home in prestigious Summerland Cove Isles - This concrete home boasts gorgeous sunsets and soothing views of the turquoise waters of the Atlantic. The home has 4 bedrooms, 3 bathrooms, including a huge second story master suite, and over 3,400 sq. ft. of living area and approximately 1512 sq. ft. of open and screened porches. Florida Keys Real Estate and Homes For Sale.
Bay Front Beauty,Custom built home featuring 4Br/3Baths, cathedral ceilings,granite counter tops, garage,carport,electric gate,125 ft.pier dock w/20,000lb boat lift. breathtaking view of open bay and intercoastal. Florida Keys Real Estate and Homes For Sale.
Mini Estate, private, OPEN WATER, boat basin, heated pool, dock & davits, fresh water pond. This large home has it all. Five bedrooms 3 baths. Three floors, main floor.. 2 bedrooms 1 bath, living room, dining & kitchen. Step down to Master suite with your own washer & dryer. Lower level 2 bedrooms 1 bath,TV area and laundry room. Enjoy this gem in the heart of Sugarloaf Key. Florida Keys Real Estate and Homes For Sale.
Beautiful 3 bedroom 2.5 bath Bay Front home on Sunset Cove in Key Largo, FL just pass Mile Marker 98. Property features spectacular Bay views and boat dock. Property features a private dock and Seawall with Davits. Kayak rack. Fenced in yard with Barbeque. Upstairs and downstairs porches. The house is on septic water but is available for sewer hookup. Florida Keys Real Estate and Homes For Sale.
This is a great commercial property that is a virtual blank slate for a developer. Formerly known as Coconut Palma's, the property has been cleared with only the shell commercial structure still standing and newly built 587 linear feet of direct ocean front dockage. The property carries 4 ROGO rights, the commercial structure and dockage w/ 22 permitted slips. The old gas tanks have been removed Florida Keys Real Estate and Homes For Sale.
Stirrup Key's Pearl on the Bay! Unobstructed open bay views. Turn key home with upgrades that match the splendor of this view and location. Deep water dockage in protected marina w/ 10,000 lb lift, & 5000 lb boat elevator on your pier. Dream kitchen by D'Asign Source, with Viking professional range, wine cooler, ice maker, under cabinet refrigerator drawers & more. Huge open living spaces & master Florida Keys Real Estate and Homes For Sale.
Tranquil 2 +/- acre estate, featuring 2 homes. Main is a 3 bedroom 3 bath with attached garage and carport. 2nd home is a large 2 bedroom 1 bath located above a huge 4 car garage . Both homes are all concrete construction, including roofs. Beautiful ocean views from each house and rooftop decks offer even more spectacular vistas. 150' sandy beach, fruit trees and lush native landscaping. Florida Keys Real Estate and Homes For Sale.
Islamorada Beach! OPEN OCEANFRONT ESTATE with expansive white sand BEACH, POOL and open OCEAN VIEWS on nearly an ACRE of land. This custom concrete home is a 3/2 upstairs with a 1/1 guest apt. down. Enjoy gorgeous open ocean views from the living room, kitchen, dining room and guest quarters. This secluded Islamorada oceanfront estate is a popular rental if desired to offset expenses. Call today! Florida Keys Real Estate and Homes For Sale.
Large home on private Manor Lane. Privacy abounds in this home on two lots, with the golf course across the street, and no homes on the other side of the canal. Deep water dockage. Sailboat Accessible on Sombrero Isle. Large Entry Foyer with two story ceiling height great room. Addition has Impact windows and doors and Elevator. Room for a pool. Priced right. A MUST see. Florida Keys Real Estate and Homes For Sale.
Spectacular 4/3 oceanfront estate on 1.2 Acres w/stunning beach & oceanfront pool. Picture perfect ocean views & breezes are enjoyed from all living areas & on upper & lower screened verandas. Fully furnished, cathedral wood-beamed ceilings, 2 fireplaces, dock, 16-car garage, workshop, seaplane/helicopter parking, RV parking, owner financing, & great rental income as transiet rentals are allowed. Florida Keys Real Estate and Homes For Sale.
Ocean Front Cottage 2 bedrooms 2 bath with wide open ocean views and breezes. Spectacular Sun rises and Full Moon. Quiet street away from the highway road noise. Large, private, gated and fenced lot. Dock with swim platform and davits. Pool and deck oceanfront + private Hot Tub. Comfortable, cozy, furnished home with open living area and wide oceanfront deck. Florida Keys Real Estate and Homes For Sale.
A winding brick-pavered drive leads you to your more than 1 acre oceanfront oasis. This beautiful home offers spectacular views of the Atlantic and a large screened balcony runs the width of the home offering a great place for dining or just relaxing and enjoying the seemingly endless vista.Featuring an in-ground pool and 150'of sandy beach, giving you choice of swimming, water play or fishing. Florida Keys Real Estate and Homes For Sale.
Beautiful Bay front home. Quiet location at end of street offering privacy. Totally updated providing 2 master suites in nearly 3000 sq. ft. Gourmet kitchen with granite counter tops and stainless steel appliances. Deep water dockage for multiple boats with cut in slip, boat lift, and 50' pier. Waterfront is completely seawalled. In ground pool, fenced and gated with mature landscaping. Florida Keys Real Estate and Homes For Sale.
Gorgeous tropical setting with beautiful mature palms providing privacy and a peaceful environment. Ocean Views from the 3rd level. 4BR/4BA with oversize balconies and an outdoor kitchen by the pool. All finishes are first class with travertine floors, wood cabinets and granite counter tops. 60' of concrete dock with an elevator lift and a davit for all your water toys and fish cleaning station. Florida Keys Real Estate and Homes For Sale.
ARCHITECTURAL BEAUTY IN VENETIAN SHORES! Uniquely designed ahead of its time! Contemporary home in Islamorada's premier waterfront community offering deep water dockage, 3B/3.5B on three legal living levels, glass doors, walls of windows, tall vaulted ceilings, numerous outside patios on all levels overlooking mature Royal Palms plus the most amazing roof top sun deck for canal, bay & sunset view! Florida Keys Real Estate and Homes For Sale.
Unforgettable Keys Estate located behind a security gate, with lush tropical landscape, irrigation, bug mister, whole house generator, total remodel, beautiful views from every room,about 3 acres total. fenced, beach, tike bar, one of a kind pool.Everything is permitted, and the boating, boats slips, ramp, great draft, davits, garage, secutity, This home wins first place. OWNER FINANCING Florida Keys Real Estate and Homes For Sale.
Stunning Open Water Property this home sits on a 16000+ sq ft lot with 52 ft of canal frontage and 128 ft of Open Water, this 3 bedroom 3 bath home stiltwith impact windows, screened patio for sunset views is a must see. Florida Keys Real Estate and Homes For Sale.
Spectacular Sunset Views - Relax by the bay front tiki at sunset. Home features concrete high ceilings, large balcony, kitchen and living room overlooking the open water view. HUGE patio on the ground level with hot tub and lots of seating area. Bonus room with permitted bath below. There is a ton of parking for cars, trailers, RV and even room for a pool. Enjoy all the fishing Florida Keys Real Estate and Homes For Sale.
Welcome home to Angler's Reef! Beautiful ocean views in the premier unit. Best location, beautiful views from your porches off the master and the living room. Upgrades galore. Wonderful amenities. Be at the reef in 10 minutes from your deeded 31' boat slip. Upgraded/bigger slip (46 foot) available for $250,000.4/3 unit w lots of storage. No detail left unfinished in ultimate style. COME SEE! Florida Keys Real Estate and Homes For Sale.
Panoramic water views from a large patio and 6 rooms of the house overlook shelter Harbor from this exceptional property which includes 2 master bedrooms with a 50 foot private dock and a 780 ft.2 over-sized enclosed garage and workshop. Florida Keys Real Estate and Homes For Sale.