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.
Awesome, bayfront, property on Lower Matecumbe with everything a family needs to enjoy the Keys lifestyle! Deep water dockage, natural private sand beach, endless bay views, tiki hut with bar, and thats just outside. Inside enjoy travertine floors, media room, custom glass etched bar, cargo lift, separate laundry room and remolded 1/1 downstairs . Perfect for any fisherman the property is conveniently located with endless access to inshore angling and a short run to ocean with no fixed bridges. Owner financing possible and a realistic price make this a must see. More photos coming soon! Florida Keys Real Estate and Homes For Sale.
Ultimate Sportsmans Paradise: Perfect for large families, corporate retreats, or investors looking for rental income! Stunning ocean views, with crystal-clear, deep-water, protected dockage, along the 100+ feet of brand new Ipe wood dock for your offshore yacht, large center console, bay boat, skiff, and all of your water toys! Brand new renovation! This property totals ten bedrooms and six bathrooms in two units, with four kitchens and laundry rooms. There is room for everyone in luxurious comfort. Use one half, both halves or rent out a half, depending upon your needs at the time. The options are limitless. All impact windows and doors and a new metal roof, this property is made to lock and leave for carefree living. Florida Keys Real Estate and Homes For Sale.
LAS PALMAS BEACH HOUSE dare to dream on your own private sandy beach w/amazing unobstructed view. Imagine yourself lying in a hammock between palm trees overlooking your own sandy beach enjoying the breeze & turquoise water views. This is the perfect Keys getaway retreat. Drenched in natural light from the expansive glass doors overlooking 100ft of beach. This spacious beachfront home is newly renovated from top to bottom w/large galley kitchen with quartz counters, white cabinets & an open floor with modern design. Enjoy sunsets every night as well as a wrap-around balcony terrace that boasts breathtaking waterfront views. Just steps from its secluded beach & soon to be reconstructed dock, this property is perfect for boaters & water activity enthusiasts. 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. 2 legal units Florida Keys Real Estate and Homes For Sale.
Experience the allure of coastal living at this waterfront pool home. This 4 bedroom house is nestled in Port Largo, a waterfront community with some of the best direct, deep water, ocean access in all the Florida Keys. Enter this recently updated residence with new hardwood floors and immediately feel at home. The downstairs foyer provides an interior access to the 2nd floor which has 2 bedrooms, 1 bath, the living and dining areas, the newly updated gourmet kitchen and 2 terraces. The 3rd floor has another bedroom and the expansive master bedroom and exquisitely designed master bath. Explore some of the worlds best offshore reefs and fishing from your 75 ft dock. The outdoor living area is equally as inviting with its outdoor kitchen area, covered gazebo and in ground pool. The concrete Florida Keys Real Estate and Homes For Sale.
Abundance Galore! Custom built, beautifully appointed and spacious 8 Bedrooms, 5 Baths and 2 Half Baths, CBS home, located in the desirable, waterfront community of prestigious Port Antigua which features an expansive, almost 1,000 feet of white, sandy beach. This is a unique home. Although built as a single-family home, it can function as a duplex to accommodate a large, extended family or group of friends, with a common 1st floor entertainment area with 2 bedrooms, 4 bedrooms on the 2nd level and two master bedrooms on the 3rd level. A total of 4 bedrooms on each side, completely private and locked off from the other side if one so desires. Florida Keys Real Estate and Homes For Sale.
Live on Florida Bay! This charming island-style 3/2 has open water views, a dock with 4-post boat lift and a sandy beach area in desirable Buccaneer Point. Just come down, relax and unwind! With new impact windows (2017), new metal roof (2015) and fresh paint, this one is ready to move in and enjoy. Located on an extra large lot, there is plenty of room to park trailers, RVs and other toys, plus theres a 2-car carport. Theres also a large storage room/workshop, fenced backyard, hot tub and new outdoor shower. Kick back on the open water view screen porch or in the large top floor master suite with bay view balcony. Offset your expenses with repeat rentals if desired. This perfect Keys retreat is only an hour from Miami. Dont miss this great opportunity! Florida Keys Real Estate and Homes For Sale.
Waterfront Commercial CBS Building, with additional vacant lot & 3 boat slips plus 70 of additional dockage! This is a rare & excellent opportunity for someone to buy this piece of property. 140 of waterfront, and a total of 13700 sqft of land, 3rd, and 4th lot in from Ocean, providing excellent boating access. Two story concrete building with 1740 sqft under a/c. New roof, 2 new central a/c, new oversized chickee hut, Direct Ocean access to the best dive spots/reefs & fishing spots in Key Largo. You could operate your business from here & live upstairs, or simply have offices upstairs, & run the business downstairs. Rent the upstairs living quarters & run business downstairs. There are a lot of options & business opportunities here. With an open mind you could do a lot from here. Florida Keys Real Estate and Homes For Sale.
OCEAN VIEWS! CBS Home with Concrete Roof, Impact Windows & Doors. Cut in boat slip 22 X 36. Third lot in from Ocean. Granite & Quartz kitchen w white cabinetry. Spacious living areas. Each Bedroom has its own Bathroom. 2Bd/2Ba each floor with inside stairway and separate entrances to each floor. Can be used for a large family or 2 families. Ground level storage room. Direct Ocean access canal at MM 100 location. Florida Keys Real Estate and Homes For Sale.
Luxury awaits in this oceanfront pool home with panoramic ocean views that will take your breath away. Recently updated this elegant home features 4 Bedrooms/5 Baths that includes 2 Master En Suites for added privacy. Relax in the in ground pool or hot tub oceanside while enjoying panoramic views and keys breezes. This home also has a 2 car garage, a large indoor/outdoor entertaining area w/ full bar, a cabana bathroom and an incredible 295 T Dock with private boat lift. This home exudes luxury living. Great for entertaining and access to your favorite fishing spots and boating adventures. This home comes fully furnished and is move in ready. Florida Keys Real Estate and Homes For Sale.
Escape to carefree, amenity rich living and boating at Key Largos Mariners Club. This luxurious oceanfront ground floor Sailfish unit offers spectacular direct views of the Atlantic Ocean and very close proximity to your 60 boat slip. The spacious 2,635 square foot living area is designed with rich finishes and expansive living areas, including a covered oceanfront veranda to enjoy the water views. You and your guests will have plenty of room to relax with three bedrooms, three baths, a bonus room, and a professional kitchen. Enjoy your choice of swimming pools, play tennis and pickle ball, stay fit at the fitness club, and even host a family or corporate gathering at the clubs conference facilities. This unit is island living at its best in Key Largo. Florida Keys Real Estate and Homes For Sale.
No expense has been spared during the complete renovation of this Prestigious Port Antigua home. The community boasts a fabulous bay front beach and private boat ramp for residents only. Experience serenity upon arrival at this tropically landscaped home with circular paver drive and views of the sparkling canal. Follow the stairwell to the main entrance, or use the elevator from the carport to enter this lovely home where everything is new. Step onto Snow Pine porcelain flooring throughout. High ceilings with LED lighting evoke the sensation of extra spaciousness. Windows and doors are all impact resistant with Plantation Shutters. The kitchen is bright and airy with custom cabinetry, quartz countertops and mosaic tile backsplash, including an island providing additional cuisine prep Florida Keys Real Estate and Homes For Sale.
Stunning waterfront home barely used and offered furnished ready for immediate enjoyment! Three story concrete home, metal roof, impact windows/doors, double carport, interior staircase, four ensuites, expansive porches, open living, granite counters, travertine floors, custom kitchen, laundry room, so much more. Everything in impeccable condition in this bright and open residence. 65 feet of waterfront with 40ft concrete dock, ready for boat lift. Deep water access, excellent for large boats. Enjoy the ammenities of the Port Antigua sugar sand beach and boat ramp. Florida Keys Real Estate and Homes For Sale.
Pre-construction! No waiting to build your dream home in paradise! Building permit in hand for main house, guest house and caretakers cottage. Dockage assured in Village Council Meeting. THE CROWN JEWEL OF ISLAMORADA is a must see - Over 21 acres spanning from US-1 to the beautiful bay. Over 1250 feet of secluded bay front! Running from US-1 to the bay, your estate insures privacy and seclusion like no other as well as year round sunsets. Fish, snorkel and swim in your own secluded cove, or fish, kayak and paddle board in your very own free flowing creek (historically known as Little Snake Creek) connecting two salt water lakes loaded with tarpon and snapper. A very rare opportunity to own a true trophy estate in the Florida Keys. Perfect for a family compound or corporate retreat Florida Keys Real Estate and Homes For Sale.
Enjoy astounding views upon entering this estate home with soaring ceilings and floor-to-ceiling windows. The home is set on nearly a half-acre lot and offers eight bedrooms and six-and-a-half bathrooms. Views of Snake Creek and the ocean beyond can be seen from screened-in balconies on all three levels. A beautiful screened-in pool and spa, 100 feet of protected dockage and mature tropical landscaping with lighting complement the outdoor oasis. The home is complete with a double four-car garage, separate guest quarters, an elevator, and a gated driveway. Florida Keys Real Estate and Homes For Sale.
Hard to find a property like this! 1 canal from the Ocean. This 4B/3B home screams Key Largo from the moment you enter and discover every nook and cranny. Spacious open living and entertainment area combined, complete with Nautical Style Chefs Galley Kitchen loaded with goodies. Custom Bar built to fit. Living area opens up to a 440sf screened patio with built in stainless gas grill. This home comes completely furnished, check out the loft with pool table and a private balcony. 20 x 32 Covered Boat slip with 2 boat lifts & overhead lighting. Just 15 minutes to Molasses Reef once you crank the motors! Completely Fenced, walled and Gated with Custom Designer Gate. Come to Key Largo and call for an appointment! Florida Keys Real Estate and Homes For Sale.
Welcome to BEACH CHIC. A Tropical Modern Escape - The perfect pool home to relax & enjoy outdoor living all year long. This stunning CBS home has been recently & tastefully renovated. Open & spacious floor plan offers soaring high ceilings throughout, large gourmet kitchen, quartz island-bar. Custom driftwood lighting in dining area with buffet, wall of windows with natural lighting. Wood look tile floors throughout. Impact windows & doors, concrete roof. 70 concrete dock with 24k LB boat lift, Gated entrance with covered parking area, large entertainment area with teak pergola. Gorgeous lush landscaping located in Prestigious neighborhood of Port Largo with deep water access. Large playroom w/wet-bar & bath on 1st floor. Outdoor area to entertain. Only 1 hour from Miami. Florida Keys Real Estate and Homes For Sale.
ONE OF FEW SNAKE CREEK PROPERTIES! PRESTIGIOUS VENETIAN SHORES is offering the perfect location for the avid boater/fisherman making it the supreme location in Islamorada offering DEEP-WATER DOCKAGE and immediate ocean and bay access with BEAUTIFUL WATERVIEWS! Brand new dock and seawall surrounding a relaxing poolside atmosphere. The interior of this spacious home allows for 4bd/3ba, large living area upstairs and downstairs, rooftop deck to enjoy an even better open water view. Also offered is an elevator and garage. This home is the perfect property to remodel to your own taste and enjoy the FL Keys Lifestyle! Florida Keys Real Estate and Homes For Sale.
Beautiful Mediterranean-Style Custom Pool Home with 80 ft., of dock with deep water ocean access. This home has an excellent floor plan. DOWNSTAIRS: 2 spacious bedrooms, 1.5 bath, den used as an office can be 3rd bedroom or Rec Room. Unique living space for Multi-generational living. Kitchen with Extra-long granite peninsula with double pantry, Expansive Family Room with cozy fireplace and many built-ins. Formal Dining Room, Living Room with 20-foot ceiling. Wet bar in the patio area off of the living room. THROUGHOUT THE HOME: Large windows for plenty of natural light, UPSTAIRS: Over-sized master bedroom with 2 balconies, Master Bath is spacious, generous sized walk-in closet, Sitting Area & another room can be library or media room. OUTSIDE: Low-maintenance backyard, 2CG,Pavers Florida Keys Real Estate and Homes For Sale.
Take in the sweeping waterfront views from this top floor Angelfish Cay condominium. This perfectly located residence is steps away from all the vibrant social and recreational activities of the Tennis & Game Center. Beautifully and completely renovated, this waters edge condominium features two bedrooms, a den and three full baths. Soaring vaulted ceiling complement the generous open floor plan, with updated kitchen and great room, tile flooring, finely crafted wood cabinetry, granite countertops and stainless steel appliances. Open the glass doors to your private screened patio, and enjoy quiet morning time and sunrise while you feel the ocean breeze. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Hammer Point! 4B/4B Custom Built Pool home with Garage. Brand new construction with top shelf finishings. 11 Tray Ceilings w LED lighting and wood floors throughout. Chefs Kitchen with Quartz counters and SS Thermador appliances. 1B/1B at ground level. Elegant stairway to 2nd floor foyer. Huge main bedroom suite on 2nd level with walk in closet, luxurious bathroom and private balcony all overlooking pool & canal. Ensuite Bedroom and Bath with walk-in closet and private balcony. A 3rd Bedroom and family Bathroom. 7600 sf lot with 40 foot of dockage with Davit Pads. Enjoy the crystal clear water of Hammer Point and quick Ocean access via Tavernier Creek. Florida Keys Real Estate and Homes For Sale.
LUXURY OCEANFRONT RESIDENCE IN ISLAMORADA at Tarpon Point offering captivating and incredible oceanviews! You will fall in love with this spacious 4bd/4ba custom built home which is one out of 12 quality built homes situated in a superb location. Relax on the terrace and take in the onshore breezes and clear waters of the Atlantic ocean! Or relax poolside with an oceanfront setting. Weekly rentals allowed making this a wonderful investment opportunity. This is what Living the Florida Keys Lifestyle is all about! Florida Keys Real Estate and Homes For Sale.
Quintessential island-style casual living from this gated beach house on Florida Bay, featuring forever sunset views, free-form heated pool & spa, bayfront chickee & protected deep water dockage. Brand new kitchen with quartz countertops, marble island, soft-close cabinetry & stainless steel appliances. Lots of windows bring natural light & spectacular water vistas into this easy, open interior. Vaulted ceilings & panoramic bay views from the spacious second floor master bedroom. Florida Keys Real Estate and Homes For Sale.