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.
In the center of Islamorada,open water view with deep water dockage. Has been family residence with 7 day rental licenses.This home was updated and enlarged for extra living space. Boat basin and chickee hut invites you to relax and enjoy the scenes of the Bay. Florida Keys Real Estate and Homes For Sale.
DESIRABLE BUCCANEER POINT is offering an opportunity to customize your dream home! TWO LOTS with 100 of waterfront! Customize the existing tri-level concrete home currently designed for main living area on 2nd floor with 2bd/2ba; third floor is huge master suite or could be divided up into additional bd/ba and a large rooftop deck to take in the gorgeous waterviews. Florida Keys Real Estate and Homes For Sale.
One of a kind bay front estate with 2 homes, deep water dockage, private boat basin and a 40x20 Infinity pool with Jacuzzi on an amazing, gated 2.75 acre lot stretching from Overseas Hwy to the Bay. Now is your chance to own the most spectacular new home in the Florida Keys with time to select the finishes. The main three story 5500 SF House is under construction & will feature 5 bedrooms and 6.5 bathrooms with a 2 story great room, state of the art kitchen, elevator, media room and sprawling balconies overlooking the bay. The property will also feature and outdoor kitchen and entertaining area. The 2 bedroom / 2 bath 1029 SF Guest House is completed and ready to be lived in. 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.
Beautiful Port Largo home. This gated property is where you will find a sprawling 5 bedroom, 3 bath CBS home with a pool & deep water dockage. Lovely formal entry foyer with stairway leading to the second level living area, a cooks kitchen updated with wood cabinet fronted appliances, Sub-Zero Refrigerator and Aga gas stove. This second level also has 3 spacious bedrooms and Florida Keys Real Estate and Homes For Sale.
Ocean Front PLANTATION SHORES IN TAVERNIER! Custom built CBS home by a premier builder, architecturally designed Great room features an Island kitchen, 3 en suite bedrooms, a pitched concrete roof that creates a frame for the breathtaking views of the Atlantic as you enter the home. Panoramic ocean views from the entire east side living and porches provides serenity and ocean breezes every day. Florida Keys Real Estate and Homes For Sale.
CARIBBEAN BREEZE in prestigious Port Largo. Cool off, relax and unwind in your new spacious pool side corner over sized lot. Kick back and chill in your piece of paradise fully furnished 3/3 updated kitchen and baths with plantation shutters, gorgeous lighting and other amazing finishing touches. Private master suite on 3rd floor with beautiful large bath with tub and shower with jets. Large walk in closet. Move-In condition, complete with concrete dock, breezeway, large covered terraces, 2 garages and lots of great storage. Seller financing possible. Easy commute to Miami, close proximity to restaurants and shops Florida Keys Real Estate and Homes For Sale.
Outdoor Oasis in Venetian Shores, this home is made for entertaining. All is above flood and very well maintained. The backyard living space is the gathering spot. 100 of dockage, w/ under dock flood lights. The outdoor kitchen has it all - built-in grill, dishwasher, ice maker, refrigerators, TV w/ Bose sound system, and starboard cabinets. Relaxing ambiance can be created w/ the blue glass fire pit, or from the underwater mood lighting in the heated / chilled saltwater pool with the cascading waterfall from the hot tub. The tiki hut is made w/a synthetic thatch and lighted for evening entertaining. Every detail was well thought out, from the 1,000 gallon propane tank, the temperature controlled garage, Generac whole house generator. 5 bedrooms / 5.5 baths in this 4,000sf CBS home Florida Keys Real Estate and Homes For Sale.
METICULOUSLY APPOINTED IN ISLAMORADA! Upon entering this custom-built residence, it is immediately apparent that ultimate attention was paid to every detail. An elegant, 5B/5.5B, Venetian Shores trophy property, with a list of custom features to impress those with the most discriminating taste. Gourmet kitchen offers granite countertops & backsplash, wine cooler, food warmer, Sub-Zero refrigerator Florida Keys Real Estate and Homes For Sale.
Bay Front community! Private-Gated entrance. Seven Acres Subdivision. Concrete home with cut in boat slip on deep water canal. 2 car garage. Concrete Roof, Huge kitchen with newer cabinets and granite tops. Davit boat lifts, Huge shade trees. Just north of Tavernier and Hammer Point. 3 full baths, 1 1/2 bath, lots and lots of space!! This home is fantastic! Florida Keys Real Estate and Homes For Sale.
Waterfront 4BD/3BA concrete pool home in one of Islamoradas best neighborhoods! Perfect for boating with 60 concrete dock & davits and water/electric at dock. Only a few homes from the open bay. Gorgeous heated pool, large porch, landscaped yard & top deck with open water views. Upstairs 3/2 with separate 1/1 down. Upscale finishes and charming touches! Neighborhood park w/ boat ramp. Florida Keys Real Estate and Homes For Sale.
Oceanfront Estate with Deep Water Dockage. Rare opportunity to own or redevelop! One of the few private estate parcels in Islamorada with 400+ ft. of waterfront on 4.3 acres of upland and some of the deepest oceanfront dockage in the Keys. Winding driveway leads through tropical gardens to the 1934 settlers beach home which is now an updated 3/3 with relaxing Old Florida feel & open ocean views. Zoning allows for weekly vacation rentals. Truly private with no neighbors in sight until the end of the dock. You must experience this property to appreciate the hush of the palms and the historic, peaceful old island magic. Call to arrange a private showing. Florida Keys Real Estate and Homes For Sale.
HUGE OCEANFRONT PARCEL JUST UNDER 3 ACRES IN ISLAMORADA, large deep water basin! 200 on the ocean! You will enjoy this gated compound with a ground level home with many extras including fireplace and home theater screen. Large deck to enjoy the unobstructed oceanviews. This is a rare and unique property! Florida Keys Real Estate and Homes For Sale.
BEACH RESIDENCE: 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. Florida Keys Real Estate and Homes For Sale.
This stunning estate is uniquely designed featuring a 10 bedroom and 11.5 bath home that is nestled on the Florida Bay in Key Largo. This secluded estate rests on about 1.2 acres that is mesmerizing from the moment you enter the gate! The driveway is shared leading you to a perfectly maintained tennis court and parking. Florida Keys Real Estate and Homes For Sale.
Boaters dream! Spacious 2 story family waterfront home in one of Islamoradas premium neighborhoods offering protected dockage on a wide clear canal with instant ocean & bay access. 100 dock with boat lift & davits. 4 bedrooms, 3 baths, attached garage. The central island kitchen is the heart of the home. Outside orchid house, mature landscaping & fruit trees 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.
SNOOK Residence: This Tarpon Point Beauty sits at the edge of the pool and offers spectacular ocean views. A spacious 4 bedroom/ 4 bath home is well equipped with a Chefs kitchen with top of the line stainless steel appliances granite counters. Whole house generator, impact resistant windows & doors and a private elevator. Florida Keys Real Estate and Homes For Sale.
Beautiful gated ocean-front estate property on 1 3/4 acres in the heart of Islamorada. Existing main house has 3 bedrooms and 3 baths, large laundry room and sun porches. Separate 1/1 caretaker quarters. The homes are ready for renovations or replacement opportunities. A peaceful setting colored by bougainvillea and shaded by tall coconut palms, with sandy beach area ready for new possibilities! Florida Keys Real Estate and Homes For Sale.
Extraordinary views compliment this sun drenched oceanfront estate.Home features 5 bedrooms/4baths and is located on two lots capturing over 270 feet on the waterCompletely renovated 2 story home with a gated entry offers a casual living style and is perfect for elegant entertaining.The impressive gardens are surrounded by swaying palms and a two-tiered walk in free formed pool and spa. 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.
Unparalleled, best describes The Sunset Estate. Perfectly positioned on Point Pleasant, this estate includes an exquisitely built 2006 home, and another separately deeded 1963 home, that was completely rebuilt in 2007. The main house was designed by its owner, a structural engineer and is nestled behind the electric gates and perfectly manicured grounds. From the moment you enter the foyer of the main house, its open floor plan takes advantage of the panoramic views of the Florida Bay. The saltwater, 20x30 pool, offers a perfect spot to unwind or entertain. There are 2 docks. A 100 ft dock with concrete pilings, electric (50 amp) & water behind the main house, and a 30 long dock with concrete piling and wood deck behind the guest house, also with electric and water. Combined, the Florida Keys Real Estate and Homes For Sale.
Timeless ClassicThis one-of-a-kind private estate is nestled on 3.48 acres in downtown Islamorada with over 300 feet on the Bay. This enchanting property offers 4 large bedrooms and 4 baths in the main house and two spacious 2 bedrooms/1bath detached guest houses. The bay front includes an enormous deep water boat basin with dockage and an extraordinary island that can be the focal point of sunset celebrations.In the main home, the grand room offers high ceilings with fireplace and formal dining room, family room overlooking the water and 4 master suites. The charming appeal of the guest cottages creates an environment for generations of family and friends to gather. Two car garage, a separate laundry outbuilding, landscaping with fruit trees and gated entry complete this estate. Florida Keys Real Estate and Homes For Sale.
Ted Williams Estate. This iconic estate has a place in Islamorada history and is where old Florida charm meets contemporary living. This estate has it all, a fascinating history, privacy, panoramic bay views, protected dockage, extensive tropical landscaping and the perfect location on Upper Matecumbe Key- walking distance to many of Islamoradas best restaurants and a short boat ride Florida Keys Real Estate and Homes For Sale.