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.
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.
NEWER ALL CONCRETE TRI-LEVEL WATERFRONT HOME offering direct OCEAN ACCESS and easy bay access through Tavernier Creek. Concrete dock with boat lift and davits. Spacious 4bd/3ba; 3bd/2ba on second level, master bed/bath on third level plus an elevator. Large open balconies off 2nd and 3rd floors and a roof top deck to enjoy beautiful oceanviews! This home has so much to offer! Florida Keys Real Estate and Homes For Sale.
SELLER IS MOTIVATED & LOOKING FOR OFFERS!PLENTY OF ROOM FOR YOUR YACHT WITH 140FT. OF CONCRETE DOCKAGE! This ultra modern home with exceptional architecture features a gorgeous open floor plan with expansive windows on all levels, beautiful chef kitchen with Bosh and Sub Zero stainless steel appliances. The first entry level includes a large open room/bedroom, full bath plus laundry room. The 2nd level features an open kitchen & great room with a powder room and a large waterfront master suite. The 3rd level has a bedroom/office & a full bathroom including an outdoor bar overlooking the pristine waterway. Located on 2 lots with 140ft. of dockage with 2 boat lifts, a cut in boat slip, and 2 car garage with a large tackle room. 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.
Nestled in six tropical acres on the bay in Islamorada on Lower Matecumbe Key is this rare parcel boasting over 600 feet of white sand beach and deep water dockage. This spectacular private estate offers 6,198 square feet of living space with six bedrooms and six-and-a-half bathrooms. The guest home offers an additional 418 square feet with one bedroom and one bathroom. Enter down a private driveway cocooned by tropical landscaping and arrive on the doorstep of this stately island-style residence. The distinctive design and craftsmanship are evident upon entering. This one-of-a-kind estate was designed to take in the captivating bay views from every room. Offering an elegant living room, formal dining room, comfortable family room and spacious sunroom with vaulted ceilings. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
What an incredible location with endless views of the bay and deep water dock! This is a corner lot with water on 2 sides, 200 Ft +/- of concrete protected dockage, a boat slip, T dock and jet ski davit . Solid concrete construction including the roof. Expansive glass on the waterside of the house maximizes the incredible views. Large open concept entertainment area and tiled floors throughout. Expansive master suite encompasses the second floor and includes a master sitting area, bedroom with bay views, exterior concrete roof deck, and en suite bath. There is a concrete storage building, outdoor shower, accordion shutters, private boat ramp and a beautiful electric privacy gate. This is a wonderful island retreat, only 1 hour to MIA and yet a tropical world away! Florida Keys Real Estate and Homes For Sale.
Built in 2018, this home feels brand new and built for you! Waterfront concrete home and concrete roof with four spacious bedrooms and three pretty bathrooms. Live the good life in your chefs kitchen with top of the line stainless appliances, quartz countertops, wine cooler, entertaining island, and a huge walk-in pantry. Feel at home with the open concept living/dining areas and an oversized back porch. On the main living level is a junior master suite and two additional bedrooms and bathrooms. Upstairs is a luxurious master suite & roof top deck w/ outstanding views of the bay & sunsets. Dock permit is in the works! Florida Keys Real Estate and Homes For Sale.
Paradise Found and ready for you to move right in. Enjoy stunning Ocean views and magnificent sunsets in this spacious waterfront home. Concrete dock offers 2 new boat lifts 40,000 lbs and 10,000 lbs, 50 amp - 220 service, and jet ski davits. Open concept floor plan with enticing views of the water. Large Master Bedroom overlooking pool and ocean. Home is offered fully furnished. Full list of details and upgrades available upon request. Florida Keys Real Estate and Homes For Sale.
IMPRESSIVE TRI-LEVEL WATERFRONT home in a desirable subdivision offering beautiful OCEAN VIEWS with PROTECTED DOCKAGE! Spacious 4bd/4.5ba with a large great room and relaxing fireplace, 3rd floor master suite offers a 2nd fireplace, elevator to each level, over 3600sqft. of expansive open balconies and huge roof top deck to take in the breathtaking ocean breezes and views of the Atlantic Ocean. Garage on one side and large storage area on the other. Beautiful custom concrete pool, concrete dockage with davits! This home offers direct ocean access for the avid offshore fisherman and a place for you to enjoy the FL Keys Lifestyle! Florida Keys Real Estate and Homes For Sale.
GORGEOUS LUXURY WATERFRONT HOME in the heart of Marathon! Spacious concrete 4bd/4ba home with a grand two-story foyer entrance. Lots of custom work makes this property truly outstanding, open floor plan, relaxing porches and roof top deck with open water views. Downstairs offers separate bonus space currently used as living quarters. Two expansive garages offering front and rear openings. Spacious workshop and large low maintenance backyard offering plenty of room for a pool. 75 of concrete dockage, clean flowing canal and easy navigation to the Atlantic Ocean to enjoy offshore fishing, diving and snorkeling and direct bay access to partake in the fabulous backcountry fishing . This is a property that is turn-key to allow you to enjoy the FL Keys Lifestyle today! Florida Keys Real Estate and Homes For Sale.
Sunsets galore and from every floor. One of a kind bay-front estate with lots of privacy, sandy beach, great dockage and 2 of everything (2 master suites, 2 living areas and more). This open water home built in 2002 boasts 6 bedrooms and 2 separate living areas with room for 2 families and more. The property can be used in its entirety or be used as a vacation rental; the possibilities are endless. Its great location puts it close to Miami for an easy commute. Investors beware. Florida Keys Real Estate and Homes For Sale.
PLAYA LARGO OCEAN RESIDENCES - NEW gated resort style OCEAN SIDE community! - SUNRISE model is a stunning 4 Bed / 4.5 Bath 2,868 Sq Ft under AC residence with a large third floor deck. Home is designed to enjoy spectacular ocean views throughout. Common areas were inspired by the Playa Largo Resort and amenities include gorgeous clubhouse has indoor and outdoor recreational areas including a beautifully designed infinity pool overlooking the ocean. Community boat launch and dock gets you a few minutes to the open ocean and favorite fishing and diving areas. Playa Largo Resort hotel program available. Florida Keys Real Estate and Homes For Sale.
Seclusion, pool parties, seafaring adventures, all are included in this oceanfront home in the Florida Keys National Marine Sanctuary.This cul-de-sac home on a 14,220SF lot, includes 175F on the ocean, 100F on the canal, and a 26F cut-in boat slip with 5,000Lb. davits. The gated paved driveway links garage, gardens and pool, protected by a coral boulders seawall.The second floor ample living and dining rooms are connected with the kitchen, bedroom, bath, and covered terrace; all sharing open ocean views. Breathtaking views from the oversized master suite in the third floor, and the surrounding terrace bathed by Caribbean breezes overlooking the pool and spa.Just one hour away from Miami, yet a world apart, world-class fishing and diving, awaits you at this Florida Keys retreat Florida Keys Real Estate and Homes For Sale.
Luxurious & fully furnished. Beautifully appointed, turn key. Immaculate, pristine & a rare find in the newest 5/Marlin building overlooking the Atlantic Ocean. This sprawling 4/3 condo overlooking the ocean with spectacular sunrise and landscape views is rarely available in the magnificient, Mariners Club in Key Largo, Florida! Resort style, luxury amenities with an on site clubhouse, and conference center. Gorgeous, open concept with marble floors and high end finishes. Pickle ball, fitness center, beach and BBQ area as well as pet friendly. Only 118 homes, small and exclusive. This large family condo is a must see! Easy to show. Owner/agent Florida Keys Real Estate and Homes For Sale.
SUPERB LOCATION in desirable Venetian Shores, one property in from Snake Creek, DEEP-WATER DOCKAGE and immediate OCEAN/BAY access! Recently beautifully remodeled, spacious 5bd/5.5ba, rec room on 3rd floor, crows nest on 4th floor offering Snake Creek views, guest apartment on ground level with screened porch, large screened porch off kitchen and living area, 27 ceiling height in great room, fireplace, impact windows, multiple porches, 1000sqft four car garage with storage room, 100x12 concrete dockage with 50/30 amp service. Attractive new brick-paved driveway and new landscaping. This property has so much to offer for you to enjoy the FL Keys Lifestyle! Florida Keys Real Estate and Homes For Sale.
RARE FIND, GATED, SPECTACULAR BAYFRONT PROPERTY IN PRIME LOCATION. Just what you have been waiting for...a bayfront beauty! HUGE LOT. Large, deep, lush property with beautiful water & views. Extraordinary opportunity to enjoy, make your own and lots of room to build your dream home/guest home! BEAUTIFULLY APPOINTED & GATED - OPEN BAY VIEWS & SUNSETS! Walk to the Sailboat club, restaurants and shops. Florida Keys Real Estate and Homes For Sale.
ENTICE YOUR SENSES with stunning unobstructed Atlantic Ocean views right out your backdoor of this inviting 2bd/2ba POOL home with DOCKAGE and a large peninsula! Nearly one acre of highway to Atlantic Ocean parcel will take your breath away. Comfortable open living floor plan that opens up to a spacious pool deck, perfect for entertaining. WEEKLY RENTALS allowed. Excellent rental history available. Enjoy immediate offshore fishing, diving and snorkeling or take pleasure in nearby access for backcountry fishing. Also, enjoy nearby waterfront dining by boat or car. This property will allow you to truly enjoy the FL Keys Lifestyle and make memories of a lifetime! Florida Keys Real Estate and Homes For Sale.
Executive Home! Elegant 5Bd/4Ba 3 Story CBS Pool Home on a direct Ocean access canal. 3760 sf, built in 1999, completely renovated in 2008, with new pool. Being sold furnished. 2018 new Impact Doors & Windows and exterior paint. This Luxury home has it all! Separate ground level in-law or guest quarters. 3B/2B on main level. Entire 3rd floor is the owners bedroom suite. Beautiful Chefs Kitchen with Island & dining area separate from dining room. Pantry, large laundry room with storage. 70 concrete dock with a Boat lift and a set of Davits. Great location in North Key Largo. Easy commute, 45 minutes to downtown Miami and only a few minutes to the reefs for the divers & fisherman, or to the Bayside resteraunts. Marina and Fuel Dock one canal away. Meticulous buyers, come take a look! 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.
Living is easy in this 3,200 sq. ft., CANAL-FRONT home with bay & ocean access. Cozy up to this BRAND-NEW custom built 4/3.5 concrete home in the heart of Plantation Key.Entertaining spaces flow out from the upstairs great room, a gourmet kitchen equipped with top of the line appliances, quartz counter-tops and custom-built cabinetry. Enjoy the serene master suite with a spacious walk-in closet, large shower, his & her sinks and a vanity. Completing the upstairs, you will find two additional guest rooms connected by a full bath, half-bath close to the living area and a large laundry room doubling as an office area. The downstairs level houses a wet-bar, living area, guest suite and full bath which are steps away from the outdoor living space, synthetic grass, lounge pool and 70 of dock. Florida Keys Real Estate and Homes For Sale.
Located in the desirable Port Largo neighborhood, this property is a spectacular custom design with over 6,500 sq. ft. of grand living area. This rare home features exquisite custom finishes throughout which include; two master suites, three en-suite guest bedrooms, and a remarkable entertainment room which can also be used as a gym, yoga studio, or play room. The showcase kitchen island brings a modern flair with top-of-the line appliances. Enjoy the outdoor living space with several covered porches and decks overlooking the swimming pool. Outside you can also find a 60 ft.+ dock on a deep-water canal with direct ocean access. This brand new, one of a kind residence, presents the ultimate living experience with quality and casual elegance. Florida Keys Real Estate and Homes For Sale.
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.
9-26-19 REDUCED $100,000...This is the perfect home for an extended family with a total of 5 bedrooms and 4 baths with 100 of dockage located in Islamoradas premier neighborhood of Venetian Shores. The main level features an inside foyer and staircase, vaulted living room that opens to a private balcony, updated granite & s.s. kitchen, 3 BRs, 2 BAs (2 Guest BRs plus Mstr Suite - split floorplan - updated baths), and a large terrace with outdoor kitchen + 10 person spa! Theres also a 3rd level loft/family room. Downstairs are 2 Guest Apartments - legally permitted and above flood, 2 car garage, storage room, and a large covered area perfect for games, dining, whatever you dream of! Room for your & your friends boats and minutes to the ocean or bay via Snake Creek. Florida Keys Real Estate and Homes For Sale.