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.
WATERS EDGE - This custom-built home awakens all of ones senses. The Islamorada location is premier, having been chosen by the owners parents, because of its relationship with nature and the bay. The water is crystal clear and inviting, with walk-in beach entry. The home enjoys expansive views of the magnificent Florida Bay. There is deep-water dockage, with a boat lift and Tiki Hut. The view of the horizon is speckled with Mangrove Islands. There is a unique, swimming platform as well. The property is surrounded by breathtaking vegetation, Indigenous Trees and Palms, colorful Orchids, Bromeliads and Staghorn Ferns. The gardens exude a sense of peace, serenity and the most beautiful fragrant scents. Florida Keys Real Estate and Homes For Sale.
MAKE YOUR LIFESTYLE CHANGE AT PINEAPPLE PLANTATION! Are you ready for year round sunsets and panoramic bay views from this elegant custom built home? Start by entering this gated estate, meander through the extraordinary grand entrance leading you to an expansive great room with soaring ceilings and over 8,000 sq. ft. of living space offering chefs kitchen, media room Florida Keys Real Estate and Homes For Sale.
IMMACULATE WATERFRONT POOL HOME in a desirable subdivision in Tavernier situated on TWO lots offering beautiful oceanviews and direct ocean access! Turn-key home offers 2bd/1ba up and a pre-firm 1bd/1ba down with workshop and laundry room. Inviting deck off living area to enjoy the wonderful oceanviews and beautiful sunrises! Electric gated entrance, 90 of concrete dockage and boat lift. Florida Keys Real Estate and Homes For Sale.
HUGE OCEANFRONT PARCEL JUST UNDER 3 ACRES IN ISLAMORADA, large deep water basin! 600 of waterfrnot! 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.
VENETIAN SHORES BEAUTY! Spacious 4bd/3ba all concrete POOL home with 100 CONCRETE DOCK with lift and davits. Separate guest quarters downstairs, gourmet kitchen with many extras, fireplace, impact windows and oak wood flooring. Large porch upstairs and large entertaining area down to enjoy around the marble deck pool area. Immediate ocean and bay access. Florida Keys Real Estate and Homes For Sale.
Craig Cay Island Estate - A unique opportunity for a buyer to participate in this exciting Pre-Construction project, affording the buyer an option to choose their interior finishes, based on their personal preferences. When completed, this magnificent, ground-level & sprawling, 9,737 sq. ft. home will be an exceptional masterpiece, with 6 bedrooms, 6 full baths, 2 half baths, exercise room, full entertainment room (above the dining room), glass solarium, tackle room, 3 car garage, captains quarters (above the garage) overlooking the 300 of deep-water, protected boat basin with 106 of concrete dock and a custom, 222 long pool which will wrap around both sides of the house, facing the bay. A unique feature will be the Safe Room, constructed of concrete walls Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Live the Island Lifestyle in this 3 Bedroom, 3.5 Bath home with 2099 Sq Ft of living area, covered porches, roof top deck with bay views, pool with heater, ice maker, hot tub, boat lift and electric gated entry, home generator, impact windows and doors. Offered for sale furnished and with a Golf Cart. Electric car charging station and RV parking on side of home, storage shed, bricked pool deck, and lush landscape and lighting. Call today to schedule your private showing. This may be the piece of paradise youve been looking for! Florida Keys Real Estate and Homes For Sale.
This stunning estate is uniquely designed featuring 10 bedrooms and 11.5 baths home is nestled on the Florida Bay in Key Largo. This secluded estate rests on just over 1 acre that is mesmerizing from the moment you enter the gate! The driveway is shared leading you to a tropical landscaped preserve and parking. Florida Keys Real Estate and Homes For Sale.
Bring your large family to this roomy home. Four bedrooms and a den along with a separate laundry room and a beautiful roof top deck with a great Bayview. 15,000 lb. boat lift at your 60 foot concrete dock. Relax by the pool at this beautiful tropical setting. Plenty of shaded parking with pavers and room for your boat and trailers. Impact windows and doors and a beautiful kitchen with an abundance of cabinets and a pretty granite counter top. Oversized screen patio and open patio also! Fully furnished and move in condition. Turn key! Including paddle boards and kayaks. Plenty of storage with utilitie shed also. Florida Keys Real Estate and Homes For Sale.
BRAND NEW CONSTRUCTION! Waterfront solid concrete home , including the roof, with full array of impact rated windows. No expense was spared and the quality of the construction/fit and finish of this home calls out to those that desire the best. 4 bedrooms and three bathrooms, custom over-sized stairways, chefs kitchen with top of the line GE Monogram stainless appliances, induction cook-top, apron sink,convection oven, quartz counter-tops, wine cooler, entertainers/chefs island, open concept living/dining, enormous walk in pantry, recessed LED lighting & indirect cove lighting. On the main living level is a Jr. Master suite and two more additional bedrooms and bathrooms. Upstairs is a luxurious master suite & roof top deck w/ outstanding views of the bay & sunsets. Dock permit applied for Florida Keys Real Estate and Homes For Sale.
New Construction,three story concrete fortress with Hurricane impact windows. 3 bed 4 bath with nearly 3,700 sq ft of living area pool/spa.Ground level offers 57x 16garage/workshop. Covered entryway. Covered patio, wet bar, steps to the pool/spa. Second level offers chefs kitchen with island,upgraded appliances,full bath,large walk in pantry. Massive living room for entertaining and balcony over looking the pool and canal. Second floor offers 3 en-suites with a large master bedroom overlooking the water, large master bath with garden tub/separate shower. Third level offers a 57x33 roof top terrace. Spectacular views of the Bay and unobstructed sunset views. Not too late to pick your own finishes/colors. Boat dock and lift are in place.Come see this beauty. Private community boat ramp. Florida Keys Real Estate and Homes For Sale.
Fantastic deep water dockage in premier waterfront neighborhood. 98 waterfront. 2/2 upstairs with beautiful island kitchen, top of the line appliances, tile floors throughout. Screened porch. Tackle and tool room and bonus downstairs spaces, including built in grill and great outdoor entertaining area. New metal roof, new AC, hot tub, Pool with heater/chiller. Florida Keys Real Estate and Homes For Sale.
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.
Florida Keys Real Estate and Homes For Sale.
CALLING ALL BOATERS! - Need Space for you and your boats, this Port Largo home has it. BRAND NEW IPE dock with gorgeous stain. This expensive, tasteful and durable Brazilian Walnut will highlight any backyard. Spacious 5 bedroom Port Largo home on deep water canal. This home has a beach feel with open kitchen, living, and dining area, very entertaining. Lots of room for everyone with 3 bedrooms upstairs and an additional 2 bedroom guest quarters and living area downstairs. Port Largo is best known for dockage and immediate ocean access to world class diving and fishing - dont let this one get away from you. Florida Keys Real Estate and Homes For Sale.
Casa Playa is a newly constructed 5 bedroom, 5 bath home with over 3,700 sq ft of living space and a 1,273 sq ft covered terrace over looking the pool and ocean. Nestled on almost an acre of land, Casa Playa boasts a 100 ft sandy beach and yet offers plenty of privacy and parking with its gated entry and paved driveway.As you arrive through its front door, the large open floor plan and high ceilings provide the perfect backdrop for entertaining and unwinding. The 8 ft impact doors offer ocean views from every angle. The light grey wood look porcelain tile throughout, provides the perfect canvas and compliments whichever interior style its new owner chooses.The kitchen, with its pantry, hard wood cabinets, and granite counter tops, opens to the living area. The master bedroom with its Florida Keys Real Estate and Homes For Sale.
Clean as a whistle and ready for a new family to enjoy! This Venetian Shores home has room for a large family on 3 separate levels connected by an interior staircase. Numerous windows and sliding glass doors make this home light and airy! The main living area has a beautiful kitchen, 2 bedrooms and a bath and a large porch, while the 3rd floor has a very large master bedroom with bath and another large porch. The lower level is above the flood zone and has a large living area, bath and bedroom with sliding glass doors to the backyard and dock. The 70 ft. concrete dock has davits and there is room for a pool. Come and take a look, this is a very good value in Venetian Shores. Florida Keys Real Estate and Homes For Sale.
SOLID CONCRETE WATERFRONT POOL HOME IN BEAUTIFUL VENETIAN SHORES! This all concrete home including the roof features 100 ft. of dockage with a boat lift, water front pool, 3 bedrooms, 2 bathrooms completely updated with impact windows, nice open floor plan, granite & stainless kitchen with a gas stove, huge water front screened in porch, excellent entertaining home inside & out. Located in the Village of Islamorada, Venetian Shores offering direct bay & ocean access just off of Snake Creek. This is a must see!Downstairs is above flood and can be enclosed for more living space. Florida Keys Real Estate and Homes For Sale.
Outstanding Oceanfront Estate Home perfectly situated 5 minutes from Ocean Reef Club and 30 minutes from Miami on a point lot with direct access to John Pennekamp Coral Reef State Park. This 5,100 square foot, 6 bedroom, 5.5 bath estate sits on .72 acres with 300 linear feet of water frontage. It features many luxury appointments and finishes including an ADA accessible elevator, Italian marble floors, sub-zero refrigerator, wine chiller, wet bar, granite countertops, stainless steel appliances, and hard wood cabinets. This is a solid CBS building built in 2014 with a 50-year metal roof and hurricane impact windows and doors throughout. This home is perfect for yachts requiring deep water dockage. It features a deep water dock on its own bay bottom with 100 AMP service that can Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
This custom built concrete home in Old Tavernier was creatively designed to showcase the breathtaking panoramic ocean view. The open concept floor plan on the main floor is great for entertaining; you can choose to dine alfresco on the large veranda or in the ocean view dining room. The main floor also boasts a chefs kitchen, 2 bedrooms and 1 bath. On the third floor you will find a private oasis; the expansive master suite is equipped with an oceanfront whirlpool tub perfect for a relaxing evening. Step into the backyard where you will find a large sandy beach to launch your kayak and paddleboard as well as a new 1,020 sq ft composite dock and 12,000 lb boatlift; everything you need to enjoy the Florida Keys lifestyle! Florida Keys Real Estate and Homes For Sale.
Calling all families and friends looking for two separate complete living spaces Up and Down! 4 bedrooms and 2 baths, nearly 2,000 square feet of living space. Turn Key, completely updated and renovated waterfront home, including all new electrical and plumbing! Ocean side with direct ocean access. Located In Plantation Key (Islamorada) next to Tavernier Creek, this concrete home including the roof, boasts all impact glass windows , neutral porcelain tiles, custom wood cabinetry, open concept living with bar, Spa style bathrooms, granite counter tops, stainless appliances, extensive brick pavers, a fully fenced yard with custom aluminum work, professional landscaping, electric retractable sunshade, new outdoor kitchen with chiseled travertine , tiki hut at waters edge, 1 Hr to MIA. Florida Keys Real Estate and Homes For Sale.