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.
Florida Keys Real Estate and Homes For Sale.
Own one of the largest most exclusive Ocean Front Gated Estate Compounds in the FL Keys. Includes 4 CBS luxury houses with elevators,9 slips in private deep water marina and Channel.Two pools on approx 6 tropical acres. Club house/gym, and storage out building. Unsurpassed panoramic views.Rare opportunity to experience tropical lifestyle adjacent to approx 30 acres of protected land. Florida Keys Real Estate and Homes For Sale.
BONEFISH Residence: Oceanfront elegance can be found in this brand new home. Designed to pamper and impress with the many construction features - 4 bedrooms and 4 baths with three stories of living and an elevator. The views from this house are incredible and on a clear day you can see forever. Gourmet kitchen with stainless steel Wolf Gas stove Florida Keys Real Estate and Homes For Sale.
Single family home and adjoining 6,000 sq. ft. lot with 900 sq. ft. concrete dock, boat slip, lift and davits. Two level open floor plan with 2 bedrooms, 2 baths and full length screened porch facing canal upstairs and two lower level sleeping quarters and 2 baths downstairs. Updated Air conditioner and appliances. Tiki hut on the water provides for a relaxing atmosphere. Florida Keys Real Estate and Homes For Sale.
Gated pallatial estate home with 8 bedrooms, 6 1/2 baths. Open water views out Snake Creek and through to the Ocean. Point lot location with 100dock, pool and spa. Screened balconies on every level, double garage, guest quarters. Peaceful and private gardens. Shown by appointment. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Brand new luxury waterfront home with dockage! A rare find in the Keys... new solid poured concrete 4,500 sf home getting its finishing touches now. Be the first to live in this stunning custom 5/4 home with a two-story central great room, central gas fireplace and 7-zone a/c for maximum efficiency and comfort. Dock is on an L (40 + 30) with immediate ocean access and a quick turn under the bridge for easy bay access. Enjoy ocean views down the canal and bay view sunsets from the front balcony and rooftop deck! Gourmet kitchen with gas stovetop and stainless Viking appliances. Elevator, impact windows, billiard room, wet bar, expansive 4-car garage with workshop space & so much more! Price includes pool and landscaping. Call now to customize the final finishes for you and your family. Florida Keys Real Estate and Homes For Sale.
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.
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.
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.
Florida Keys Real Estate and Homes For Sale.
Unique and secluded Bay Front home without the drawback of stairs. Completely above flood, ground level home! Magnificent sunset views from your own private sandy beach and pool. Deep water docking pier for boats or land your sea plane right on your beach. Rare combination of island living in this gated, fully landscaped oasis complete with separate 1/1 guest house and 3 garage bays. Beautifully designed to keep its Key West/ Mediterranean charm, the main house features 3 bedrooms, an office, 3 bathrooms and 2 powder rooms; soaring ceilings, stone flooring as well as all the modern conveniences of an open floor plan, gourmet kitchen, sauna, boat lift and much more. Truly a rare find! Florida Keys Real Estate and Homes For Sale.
Breathtaking Ocean Views and Sunrises! Plenty of natural light in this beautifully maintained Solid Concrete Home. Offers 3 bed. & 3 ba. w/ spacious open living/kitchen area. Lg. Master Suite on 3rd level leads to wrap around deck to enjoy the magnificent ocean breezes! 60ft of dockage w/ immediate open water access to ocean and minutes to Tavernier Creek connecting to the intra-coastal waterway! End of the street offers private location. Only 3 lots in from the ocean. Roof top deck offfers views of the ocean, canal and conservation land. Plenty of room on first level to park your car and water toys. Lg storage and workshop. Extra features include solar hot water heater and R.O water maker. Florida Keys Real Estate and Homes For Sale.
3 bedroom + convertible den/3.5 baths. Currently being done on the interior. Exterior has been completed including deck, pool, and first floor area. It has 60 of dockage, boat ramp & a boat lift that can accommodate up to a 33 boat. Includes a playground set for kids. Florida Keys Real Estate and Homes For Sale.
Islamorada Venetian Shores luxury waterfront 5BD/5BA with 100 dock and boat lift, custom pool with spa and waterfall, elevator & private master suite on the 3rd floor. Instant big boat access to both the ocean and bay from 100 wide, deep canal. Spacious home offers over 5,000 sf including porches, separate guest quarters and garage. Security system, brick drive, impact glass, landscaping & more! 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.
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.
Florida Keys Real Estate and Homes For Sale.
Soon to be completed! 4Bd/4.5Ba CBS 3 Story canal home in Islamorada. Easy Ocean access Via nearby Tavernier Creek or Snake Creek. 3rd floor has M. bedroom suite also guest bedroom & bath. 2nd level w Kitchen, Dining & Laundry 1/2 Bath & Bedroom & Bath. Ground level Bedroom & Bath with Huge Garage. Elevator to all floors. 60 of Dockage. Florida Keys Real Estate and Homes For Sale.
Quintessential Old Florida retreat! Own in a private and gated neighborhood with a charming home that offers room to entertain both inside the spacious living areas and outside on the expansive decks. This oversized and beautifully landscaped lot has a peek-a-boo view of the Florida Bay and 92 of dockage with a rare approx 15x30coral rock cut-in boat slip with 10k lift. This property is a must see! Florida Keys Real Estate and Homes For Sale.
OSPREY Residence: Stunning new oceanfront home - This custom home has it all - 4 bedrooms and 4 baths with an elevator. The views are incredible from inside the home or from one of your oceanfront terraces with porcelain wood plank flooring. Custom construction and finishes throughout - Florida Keys Real Estate and Homes For Sale.
COME HOME TO TURTLE KEY! THIS NEW OFFERING IS ONE THAT YOU WILL FALL IN LOVE WITH. COMBINING A MULTITUDE OF USES, THIS ENCLAVE OF 5 COTTAGES HAS BEEN REFRESHED AND RESTORED TO ENHANCE THE KEYS CHARM.LEATHERBACK COTTAGE HAS 2 BR, 2 BTHS UPSTAIRS AND 1 BR, 1 BTH DOWN OVERLOOKING THE OCEAN AND BOAT BASIN. GREEN COTTAGE HAS 2BR,1BTH OVERLOOKING THE NEW POOL, BOAT BASIN, AND OCEAN... Florida Keys Real Estate and Homes For Sale.
Oceanfront Pool Home with breath-taking views. Lovely pool & spa overlook the turquoise Atlantic. Great location and spacious open floor plan with 2 large decks to enjoy the view. Two master suites with endless ocean views. Corner property with 2 car garage, large recreational area on ground level with bath. Dock and boat lift with easy access for boating and fishing. Kayak, paddle board or sit back, relax and enjoy the breeze. Great Tavernier Location just minutes to the Reefs & Tavernier Creek. Florida Keys Real Estate and Homes For Sale.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys Board of Realtors Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than (Shoreline Properties) are marked with the MLS Log and detailed information about them included the name of the listing brokers office.
