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.
ELEGANCE AWAITS in this 4/3 CBS home located in a Great neighbrhood. French doors open onto a balcony from just about every room.Porcelain & Marble floors and Impact windows & doors throughout. Kitchen equipped with granite counters, wood cabinets & stainless steel appliances. The downstairs guest quarters has a living space, wet bar, bedroom and bath, all legal. Florida Keys Real Estate and Homes For Sale.
A must see beautifully maintained and landscaped CBS waterfront home across from the golf course. This 4,336 square foot 4 bedroom, 4.5 bath home, including detached guest quarters offers granite countertops, marble floors, impact windows, inground pool, air conditioned 3 car garage, boat lift and much more. Easy ocean access through Sister's Creek. Florida Keys Real Estate and Homes For Sale.
This RARE FIND offers little Keyz Cottage with new pool, very private gated coral rock wall, sandy beach front with rock jetty that juts out beyond the beach! A dock on the ocean! You can have it all!!!Remodel or Rebuild ... the cottage's proximity to the ocean allows for very private site plan. SHORT SALE SITUATION. THIRD PARTY LENDER MUST APPROVE. Florida Keys Real Estate and Homes For Sale.
SOLID CONCRETE HOME, even the roof, on a protected deep-water, direct-ocean access canal. Enjoy the SE exposure, trade winds and quiet cul-de-sac location. 75 ft. of Concrete Dockage that can handle 6 ft draft. Garage and plenty of extra parking. Completely gated property with fruit trees and already hooked up to sewer. Florida Keys Real Estate and Homes For Sale.
Concrete canal front home with partial ocean views and direct ocean access. Updated interiors, pool and concrete doc. Lower level ''storage'' room and legal downstairs bathroom passed FEMA inspection in 2011. Small private neighborhood in the heart of Tevernier near shopping, theater, hospital and quaint historic district! Florida Keys Real Estate and Homes For Sale.
In the heart of Islamorada's Millionaires' Row, lies an ocean front Oasis like no other, OCEAN'S EDGE. The perfect opportunity, the ideal canvas, to create and develop your own exquisite Keys retreat with limitless ocean vistas. Features include immense and rare custom boat basin with it's own deep channel access, exceptional dockage for a variety of vessels, ramp, existing CBS Home Florida Keys Real Estate and Homes For Sale.
Beautiful Home with fantastic Custom Pool and grotto, and shallow end for young children. Open floor plan with 3 separate master bedroom suites. Kitchen has granite countertops and stainless steel appliances. Boat Lift and Lush Landscaping. 100 foot of deep water dockage. Florida Keys Real Estate and Homes For Sale.
Open water home on the Gulf. Nice floor plan, very open with lots of windows and high ceilings. All bedrooms are spacious. Cook's kitchen with center isle work station. Big screen porch off livingroom-great entertaining area. Deep water dock with 10,000# boat lift. In-ground pool.Dbl.carport and lg. storage room & workshop on 1st level.Almost half acre lot-fenced and gated.Beautiful neighborhood. Florida Keys Real Estate and Homes For Sale.
The beautiful Aultman built home is located just one block from the famous Sombrero Beach. The best deep water boating accesses in the Keys. Granite, marble, stainless finishes. Features include crown moldings,volume ceilings, beach entry pool w/ waterfall, 2 car garage, impact windows and doors and a grand foyer entrance. Protected dockage. Florida Keys Real Estate and Homes For Sale.
Custom & Updated 2 story Bay Front home. Spacious, open split floor plan. Extra large, Deep 11/2 lots(17,078SF),78 feet on the water. Back faces South and offers spectacular sunsets. Pool & pool bath, cov.terrace,garage/Storage space at ground level. Full service deep water dock can accomod larger boats. Fabulous Master, top of the line materials & decorator touches complete this Tropical Paradise. Florida Keys Real Estate and Homes For Sale.
THE ULTIMATE PRIVATE ISLAND RETREAT! Your DREAM home awaits.Wake up to 360* water views in this 4/3 home on entirely SELF-SUFFICIENT-island. Powered w/Solar Panels & Windmill backup generator + gas. Enjoy new pool,fireplace. Heli-pad.Incls.2 docks & A BOAT 4 transfers, mile marker 50 in Marathon.Bask in gorgeous scenery & ocean views as you relax on your wrap around verandah & dine Al Fresco. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
BAYFRONT HARBOR - This unique home commands the bayfront with 240 feet of dockage (with shore power and water) in the protected boat basin harbor. Concrete peninsula dock offers davits and boat lift (20,000 lbs.), a tiki, and a sandy beach. Frolic in your own in-ground pool enhanced with a circular slide and complemented by a deck and full cabana. Enjoy a refreshing swim off your own private Florida Keys Real Estate and Homes For Sale.
Islamorada water front, 80' X 91/2' concrete dock, beautifully finished surface, with davits and boat lift. This home is located in Venetian Shores, 2 houses from Snake creek. It features an open floor plan, updated bathrooms and kitchen which has granite counter tops and stainless appliances opening onto a large enclosed sunroom. This 4 bed, 3 bath home is beautifully landscaped. Florida Keys Real Estate and Homes For Sale.
Rare Unique Property. 1 of 6 Private Islands in the Florida Keys that are privately owned. 360 degree views. Mainland electric and water and a proposed sewer installation. Perpetual easement for mainland property for parking and boat storage, which also has water and electricity . There is only 1 home on the island which is Florida Keys Real Estate and Homes For Sale.
Open ocean views, sandy beach, peaceful setting, great kayaking, plenty of room for family and friends. 5br, 5 1/2 bth. Theater room, garage. Offered fully furnished ready to enjoy! Florida Keys Real Estate and Homes For Sale.
Dock your yacht at your back door (or skiff!) Awesome location situated on a private palm lined street. Deep and protected boat dock. 100 feet of concrete seawall, dock, pool, covered veranda just waiting for you to enjoy the amenities offered in this classic concrete fortress! We call it ''The Gate House'' with the gated entrance and private feeling of your own gated estate. Florida Keys Real Estate and Homes For Sale.
DESIRABLE VENETIAN SHORES waterfront home with 100'concrete dock w/davits. Spacious 5 bedroom 3 bath CBS home offers Cathedral ceilings, Open floor plan, 2 eating areas and lg Kitchen,pantry. Separate above flood downstairs includes living area, kitchen and 2 bedrooms. Room for RV and toys and Pool on this large lot. Deep-water dockage w/immediate access to both the Atlantic Ocean and Fl Bay. Florida Keys Real Estate and Homes For Sale.
Located on quiet Corsair Road with FANTASTIC Open water views of Toms Harbour Keys and the glorious water surrounding the bird sanctuary. Sunset are included. Roof top deck gives you 360 degrees of water views, not to mention the open water views from the main living areas. Deep water channel, pool with brick pavers, two garages. Best Open Water value. Florida Keys Real Estate and Homes For Sale.
MAGNIFICENT LOCATION! Big Yachts Welcomed! Offering plenty of deepwater docking in Port Largo's main harbor entrance w/151ft of water frontage and large dock pilings to protect your yacht. slip into yacht mode. Beautiful home in a culdesac location w/lovely grounds & view from every room. Fenced w/in-ground pool & hot tub. If you like to entertain & like being entertained w/boats, look no further Florida Keys Real Estate and Homes For Sale.
Deep, deep water dockage with 67 Ft. dock includes a lift for a 24 ft boat & room for a 50 Ft yacht, too! 200 Ft wide canal for easy maneuverability for your yacht. The exquisite furnishings and beautiful built-ins leave nothing for you to do but move in. Enjoy all the amenities of this pool home with a tiki hut and granite counter tops for your outside entertaining. You will Florida Keys Real Estate and Homes For Sale.
Bay Front Beauty,Custom built home featuring 4Br/3Baths, cathedral ceilings,granite counter tops, garage,carport,electric gate,125 ft.pier dock w/20,000lb boat lift. breathtaking view of open bay and intercoastal. Florida Keys Real Estate and Homes For Sale.
NO SHOES REQUIRED!!! 3 bedroom, 2 bath home is located on the best beach in the Keys. Gorgeous sugar-sand beach with endless ocean views from every room. Relax your day away in the hammock beneath the palms trees, waterside, or spend your day fishing in your own backyard. This is true island living.Possible Owner Financing. Florida Keys Real Estate and Homes For Sale.
MAGNIFICENT Ocean estate located on prestigious Duck Key. 138' Deep Dockage This luxury home sits on 3 1/2 lushly landscaped lots. A heated swimming pool/hot tub overlooks the sparkling, blue Atlantic Ocean. High end designer, gourmet kitchen features Blue Louise Granite, Solid wood corbels, wine chiller, Sub Zero, Miele Dishwasher & ice maker. Mahogany front door, sliders & windows are impact. Florida Keys Real Estate and Homes For Sale.