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.
SOLID CONCRETE CANALFRONT HOME located in a desirable subdivision! Spacious 3bd/2ba up and legal 1bd/1ba down with separate family/game room. Upstairs has updated kitchen with stainless steel appliances with granite countertop. Relax and enjoy the water views on the upstairs screened porch. Covered Patio downstairs includes built in BBQ and hot tub. Move in ready or add a third floor for views of bay and ocean. 75 of concrete dockage with easy ocean and bay access. 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. The wide screened porch upstairs is wonderful for outdoor dining. Two downstairs spaces include a workshop and movie room on one side, and a great guest suite on the other. Outdoor entertaining area with built in grill & wine refrigerator offers the perfect spot to enjoy prevailing breezes and the lovely pool w heater/chiller and hot tub. New metal roof, new AC. Florida Keys Real Estate and Homes For Sale.
Income Property! A successful weekly vacation rental, Turtle Nest Estate is a long established rental property which has achieved $1,029,585 in gross rental income over the past 5 years (2013 to 2017). With an average annual gross income of $205,917, this property could potentially be self-funding! Plus you also get to enjoy your own tropical beachfront paradise on the ocean in desirable Islamorada near all the most popular diving and fishing spots. Relax on the 150-foot beach, soak in some rays by the pool, or enjoy nearby fine dining, entertainment & local attractions. This luxurious home offers more than 6,000 sf under air, an oceanfront pool with integrated hot tub, a wade-in sandy beach and an observation pier. Two-car garage, elevator, theater room, split plan, guest wing & more! Florida Keys Real Estate and Homes For Sale.
Magnificent ocean front pool home with boat basin situated on over a 1/2 acre lot! Main home is completely updated and boasts an open floor plan with 3 bedrooms, 2 baths, vaulted ceilings, wood floors and an observation deck. The large lanai over looks the Atlantic ocean and swimming pool! There is also a separate very charming Cabana house with one bedroom, 1 bath, living area and tile floors over looking a beautiful sandy beach area! A must see! Used as a vacation rental with a great income! Call for details! Florida Keys Real Estate and Homes For Sale.
A private luxury estate that captures the heart. Three stately living levels with panoramic bay vistas from every room. Ground floor playroom and guest suites open directly to the infinity pool, spa and deluxe outdoor full kitchen. Host long family weekends on the fishing pier with two large boat lifts and sandy cove beach play area. The elevator and two-car garage make access easy and convenient More... Formal dining, granite counters, breakfast island, wet bar, two dishwashers, Sub-zero double fridge, wine cooler, warming drawer and stainless appliances. Open living area with fireplace, Third floor master suite has rich wood floors and ceilings, wet bar and a large balcony for privacy to enjoy the view. Custom soffit ceilings and woodwork details highlight superior craftsmanship Florida Keys Real Estate and Homes For Sale.
IMPRESSIVE TRI-LEVEL WATERFRONT home in a desirable subdivision offering beautiful oceanviews! Spacious 4bd/4.5ba with a large great room with fireplace, 3rd floor master suite with fireplace, elevator to each level, each floor offering expansive open balconies and huge roof top deck to take in the breathtaking ocean breezes and views of the Atlantic Ocean. . Downstairs offers a 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 and a place for you to enjoy the FL Keys Lifestyle! Florida Keys Real Estate and Homes For Sale.
This home comes fully furnished including dishes, linens, fishing and snorkeling equipment. Located in Port Largo, this 6 bedroom-5 bath multi-generation-corporate retreat has 75 ft of concrete dock & davits and is on a deep water canal that leads directly to the ocean. The downstairs 6 car/entertainment area comes with a built in grill, a 558 sq ft storage area equipt w a washer/dryer, refrigerator & full bath. High ceilings in the living room, the hub of the house. Sliding doors to the full-length porch overlooking the canal. A master suite includes a bath with a double head shower. Jacuzzi tub and double sinks 2 bedrooms, two baths and an office are also on the 1st level. Upstairs is a 529 sq ft master bedroom, private bath and a walk in closet. The home has a 3 zone a/c and sleeps 20. Florida Keys Real Estate and Homes For Sale.
This lovely Port Antigua home offers 2 bedrooms and 2 baths with a split bedroom layout as well as an independent lower level 2 bedroom 1 bath with a kitchenette. Located on the T intersection of the canals you have long, clear views of the water. The 65 ft. concrete dock has a stepdown section, 4,000 lb. boatlift and is ready for your boats and water toys. Upstairs youll find a large, open living area leading to the spacious screened porch overlooking the water. Both bedrooms have ensuite baths and sliding glass doors to the balcony. A separate laundry room is also on this level. The first floor is permitted and above the flood zone and has a private entrance. Boaters have quick bay access and ocean access through the Channel 2 or Channel 5 bridge. Florida Keys Real Estate and Homes For Sale.
PORT LARGO REDUCED AND PRICED TO SELL*** Two Story 5/5 with 4,400 Square Feet with 75 FT DOCK with 35 FT Lift and Davits,direct ocean access. Tiki Huts for entertaining by the Heated pool. Looks like 2 Homes in 1. 2 Separate entrances Upstairs 3/3, and downstairs 2/2. Perfect for a big family, and great for huge reunions. great source of income for monthly vacation rentals when not in use. . Florida Keys Real Estate and Homes For Sale.
HAPPY NEW YEAR! New year, new price. Priced reduced 150K! Seller ready to move on when you are! Start 2019 out right, own this special 200 water frontage corner of Paradise on FL Bay on Plantation Key in Islamorada. Top floor private master ensuite & office. Other features include gated entrance, Parisian blue tile roof, garage, pool with privacy fence, 84dock with davits & protected dockage. impact glass windows and doors, Originally plumbed for a Master Suite Wet Bar & Rooftop structured for a Widows Walk. Fabulous sunsets & incredible Bay vistas abound from 2040of open & screened porches. A true blank canvas waiting for you to personalize. Great Location. Come join & enjoy the Manatees & Dolphins. Lets Make a Deal, and make your dreams a reality. Florida Keys Real Estate and Homes For Sale.
Resort style home! One of a kind property located on two oversized lots bordering private airstrip & steps from private marina (2 boat slips offered with this property). Immerse yourself in this tropical paradise with the custom pool and waterfall, beach entry, Jacuzzi, huge chiki, outdoor gas firepit & extensive entertaining area. This remodeled concrete home offers a concrete roof, cathedral ceilings throughout entire home, expansive open living, remarkable kitchen, 4 large bedrooms on one floor including master suite with huge walkin closet, Florida rm, laundry & outdoor porch. Other features include a roof top deck, 900 sq ft of downstairs storage/garage, open hangar for plane with tie downs, fully fenced property, all impact windows & doors, granite & quartz counters, more! Owner/Agen Florida Keys Real Estate and Homes For Sale.
Enjoy majestic ocean views from this beautiful home located in Gulfstream Village in Marathon. This gem is oceanfront and also has 50 ft of deep water dock frontage on the canal. Featuring 3 BR/2 BA the interior is well maintained and very clean and floors are tiled throughout the home. Enjoy wonderful Keys breezes and watch the sunrise on the private balcony overlooking the ocean. This would be a wonderful opportunity for updating. The lower level offers plenty of space for entertaining guests, boat/kayak storage and spacious parking. Centrally located and close to shopping, restaurants and attractions. Florida Keys Real Estate and Homes For Sale.
Key Largo Millionaires Row! Spacious 4B/4B Pool Home w Garage. Easy living in this ground level home with no stairs to climb. X Zone location built high on solid coral rock, no flood insurance required. Open floor plan. Remodeled Kitchen with white cabinetry SS appliances and Granite counters. Privacy wall w Gate surrounds almost 1/2 acre of property. 100ft Concrete Dock w cut in Boat Slip & Boat Lift. Sit back & relax and let the fun living on Adams Cut entertain you. Fishing, Shrimp and Crabbing at your dock! 1 minute to the Bay and 15 minutes to the Ocean. Great location, call for an appointment. Florida Keys Real Estate and Homes For Sale.
This is a one of a kind home, with direct oceanfront setting; Ocean Views from Every room; Balconies off every room of the house; 400 +/- feet of private beach, No South-side neighbor; dockage good for skiff; sit in your pool and look out over the Atlantic Ocean without going outside;New Kitchen installed 2017, Full granite and full granite back-splash, under counter lighting; New Stainless appliances, two television synced system with HDMI for TV, AND/OR DVD player. All new lighting with dimmer controls.SAUNA, New-Finland Model, located in poolside full bathroom.All Windows are hurricane proof and tinted, with additional Shutters for sliders. Excellent poured concrete construction; Large Beautiful Mahogany entrance doors. Minimal damage from Hurricane Irma Florida Keys Real Estate and Homes For Sale.
Oceanfront Elegance! You can have it all, oceanfront location, architecturally unique custom designed home and deep water dockage. Situated in one of the most notable and desirable residential enclaves in the Florida Keys. This luxury home custom designed by the owners with superior features and substantial construction nestled among swaying palm trees and other tropical foliage. You are immediately impressed when entering this home, the soaring ceilings and open design only serve to enhance the ocean vistas. There are 4 large bedrooms, and a beautifully Bali styled secondary living area. Turn down the lights, grab the popcorn and get comfortable in your media room to enjoy your favorite movies. A chefs dream kitchen awaits you for your culinary creations . Florida Keys Real Estate and Homes For Sale.
Amazing-Unique concrete home on two Ocean side canal front lots, with the option of purchasing a third lot. The property offers a unique compound setting with plenty of room outside and inside. This home offers 3 bedrooms and 4 bathrooms. Two of bedrooms have a bathroom inside them, one is upstairs and the other one is downstairs. This home has been updated and offers Travertine floors throughout, and nice quality carpet in the bedroom upstairs. Nice open floor plan allowing for an amazing entertaining setting inside and outside. Extensive verandas all the way around with Ocean views. Unique oversize Terrace off the main living area with more view of the ocean and canal. Covered parking, paver carport. Amazing roof top deck with endless Ocean views, quiet and private. Florida Keys Real Estate and Homes For Sale.
Gorgeous 6 Bedroom 6 Bathrooms, 3 story bay front home located in exclusive Hammer point in Tavernier, Fl, Hammer Pt has close access to ocean. Short distance to Miami front this paradise. No expense has been spared on this top of he line home. Elevator, heated bayside saltwater pool, 2 kitchens and outdoor kitchen as well. State of the art light and sound system, alarm system w/ exterior cameras, full home control system. Large covered terrace, rooftop terrace with unobstructed sunset views. 58 dock space, and boat lift. Home is being offered fully furnished, along with fully upgraded 2015 Tahoe Pontoon boat. Florida Keys Real Estate and Homes For Sale.
From the moment you walk into an artists custom designed copper door, it becomes apparent that 31 North Bounty Lane has set a new benchmark for luxury in bay front real estate. The views, which center on the coveted Florida Bay and sweep 180 degrees to Key West are breathtaking. The finishes and features of this property suggest a new gold standard of meticulous craftsmanship: Timeless and classic travertine marble floors throughout give this Modern architecture a feel for relaxing in luxury. The Neff designed kitchen while sophisticated and functional is equipped with high end Thermador appliances including an induction glass cooktop, double refrigerator, wine chiller, double oven, accents of glass tiled backsplash, a walk in pantry and exquisite green pebble granite. Florida Keys Real Estate and Homes For Sale.
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.
Bayfront Bliss! This private and gated, beautiful 3 bedroom, 4 bath pool home embodies the best of both worlds: a wonderfully tranquil retreat, in the Florida Keys, boasting comfortable living, both indoor and outdoor, with all the conveniences of close proximity to Miami and the city life. The floor plan provides a large & private master suite with bath and walk-in closet. Glass doors open onto a large open porch, perfect for outdoor dining. Impact glass doors and windows afford expansive open-water views. Cooks will love the large kitchen with granite & quartz counter-tops, cherry cabinets and a perfect, portrait window to view the Florida Bay. Bask in the breeze from the newly enclosed Florida room located directly off the main living area. Florida Keys Real Estate and Homes For Sale.
One of the most unique properties in the Upper Keys. Boasting an 8 car garage and 100 ft of deep-water dockage, this exquisite, pre-firm estate has been completely remodeled by the areas best builder, and no expense was spared. As you arrive, the paved, large circular driveway grants plenty of parking. At ground level, the foyer provides guests with their choice of a staircase or an elevator to access all 3 levels. The main garage can accommodate 6 vehicles (2 on hydraulic lifts). There are 2 other 1-car garages, as well (A guys dream). There is also a convenient half bath/laundry at ground level. On second floor, there is a living area, completely NEW kitchen, dining area, 2 bedrooms, 1 bath and a large covered terrace with great water views. The third level has the main living area Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Exquisite oceanfront estate. This fully furnished property epitomizes island elegance. With over 300 ft of waterfront you are presented with outstanding views from every room. The home allows a truly private lifestyle including a cabana wing featuring two guest rooms and two bathrooms along with a kitchenette. No detail has been missed including hand painted murals on the walls and columns, a grand staircase, and a well-appointed master suite and dressing room. The outdoors entertaining area provides a tropical paradise. The pool is surrounded by lush mature landscaping and adjacent to your personal cabana and lounge area.Boaters will enjoy the 70 ft concrete dock with a 22,000 lb boatlift and ideal location on Vaca Cut providing immediate access to both the Atlantic and the G Florida Keys Real Estate and Homes For Sale.