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.
This is a property many dream of but few can afford. Upon entering you will find an imposing foyer w. a soaring 2 story ceiling. The staircase leads up to an open concept living area w. Cathedral ceiling, a coral rock fire place & a balcony w. gorgeous views of the Creek. A large granite topped breakfast bar separates the kitchen. There is also a wet bar & a convenient powder room on this level. Florida Keys Real Estate and Homes For Sale.
This Port Antigua home has an open floor plan, high ceilings, granite countertops and a wonderful 3rd floor master bedroom suite and porch! Tastefully finished with tile throughout the home, it is ready for a new family to come and enjoy this wonderful neighborhood. A garage on the lower level gives you plenty of storage space for boat stuff and a golf cart! Florida Keys Real Estate and Homes For Sale.
If you are looking for a home that is within walking distance to Sombrero Beach with easy boating access, this 2 bedroom 2 bath beautiful maintained pool home is for you. 65 ft. of dockage, 12,000 lb. boat lift, gazebo and brick paver drive way. Large corner fenced lot with tropical manicured grounds that offers lots of privacy. Florida Keys Real Estate and Homes For Sale.
Located oceanfront in downtown Islamorada, the historical Gilmore Estate is locally known as the Bay Bourne Houseboat. Situated on 5+ acres, with 300 feet of beach, the Houseboat is an actual 60 foot 1948 Chris Craft with 1 stateroom, 2 baths, a galley kitchen, salon, on the first deck. Top deck consists of a 4-bunk stateroom and private upper deck with wide open ocean views! Florida Keys Real Estate and Homes For Sale.
Located on Hurricane Creek on Lower Matecumbe in Islamorada, this 7 bedroom 6 bath w/90ft of yacht dockage for power or sail awaits your arrival. 15K boat lift. Elevator, 2 car garage, enormous kitchen, water front swimming pool, screen enclosed patio and balcony overlooking the creek & Florida Bay, this magnificent home offers views of both! Make an appointment today with listing agent! Florida Keys Real Estate and Homes For Sale.
This property consists of 2 lots directly facing the Atlantic Ocean. 4 bedrooms 2 1/2 baths with cathedral ceilings, screened porch, open BBQ deck, walk around deck, heated custom pool, dock, screened patio downstairs, lush landscaping, circular drive and views that will keep your socks off!! Florida Keys Real Estate and Homes For Sale.
Exclusive Oceanfront Gated Estate offers the perfect combination of beauty, serenity, and nature. All in picture-perfect surrounds of the Atlantic Ocean and Bordered to the south by approximately 40 acre state nature preserve. Features include direct ocean views from almost every room in the house, a custom inground salt water pool w/ spa, 2 large boat slips in the protected deep water oceanfront Florida Keys Real Estate and Homes For Sale.
Private and gated, this exquisite long-driveway Oceanfront Estate with over 450' waterfrontage & deep water dockage, set on over 6 acres including bay bottom is offered for the first time in decades. Pristine beachfront cabin with wide water views from the oceanfront porch built in the 1930's with additions in 2005-06. Three bedrooms, three baths, outside shower, garage, downstairs storage. Florida Keys Real Estate and Homes For Sale.
LOCATION! LOCATION! THIS IS IT! Deep water dockage, and endless views of Florida Bay with 100 ft. of water frontage and over 400 ft. from the road to the water. This family residence has been updated recently with granite gourmet's kitchen and a covered porch that expands the width of the back deck for lounging or celebrating days end with another beautiful Islamorada Florida Keys Real Estate and Homes For Sale.
WELCOME HOME to your Oceanfront home on Duck Key. Wake up to awe-inspiring sunrises in the East and enjoy expansive ocean views from your patio. This home offers 2 Oceanfront lots, 3 bedrooms, 3 bathrooms with room to expand, pool, deep dockage, RV pad.The living area is open and inviting for all of your entertaining needs.Your new home awaits you, come and see the ocean at its best! Florida Keys Real Estate and Homes For Sale.
One of the few side by side houses for sale as a package. Rental income for 2012 exceeds $130k. Minutes from the Atlantic with expansive views of Vaca Cut and the Gulf of Mexico these two homes are one of a kind. Lots of room for a big family along with the ability to rent them. The back yard is a sandy beach with two pools, two docks and fishing from the 100' pier. One level - no stairs to climb Florida Keys Real Estate and Homes For Sale.
You heard it before ! Location, Location, Location. Gated ocean front home with fabulous open water views. Situated in a quiet area of town. Enjoy the 150'dock give or take a few feet, complete with shower and boat lift. Salt water pool with hot tub. Huge garage, room for all the toys, screened porch, and A lot more. 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.
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.
The Conch, Lobster, Pelican, & Egret at Alligator Reef Luxury Estate. Private, gated estate for corporate or family retreats. CBS homes consist of two 3/2 homes and two 2/2 homes. Enjoy fabulous sunrises & ocean breezes off the observation deck. 2 lrg heated pools, summer kitchens, & tons of privacy for memorable beach-side gatherings in a tropical paradise. EXCELLENT vacation rental history. Florida Keys Real Estate and Homes For Sale.
Beautiful home in Venetian Shores. Amazing bay views. 100 ft. dock with deep-water dockage. 4 bedroom 4 bathroom. Large storage room. Large open kitchen with stainless steel appliances and granite counters.Video Link:https://youtu.be/xHq_ZNuvQ-E Florida Keys Real Estate and Homes For Sale.
This brand new contemporary modern and luxurious canal front home built of concrete block structure, concrete roof, impact resistant windows, and garage is located in Key Largo, the first and northernmost of the Florida Keys, is an hour's drive from South Florida's two major airports, and a world away. This 3 bedroom 2 1/2 bathroom home features a bold contemporary architecture with large Florida Keys Real Estate and Homes For Sale.
Pristine Caribbean Style property in Port Largo. This home has 4 bedrooms and 3 bathrooms with extra storage. Solid CBS construction, metal roof, perfect deep water dockage with direct ocean access. Open Floor plan & superb views from the second and third floor expansive covered patios. Concrete Dock & Davits.This home is not to be missed! Huge shop, Privacy fencing w/ automatic gate. 1 Hr. to MIA Florida Keys Real Estate and Homes For Sale.
BONEFISH GUIDES HAVEN. WATCH THEM POLL ALONG THE SAND BAR. MAGNIFICENT BEACHFRONT WITH ONE OF THE FEW RESIDENTIAL SANDY BEACHES IN THE KEYS. WAKE UP TO SUNRISE OVER THE OCEAN. CATCH THE OCEAN BREEZES AND TURN OFF YOUR A/C. PRIVATE STREET. LOCALS ONLY. SPLIT BEDROOM PLAN LIVING AREA AND OVERLOOKING SCREENED PATIO AND OCEAN. Florida Keys Real Estate and Homes For Sale.
Stillwright Point Beauty! Spacious 3B/3B 3 story CBS home. Entire 3rd floor Master suite w huge Balcony and View of the Bay. A Cooks Kitchen, Dining & Living area w 2b/1b & screened balcony on 2nd level. Light & Bright home with single-light French doors & Arched-windows w Etched Glass Muriel's throughout. 60' Concrete dock w Davits & Boat Lift. Downstairs Storage w full bath. Brick Driveway. Florida Keys Real Estate and Homes For Sale.
5 Bedroom 3 bath open water estate home. Enjoy the cool summer breezes from the southern exposure, private setting, concrete covered dock with direct ocean access. Separate 3 car garage and guest quarters, walled in for maximum privacy and enjoy your own platform tennis court. Florida Keys Real Estate and Homes For Sale.
Tranquility abounds in this Islamorada waterfront home. This home offers a serene setting to relax and enjoy the outdoor living style of the Florida Keys. Over 3,700 Sq Ft of indoor living space and 18,800+ Sq Ft of waterfront property with newly renovated dock. Open living plan with natural light throughout. Warm and welcoming! See supplemental remarks for details. Florida Keys Real Estate and Homes For Sale.
FABULOUS PRICE REDUCTION! Quintessential Florida Keys Cottage! Located on the bay with fabulous views and your own beach just steps away. This home will take you back to a simpler time and a slower pace. Keep it and update or use it as a redevelopment opportunity. You will be enchanted by this location in the premier bayfront neighborhood in the Upper Keys. Florida Keys Real Estate and Homes For Sale.
Buccaneer Point's newest Bay Front home on exclusive Bounty Lane is a spectacular remodeled home with Island Colonial inspired decor and design. As you enter, you're greeted with dramatic views of the Florida Bay and fabulous sunsets every night of the year. Enjoy this beautiful turn key home with Old Florida charm. Florida Keys Real Estate and Homes For Sale.