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.
* development rights on this bay front compound currently offering 7 residences comprised of 2 duplexes & 3 homes on over 1.5acres of prime Bay Front Islamorada real estate. Immediate back country & offshore access. Dockage for multiple vessels from large to small. Lifts, davits & ramp. Bay front pool & pavilion. Gated & fenced, paved drive. Perfect for redevelopment, residence or income. Florida Keys Real Estate and Homes For Sale.
One of the Jewels of Adams Cut, Key Largo, is now available for the 1st time. This gorgeous Estate was built by a builder for his family and offers 4 bedrooms/4 baths with over 3,100 sq. ft. The paver lined driveway leads to a large 2 car garage that includes a back yard garage door for easy storage. The downstairs offers a grand living area with media room, one bedroom/guest quarters,one bath Florida Keys Real Estate and Homes For Sale.
ENJOY THIS STUNNING PANORAMIC WATER VIEW HOME. The many amenities it has makes it a perfect place to call home or the one place you look forward to when getting away. You can watch the sunset from almost every corner of the house. The deep-water dockage makes it easy to take the boat out for a ride. Meticulously beautiful, excellent location. This luxurious has all this to offer and much more. Florida Keys Real Estate and Homes For Sale.
Ocean Front PLANTATION SHORES IN TAVERNIER! Custom built CBS home by a premier builder, architecturally designed Great room features an Island kitchen, 3 en suite bedrooms, a pitched concrete roof that creates a frame for the breathtaking views of the Atlantic as you enter the home. Panoramic ocean views from the entire east side living and porches provides serenity and ocean breezes every day. Florida Keys Real Estate and Homes For Sale.
Wickfield South is a secluded, private estate situated on approximately 3 1/2 acres overlooking Bogie Channel on Big Pine Key. The property includes 444 feet of shore line and a private canal, 60 wide, 400 long with a boat basin. Tropical landscaping includes a variety of palm and mahogany trees, orchids and other tropical varieties. This beautiful meticulously maintained 3 bedroom, 3 1/2 Florida Keys Real Estate and Homes For Sale.
From the private picturesque setting, this 6.41 acre bay front estate offers over 12,400 square feet of living space including a main residence and two guest cottages. This estate features charming Key West style architecture, intimate garden courtyards, balconies and spacious patios overlooking a bay front pool/spa with cabana... Florida Keys Real Estate and Homes For Sale.
The Beach house at Tarpon Point is brand new and as aptly named overlooks the beach area and ocean. Tucked away you will find this spacious 4 bedroom, 4.5 bath home with three stories of living and TWO living areas. Main living room overlooking the ocean and beach and the family room has a wet bar with wine fridge and libations storage. In between you will find a gourmet chefs kitchen with Florida Keys Real Estate and Homes For Sale.
Robinson Crusoe, Ritz & Gilligans place all rolled into one w/ major dockage for all your vessels & water toys, gorgeous pool, privacy, immediate ocean access, modern & spacious w/room to spare for incredible indoor & outdoor living & entertaining right in the Village of Islamorada on Lower Matecumbe. Words are hard to come by to describe this Keys. COme see for yourself. Call for appointment! Florida Keys Real Estate and Homes For Sale.
Elegant and updated, gated home in Key Largos premier luxury neighborhood. Completely furnished and ready to move in with 4 suites each with private baths, pool, garage and storage on deep wide canal with direct ocean access! Florida Keys Real Estate and Homes For Sale.
SELLER SAYS BRING ALL OFFERS! Located on the Atlantic Ocean in The Heart of Islamorada situated just above the beach for enjoying spectacular sunrises as each day begins. Gated Estate located on the quiet side of the Island .... the Old Highway. Main House features three bedrooms, three baths and expansive waterside patio surrounding the pool, tiki bar, breezy gazebo, and dock. Florida Keys Real Estate and Homes For Sale.
Love sunsets on Florida Bay & backcountry fishing? This must-see private open water 3/3 estate was featured in Architectural Digest for the innovative channel and vertical boat lift that provide sheltered dockage below the home! Mature trees shade the charming front gardens of the nearly half-acre estate with beach, bay views, updated kitchen, interior stairs, downstairs tackle room & more! Florida Keys Real Estate and Homes For Sale.
Best Boating in the Keys! Desirable Venetian Shores 5 bed/3 bath home with immediate ocean AND bay access via Snake Creek from a concrete dock with davits on 100 ft. wide canal. This solidly-built concrete home offers a 3/2 upstairs with high ceilings, spacious kitchen and gorgeous master. Downstairs is a separate 2/1 guest quarters with separate laundry, large carport, storage and greenhouse. Florida Keys Real Estate and Homes For Sale.
Tropical modern home in Key Largos most desirable locale - Port Largo. This expansive 5 bedroom 5 bath home offers wide open living areas, a formal dining room, & gourmet granite kitchen. The lower level offers 2 guest suites, wet bar & family room that opens to the heated pool. Enjoy the outdoors under several tiki huts & summer kitchen. 75 of deepwater dockage for immediate ocean access. Florida Keys Real Estate and Homes For Sale.
Brand new 6 bed 5.1 bath custom built, vaulted ceilings, 3 stop elevator, tremendous open living spaces, roof top observation deck, huge balconies & outdoor living areas, covered parking, exceptional pool and spa, 100ft of deep water dockage w/lift, custom cabinets, travertine floors, rooftop observation, dual laudrys, prime water access location in Safety Harbor. Call today! Florida Keys Real Estate and Homes For Sale.
Enter through a grand foyer to this beautiful bayfront residence located just at the entrance to Key Largo. Opening onto panoramic bay views, this estate home includes large entertainment areas, custom finishes and so many special details. This home boasts over 3,500 sq. ft. of living space on 3 levels with a roof-top deck for entertaining. Immediate water access for all boating pleasures. Florida Keys Real Estate and Homes For Sale.
The ocean is calling you from Tarpon Point, an exclusive enclave of 12 oceanfront residences. Designed to meet the ultra-high standards of the developers, this exceptional home allows for the most advanced building techniques to include a full home generator. Spacious four-bedroom, four-bath home with elevator, top of the line kitchen to include a Wolf gas stove and sub zero refrigerator Florida Keys Real Estate and Homes For Sale.
Why buy existing finishes when you can choose your own? Located in desirable Indian Waterways on a beautiful canal. Dockage sheltered from wind but easy Gulf access, near Snake Creek ocean access. This 4/4 home is whatever you want it to be! 3rd floor block is laid. Floor plans available upon request. New construction with elevator waiting for you tell us what luxury looks like to you! Florida Keys Real Estate and Homes For Sale.
Anglers Reef Oceanfront Home, deeded boat dock, community beach & pool. Large 2/2.5 home on pool with great Oceanviews. Wood floors downstairs, Kitchen has wood cabinets, granite counter-tops & upgraded Viking Appliances. Relax in bed viewing the ocean or sit back on the 2 oceanfront porches. All porches have been updated to the composite wood. Impact doors & windows. Great 2nd home or investment Florida Keys Real Estate and Homes For Sale.
Live the good life in this large, canal-front, pool home. Almost 2,500sqft of living space, 4 bedrooms, 4.5 bathrooms, a huge bonus room and plenty of storage, there is room for the whole family. The 60 concrete dock features both a 5,000 lb and a 15,000 lb boat lift and there is quick access to the bay and the ocean. Florida Keys Real Estate and Homes For Sale.
Yachtsmans family Dream home!Pristine CBS 5 bedroom Port Largo home. 75 of Ft. of Concrete dock,boat house, davits, deepwater direct ocean access Oversized bedrooms all accomodate king sized beds. Tiled floors, soaring ceilings,large family room with wet bar,Huge kitchen w/ cooktop island. Jenn Aire Stainless appliances, French doors lead to enormous covered lanai.Walled & gated. 1 Hr to MIA. Florida Keys Real Estate and Homes For Sale.
Dockage, Pool, Sunsets & Views! This Home has it all. Large home with over 3000sq ft with 2 Master Suites with baths and 2 guest bedrooms plus 2 guest baths. Open living area and dining with kitchen and family area. Wood floors throughout and tile in baths, granite counter tops, stainless steel appliances and crown molding are just a few of the finishes in this home. Large laundry room. Florida Keys Real Estate and Homes For Sale.
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Florida Keys Real Estate and Homes For Sale.
Custom CBS Waterfront estate home with Ocean views has over 4400 sq. ft. of living space with 5BR, 5.5BA and 2 main living levels accessible with an elevator. The grand entrance with wrought iron railings takes you to the Great Room where families can enjoy the gourmet chefs kitchen with hardwood cabinets, SS appliances and wide terraces perfect for taking in the beautiful ocean views and breezes Florida Keys Real Estate and Homes For Sale.