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.
Islamorada's private, secluded gated community on the Bay, with pool, and boat dockage for each homeowner. This beautiful ground level home was completely rebuilt from the ground up in 2006. Travertine floors, granite, stainless, impact windows. Direct, unobstructed Bay views, and magnificent sunsets year-round. Owner/agent. Florida Keys Real Estate and Homes For Sale.
JUST REDUCED! MAGNIFICENT OCEANFRONT 5BD/5BA CUSTOM BUILT BY OWNER ON MATECUMBE OCEAN BAY BEACH. SPACIOUS TRI-LEVEL FLOOR PLAN, GOURMET KITCHEN, COMPLETE W/ DOCK & SANDY BEACH, GATED FOR PRIVACY, EXPANSIVE OPEN OCEAN VIEWS. THE PERFECT HOME FOR ENTERTAINING, BEAUTIFUL & ELEGANT. OWNER IS VERY MOTIVATED SO BRING YOUR OFFERS! CALL TODAY TO SCHEDULE AN APPOINTMENT. Florida Keys Real Estate and Homes For Sale.
Extraordinary location! One of 12 direct oceanfront homes on 3.3 acres on Lower Matecumbe. Spacious home with unparalleled views offering exceptional quality throughout. Tarpon Point features the most advanced building technologies while still offering the charm of an Old Keys style setting. Come visit today and see why this is such a rare opportunity! Florida Keys Real Estate and Homes For Sale.
Oceanfront home with Protected Deep Water and Direct Ocean Access. Lot and a half which is fully gated and on a Cul-de-Sac. Beautiful pool, Tiki, Bar & Grill set up makes this a perfect Keys' entertaing home for large families. 90 ft. of dockage with Davits and Boat Lift. Florida Keys Real Estate and Homes For Sale.
Spanish Villa built on the Boot Key Harbor with active views of boaters and sunsets. Beautiful appointments include granite counters, marble baths and floors volume ceilings(18')graceful curved stairs to guest rooms, 5 boat slips, electric shades cover floor to ceiling impact windows, heated pool/spa,two car garage 100' concrete dock. Florida Keys Real Estate and Homes For Sale.
Stirrup Key Fortress!This custom built home has been built to the highest standards. It boasts ICU Construction, impact windows and doors, concrete roof and is architecturally stunning. 4 bed 3 bath with 24'ceilings,marble floors,wood accents through out,fireplace and a roof top balcony with 360 views of paradise. Potential Short Sale, One mortgage company easy to show. Florida Keys Real Estate and Homes For Sale.
LOCATION!Tavernier Creek pool home on two lots located on corner with water on 2 sides, 195' of dockage on canal side and new dockage with lift on Tavernier Creek; all concrete 2bd/2ba up with a 1bd apt. downstairs; huge screen porch around perimeter of house, electric gate at entrance, excellent ocean/bay access. Florida Keys Real Estate and Homes For Sale.
Port Largo Beauty with ocean views offering 140' of deep draft,protected dockage with 2 boat lifts. This is an all concrete 3 story home with 3 bedrooms/3 baths. The spacious master suite has a large deck & offers gorgeous ocean-views. Downstairs has large game-room & maids quarters. This property also has a 1,870 sq ft all concrete garage.The outside bar/kitchen area is perfect for entertaining. Florida Keys Real Estate and Homes For Sale.
Like new Key West style custom home on direct oceanfront with southern exposure. Quick access to the ocean inlet. All custom trim packages and upgrades. Large master suite up with French Doors to a private viewing balcony. Main living area opens to a 50' X 10' screened porch. Granite kitchen. Guest powder room. Heated pool w/paver deck/carport. Foyer w/inside staircases. Prof. landscaped. Florida Keys Real Estate and Homes For Sale.
Privacy and serenity can be yours at this unique Bay Front Estate. Over 1/2 acre of paradise, with a rare cut in boat slip and deep water dock. Concrete dock with davits and sand beach area with lush mature and tropical landscaping. Interior staircase leads to the open floor plan, great room and kitchen with granite counters and a sit up bar all with breathtaking bayviews. Florida Keys Real Estate and Homes For Sale.
Contemporary home on 200' waterfront - deep water protected dockage - 2 boat lifts (24K & 12K) - a boater's dream. The house is also a dream. Great room with cork floors, wet bar, dining area, kitchen with stainless Wolf and Sub-Zero appliances, built-in Miele coffee system. There are 2 baths and 3 bedrooms on the main floor & guest/caretaker quarters downstairs. Pool, chickee, 3-bay garage. Florida Keys Real Estate and Homes For Sale.
''Safety Sanctuary'': private, beautifully landscaped, corner canal property with 60' concrete dock/davits/lift and fish cleaning station. Three bedrooms/two baths with bonus loft and plenty of storage c. Open floor plan, with separate dining area and a kitchen with granite island and countertop dining provides for indoor entertaining while several deck areas allow for exterior enjoyment. Florida Keys Real Estate and Homes For Sale.
This magnificent property offers over 2 acres directly on the ocean with a beach. Completely private yet located in the heart of Islamorada with 2 quaint homes that have been meticulously kept offering 2 bedrooms, 2.5 baths, garage, work shop and breath taking views of the Atlantic ocean. The sparkling swimming pool has been completely refinished & has all new equipment. A must see! Florida Keys Real Estate and Homes For Sale.
Casa Blanca. This Key West inspired ocean front estate sits on approximately 1/2 acre of pristine beach front property. Surrounded by flourishing tropical vegetation, this home has one of the few real private beaches in the Florida Keys. The home has a private gated entrance, paver driveway, charming outdoor decks, heated and chilled swimming pool & spa. (See MLS suppliment tab for more.) Florida Keys Real Estate and Homes For Sale.
Extraordinary location! One of 12 direct oceanfront homes on 3.3 acres on Lower Matecumbe. Spacious home with unparalleled views offering exceptional quality throughout. Tarpon Point features the most advanced building technologies while still offering the charm of an Old Keys style setting. Come visit today and see why this is such a rare opportunity! Florida Keys Real Estate and Homes For Sale.
Exquisite design and details throughout, this gorgeous waterfront home located in prestigious Venetian Shores, with plenty of room for your yacht! Very impressive must see home with views of snake creek! In 2010 extravagantly remodeled to perfection featuring, rich mahogany wood stairways and porcelain tile floors, 5 bedrooms and 4 bathrooms, gourmet state of the art granite kitchen. Florida Keys Real Estate and Homes For Sale.
Exceptionally designed with detailed elegance. This newly constructed stunning 3 level concrete home with impact windows & metal roof has panoramic ocean views with a private quiet location, & exceptional protected deep water boating access. 3BR/3BA designer home with hand carved Mahogany doors, & stunning antique lighting. Fine craftsmanship & exquisite detail at every level. Florida Keys Real Estate and Homes For Sale.
Impeccable home in beautiful Plantation Lake Estates. Gated community with 2/2 up & a 1/1 guestroom downstairs with kitchen. Loft could be used as an extra bedroom. Huge closet. Deepwater dockage. Direct access to the ocean. Three additional storage areas downstairs for all your tools & boat toys. Paver walk and driveways. Enjoy great views from the widows walk. Homeowners park & boat ramp. Florida Keys Real Estate and Homes For Sale.
Beautiful bayfront sunsets without the price tag! Endless sunset views from large open living area overlooking pool. Large landscaped lot with sandy beach area, dockage and pool. The perfect Keys getaway. Florida Keys Real Estate and Homes For Sale.
ATLANTIC SUNRISE ON PLANTATION KEY! Two acres oceanfront with 250 ft on the water. Letter from Village of Islamorada gives this parcel 4 legal single family dwelling units and 3,255 sq. ft. of commercial area. A duplex and 3 bay garage are on the property, along with a boat basin and 2 boat ramps. Think of the possibilities - build your dream compound or use the duplex, add 2 houses and Florida Keys Real Estate and Homes For Sale.
This may be the Boater's Dream Home you have been searching for! Well laid out floor plan, house well placed on East-facing lot & will easily accomodate a pool, covered carport, plus one car garage and even has an elevator. Walk around balcony upstairs and a comfortable porch over-looking a wide Key Colony Beach Canal. 1789 sq ft upstairs. Florida Keys Real Estate and Homes For Sale.
Grand 3 bedroom 3-1/2 bath newly constructed (2005) home at end of a quiet street. Beautifully landscaped & maintained exterior w/sprinklers & paver driveway. Quality CBS home w/ tile roof, impact windows & peaceful pool area. Large concrete dock & seawall accommodates large boats w/5'+ draft & smaller boat on boat lift, full 2-car air-conditioned garage included in square footage. Florida Keys Real Estate and Homes For Sale.
A luxury escape doesn't get much better than this stunning key west style escape custom built with incredible ocean views from nearly every window within this estate home. Costume pool, kitchen, balconies and catwalk take advantage of this breathtaking point lot on Duck Key, FL. Florida Keys Real Estate and Homes For Sale.
Tropical Sunrises - Immerse yourself in gorgeous sunrises over the Caribbean Ocean from this beautiful Summerland Beach location. This open water, pre-firm home sits on one of the largest parcels of land on the Beach and has been beautifully renovated to create a soft Caribbean atmosphere.(See Suppliment Tab in MLS for additional details.) 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.
