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.
Oceanfront Estate with Deep Water Dockage. Rare opportunity to own or redevelop! One of the few private estate parcels in Islamorada with 400+ ft. of waterfront on 4.3 acres of upland and some of the deepest oceanfront dockage in the Keys. Winding driveway leads through tropical gardens to the 1934 settlers beach home which is now an updated 3/3 with relaxing Old Florida feel & open ocean views. Zoning allows for weekly vacation rentals. Truly private with no neighbors in sight until the end of the dock. You must experience this property to appreciate the hush of the palms and the historic, peaceful old island magic. Call to arrange a private showing. Florida Keys Real Estate and Homes For Sale.
Exceptional Open Floor Plan Design featured in this impeccable Plantation Key Canal Front Home! Create new memories with your family and friends in this ground level CBS custom built, 2,390 sq. ft. fortress. Located in an X Flood Zone (no flood insurance needed)! Granite and maple wood countertops, stainless steel appliances, 9 ft. tray ceilings with crown moldings, 8 ft. shaker style interior doors and 24 in. porcelain tiles throughout. Features etched glass double doors, entry foyer, 3 spacious bedrooms including a Master Suite with 2 walk-in closets and a beautiful master bathroom with soaking tub and a separate shower, plus office or 4th bedroom, 2 1/2 baths total and attached garage. Situated on a over-sized lot, there is plenty of room to build your dream Florida Keys Real Estate and Homes For Sale.
EGRET Residence: Brand new construction! This oceanfront home is stunning! The Tarpon Point community is gated and lushly landscaped with amenities such as oceanfront pool, beach, dockage and full service all home generators. This spacious 4 bedroom 4 bath home also comes with an elevator giving access to all floors of the home. The kitchen is equipped with high end Florida Keys Real Estate and Homes For Sale.
Timeless ClassicThis one-of-a-kind private estate is nestled on 3.48 acres in downtown Islamorada with over 300 feet on the Bay. This enchanting property offers 4 large bedrooms & 4 baths in the main house & two spacious 2 bedrooms/1bath detached guest houses. The bay front includes an enormous deep water boat basin, covered boat house, dockage, & an extraordinary island that can be the focal point of sunset celebrations.In the main home, the grand room offers high ceilings with fireplace & formal dining room, family room overlooking the water & 4 master suites. The charming appeal of the guest cottages creates an environment for generations of family & friends to gather. Two car garage, a separate laundry outbuilding, landscaping with fruit trees & gated entry complete this estate Florida Keys Real Estate and Homes For Sale.
This property has a view to take your breath away! Open water vistas in three directions on an over-sized point overlooking Blackwater Sound. Sunsets will dazzle you nightly. Three bedrooms two baths up, open concept living, vaulted ceilings,Enormous tiled under story entertainment area, extensive mature landscaping, Concrete 60 protected dock with davits and a 14,000 LB boat lift as well as a custom fish cleaning station. The master bedroom has an en-suite bath with Toto toilet & separate dressing area. There is a den that can easily convert to a 4th bedroom, up. Custom built in storage areas on ground level for all your fishing and boating gear.Plenty of room for a pool ,tiki hut, motor home and or all three! Guest room with built in Murphy bed, owners lock out closet, 1 hour to MIA Florida Keys Real Estate and Homes For Sale.
Best Boating in the Keys! Desireable Venetian Shores 4 bed / 3 bath home with immediate ocean and bay access via Snake Creek from a 70-foot concrete dock with davits on a 100-foot wide canal. This solid-built concrete home offers a 3/2 upstairs with open kitchen, Florida room, and gorgeous porch. Roof Garden for entertainment.Legal downstairs AptOwner/Agent Florida Keys Real Estate and Homes For Sale.
MAKE YOUR LIFESTYLE CHANGE AT PINEAPPLE PLANTATION! Are you ready for year round sunsets and panoramic bay views from this elegant custom built home? Start by entering this gated estate, meander through the extraordinary grand entrance leading you to an expansive great room with soaring ceilings and over 8,000 sq. ft. of living space offering chefs kitchen, media room Florida Keys Real Estate and Homes For Sale.
Breathtaking ocean views! Beachfront CBS home on 3/4 of an acre with 2 bedrooms and 2 bathroom upstairs and 2 bedrooms and 2 bathrooms downstairs. Property did sustain damage during Hurricane Irma and is in process of being cleaned up and repaired. All photos are pre Irma. Florida Keys Real Estate and Homes For Sale.
Come enjoy Islamoradas new luxury address! The 12 Maison Residences on the oceanfront in Islamorada are currently under construction so you have time to choose your finishes. 3 or 4 bedroom beautifully appointed flats with private elevator and covered parking are available. Maison will be your private beach resort with its 350 ft. white sand beach, 155 ft. pier and Oasis pool and spa. Pass through the gated entry to your 2 garage spaces, then take the elevator directly to your private entrance foyer which opens to the kitchen, dining area and great room. The open oceanfront lanai can be customized with gas fireplace, TV, icemaker, wet bar... Just use your imagination! 4 of the 12 units have been spoken for, dont miss out on this pre-construction opportunity! Florida Keys Real Estate and Homes For Sale.
Luxurious 3 Story CBS Pool Home w Ocean Views! 30Boston Whaler included. 4B/4.5B w 3000sf, 65 dock on direct Ocean access canal. Travertine floors & Chefs kitchen w abundant cabinet space. Elevator & Fireplaces. Great water views from every room. heated pool recently resurfaced. Concrete dock w Boat Lift & Davit. Garage, storage & extra parking. Tropically landscaped, walled and gated. Crystal clear clean flowing canal. Included in the sale is a 2000 30 Boston Whaler Outrage with 2008 Twin 225 Mercury outboards and new electronics installed in 2008. Florida Keys Real Estate and Homes For Sale.
Anglers Dream Home! This beautiful Port Antigua home sits just steps from the bay on a wide and deep canal with 75 of dock space. Bay views and private island views from the rear of the home. Private sandy beach at the end of the dock. Home has been meticulously updated and full of wonderful features. Elegant master bedroom with additional storage and a beautiful master bath. Enclosed family room overlooking the water is the ideal place to relax after a day on the water. Homeowners park includes one of the few sandy beaches in all the Keys! Florida Keys Real Estate and Homes For Sale.
Great opportunity to purchase a canalfront home, CBS construction with a concrete roof AND an extra lot! 2 bedrooms and 2 baths upstairs with a nice open floor plan and 2 bedrooms and 2 baths downstairs. The canalfront has a concrete dock with davits and a cut in boat slip with a 10,000lb. lift. The extra lot is buildable and could be sold off separately or built on. Florida Keys Real Estate and Homes For Sale.
BEACH RESIDENCE: 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. Florida Keys Real Estate and Homes For Sale.
NOW IS AN OPPORTUNE TIME TO MAKE OFFER! Perfect time to get in & customize to your taste. Due to Storm damage, wood floors have been removed and will be replaced with porcelain tile. Dock planks need replacing, pool needs resurfacing. Now is a great time to get a great deal before repairs are made. Oceanfront Pool Home with breath-taking views. Great location and spacious open floor plan with 2 large decks to enjoy the view. Two master suites with endless ocean views. Corner property with 2 car garage, large recreational area on ground level with bath. Dock and boat lift with easy access for boating and fishing. Kayak, paddle board or sit back, relax and enjoy the breeze. Great Tavernier Location just minutes to the Reefs & Tavernier Creek. Make offer! Florida Keys Real Estate and Homes For Sale.
VENETIAN SHORES BEAUTY! Spacious 4bd/3ba all concrete POOL home with 100 CONCRETE DOCK with lift and davits. Separate guest quarters downstairs, gourmet kitchen with many extras, fireplace, impact windows and oak wood flooring. Large porch upstairs and large entertaining area down to enjoy around the marble deck pool area. Immediate ocean and bay access. Florida Keys Real Estate and Homes For Sale.
Beautifully Remodeled Venetian Shores Pool Home with 70 Feet of Deep Water, Concrete Boat Dockage. Instant Ocean or Bay Access right from the home. The house features 3 Bedrooms and 3 Bathrooms. Upstairs offers 2 Bedrooms and 2 Bathrooms and a Open-Concept Kitchen and Living Room. The Downstairs (which is Legal Living Space) features 1 Bedroom and 1 Bathroom with a small Kitchenette area. The downstairs is currently being used as 2 bedrooms but technically is a 1 bedroom with a living room. This home has lots of space and is able to sleep 10+ people. The Outdoor Entertaining Area is one of the properties best features. Large Pool, Sitting Area, Kayak Rack, Bar Area and Boat Dockage overlooking a Clear Canal. Florida Keys Real Estate and Homes For Sale.
Unscathed by Irma!!! Beautiful Beach Front Concrete Venetian Shores Home! Feel sand between your toes right outside your door. Bayfront home with protected deep water dockage - slip 61. Ocean & Bay access via Snake Creek. Cathedral ceilings and stunning views with 3/2 up and nonconforming 1/1 down. Chefs kitchen with granite & quality craftsmanship. Paver driveway, fenced for security and tropical foliage Florida Keys Real Estate and Homes For Sale.
IMMACULATE WATERFRONT POOL HOME in a desirable subdivision in Tavernier situated on TWO lots offering beautiful oceanviews and direct ocean access! Turn-key home offers 2bd/1ba up and a pre-firm 1bd/1ba down with workshop and laundry room. Inviting deck off living area to enjoy the wonderful oceanviews and beautiful sunrises! Electric gated entrance, 90 of concrete dockage and boat lift. Florida Keys Real Estate and Homes For Sale.
WATERS EDGE - This custom-built home awakens all of ones senses. The Islamorada location is premier, having been chosen by the owners parents, because of its relationship with nature and the bay. The water is crystal clear and inviting, with walk-in beach entry. The home enjoys expansive views of the magnificent Florida Bay. There is deep-water dockage, with a boat lift and Tiki Hut. The view of the horizon is speckled with Mangrove Islands. There is a unique, swimming platform as well. The property is surrounded by breathtaking vegetation, Indigenous Trees and Palms, colorful Orchids, Bromeliads and Staghorn Ferns. The gardens exude a sense of peace, serenity and the most beautiful fragrant scents. Florida Keys Real Estate and Homes For Sale.
In the center of Islamorada,open water view with deep water dockage. Has been family residence with 7 day rental licenses.This home was updated and enlarged for extra living space. Boat basin and chickee hut invites you to relax and enjoy the scenes of the Bay. Property next door is also available making an estate property with 200 feeton open bay Florida Keys Real Estate and Homes For Sale.
This truly unique property with 151 of Bayfront in prestigious Buccaneer Point makes entertaining twice as easy with 2 docks, 2 boatlifts, on 2 lots with 2 sets of bay views from 2 locations. The main home offers 3 bedrooms/3 ensuite baths, cathedral ceilings and open floor plan that allows endless views of the Florida Bay from virtually every room. Lounge by the pool and summer kitchen with Florida Keys Real Estate and Homes For Sale.
SNOOK Residence: This Tarpon Point Beauty sits at the edge of the pool and offers spectacular ocean views. A spacious 4 bedroom/ 4 bath home is well equipped with a Chefs kitchen with top of the line stainless steel appliances granite counters. Whole house generator, impact resistant windows & doors and a private elevator. Florida Keys Real Estate and Homes For Sale.
Beyond compare, this Polynesian inspired exquisite keys waterway Harum Designed custome home is scheduled for landscaping and pool in 2017. It is not to be missed if you are looking for a yachtsmans location w/over 110ft of deep water dockage w/unlimited beam on deep water Hurricane Creek. Cathedral ceilings grace this masterpiece and its 3 bedroom and 3.5 baths being complimented by custom LED lighting throughout. Incredible storage, 2 garages, generous and spacious covered gathering areas. The residence boasts an extraordinary creekside covered balcony overlooking Hurricane Creek with views of the Florida Bay making this a Florida Keys Treasure. The finished work detail is to much to list. Contact agent for full details and showing appointment. Florida Keys Real Estate and Homes For Sale.
Open Oceanfront 5BA/5.5BA Point Estate... Price will continue to increase as upgrades progress! New travertine tile on the front drive, on the concrete dock and flowing around to the oceanfront pool deck; new lush tropical landscaping along the land length of property; new electronic privacy gates & many more upgrades, all surrounded on 3 sides by deep blue ocean views. Expansive 5020 sq.ft. home was recently remodeled by DAsign Source to embrace the views on every floor and to incorporate classic, artistic details throughout. Outside theres protected dockage for two or more boats with dockside power/water and a huge oceanfront party deck around the pool with plenty of entertaining space in the sun or shade. Ready for more in Key Largo? Call today! Florida Keys Real Estate and Homes For Sale.