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.
Executive Home! Elegant 5Bd/4Ba 3 Story CBS Pool Home on a direct Ocean access canal. 3760 sf, built in 1999. Brand new Impact D&W. This Luxury home has it all, and the exterior just has been painted. Separate ground level in-law or guest quarters. 3B/2B on main level. Entire 3rd floor is the owners bedroom suite. Beautiful Chefs Kitchen with Island & dining area separate from dining room. Pantry, large laundry room with storage. 70 concrete dock with a Boat lift and a set of Davits. Great location in North Key Largo. Easy commute, 45 minutes to downtown Miami and only a few minutes to the reefs for the divers & fisherman, or to the Bayside resteraunts. Marina and Fuel Dock one canal away. Meticulous buyers, come take a look! Florida Keys Real Estate and Homes For Sale.
GREAT CATCH FOR FISHERMEN AND BOATERS, Love Diving? Love Snorkeling? Love Fishing? This is the house for you.Newly Remodeled Two Story Turnkey Home in upscale community of Port Largo 5/5 WITH 75 FT DOCK with 35 FT Lift and Davits,direct ocean access. 4,400 SQUARE FEET. Pool, Tiki Huts for entertaining by the pool. Lots of room for a Huge Family. Also, a great source of income for monthly rentals. Possible Owner Financing for the right Buyer. Florida Keys Real Estate and Homes For Sale.
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.
Delightfully Keysey POOL home in Safety Harbor with Bay Views! This home has a wonderful open floor plan and 2 large bedrooms and 2 baths. The living area opens to the screened pool deck with 12 ft. wide sliding glass doors. The chef is part of the party with a large center cooking island and tons of counter space. This corner lot has views down the canal and the 40 ft. wide dock has davits in place. The downstairs has a permitted bath which separates 2 rooms being used as bedrooms. A large carport is perfect for bikes, kayaks, etc. The pool has a propane heater and has just been refinished. This home has impact windows and doors throughout and is ready for a new family to enjoy the Florida Keys lifestyle! Florida Keys Real Estate and Homes For Sale.
Waterfront Find in the Florida Keys. Located in Port Largo at mile marker 100 on the oceanside, this single family waterfront home boasts 80 feet of dockage with immediate ocean access. Designed with entertaining in mind, large living area, split bedroom plan, upstairs patio with canal and ocean views and a built in summer kitchen with Alfresco grills, which come with a lifetime guarantee. Perfect for your outdoor, waterfront dining pleasure. Amenities include: 11,000 lb boat lift. 6,800 lb davits, 2 car garage, brick paver driveway, CBS poured pre-stressed concrete construction including roof, commercial impact windows and sliding glass doors (security and impact rated, and so much more! Please contact your agent to schedule an appointment to preview this fabulous home. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Architecturally inspired by Italian Old World charm, this modern Mediterranean oceanfront estate is situated on a peninsula on the Atlantic Ocean in exclusive Ocean Cay, Key Largo. This luxurious estate home on over 1/2 acre of ocean front land features ultimate privacy with superior CBS construction, a four car garage, electric shutters, electric gates, elevator, 5 central AC units and over 5500 square feet of living space on 3 living levels. Majestic palms and the grand mahogany doors invite you into this four bedroom, five bath estate home filled with an abundance of natural light. Florida Keys Real Estate and Homes For Sale.
This stunning estate is uniquely designed featuring 10 bedrooms and 11.5 baths home is nestled on the Florida Bay in Key Largo. This secluded estate rests on just over 1 acre that is mesmerizing from the moment you enter the gate! The driveway is shared leading you to a tropical landscaped preserve and parking. Florida Keys Real Estate and Homes For Sale.
Enjoy spectacular panoramic sunsets in this one of kind, three level concrete house, situated directly on the open bay, near Blackwater Sound. This home encompasses the true beauty and all that the Florida Keys has to offer. Whether you decide to relax on your own private backyard beach, entertain guests and enjoy the covered pool downstairs, or simply spend a day out on the boat, your views and options are endless! The main level living offers 2 very spacious bedrooms, 2 baths and an open concept living space, along with expansive open bay views! Enjoy these picturesque views from your private screened in patio, or open your pocket sliding doors that incorporate this incredible outdoor space into your main living area. The third level offers an additional Florida Keys Real Estate and Homes For Sale.
Hammer Points Newest Home is almost complete.This designer open concept home offers 4 bedrooms & 4 baths perfectly positioned over 3,010 sq ft of living space. Each floor spills out into the exterior space and each offers its own covered terrace.The upscale finishes are noticeable throughout the whole property and include:LED lighting,lit staircases,custom Mosaic tile work, faux wood tile,quartz counter tops,hardwood cabinets,glass railings and much much more. The outdoor area boasts a custom pool, great for unwinding after a long day on the boat. Currently under construction is the concrete dock that will measure 50 ft long by 4 ft wide on one end and then another 15 ft.long on the other end (forms an L).The Completion/Certificate of occupancy is expected withing the next 30 days. Florida Keys Real Estate and Homes For Sale.
SANCTUARY BEACH HOUSE- This unique Islamorada residence is supremely located on the Florida Bay with year-round sunset views. Tranquil, natural beauty embraces the beautiful azure waters which create a breathtaking backdrop for this beach-style home. One and a half lots on the bay feature a lush tropical vegetation, great lawn, large pool and spa, sandy beach, protected deep-water boat basin with boat ramp, Jacuzzi deck and rock pond with bridge. Once you enter through one of the two electric gated entrances, you are immediately struck by the privacy and tranquility, hence the name Sanctuary. This residence affords stunning, vast panoramas of the Florida Bay. Open and enclosed patios and porches offer abundant opportunities to relax in the sun or the shade. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Lowest priced corner open water 9000 sq ft property with approx. 200 water frontage bayside on Plantation Key in Islamorada. Top floor private master ensuite & office. Other features include gated entrance, Parisian blue tile roof, garage, pool, 84dock with davits & protected dockage. Freshly painted and restored to its original splendor with NEW impact glass windows and doors, screening and pool/privacy fence. Accordion shutters a plus. Originally plumbed for a Master Suite Wet Bar & Rooftop structured for a Widows Walk. Fabulous sunsets and incredible Bay vistas abound from over 2040of open & screened verandas. A true blank canvas waiting for you to personalize. Start living your dreams and Be the Fortunate Buyer. Florida Keys Real Estate and Homes For Sale.
Immaculate 4 Bedroom 4.5 Bath CBS canal front, w/ Ocean Views from each Bedroom w/balconies, split floor plan. 70 Dock on direct Ocean Access canal in 2 minutes or less. Roof Top Balcony Ocean view, Beautiful Chefs kitchen with long granite countertop island making this kitchen a Gourmet Dream w/ all SS appliances and plenty of cabinet space. Outside Recreation area under roof w/ Wet Bar/Grill Kitchen with full bath outside, with heated pool/jacuzzi and paved floors outside with beautiful tropical landscape easy to maintain, CBS fenced in for privacy, gated and house alarm. Easy to commute to the mainland & centrally located to restaurants, entertainment & grocery. Easy to show. Florida Keys Real Estate and Homes For Sale.
Open water home on Florida Bay with dock & boat lift in desirable Buccaneer Point. Unwind in this charming island-style 3/2 on an extra large lot with fenced backyard, hot tub and outdoor shower. Kick back on the open water view screen porch or in the large top floor master with bay view balcony. Offset your expenses with repeat rentals if desired. This perfect Keys retreat is only an hour from Miami. New impact windows (2017) and new metal roof (2015). Dont miss this great opportunity to live on the open water with dockage! Florida Keys Real Estate and Homes For Sale.
Renovations almost complete, New kitchen and baths. Keys living is easy in this impressive, generously spacious water-front residence.The open floor plan on the 2nd floor encompasses four spacious bedrooms with plenty of room, 2 luxurious bathrooms, a new, sleek and stylish gourmet kitchen that flows through to the dining and living areas and a terrace at waters edge.The 3rd floor boasts an expansive master bedroom complete with a huge walk-in closet and en-suite bath, an enormous game area and a theater area also with its own bath. The master bedrooms terrace ensures its occupants have a private space where they can enjoy the water views. The permitted ground floor has a bedroom, bath, living area and kitchenette making it the ideal guest quarters. Completing this perfect Keys retreat Florida Keys Real Estate and Homes For Sale.
EXCEPTIONAL WATERFRONT LIFESTYLE offering a comfortable family friendly home. Beautiful & spacious both inside and out. From the outside, youd never guess what awaits you within. Desirable ground level flows through from the living to the large granite kitchen, dining area and combines with the covered terrace with wet bar leading to the pool & spa. Located on wide clean canal 80 dock. This custom built home features vaulted ceilings, tiled floors, separate den/office, impeccable and ready for you personification. 2nd Level consist of master suite, its own separate living room, 2 balconies, large walk-in closet, sitting area, shower & tub. All rooms are well-sized. Paved driveway, walled & Gated for privacy with 2 car garage. Open ocean access leading to world class fishing and diving Florida Keys Real Estate and Homes For Sale.
Welcome to Solace on the Point. Perfectly nestled on the bay is this amazing Stillwright Point Estate. As you enter the perfectly manicured grounds, the Brown & Crebbin designed landscaping greets you with all it warmth and privacy.There is the exquisitely decorated main house with 3 bedrooms, 3 baths and a magnificent roof-top deck with panoramic views. The guest house offers open water views through its glass walls.Each of the 3 stories in the main house offers a complete living area and elevator. The list of features includes a sandy beach, gated entries, monitored CCTV security system w/infrared beam detectors.Toto toilets,5,000 gals.cistern,generator,amazing roof-top deck for year-round sunsets, outdoor grill, commercial grade kitchen stove, 2 Boat lifts, 1 personal watercraft lift Florida Keys Real Estate and Homes For Sale.
Ocean and sandy beach, at your doorstep, this 2 bedroom 2 bath beachfront treasure opens your eyes to the sunny side of life! The quiet one-street neighborhood on Lower Matecumbe Key is a favorite for turtle watchers, close to the heart of Islamorada, and all it has to offer. Florida Keys Real Estate and Homes For Sale.
Casa Playa is a newly constructed 5 bedroom, 5 bath home with over 3,700 sq ft of living space and a 1,273 sq ft covered terrace over looking the pool and ocean. Nestled on almost an acre of land, Casa Playa boasts a 100 ft sandy beach and yet offers plenty of privacy and parking with its gated entry and paved driveway.As you arrive through its front door, the large open floor plan and high ceilings provide the perfect backdrop for entertaining and unwinding. The 8 ft impact doors offer ocean views from every angle. The light grey wood look porcelain tile throughout, provides the perfect canvas and compliments whichever interior style its new owner chooses.The kitchen, with its pantry, hard wood cabinets, and granite counter tops, opens to the living area. The master bedroom with its 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.
A rare opportunity to own a perfectly located and expansive bayfront estate in Key Largo! This gorgeous 4 bedroom, 4.1 bath home has everything and more! Theres no shortage of windows on this home to enjoy endless sunsets and panoramic bayfront views. The open living area includes a spacious kitchen, dining room and library. Each bedroom includes its own private bath. This amazing dream home also features garage parking for 3+cars, beautiful landscaping, a large heated swimming pool, a private beach, a 100 ft dock, relaxing covered porches, as well as balconies off the upstairs bedrooms. This home was thoughtfully designed by the owner/architect and and built in 2006 with the highest structural integrity. Florida Keys Real Estate and Homes For Sale.
CLASSIC ISLAMORADA RETREAT. Breathe in the good life at Penn Key Club! Enjoy this private home, located in an exclusive Bayfront gated community in the heart of Islamorada with pool & boat dockage in a protected boat basin. The lovely Old Florida home offers 3 bedrooms and 3 bathrooms with panoramic views of the open water from every angle. Enjoy magnificent sunsets year-round while relaxing in your living room or the charming sitting area located in the backyard on the open Bay. This offering is Keys living at its finest! Florida Keys Real Estate and Homes For Sale.