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.
Luxury single family home in beautiful Key Colony Beach, East Facing 3br-2ba, 2 car garage, custom built Aultman home. Storm resistant windows, flat tile roof, beautiful tile floors, custom kitchen & master bath. Built in 2003 w/living area of 1,927 sq. ft. Extra high ceiling w/full crown molding. 50' wood dock w/concrete poles + 15,000 lb. brand new boat lift. RETIRE NOW !!!! Florida Keys Real Estate and Homes For Sale.
In the heart of Upper Matecumbe lies one of Islamorada's premier properties. Over an acre and a half located directly on the Florida Bay offering sunsets, protected dockage and pool overlooking the open water. Completely renovated 3/4.5 main house and 1/1 guest. Impact windows, sliders and entry doors. Entire home in and out has been recently painted. Large laundry room with multiple storage Florida Keys Real Estate and Homes For Sale.
The Coconut Plantation! Extraordinary chance to purchase 3 LOTS on the open water with epic sunrise views & 180 ft of great deep water boating access. Enjoy your privacy with the numerous palms, concrete privacy wall and electronic gated entry, brick paver drive, & huge balcony overlooking the beautiful azure waters of the Atlantic Ocean. Florida Keys Real Estate and Homes For Sale.
Beautifully appointed home on Sombrero Isle, the Gem of Marathon. A subd. of high end homes, large lots, close to the only beach, great walking trails and airport. Greatroom opens to veranda with pocket 10' glass sliders. Volume ceilings, island kitchen with granite. Climate controlled garage, elegant foyer,circular drive. Elevator shaft in place. Heavily landscaped private pool and spa. Florida Keys Real Estate and Homes For Sale.
Walled estate located in the heart of Duck Key! Features 4bd/3.5 baths, tiki hut, new metal roof, 100ft new concrete seawall and dock! Easily fit a large sportfisher w/easy ocean access. Open floor plan is great for entertaining! Original Cuban Tiles line the floors with wood floors in the upgraded kitchen that features granite counter tops, stainless steel appliances and newer cabinets. Must see! Florida Keys Real Estate and Homes For Sale.
ELEGANCE AWAITS in this 4/3 CBS home located in a Great neighbrhood. French doors open onto a balcony from just about every room.Porcelain & Marble floors and Impact windows & doors throughout. Kitchen equipped with granite counters, wood cabinets & stainless steel appliances. The downstairs guest quarters has a living space, wet bar, bedroom and bath, all legal. Florida Keys Real Estate and Homes For Sale.
Your love shack on the beach in Islamorada. All concrete structure has second prefirm bath down. Expansive living room and screened porch provide sweeping Oceanfront views! Large lot directly behind the house on a nice canal with concrete dock and davit pads in place.The best of all worlds, views and dockage! Florida Keys Real Estate and Homes For Sale.
Exclusive Long Beach Estates, over one half acre of beautiful sand, unobstructed open water views, moon and stars galore. Privacy, fantastic fishing, diving and soul searching. Relax in the custom 5 bed, 3 bath spacious home, open floor plan, great porches with views of sunrise and sunset. Garage with workshop. Large pool and sandy beach. Families of deer to love and birds you have never seen. Florida Keys Real Estate and Homes For Sale.
DESIRABLE VENETIAN SHORES all concrete home featuring 4bd/3ba, interior staircase, large downstairs living quarters, garage, huge open patio great for entertaining, 70' of deep-water concrete dockage with outstanding ocean/bay boating access. Florida Keys Real Estate and Homes For Sale.
Come enjoy the open water views this property offers. This is a beautiful home located in Summerland Cove Isles. There is 100 ft. of concrete dockage and is on a wide, deep canal. There is an in ground pool and hot tub with plenty of room for your outdoor entertaining. This home offers a open floor plan with 4 bedrooms and 3 full baths. The master bedroom has a spacious bathroom and open water vie Florida Keys Real Estate and Homes For Sale.
Welcome home to Angler's Reef! Beautiful ocean views in the premier unit. Best location, beautiful views from your porches off the master and the living room. Upgrades galore. Wonderful amenities. Be at the reef in 10 minutes from your deeded 31' boat slip. Upgraded/bigger slip (46 foot) available for $250,000.4/3 unit w lots of storage. No detail left unfinished in ultimate style. COME SEE! Florida Keys Real Estate and Homes For Sale.
Beautiful Duplex with pool with waterfall and jacuzzi, nice step down dock all composite decking, impact windows throughout, high ceilings, recently renovated, custom bathrooms, look at the pictures of the master bath, paved driveway, 4beds 2baths upstairs, and 2beds and 2bath downstairs, Garage, storage, parking, this place has it all. the pavers in the backyard are beautiful Florida Keys Real Estate and Homes For Sale.
Well appointed 4 bed/4 bath home on open water located on dead end street in desired Duck Key. Home has open floor plan with 2/2 up and 2/2 down, beautiful views of the inlet, canal & ocean. Property offers 78' of concrete dock, seawall, boat lift, gated in-ground pool, tiki hut, lush landscaping and privacy from neighbors. Florida Keys Real Estate and Homes For Sale.
Mediterranean styled pool home in Venetian Shores. 2 story all concrete w/tile roof. 4 private bedroom suites. Master bedroom looks onto 2nd floor veranda & pool area. Formal dining area. Great room with French doors opening to pool/patio area. Eat-in kitchen with granite & stainless appliances also looks over pool. 20,000# boat lift & waterside chickee. Immediate ocean/bay access via Snake Creek. Florida Keys Real Estate and Homes For Sale.
Coconut trees shade the sandy beach front. Entry level opportunity among neighboring multi-million dollar homes of prestigeous Summerland Beach...the crown jewel in the Lower Keys. Located just 20 minutes outside of Key West. Access to protected boat basin and canal out back for your boat. Florida Keys Real Estate and Homes For Sale.
Beautiful waterfront pool home in Islamorada's most desirable neighborhood, Venetian Shores. Impressive 4 bdrm., 4 1/2 bath home, entertaining gourmet kitchen with granite countertops, soaring ceilings, beautiful great room, private master suite, separate guest quarters, 100 ft. dock, davits and a impressive outdoor entertaining area grill & tiki hut, with pavers and custom built pool and jacuzzi Florida Keys Real Estate and Homes For Sale.
OCEANFRONT CBS w/ concrete floors on a 90x117 lot. All Tile Floors. Quick boating access. Gorgeous Sunsets, saltwater fiberglass pool & large tiki hut. Super home for entertaining inside / outside. Features 3 large bedrooms, porch with southern exposure overlooking the ocean, family room, dining room and large kitchen with pantry. Vacation rentals in place. Snorkel & kayak in your back yard. Florida Keys Real Estate and Homes For Sale.
HUGE OCEANFRONT BEAUTY offering breathtaking ocean views, 300' of oceanfront dockage, deep-water basin, 2 sets of davits. Fabulous ocean views from almost every room, 4bd/4.5ba, elevator, huge master suite on third floor, large open sun-filled rooms on all levels, remarkable outdoor entertainment, nicely landscaped and gated. Florida Keys Real Estate and Homes For Sale.
Amazing 3 bedroom 2 bath home with upgrades in kitchen and master bathroom. Tropical landscaping. Kitchen is custom with oak cabinet. Marble in the master bath with Jacuzzi. Brick Paver driveway and deck that surrounds the heated pool. Newer roof that will withstand 150+ mph winds. Chickee Hut with bar that overlooks the wide canal. 82 ft. of concrete dock. Elevated pool and deck that is great Florida Keys Real Estate and Homes For Sale.
Ocean front privacy and gracious spacious living is in abundance in this stunning 5 bedroom pool home in Islamorada. Formal entry foyer, tiled throughout, elevator, covered parking & garage. Tropical grounds w/gated entrance. The home boasts granite & tile kitchen w/matching dining table, new stainless appliances, screened balcony overlooks the Atlantic & grand patio poolside for entertaining. Florida Keys Real Estate and Homes For Sale.
Built in 2011, this home has a great floor plan with expansive porches and ocean views. This property features 4 bedroom 3 baths, 2 car garage, a convenient step down canal front dock, and a custom pool with spa. The gourmet kitchen is equipped with Thermador appliances and granite countertops making it a chef's delight. Florida Keys Real Estate and Homes For Sale.
Bay Front Beauty,Custom built home featuring 4Br/3Baths, cathedral ceilings,granite counter tops, garage,carport,electric gate,125 ft.pier dock w/20,000lb boat lift. breathtaking view of open bay and intercoastal. Florida Keys Real Estate and Homes For Sale.
Discover Mariposa. The spectacular architecture inspired the name of this magnificent oceanfront estate that spans 120 ft. along the beach on Grassy Key in the beautiful Florida Keys. Secluded behind a privacy gate, this Bali influenced contemporary home is designer/contractor owner's own home. Built to standards in which only the absolute best of everything would do. Green built and Florida Keys Real Estate and Homes For Sale.
A winding brick-pavered drive leads you to your more than 1 acre oceanfront oasis. This beautiful home offers spectacular views of the Atlantic and a large screened balcony runs the width of the home offering a great place for dining or just relaxing and enjoying the seemingly endless vista.Featuring an in-ground pool and 150'of sandy beach, giving you choice of swimming, water play or fishing. Florida Keys Real Estate and Homes For Sale.