Short Sale Real Estate in the Florida Keys

A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the current debtor. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers.
In a short sale, the bank or mortgage lender agrees to discount a loan balance because of an economic or financial hardship on the part of the borrower. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender. Neither side is "doing the other a favor;" a short sale is simply the most economical solution to a problem. Banks will incur a smaller financial loss than foreclosure or continued non-payment would entail. Borrowers are able to mitigate damage to their credit history, and partially control the debt. A short sale is typically faster and less expensive than a foreclosure. It does not extinguish the remaining balance unless settlement is clearly indicated on the acceptance of offer.

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The Upper Keys of of the Key West Region include Keys in Biscayne National Park (accessible only by boat) in Miami-Dade County. Transitional keys in this specific region include; Soldier Key, Ragged Keys, Boca Chita Key, and Sands Key. True Florida Keys, (i.e., exposed ancient reefs) in the Upper Keys area include; Eliot Key, Adams Key, Reid Key, Rubicon Keys, Tottered Key, and Old Rhodes Key. Keys in Monroe County include; Key largo, Plantation Key, Windley Key, Upper Matecumbe Key, Lignumvitae Key, and Lower Matecumbe Key. (Plantation Key through Lower Matecumbe Key are incorporated as Islamorada, Village of Islands. The "towns" of Key Largo, North Key Largo and Tavernier, all on the island of Key Largo, are not incorporated.)

Key Largo is connected to the mainland in Miami-Dade County by two routes. The Overseas Highway, which is U.S. Highway 1, enters Key Largo at Jewfish Creek near the middle of the island and turns southwest. Card Sound Road connects to the northern part of Key Largo at Card Sound Bridge and runs eastward to connect with County Road 905, which runs southwest and joins U.S. 1 at about mile marker 106. These routes originate at Florida City on the mainland.

Key Largo is a popular tourist destination and calls itself the "Diving Capital of the World" because the living coral reef a few miles offshore attracts thousands of scuba divers and sport fishing enthusiasts. Key Largo's proximity to the Everglades also makes it a premier destination for kayakers and eco tourists.

Key Largo is a census-designated place in Monroe County, Florida, United States, located on the island of Key Largo in the upper Florida Keys. The population was 11,886 at the 2000 census. The name comes from the Spanish Cayo Largo, or "long key". It is the first island of the Florida Keys and the originating point of the Overseas Highway to Key West.

Islamorada, a "Village of Islands," is an incorporated village in Monroe County, Florida, United States. It is located on the islands of Tea Table Key, Lower Matecumbe Key, Upper Matecumbe Key, Windley Key and Plantation Key in the Florida Keys.The village was incorporated on November 4, 1997. Prior to this date, Islamorada was only considered to be on the island of Upper Matecumbe Key.As of the 2000 census, the village had a total population of 6,846. As of 2007, the population recorded by the U.S. Census Bureau is 6,386.The name Islamorada, meaning "purple island", came from early Spanish explorers in the area. Its pronunciation has been Anglicized to aisle-a-more-AH-dah.Islamorada was hit almost directly by the Labor Day Hurricane of 1935, causing 423 deaths. A memorial, including the ashes of over 300 victims, exists today at Overseas Highway mile marker 82.

Marathon is a city on Knight's Key, Boot Key, Key Vaca, Fat Deer Key, Long Point Key, Crawl Key and Grassy Key islands in the middle Florida Keys, in Monroe County, Florida, in the United States. As of the 2000 census, the city had a total population of 10,255. As of 2005, the population recorded by the U.S. Census Bureau is 10,626.

Big Pine Key is a census-designated place and unincorporated community in Monroe County, Florida, on an island of the same name in the Florida Keys. As of the 2000 census, the town had a total population of 5,032.

Key West is a city in Monroe County, Florida, United States. The city encompasses the island of Key West, the part of Stock Island north of U.S. 1 (the Overseas Highway) (east), Sigsbee Park (north, originally known as Dredgers Key), Fleming Key (north), and Sunset Key (west, originally known as Tank Island). Both Fleming Key and Sigsbee Park are part of Naval Air Station Key West and are inaccessible by civilians. Key West is the county seat of Monroe County. Key West is known as the southernmost city in the Continental United States. It is also the southern terminus of U.S. 1, State Road A1A, the East Coast Greenway and before 1935, the Florida East Coast Railway.

Key West is 129 miles (207 km) southwest (229.9 degrees) of Miami, Florida, (about 160 driving miles) and 106 miles (170 km) north-northeast (21.2 degrees) of Havana Cuba. Cuba, at its closest point, is 94 statute (81 nautical) miles south.

Key West is a seaport destination for many passenger cruise ships. The Key West International Airport provides airline service. Hotels and guest houses are available for lodging. Naval Air Station Key West is an important year round training site for naval aviation due to the superb weather conditions. It is also a reason the city was chosen as the Winter White House of President Harry S. Truman. The central business district primarily comprises Duval Street, and includes much of the northwest corner of the island along Whitehead, Simonton, Front, Greene, Caroline, and Eaton Streets and Truman Avenue. The official city motto is "One Human Family."