Looking for a Foreclosure?
Purchasing a foreclosure, short sale, or REO property is a great way to save money on the purchase of your next home--or even your next money-making investment cabin. We've been working with foreclosures for a very long time, and we're more than happy to help you find the best home for your dollars.
We've programmed our property search engine to have special foreclosure pages to make it easy for you to start looking. Just click the links below to start browsing.
Foreclosures in the Smoky Mountains
Short Sales in the Smoky Mountains
Gatlinburg foreclosure listings
Sevierville foreclosure listings
Pigeon Forge forclosure listings
Foreclosures and Short Sales in the Knoxville Area
Or, you can call us or send us an e-mail for information and listings of property that may not be provided by a public search of the MLS.
What Are Foreclosures, Short Sales, and REO Properties?
Foreclosed property: Foreclosed property is property that is at public auction because payments have not been met, and the lender has exercised an the right to possess the property.
Short sale property: Short sale property is property that is in foreclosure but before the property goes to public auction. Under a short sale, a lender must agree to accept less than the amount that is owed on the property.
Real Estate Owned (REO) property: In the industry, this term means that the bank or lender owns the property. Buying an REO is similar to buying a short sale except the property is already owned by the lender.