Saving Money with Foreclosed Property
Purchasing distressed property (a home or property that has been foreclosed, a property that is at 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.
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 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 may agree to accept less than the amount that is owed on the property.
- Real Estate Owned (REO) property: In the real estate industry, this term means that the mortgage company or lender owns the property. Purchasing an REO property is similar to buying a short sale property, except the property is already owned by the lender.
Search for Lots, Land, Acreage in and near the Great Smoky Mountains
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Foreclosed Homes and Cabins in and near the Great Smoky Mountain
Great investment property or personal residence. Huge wrap around deck on the 2nd floor would be great for entertaining or just relaxing with family. Located just minutes...
- 3 Beds
- 3 Baths
- 1,971 SqFt.
- 1063540 MLS
- ACTIVE Status
Spacious Log Home in Saddle Ridge Subdivision on 5 acres, near Great Smoky Mountains. Offers 2BDR/3BA, Living room with cathedral ceilings and cozy fireplace, island in a...
- 2 Beds
- 3 Baths
- 2,581 SqFt.
- 1054898 MLS
- ACTIVE Status
This exquisite ginormous 2 story home resides in the much sought after family friendly subdivision of Berry Ridge. It is situated on almost an acre with a backdrop of a b...
- 3 Beds
- 4 Baths
- 3,867 SqFt.
- 1061605 MLS
- ACTIVE Status
Great cul-de-sac location, at the very back of the subdivision; Super-convenient to Pellissippi; Open Living Room/Dining Area/Kitchen, with Slider to the over-sized Deck;...
- 3 Beds
- 2 Baths
- 1,660 SqFt.
- 1061993 MLS
- ACTIVE Status
1 1/2 story with full basement. Potential galore! This could be a dream property with some love! All data (incl sq ft) taken from prev MLS, Tax Records or current deed. P...
- 3 Beds
- 3 Baths
- 1,331 SqFt.
- 1044898 MLS
- ACTIVE Status
Come take a look! Double wide located in a quiet country setting with mountain views, a covered porch, open floor plan, and has a stone fireplace. The acreage includes th...
- 4 Beds
- 2 Baths
- 1,890 SqFt.
- 1057115 MLS
- ACTIVE Status
Great opportunity to own this 3 bedroom 2 bathroom mobile home. This property built in 1994 has approximately 1568 square feet of living space. Close to restaurants and s...
- 3 Beds
- 2 Baths
- 1,568 SqFt.
- 1061626 MLS
- ACTIVE Status
Double wide on 1.44 acres at end of private road. Very private location, wooded and minutes to town. 2 bedroom, 2 bath with office, large kitchen, dining room and living...
- 2 Beds
- 2 Baths
- 1,320 SqFt.
- 1061559 MLS
- ACTIVE Status
Mobile home located in rural area on 1 acre. Property does need work, price reflects. No water supply
- 3 Beds
- 2 Baths
- 1,596 SqFt.
- 1063713 MLS
- ACTIVE Status
Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2018 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .