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
Recently Renovated and Ready to Move in Condition!!! 3BDR/1.5BA rancher with attached 2 car garage and detached garage/work shop (per CRS buyer to verify) Home offers 148...
- 3 Beds
- 2 Baths
- 1,480 SqFt.
- 1116314 MLS
- ACTIVE Status
Don't Rent When You Can Own! Nicely refreshed and move-in ready. Hard to find three bedroom, two bath in West Maryville. Super convenient to shopping, airport, schools, a...
- 3 Beds
- 2 Baths
- 1,120 SqFt.
- 1117605 MLS
- ACTIVE Status
One level living with 3 bedrooms, 1 1/5 bathrooms. Home features basement, garage, and large backyard with open deck. Property owned by US Dept. of HUD. HUD case # 4812...
- 3 Beds
- 2 Baths
- 1,189 SqFt.
- 1104039 MLS
- ACTIVE Status
Great opportunity to own this 3 bedroom 2 bathroom single family home. Thisproperty built in 2003 has approximately 1440 square feet of living space. Closeto restaurants ...
- 3 Beds
- 2 Baths
- 1,440 SqFt.
- 1114981 MLS
- ACTIVE Status
1996 Doublewide with 4 bedrooms, 2 bathrooms on 2.32 acres. Home features nice lot, close to all amenities, shopping, and major highways. Property owned by US Dept. of ...
- 4 Beds
- 2 Baths
- 2,079 SqFt.
- 1115895 MLS
- ACTIVE Status
Quaint cabin style home located off the beaten path in the foothills of the Smokies! The tree shaded lot with a winding creek or your large front porch is a great place...
- 2 Beds
- 1 Baths
- 864 SqFt.
- 1116418 MLS
- ACTIVE Status
Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2020 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .