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
A Beautifully Unique 3 story home in the highly desirable Henderson Springs SD. 7 bedrooms and 5 full baths ! Completely updated with a new roof, new HVAC system , hot ...
- 7 Beds
- 6 Baths
- 5,756 SqFt.
- 1064985 MLS
- ACTIVE Status
Great three bedroom two bath home in convenient Sevierville location just past Hwy 66 behind Home Depot. Nice rancher style living with additional bonus/family room. Car ...
- 3 Beds
- 2 Baths
- 1,624 SqFt.
- 1099215 MLS
- ACTIVE Status
4 BR 2 Bath Manufactured Home located on oversized lot Features large family room and large covered deck across the back of the home. Property owned by US Dept of HUD. HU...
- 4 Beds
- 2 Baths
- 2,322 SqFt.
- 1103544 MLS
- ACTIVE Status
This cute as a button ranch style home is situated on almost 1 1/2 acres. Ideally located just minutes to Pigeon Forge and to Maryville. Close to shopping, dining and loc...
- 2 Beds
- 2 Baths
- 1,152 SqFt.
- 1104203 MLS
- ACTIVE Status
Nice ranch home with carport. This home has a large workshop area and front porch. Hardwood floors in the large living area and bedrooms.
- 3 Beds
- 1 Baths
- 1,560 SqFt.
- 1105117 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
Beautiful views and a great location! This home is located just minutes to Douglas Lake, Sevierville, and just minutes off of I-40! This home is eligible for 100% finan...
- 3 Beds
- 2 Baths
- 1,728 SqFt.
- 1073378 MLS
- ACTIVE Status
Basement ranch style home with 5+/- acres that is located in a quiet country setting yet still close to Knoxville and Jefferson City. This could be a great investment for...
- 3 Beds
- 1 Baths
- 1,200 SqFt.
- 1102166 MLS
- ACTIVE Status
Great opportunity to own this 4 bedroom 2.5 bathroom single family home. This property built in 1948 has approximately 1526 square feet of living space. Close to restaura...
- 4 Beds
- 3 Baths
- 1,526 SqFt.
- 1099467 MLS
- ACTIVE Status
Bring this charmer back to life! Brick & stone rancher on just over 1 acre with loads of potential! Huge detached 2 car garage has plenty of space for storage or worksh...
- 3 Beds
- 2 Baths
- 1,302 SqFt.
- 1103515 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 .