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
Well maintained two and one half story brick home in excellent location near the lake and mountains in Lashbrooke. This custom built home is located on over a three quart...
- 6 Beds
- 6 Baths
- 6,157 SqFt.
- 1103475 MLS
- ACTIVE Status
OPEN HOUSE SUNDAY MARCH 1st FROM 2-4..Beautifully Unique 3 story home in the highly desirable Henderson Springs SD. 7 bedrooms and 5 full baths ! Completely updated wit...
- 7 Beds
- 6 Baths
- 5,756 SqFt.
- 1064985 MLS
- ACTIVE Status
A Beautifully updated 3 bdr/2 bath home with level lot, covered back porch. New Roof, new flooring and paint. New stainless steel appliances and the list goes on. Split b...
- 3 Beds
- 2 Baths
- 1,851 SqFt.
- 1108621 MLS
- ACTIVE Status
Adorable home is a quiet, country setting, but just minutes to Sevier County! This cute home won't last! Bank owned, so 100% financing is available through Commercial B...
- 3 Beds
- 2 Baths
- 1,313 SqFt.
- 1107363 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
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
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
Rancher w/ lots of space. Bring your hammer & tools and make the house a home! The property is sold ''as is'' condition. THIS PROPERTY IS ELIGIBLE UNDER THE FREDDIE MAC F...
- 3 Beds
- 2 Baths
- 2,204 SqFt.
- 1098697 MLS
- ACTIVE Status
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