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 with 7 bedrooms and 5 full baths ! Completely updated with a new roof, new HVAC system , hot water heater, new carpet, tile and paint. ...
- 7 Beds
- 6 Baths
- 5,756 SqFt.
- 1064985 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
Currently in multiple offer status. Seller has requested highest and best offers due by 3/26/19 at 11:59 pm MST. Incredible views!!!! One of the highest points in Royal O...
- 5 Beds
- 3 Baths
- 3,538 SqFt.
- 1072847 MLS
- ACTIVE Status
Lovely Setting!!! Recently Renovated and Ready to Move in!!! Beautiful Home offers 2BDR/2BA 986 Sq. Ft. in Walnut Grove Subdivision schools in the area Pigeon Forge Prima...
- 2 Beds
- 2 Baths
- 986 SqFt.
- 1066034 MLS
- ACTIVE Status
Spacious all brick 3BDR/2BA rancher offers an open floor plan with 1,767 square feet of living space and sits on a large lot 1.2 acre. A fireplace on exposed brick wall i...
- 3 Beds
- 2 Baths
- 1,767 SqFt.
- 1073045 MLS
- ACTIVE Status
Lovely Bradford Pear trees grace the front yard of this brick & frame rancher. Large back yard, fully fenced. All appliances convey. Nice sized pantry and laundry room...
- 3 Beds
- 2 Baths
- 1,414 SqFt.
- 1073944 MLS
- ACTIVE Status
FORECLOSURE!!! Great three bedroom, two bath house on almost a half an acre. Great potential to rehab and flip or to rehab as a residence. Lots of opportunity to make thi...
- 3 Beds
- 2 Baths
- 2,560 SqFt.
- 1071376 MLS
- ACTIVE Status
Great opportunity on this bank owned home. Convenient county location with mountain view. Home is in need of repairs and renovations.
- 3 Beds
- 3 Baths
- 2,150 SqFt.
- 1069251 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 with vinyl siding, insulated windows, and hardwoods. Fenced yard with one car basement garage plus carport. The Master Bedroom and bath were added to...
- 3 Beds
- 2 Baths
- 1,404 SqFt.
- 1062722 MLS
- ACTIVE Status
Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2019 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .