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
Multiple offers. Seller has requested highest and best by 11:59 pm MST 11/13/2019.Stunning estate property on over 3 beautiful acres with amazing panoramic mountain view!...
- 5 Beds
- 7 Baths
- 5,770 SqFt.
- 1093063 MLS
- ACTIVE Status
The first thing you'll notice are the INCREDIBLE MOUNTAIN VIEWS from your front covered porch or your side deck! Real wood floors in the great room, hall! Vaulted ceil...
- 3 Beds
- 2 Baths
- 1,898 SqFt.
- 1099482 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
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 l...
- 2 Beds
- 2 Baths
- 1,152 SqFt.
- 1097150 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
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
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
- 3 Baths
- 1,767 SqFt.
- 1073045 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
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
An investment opportunity you don't want to miss! This 3 bedroom, 2 bath home iswhat you have been waiting for. Features include approximately 1216 square feetof living s...
- 3 Beds
- 2 Baths
- 1,216 SqFt.
- 1088547 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 .