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
Stunning estate property on over 3 beautiful acres with mountain view!! Island with fish pond in driveway entry, huge pool, tennis court, sunken hot tub and gigantic pati...
- 5 Beds
- 7 Baths
- 5,770 SqFt.
- 1093063 MLS
- ACTIVE Status
FORECLOSURE!!! Excellent rental potential. 4 miles to downtown Gatlinburg. 4 bedroom, 2.5 bath house with over 3,000 sq. ft. sitting on a 1.2 acre lot. Hardwood, tile and...
- 4 Beds
- 3 Baths
- 3,192 SqFt.
- 1095336 MLS
- ACTIVE Status
Cabin located in a quiet country setting with beautiful mountain views, an enclosed porch, a covered porch, multiple storage sheds, and has almost 5 acres of land. This h...
- 4 Beds
- 3 Baths
- 2,580 SqFt.
- 1093976 MLS
- ACTIVE Status
Beautiful Mountain Views off your private deck in this gated community.
- 3 Beds
- 2 Baths
- 1,300 SqFt.
- 1081538 MLS
- ACTIVE Status
2000 Clayton Doublewide with 3 bedroom, 2 bathrooms on 5.20 acres of land. This home features new carpet, new paint, kitchen island, and fireplace. Possible owner finan...
- 3 Beds
- 2 Baths
- 1,680 SqFt.
- 1091504 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
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 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
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 .