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

Click this link to display all listings of land.

Don't see what you're looking for? Give us a call and we can help you find it!

Foreclosed Homes and Cabins in and near the Great Smoky Mountain

3369 Robeson Road, Sevierville $1,385,000

Resort Style Amenities- Wanna get your game on this property has its own Pickle Ball Court, lights up for nite play and a 6 hole Putt Putt Golf Course. When its to hot ...

7,800 SqFt.
312860 MLS
ACTIVE Status

3369 Robeson Rd, Sevierville $1,385,000

Resort Style Amenities- Wanna get your game on this property has its own Pickle Ball Court, lights up for nite play and a 6 hole Putt Putt Golf Course. When its to hot ...

5 Beds
6 Baths
4,940 SqFt.
1348690 MLS
ACTIVE Status

2869 Hatcher Mountain Rd, Sevierville image

2869 Hatcher Mountain Rd, Sevierville $1,289,000 ▼

CHECK THIS OUT, Great for large families to unite, this absolutely gorgeous eight bedrooms, Nine & a half baths weekend getaway nestled in the Great Smoky Mountains is ...

5 Beds
10 Baths
5,104 SqFt.
1330810 MLS
ACTIVE Status

2430 Rainbow Falls Lane, Sevierville image

2430 Rainbow Falls Lane, Sevierville $1,135,000

Must see this 5 STAR reviews modern rustic cabin in the Great Smoky mountains, *** OPPORTUNITY*** GREAT investment for a weekly / weekend vacation rental that any inve...

3 Beds
3 Baths
3,476 SqFt.
1342167 MLS
ACTIVE Status

433 Red Hawk Way, Gatlinburg $999,900 ▲

Positioned in one of the most visited destinations in the country, this fully furnished, turnkey cabin at 433 Red Hawk Way offers an exceptional opportunity for investors...

2 Beds
4 Baths
3,228 SqFt.
1343336 MLS
ACTIVE Status

1425 Nicoha Blvd, Sevierville $679,900 ▼

Stunning and COZY 3 bedroom , 3 bath cabin on large lot. OPPORTUNITY IS HERE!!! This fabulous well designed unit offers all the comfort of home and all the Great Smoky ...

3 Beds
3 Baths
2,960 SqFt.
1307117 MLS
ACTIVE Status

4360 Lakeshore Ave, Sevierville $650,000

Smoky Mountain Retreat - Airbnb Opportunity! Escape to this enchanting 3-bedroom, 2-bath log home, nestled just minutes from Gatlinburg and surrounded by the natural ...

3 Beds
2 Baths
1,642 SqFt.
1329205 MLS
ACTIVE Status

4160 Chamberlain Lane, Sevierville image

4160 Chamberlain Lane, Sevierville $579,000

****Investor Alert****Turnkey Cabin Potential in Wears Valley! **Unbeatable Location & Massive Equity Potential** Investors, take note! This well-maintained cabin is ...

3 Beds
3 Baths
2,509 SqFt.
1345022 MLS
ACTIVE Status

2875 E Walnut Grove Rd, Sevierville image

2875 E Walnut Grove Rd, Sevierville $519,900 ▼

Private secluded mountain retreat gorgeous views from the front porch. If your looking to have a big family event and unplug this would be the ideal place. NEW Stainle...

3 Beds
3 Baths
3,150 SqFt.
1314866 MLS
ACTIVE Status

735 Pollard Rd, Kodak $500,000

Welcome to East Tennessee, where mountain beauty, peaceful living, and endless adventure come together! Situated on 1.11 private creek-front acres, this beautiful 3-bedro...

3 Beds
3 Baths
2,944 SqFt.
1349543 MLS
ACTIVE Status

Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2026 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .

Saving Money with Foreclosed Property

What Are Foreclosures, Short Sales, and REO Properties?

Search for Lots, Land, Acreage in and near the Great Smoky Mountains

Don't see what you're looking for? Give us a call and we can help you find it!

Foreclosed Homes and Cabins in and near the Great Smoky Mountain

Address Search

Great Smoky Mountain Communities

Greater Knoxville Communities

What to do in Our Area

Want To Relocate To East Tennessee?

Partnerships