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.
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
Simply AWESOME!!!! One of the highest points at the very top of Bluff Mtn. You can see for miles and miles and miles!!! All the way to Douglas Lake to the right. Like bei...
- 3 Beds
- 3 Baths
- 3,770 SqFt.
- 1081254 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
Log and cedar siding with balconies and covered decking. Many updates including - roof, carpet, tile and new light fixtures! Privacy and nature abound here! Make this y...
- 2 Beds
- 3 Baths
- 1,856 SqFt.
- 1080609 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
GREAT OPPORTUNITY IN BLOUNT COUNTY! This 3BR 1BA Basement ranch features an eat-in kitchen, Master on main, Basement that is ready for your finishing touch and a large de...
- 3 Beds
- 1 Baths
- 1,260 SqFt.
- 1078573 MLS
- ACTIVE Status
This picture perfect home with its awe inspiring mountain view is situated on over an acre of gently rolling land. The first thing you notice is its massive wrap around d...
- 2 Beds
- 3 Baths
- 3,120 SqFt.
- 1081153 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
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
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 .