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
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
Great opportunity to own this 4 bedroom 2.5 bathroom single family home. Thisproperty built in 1979 has approximately 3041 square feet of living space. Closeto restaurant...
- 4 Beds
- 3 Baths
- 3,041 SqFt.
- 1083870 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
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
Spacious Home sits on 7.25 acres in J R Brown Est Subdivision and offers 2,839 Square Feet and built in 1973. Country Setting. This is a Fannie Mae HomePath Property!
- 5 Beds
- 4 Baths
- 2,839 SqFt.
- 1082825 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 2182 square feetof living s...
- 3 Beds
- 2 Baths
- 2,182 SqFt.
- 1086494 MLS
- ACTIVE Status
MULTIPLE OFFERS - HIGHEST AND BEST DUE NOON 7/19 FRIDAY -Rancher with 3 bedrooms and a great floor plan! Huge, fenced back yard and a detached garage big enough for cars ...
- 3 Beds
- 1 Baths
- 976 SqFt.
- 1086984 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 .