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

720 Pinecrest Dr, Gatlinburg $1,950,000

Welcome to your own slice of Smoky Mountain luxury! Built in 2022, this immaculate log cabin offers approximately 4,669 square feet of living space and over 7,285 total s...

2 Beds
6 Baths
4,669 SqFt.
3591793 MLS
ACTIVE Status

2430 Rainbow Falls Ln, Sevierville image

2430 Rainbow Falls Ln, 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 investo...

3 Beds
3 Baths
3,476 SqFt.
3528379 MLS
ACTIVE UNDER CONTRACT Status

450 Hawken Drive, Walland $750,000

New Construction in the Smokies. Wake Up to Blackberry Mountain | Homestead West NEW CONSTRUCTION WAITING TO BE FINISHED. PRICED TO MOVE. LOCATION, VIEWS & INVESTMENT...

3 Beds
5 Baths
3,945 SqFt.
1356713 MLS
ACTIVE Status

Pigeon Forge $699,900 ▼

Mountain views, 1.33 wooded acres, and a documented short-term rental history. This furnished 2-bedroom, 4.5-bath log cabin in Pigeon Forge is commercially classified for...

2 Beds
5 Baths
3,091 SqFt.
1355082 MLS
ACTIVE Status

2336 Breezy Rd, Sevierville $693,200

NOT to miss this private setting, beauty in Mountain Crest Sub, spacious Three bedroom, Three and half baths, open floor plan. Plenty of room to roam , play games, sit ba...

3 Beds
4 Baths
2,691 SqFt.
1359081 MLS
ACTIVE Status

2123 Windy Lane, Sevierville $667,900 ▼

Stunning Two Story Log Cabin with a basement was built in 2024. Upgrades to include granite counter-tops in kitchen, as well as bathroom. Along with really nice tiled wa...

3 Beds
3 Baths
2,352 SqFt.
1356650 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

1425 Nicoha Blvd, Sevierville $649,900 ▼

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

3 Beds
3 Baths
2,960 SqFt.
1354196 MLS
ACTIVE Status

2807 Teaberry Hill Way, Sevierville image

2807 Teaberry Hill Way, Sevierville $584,950

Contemporary and rustic - all at the same time in a private, 2.5 acre wooded setting. Exterior is stone and wood offering a large deck on the main level, tall ceilings, t...

2 Beds
2 Baths
1,448 SqFt.
1358630 MLS
ACTIVE Status

4160 Chamberlain Lane, Sevierville image

4160 Chamberlain Lane, Sevierville $555,000 ▼

****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

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 .

Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.

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

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