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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Contact Deborah Korlin for Assistance

Most of the time you will save time if you get professional advice when looking for land, farms, and lots.  I know the region well and can help you.  Call me at 865-765-6157 or Email me.

Foreclosed Homes and Cabins in and near the Great Smoky Mountain

Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2018 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .