East Tennessee Foreclosures

East Tennessee continues to be a very affordable place to live, however, current market conditions and the present state of the economy have taken its toll on many families in the East Tennessee area. There are many homes, and the list grows every day, that are in a short sale or full foreclosure status. These homes are being sold typically as is and can be tens of thousands of dollars below market value. THERE ARE DEALS TO BE HAD!

East Tennessee Short Sales

The "Short Sale" is also another very lucrative way to acquire both residential and commercial property under its appraised value. The short sale should not be confused with the term "Foreclosure". A Short Sale is when the bank, or Asset Manager, will be willing to take or accept a sales price that in some cases is far less than what is currently owed on the property. These properties are generally in default but have not yet been foreclosed on.

The searches below will show you all Foreclosures and Short Sales that are currently listed through the GSMAR (Great Smoky Mountain Association of REALTORS®) MLS. If you would like automatic updates sent to your email of all foreclosures or short sales as they become available please contact me. **The below searches work best if viewed using Internet Explorer.

REO Buyers Agent

When it comes to taking full advantage of these properties that are in foreclosure, it is very important to have the experience of a seasoned REALTOR® that is aware of the market conditions, how to handle offers on REO properties, and the ability to negotiate aggressively with listing agents and Asset Managers (3rd party entities that manage Institutional assets). I have extensive experience with this process and can properly represent any/all serious buyers of these special properties. Please contact me if you have any questions on the foreclosures in our area at 865-719-4930.