East Tennessee continues to be a very affordable place to live, especially the areas of Gatlinburg, Pigeon Forge, and Sevierville. Currently our market is showing signs of recovery, stability, and dare I say, strength. Even with that trend we continue to have an above average amount of foreclosed homes and investment cabins. There are still great deals to be had when buying in the foreclosure market of East Tennessee.
Below you will find a list of all foreclosures and short sales that are currently listed for sale in Sevier County. Sevier County consists of Gatlinburg, Kodak, Pigeon Forge, Pittman-Center, Sevierville, Seymour, Wears Valley, and Waldens Creek. This list is mainly log cabins and homes that are used as investments or vacations homes. If you are looking for foreclosures or short sales in the cities of Gatlinburg, Pigeon Forge, or Sevierville to use as a primary residence you can contact me for a free list at 865-719-4930 or use the "Contact Me" page here on the website.
The list below of foreclosed log cabins and log homes is EVERY foreclosure currently in our MLS that is classified as "log cabin". The list is updated every night at midnight to provide you with the most up to date information possible. If you are looking for more specific criteria like price range, bedrooms, or other features, then contact me and we will customize a search for you that meets exactly what you are looking for.
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. Below you will find a list of ALL short sales that are currently listed for sale in our MLS. This is a complete list that will also update every night at midnight. If you are looking for something with specific criteria please feel free to contact me and we can customize a search for you.
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.
Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2015 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated August 29, 2015.