Smoky Mountain log cabin foreclosures in Gatlinburg, Sevierville, Wears Valley to Pigeon Forge TN.  Pigeon forge to Gatlinburg cabin foreclosures - TN Bank owned log homes and short sale log cabins. A foreclosure hot sheet list we compile for our buyers.

Bank foreclosures, Gatlinburg to Pigeon Forge cabin foreclosures for sale - Autumn and David with Realty Executives Smoky Mountains 

Smoky Mountains

163 E Wears Valley Rd
Suite 15
Pigeon Forge Tennessee

Log Home & Cabin Foreclosures

Realty Executives
Smoky Mountains

Gatlinburg to Pigeon Forge
REALTORS ®

Autumn Hackney
 REALTOR ®

David Hackney
Broker, REALTOR ®
E-PRO, RSPS, TRC, CDRS, ABR, CRS

Autumn and David, Smoky Mountain real estate agents. Pigeon Forge log home foreclosures to Gatlinburg cabin foreclosures
Autumn & David Hackney
Smoky Mountain REALTORS®  Realty Executives Award Winner 2005, 2006, 2007, 2008

Email: teamad@comcast.net

Email or Call Us Direct

Direct
(865) 250-3219

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Insurance | Residential | Residential Foreclosures |  Luxury Log Homes | Our Cabin Listings

Autumn and David, "Your friends in the Smokies".

We understand you have a choice in real estate agents.
Once a foreclosure is listed, any Realtor® can assist you. For this reason, we built this Gatlinburg to Pigeon Forge foreclosures page along with the rest of our web sites. We go above and beyond to earn your business.  Our buyers are notified, immediately, of the hottest properties, on the market, before they hit this hot sheet.  Before the sale, we will keep you informed of properties matching your criteria. During the sale, we will walk you through the entire process and provide you with all the resources needed (home inspectors, lenders, appraisers, contractors, utility companies, insurance providers, pest control companies, etc...). After the sale, we will advertise your commercial or rental investment property, on our web sites, for as long as you own the property. If it is a residence, I guess we will leave you alone so you can enjoy a nice dinner in your new home.

Click Here for
Knoxville Area Foreclosure Listings

Scroll down for the Smoky Mountain's List

What is the difference between a bank foreclosure and a short sale?
Here is our definition.

 

Need a place to stay when in town?
 Pigeon Forge Cabins for Rent     -      Gatlinburg Rental Cabins & Chalets
We advertise our previous clients' rental properties for free.

Take some of the risk out of buying a Smoky Mountains (Sevierville, Pigeon Forge to Gatlinburg TN) bank owned log home / cabin foreclosure.  Allow us to represent you at no additional cost. We represent buyers in foreclosure purchases. 

Looking for Land Foreclosures? Click Here!

Log Homes / Cabin Foreclosures and Short Sales
Updated 03/11/2010

We manually compile this hot sheet short sale / foreclosure list daily, for our buyers.  We work hard to earn your business.

We represent foreclosure buyers (no additional charge).  The listing agent shares their commission to have us represent you.

These are MLS IDX Listings

((The MLS Link will show details and pictures of each property in a new window))
 Properties are selling quickly! Newly added listings will not show active, until the database updates.

MLS # Area Price Beds Baths TotFinSF Subd Status
  156108   Gatlinburg   $84,900   2   1.5   800   Ski Road Property   Pending Sale
  156920   Cosby   $85,000   2   1   768   None   Active
  156792   Pigeon Forge   $89,000   1   2   703   Golf View Resort   Active
  154256   Gatlinburg   $89,900   0   1   896   BLACK BEAR RIDGE   Active
  156953   Sevierville   $89,900   2   2   1664   N/A   Active
  156111   Sevierville   $89,900   2   2   1332   Arnold Estates   Active
  156580   Gatlinburg   $90,000   2   1.5   1728   Condo Villas   Active
  156414   Sevierville   $99,900   1   1   832   Pinehaven Estates 2   Pending Sale
  155169   Sevierville   $100,000   2   2   638   Hidden Mountain West   Pending Sale
  156739   Sevierville   $100,000   1   1.5   724   N/A   Active
  154045 Sevierville   $104,900   3   3   2100   Shagbark   Pending Sale
  156632   Sevierville   $104,900   2   2   1160   Shagbark   Active
  156328   Sevierville   $109,000   1   1.5   1152   Crooks Property   Active
  151844   Sevierville   $109,900   3   2   1344   On 9.5 acres   Pending Sale
  156797   Sevierville   $109,900   1   1.5   1568   RHODODENDRON RIDGE   Active
  147903   Pigeon Forge $110,000   1   1   780   Hidden Springs   Pending Sale
  156740   Sevierville   $110,000   1   1.5   904   N/A   Active
  156860   Sevierville   $114,900   2   2   2082   N/A   Pending Sale
  154824   Pigeon Forge   $118,900   2   3   1536   Fox Run   Active
  151949   Sevierville   $119,000   1   1.5   858   Sky Harbor   Offer Accepted
  157040   Pigeon Forge   $119,500   2   2   1200   Arrowhead Resort   Pending Sale
  147570   Gatlinburg   $120,000   1   1   754   Forest Springs   Pending Sale
  156297   Newport   $121,000   2   1   864   Van Stratum   Active
13 acres
  156977   Gatlinburg   $122,000   2   2   1056   Above the smoke   Active
  155789   Gatlinburg   $125,000   2   2   1524   White Oak   Pending Sale
  156699   Pigeon Forge   $133,500   1   1   882   Tekoa Mountain   Active
Furnished!
  156698   Pigeon Forge   $133,500   1   1   882   Tekoa Mountain   Active
Furnished!
  156006   Pigeon Forge   $135,000   3   2   1198   Country Pines   Active
Furnished!
  153701   Sevierville   $137,500   2   2   1320   Covered Bridge   Pending Sale
  152867   Sevierville   $139,000   1   1   1524   Sugar Loaf   Pending Sale
  155843   Pigeon Forge   $139,500   1   1   1560   Sherwood Forest   Active
  147279   Gatlinburg   $139,500   2   2   1408   Tyrolea   Active
Furnished Chalet
  152388   Sevierville   $139,900   1   1.5   1428   Sterling Springs Resort   Pending Sale
  156194   Gatlinburg   $140,000   1   2   1195   Forest Springs   Pending Sale
  157432   Sevierville   $140,000   2   2.5   1496   Sky Harbor   Active
  149900   Gatlinburg   $140,000   4   2   2028   Mountain Shadows
 Duplex Cabin		   Pending Sale
 148939   Gatlinburg  $140,000   4   3.5   1848   Chalet Village North   Pending Sale
  147887   Gatlinburg   $140,000   3   3   2237   Chalet Village   Pending Sale
  157651   Pigeon Forge   $147,500   3   2   1636   Crestview   Active
  157425   Gatlinburg   $147,900   3   2   800   Tyrolea   Active
  154843   Sevierville   $148,000   2   2   1664   Falling Waters   Active
  144531   Gatlinburg   $149,900   2   2   1888   Sky Harbor   Pending Sale
  154070   Sevierville   $149,900   2   2   1442   Twin Ridge   Active
  144489   Gatlinburg   $149,900   2   2   1888   Sky Harbor   Pending Sale
  147733   Gatlinburg  $150,000   2   2   1406   Cayes Cove   Pending Sale
  157652   Pigeon Forge   $152,500   3   2   1660   New Pioneer Center   Active
  156701   Sevierville   $153,500   1   1   960   The Oaks   Active
    157502   Pigeon Forge $154,900   2   2   1110   Secona Village   Active
  149615   Pigeon Forge   $158,000   1   2   1344   New Pioneer Center   Active
Furnished Chalet
  155012   Pigeon Forge   $159,000   2   2   1536   Eagles Ridge   Active
  155008   Pigeon Forge   $159,000   2   2   1536   Eagles Ridge   Active
  156569   Sevierville   $159,400   1   1   624   Laughing Pines   Active
  156202   Sevierville   $159,900   2   2.5   2098   High Point   Active
  151514   Sevierville   $159,900   1   1.5   850   Shagbark   Active
  157360   Sevierville   $159,900   3   3.5   2934   Treehouse   Active
Fixer Upper
    153336   Pigeon Forge $163,000   2   2   1024   Bear Creek Crossing   Multiple offers already
  152980   Gatlinburg   $164,900   1   2   1392   Elk Springs   Pending Sale
    157623   Pigeon Forge $164,900   2   2   2048   Bear Creek Crossing   Active
  155247   Sevierville   $165,000   2   3.5   2700   Sky Harbor   Pending Sale
  148250   Sevierville   $165,000   1   1   1810   Sterling Springs Resort   Pending Sale
  154842   Gatlinburg   $166,000   2   2   1664   Chalet Village   Active
Furnished Chalet
  156046   Pigeon Forge   $169,900   1   1   1170   Sherwood Forest   Pending Sale
  155523   Sevierville   $169,900   1   2   1404   Preserve Resort  Pending Sale
  151945   Gatlinburg   $170,000   1   1   986   Gatlinburg Falls   Pending Sale
  150346   Sevierville   $170,000   2   2.5   1728   Birds Creek  Pending Sale
  154462   Sevierville   $171,000   3   3   1652   Pine Haven Estates   Pending Sale
  156369   Sevierville   $174,900   1   2   1248   Dogwood Farms   Pending Sale
  157505 Sevierville   $174,900   3   3   1592   Sterling Springs   Active
  156854 Sevierville   $175,000   1   2   2912   Paradise   Active
  155770   Gatlinburg   $175,000   3   2   1056   MOUNTAIN ACRES EST   Active
  157429 Sevierville   $176,000   1   1.5   1456   Paradise   Active
  155129   Wears Valley   $179,000   2   2   1144   Hickory Hollow   Pending Sale
  154662   Sevierville   $179,900   2   2.5   1776   Murphy Place   Active
Furnished
  155281 Sevierville   $179,900   2   2   1620   Laurel Oaks   Active
  153644   Gatlinburg   $179,900   2   2   1709   Country Manor Estates   Active
  156911 Sevierville   $179,900   3   2   1302   FTG Properties   Active
5 Acres
  157260   Gatlinburg   $179,900   1   1   986   Gatlinburg Falls   Active
  154345   Sevierville   $179,900   3   4.5   1958   Treehouse Resort   Pending Sale
  155695   Pigeon Forge   $179,900   2   2   1365   Sherwood Forest   Pending Sale
  157556   Sevierville   $184,900   4   3   2664   Summit View   Active
  155908   Sevierville   $185,000   2   2   1356   Sky Harbor   Pending Sale
  152082   Pigeon Forge   $185,000   4   3   2048   Harmony Hills   Pending Sale
  156525   Sevierville   $185,000   3   4   1872   Sterling Springs   Pending Sale
  154516   Pigeon Forge   $189,900   5   5   3264   Memory Mountain  Pending Sale
  155026   Sevierville   $190,000   4   3   2016   Hidden Springs   Pending Sale
  155667   Sevierville   $194,900   1   2   1440   Legacy Mountain   Pending Sale
  150991   Pigeon Forge   $195,000   1   1   702   Starr Crest   Active
  150998   Pigeon Forge   $195,000   1   1   702   Starr Crest   Active
  151252   Pigeon Forge   $195,000   1   1   702   Starr Crest   Active
  150988   Pigeon Forge   $195,000   1   1   702   Starr Crest   Active
  150981   Pigeon Forge   $195,000   1   1   702   Starr Crest   Active
  156186   Sevierville   $199,000   4   3   2664   Summit View   Active
  155130   Gatlinburg   $199,000   2   2   1664   N/A   Pending Sale
  155266   Gatlinburg   $199,000   2   2   1664   N/A   Pending Sale
  153498   Wears Valley   $199,000   3   2   2055   Valley Home Estates   Active
  157479   Sevierville   $199,900   4   3.5   2016   Hidden Springs   Active
  146457   Gatlinburg   $199,900   2   2   1700   Elk Springs   Pending Sale

 

One Stop Shopping

Smoky Mountain log homes and cabin foreclosures to short sales.  We have access to three databases of properties.  We can sell you any active property, presently listed, in all three multiple listing databases.  Work with us and get results! 

Tired of missing out on great deals?  Be one of our priority buyers.

 

Looking for Residential Foreclosures?
Click Here

Please Read

 Getting a loan for an investment or vacation home is getting harder everyday, even if you have great credit.  Banks have strict rules concerning foreclosures and short sales.  They require a pre-approval letter from a lender or a proof of funds document with any offer.  The banks will not even look at an offer without one.  They also have a minimum earnest money requirement.  It seems to be different for every listing.  Please talk with a lender before attempting to purchase any foreclosure or short sale property.  It is no longer an easy process.  If you want to get one of these great deals, you need to be ahead of the game.  If you don't already have a lender, who can make a Tennessee loan, try one of our local lenders -  Area Lenders.  If you find a lender with a better percentage rate or can at least do the 90/10 loan, let us know.  We want to help as many people as possible.

 

MLS # Area Price Beds Baths TotFinSF Subd Status
  155790   Gatlinburg   $202,900   1   1   1456   Gatlinburg Falls   Active
    151384   Wears Valley   $204,900   3   4   3488   Wonderland Woods   Active
  153477   Pigeon Forge   $205,000   3   3   2389   Alpine Mountain Village   Pending Sale
  155259   Gatlinburg   $209,000   3   2   1092   N/A  Pending Sale
    157000   Wears Valley   $209,900   2   2   1440   Wilderness Mtn Estate   Active
  153882   Pigeon Forge   $209,900   2   3   2184   Black Bear Ridge   Pending Sale
   149637   Sevierville   $210,000   3   3   1836   Riversong   Active
  156267   Sevierville   $214,900   3   3   1960   Dogwood Farms Phase 5   Active
  155040   Pigeon Forge   $216,000   4   3   2447   Sherwood Forest Resort   Active
  157524   Cosby   $219,900   3   3   3348   Settlers Trace   Active
  153655   Sevierville   $225,000   5   5   2674   Riversong
Estates		  Pending Sale
  155716   Sevierville   $225,000   2   2   1232   Golden Leaf Mountain Estates   Active
  156969   Bluff Mtn/Walde   $225,000   3   3   2080   Shagbark   Active
  156967   Bluff Mtn/Walde   $225,000   3   3.5   2352   Shagbark   Active
  156905   Pigeon Forge   $229,000   2   2   1914   Legacy Mountain Resort   Active
  157592   Sevierville   $229,900   3   3   2648   Treehouse   Active
  156077   Sevierville   $235,000   3   3.5   2820   Hummingbird Hollow   Pending Sale
  150471   Bluff Mtn/Walde   $235,000   3   3   2352   Shagbark   Active
  147465   Bluff Mtn/Walde   $235,000   3   3   2352   Shagbark   Active
  146667   Bluff Mtn/Walde   $235,000   3   3   2352   Shagbark   Active
  146665   Bluff Mtn/Walde   $235,000   3   3   2352   Shagbark   Active
  146663   Bluff Mtn/Walde   $235,000   3   3   2352   Shagbark   Active
  148943   Sevierville   $237,500   4   4.5   2688   Smoky Cove  Pending Sale
  149222   Gatlinburg   $238,000   7   6   3776   Pinnacle   Active
  145715   Pigeon Forge   $239,000   3   3   2536   Brookstone Village   Pending Sale
  154061   Pigeon Forge   $239,000   3   3   2288   Brook Valley   Active
  151440   Pigeon Forge   $239,000   1   2   1524   Legacy Mountain Resort   Active
  154882   Sevierville   $239,000   1   2   1304   Preserve Resort   Active
  152148   Sevierville   $239,000   3   2.5   2040   Sunrise Cove   Active
  153233   Sevierville   $239,500   3   3   1740   Bluff Mountain Acres   Active
  156315   Sevierville   $239,900   3   3.5   2696   Shagbark   Active
  157213   Gatlinburg   $240,000   1   2   1456   Gatlinburg Falls   Active
  150213   Pigeon Forge   $247,500   2   2   1560   Sherwood Forest   Active
  154881   Sevierville   $249,000   1   2   1612   Preserve Resort   Active
  151524   Sevierville   $249,000   2   2   1404   Preserve Resort   Active
  151532   Sevierville   $249,000   2   2   1404   Preserve Resort   Active
  151533   Sevierville   $249,000   2   2   1404   Preserve Resort   Active
  151447   Sevierville   $249,000   2   2   1404   Preserve Resort   Active
  156950   Gatlinburg   $249,900   3   2.5   1822   Tyrolea   Active
  156819   Sevierville   $249,900   2   2   2064   Cedar Creek Crossing   Active
  156921   Sevierville   $249,900   4   3   3328   Sky Harbor   Active
  155065   Sevierville   $250,000   3   3   2240   Mountain Grace Estates  Pending Sale
  154884   Sevierville   $259,000   1   2   1524   Preserve Resort   Active
  154883   Sevierville   $259,000   1   2   1524   Preserve Resort   Active
  156016   Cosby   $259,500   3   3.5   4115   Maranatha Resort   Active
  152539   Pigeon Forge   $260,000   4   3   2202   Sherwood Forest Resort   Pending Sale
  152709   Sevierville $260,000   5   5   2784   Cabins at the Crossing   Active
  152712   Sevierville $260,000   5   5   2808   Rainbow Ridge   Active
  153162   Wears Valley   $264,900   3   2.5   1796   Homestead Wears Valley   Active
  151449   Sevierville   $265,000   2   2   1914   Legacy Mountain Resort   Pending Sale
  151515   Sevierville   $265,000   1   2   1304   Legacy Mountain Resort   Active
  155709   Sevierville   $265,000   1   2   1524   Legacy Mountain Resort   Active
  152006   Sevierville   $265,000   1   2   1352   Legacy Mountain Resort   Active
  152005   Sevierville   $265,000   1   2   1524   Legacy Mountain Resort   Active
  152004   Sevierville   $265,000   1   2   1524   Legacy Mountain Resort   Active
  152003   Sevierville   $265,000   1   2   1524   Legacy Mountain Resort   Active
  151434   Pigeon Forge   $265,000   1   2   1524   Legacy Mountain Resort   Active
  151435   Pigeon Forge   $265,000   1   2   1524   Legacy Mountain Resort   Active
  151437   Pigeon Forge   $265,000   1   2   1524   Legacy Mountain Resort   Active
  153911   Sevierville   $265,000   2   2   1914   Legacy Mountain Resort   Active
  152007   Sevierville   $265,000   1   2   1352   Legacy Mountain Resort   Active
  152573   Gatlinburg   $270,000   4   4   2976   Laurel Oaks   Active
  155075   Sevierville   $275,000   3   3   2240   Hickory Hollow  Pending Sale
  155378   Townsend   $275,000   3   3   1410   Rocky Top   Pending Sale
  154419   Sevierville  
$276,000		   5   3   2520   Hidden Springs Resort   Pending Sale
   151443   Sevierville   $280,000   2   2   2112   Legacy Mountain Resort   Active
  155707   Sevierville   $280,000   1   2   1524   Legacy Mountain Resort   Active
  155708   Sevierville   $280,000   1   2   1524   Legacy Mountain Resort   Active
   151442   Sevierville   $280,000   1   2   1304   Legacy Mountain Resort   Active
   151441   Sevierville   $280,000   2   2   1914   Legacy Mountain Resort  Pending Sale
   151432   Sevierville   $280,000   1   2   1524   Legacy Mountain Resort   Active
  156338   Gatlinburg   $284,900   9   6   4480   Chalet Village N   Active
Chalet
   155377   Sevierville   $285,000   1   2   1404   Legacy Mountain Resort   Active
    157010   Sevierville   $287,000   3   4   2432   Woodridge Village II   Active
  156628   Sevierville   $289,000   2   2   1360   Cedar Falls   Active
  156916   Gatlinburg   $295,000   3   3   2048   Laurel Oaks   Active
Furnished
  152660   Wears Valley   $299,000   3   3   1972   Burchfiel Heights   Pending Sale
   151513   Sevierville   $299,000   1   2   1304   Legacy Mountain Resort   Active
   151433   Sevierville   $299,000   1   2   1524   Legacy Mountain Resort   Active
    157352   Sevierville   $299,900   3   4   4369 plus garages   COUNTRY MEADOWS   Active
  156624   Gatlinburg   $299,900   3   3.5   2748   Greenbriar Village   Active
  156663   Gatlinburg   $299,900   3   3.5   2673   Greenbriar Village   Active
  152579   Sevierville   $304,000   2   2   1914   Legacy Mountain Resort   Pending Sale
  139176   Wears Valley   $310,000   3   4.5   4353 plus 4 car garage   Valley Home Estates   Pending Sale
  157284   Sevierville   $314,900   3   3   4000 plus garage   Cedar Falls   Active
  153367   Gatlinburg   $316,000   2   2   1478   Settlement at Gatlinburg   Active
  154251   Sevierville   $319,000   3   3.5   2137   Autumn Ridge   Active
  153417   Sevierville   $325,000   3   4.5   3100   Laurel Branch  Pending Sale
  157255   Pigeon Forge   $325,000   2   2   1404   Starr Crest   Active
  157250   Pigeon Forge   $325,000   2   2   1404   Starr Crest   Active
  157249   Pigeon Forge   $325,000   2   2   1404   Starr Crest   Active
  144595   Gatlinburg   $325,000   5   5   3304   Greystone Heights   Active
  155978   Sevierville   $329,000  3.5   3   3584   Cedar Creek Crossing   Active
  153366   Gatlinburg   $345,000   3   3   2478   Settlement at Gatlinburg   Active
  154898   Gatlinburg   $349,900   5   4   3528   Elk Springs  Pending Sale
  146435   Gatlinburg   $354,900   5   4.5   3996 plus garage   N/A   Active
  153679   Sevierville   $359,000   3   2   2400   Headrick Springs  Active
  148229   Sevierville   $379,900   4   4   2470   Misty Shadows  Active
  156915   Wears Valley   $379,900   3   2.5   3420 plus garage   Laurelwood   Active
  155317   Gatlinburg   $397,200   2   3   1942   Condo Villas   Pending Sale
  155542   Gatlinburg   $399,900   5   5.5   4064   Greystone Heights   Pending Sale
  150962   Pigeon Forge   $427,000   3   4   2352   Starr Crest   Active
  151004   Pigeon Forge   $427,000   3   4   2352   Starr Crest   Active
  151000   Pigeon Forge   $427,000   3   4   2352   Starr Crest   Active
  151148   Pigeon Forge   $427,000   3   4   2352   Starr Crest   Active
  150974   Pigeon Forge   $427,000   3   4   2352   Starr Crest   Pending Sale
  151109   Pigeon Forge   $427,000   3   4   2352   Starr Crest   Active
  156895   Gatlinburg   $429,000   5   5.5   3153   Laurel Oaks   Active
  156716   Pigeon Forge   $449,000   9   9   3216   Royal Vista   Active
Won't last long!
  151505   Gatlinburg   $449,000   4   4   3213   Overlook at Greystone Heights   Active
  149257   Gatlinburg   $450,000   8   6.5   4524   Chalet Village North   Offer accepted already
  148404   Gatlinburg   $469,900   4   3   2826   Elk Springs   Active
  156744   Sevierville   $495,000   4   3   2872   Preserve Resort   Active
  157560   Gatlinburg   $499,900   8   8   2832   BLACK BEAR FALLS   Active
  151466   Pigeon Forge   $499,900   5   4   4500   Starr Crest   Active
Amazing Deal!
  155070   Gatlinburg   $499,900   5   5.5   4800   Pinnacle View   Active
  152221   Sevierville   $499,999   4   3.5   5180   Homestead   Pending Sale
  149157   Sevierville   $569,900   3   3.5  2770 plus garage   The Summit   Active
  149271   Pigeon Forge   $599,900   3   3.5   4432 plus garage   The Summit   Active
  156081   Sevierville   $674,900   3   3.5   3895 plus garage/pool   PRICE ACRES   Active
  156631   Sevierville   $889,000   3   3.5   4752   Summit of Bluff Mtn  Pending Sale
  145399   Gatlinburg   $950,000   5   5.5   4700   Pinnacle View   Pending Sale
  156630   Sevierville   $1,089,000   4   4.5   5300   Summit of Bluff Mtn   Active

 

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All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information.  This REO list of log homes to cabin foreclosures and short sales were gathered from the Smoky Mountain's MLS database.  This REO list is updated several times a month. The Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This bank foreclosure list is to be used for information purposes only.  We tried to identify as many as we could but we may have missed a few of them. You do not have to work through us to purchase any of these REO properties.  You can either go through the listing agent or any agent of your choosing.  Looking for a Pigeon Forge short sale or Gatlinburg cabin foreclosures?  We will try to keep this list as up to date as possible.  If you would like to work through us, simply call or email us today!

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Pigeon Forge cabin foreclosures Gatlinburg cabin short sales   Log Home Foreclosures

 

Our definition to a "Short Sale": 

A "Short Sale" is a pre-foreclosure.  It is when a seller can no longer afford their home and can prove to the bank their financial hardship.  The bank will review their situation and then approve/disapprove a short sale in lieu of foreclosure. 
 
The bank then agrees to a price.  In a true short sale, the seller will make no money in the sale.  The bank accepts a huge loss and will agree to let the seller out of their obligation to them.  The asking price is usually a pre-determined starting point.  We tell our clients to expect multiple offers and to treat an offer like you would in a silent auction.  The bank will usually look over all the offers over a period of time.  They then typically choose the best one.  Sometimes it is a choice over price and others are over; time to closing or amount of contingencies in the contract.  A buyer needs to put in their best offer.  Counter offers are extremely rare.
 
You should only consider a short sale if you are extremely patient.  A seller can say yes to an offer but the bank can take a month or so to respond.  Banks take their time, hoping for better offers to come in.  The last short sale offer we submitted took two days for the seller to agree and two months for the bank to agree.  It can be a 3-4 month process, in some cases.  Calling the agents, the seller and/or the bank will not speed up the process.  You can get an amazing deal with a short sale but only if you can wait. 
 
The bank will do their own appraisal of the property.  The asking price can actually go up.  You will not know if the deal will go through or not, all the way to the day of closing.  Again, patience is the only way to get one of these deals.
 
I hope this helps.  I probably just confused you further. 

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David and Autumn Hackney are Members of:

 Great Smoky Mountains Association of REALTORS ®

Tennessee Association of REALTORS ®

National Association of REALTORS ®

David Hackney is a Member of:

Knoxville Area Association of REALTORS ® MLS

Gatlinburg TN Cabin and Chalet Foreclosures
Pigeon Forge TN Cabin Foreclosures and REO Property
Sevierville TN Cabin Foreclosures - Bank Owned Homes


Article 10 of the NATIONAL ASSOCIATION OF REALTORS® Code of Ethics. Article 10 imposes obligations upon REALTORS® and REALTOR-ASSOCIATES®, but it is also a firm statement of position and philosophy on housing opportunity for all people.

We enjoy working with buyers looking for Pigeon Forge real estate, homes, Gatlinburg chalets and log cabins for sale from Gatlinburg to Sevierville TN. Click here to search IDX MLS listings for the Great Smoky Mountains. Call or email David today for any property of interest you find in the Smoky Mountain MLS. As a member of both Knoxville and the GSMAR MLS I can help you with all of your buying needs. Have your own agent, who will work for you, instead of the seller. We can help you with Pigeon Forge homes, Gatlinburg cabins to Sevierville real estate. Get started today!
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Realty Executives Smoky Mountains, 163 E Wears Valley Rd, Suite 15, Pigeon Forge, TN 37863
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Realty Executives Smoky Mountains

Each Office Independently Owned and Operated