Tennessee foreclosures represent opportunity to investors who can capitalize on a good property deal and take it to the next level—a profitable level. Foreclosed properties in Tennessee can be found by searching through a number of property databases available online.

In foreclosure listings, Tennessee ranks 13th in the nation for those with the highest foreclosure rates, providing plenty of opportunity for those who wish to invest in real estate. On average, an investor can purchase foreclosure properties in Tennessee for about 20% or more below market value.

The foreclosure process includes 3 different stages and can be handled both non-judicially and judicially:

1. Pre-foreclosure: The homeowner has a set period of time to pay the delinquent amount. If not paid on time, the court will then order the Tennessee foreclosure properties to be sold.

2. Auction: Notice of sale for TN foreclosure properties must be published according to law and the homeowner must be informed 20 days prior. The sheriff sets a minimum acceptable price which must be equal to or greater than 50% of fair market value.

3. Bank-owned Tennessee foreclosure property: The lender takes possession and the sale is handled through an agent or broker.


Action Steps
The best contacts and resources to help you get it done

Tips & Tactics
Helpful advice for making the most of this Guide

• Although auctions offer excellent discounts, sales are frequently postponed and generally it is not possible to inspect the property beforehand. It may be wise to get a title search done even though it can be costly. Certified checks for 10% of the purchase amount may be required with the balance due in weeks, days or even hours after winning these Tennessee foreclosures.

The official source of Tennessee Foreclosure Listings is
the Tennessee Foreclosure Listings page at Business.com