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View all 123 new Tennessee properties added in the last 10 days.
In Tennessee, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process. The judicial foreclosure process is one in which the lender must file a complaint against the borrower and obtain a decree of sale from a court having jurisdiction in the county where the property is located before foreclosure proceedings can begin. Generally, if the court finds the borrower in default, they will give them a set period of time to pay the delinquent amount, plus costs. If the borrower does not pay within the set period of time, the court will then order the property to be sold. The non-judicial process of foreclosure is used when a power of sale clause exists in a mortgage or deed of trust. A "power of sale" clause is the clause in a deed of trust or mortgage, in which the borrower pre-authorizes the sale of property to pay off the balance on a loan in the event of default. In deeds of trust or mortgages where a power of sale exists, the power given to the lender to sell the property may be executed by the lender or their representative, typically referred to as the trustee.
Read more about the Tennessee foreclosure process in our InfoCenter
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Foreclosure Properties for Tennessee
There are currently
639
properties available online in Tennessee.
Click on a county in the map or list below to begin browsing foreclosure properties.
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09-0126783
840 TOY SLATTEN ROAD
Sparta
,
TN
38583
Sale Date:
11/23/2009
Opening Bid: $129,582.50
09-0146149
821 AZTEC DR
Murfreesboro
,
TN
37128
Sale Date:
11/23/2009
Opening Bid: $128,340.04
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