$183,515 EMV

1 Bath   1,152 Sq. Ft.
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Cane Creek Mountain Rd
Tellico Plains, TN 37385

Status: Inactive
Listing ID: 56907969

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Property Information

  • Bathrooms: 1
  • Living Area Size: 1,152
  • Lot Size: 3 acres
  • Year Built: 2001
  • Source ID: 21331032
  • Day(s) On Site: 63
  • Assessed Value: $22,200
  • Parcel Number: 117 06706 000
  • Plaintiff: GUARANTY HOME MORTGAGE CORPORATION
  • Defendant Name: LAURA LEE KYLE
  • Last Sale Amount: $7,400
  • Last Sale Date: 03-19-2002
  • Recording Book: 284
  • Trustee Name: J PHILLIP JONES
  • Trustee Address: 1800 HAYES ST
  • Trustee City: NASHVILLE
  • Trustee State: TN
  • Trustee Zip: 37203
  • Trustee Phone: (615) 254-4430
  • Deed Category: NFS
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Public Records

  • Baths: 1
  • Full Baths: 1
  • No. of Stories: 1
  • Exterior Wall Type: SIDING SHEATHING
  • Foundation Type: CONTINUOUS FOOTING
  • Heating Type: PACKAGE
  • Roof Material: PREFINISHED METAL
  • Roof Type: GABLE
  • Land Area Sqft: 130,680
  • Year Built: 2001
  • APN: 117-067.06
  • Property Type: Single Family Residence
  • Living Sqft: 1,152
  • Sewer Type: PRIVATE
  • Water Type: PRIVATE
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Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Auction Information

  • Auction Date: 01-06-2022
  • Auction Time: 03:00 PM
  • Auction Address: 105 COLLEGE ST N # 3
  • Auction City: MADISONVILLE

    Loan Information

  • 1st Mortgage Date: 10-30-2019

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Homes On This Street
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Cane Creek Mountain Rd
Tellico Plains, TN 37385

1 Bath   1,152 sq. ft.

$183,515 EMV

Status: Inactive Listing ID: 56907969

Property Information

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Public Records

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Property Description

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Listing URL

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