Tennessee Foreclosures - 21,247 Foreclosure Listings

Foreclosure Homes in Tennessee

There are currently foreclosed homes listed in Tennessee. Why should you consider buying a foreclosure property in Tennessee? To save money, of course! That’s right, purchasing a foreclosed home can save you as much as 50 percent or more on the final sale price of a distressed deal in Tennessee when compared to a traditional single-family house. We’ve also got awesome deals on top of incredible foreclosure deals, from rent-to-own homes, short sales and preforeclosures in Tennessee, as well as bankruptcy filings and government-owned foreclosure listings such as HUD, Fannie Mae and Freddie Mac, among others. Just select the county in Tennessee that you want to look for a property below. Then search through all distressed real estate listings in Tennessee for the amazing deal that’s right for you.

Tennessee Foreclosure Laws

Tennessee primarily relies on nonjudicial foreclosure through a power-of-sale clause in a deed of trust. Court involvement is usually limited, so the process often moves faster than in judicial states. Once required notices are given, the sale can occur fairly quickly. Deficiency judgments may be allowed if the home sells for less than the amount owed.

Foreclosure Type Process

Non-Judicial
Mortgage Instrument Security Type

Deed of Trust (primary). Mortgages are allowed but less common.
Typical Timeline Duration

2-3 months typical
Deficiency Judgment

Deficiency judgments permitted
Redemption Period Owner Rights

No post-sale redemption.
Process Summary

Tennessee primarily uses nonjudicial foreclosure. Power-of-sale clauses allow auction after notice and publication.
Notice / Timing Statute

Tennessee. Code § 35-5-101 et seq. (deed of trust foreclosure)
Redemption Statute(s)

Tennessee. Code § 35-5-116 (redemption if excess proceeds exist)
Deficiency Statute(s)

Tennessee. Code § 35-5-118 (deficiency allowed after foreclosure)

How to Buy a Foreclosure in Tennessee

In Tennessee, locate foreclosure opportunities through foreclosure notices, MLS, and county records. Tennessee' non-judicial foreclosure requires statutory notices. Have your financing secured. Perform title and condition checks. Attend the foreclosure sale and finalize title transfer.

What type of foreclosure is used in Tennessee?

The type of foreclosure in Tennessee is Non-Judicial

Is there a redemption period in Tennessee?

No post-sale redemption.

Are deficiency judgments allowed in Tennessee?

Deficiency judgments permitted in Tennessee

How do you buy a foreclosure in Tennessee?

In Tennessee, locate foreclosure opportunities through foreclosure notices, MLS, and county records.