We can provide you with a list of Foreclosure / Bank Owned (REO) Properties for any Middle Tennessee city, county, zip code, or even neighborhood...JUST ASK!
Search Foreclosures /Bank Owned (REO) Properties in the Following Areas...
Foreclosures / Bank Owned (REO) Properties
A Foreclosure is defined as a legal process by which a defaulted borrower/homeowner is deprived of his or her interst in a property, usually for non-payment of the mortgage. When refinancing, a loan modification, or a short sales does not work, a distressed home owner is left with one option: Foreclosure.
The financial profile of borrowers who experience Foreclosure is changing. While Foreclosure rates are historically higher for sub-prime mortgages than for traditional mortgage products, rates of mortgage default are increasing among the most credit worthy individuals.When a bank take possession of a property, it is referred to as an REO or Real Estate Owned property. You may have seen that term.
Considering purchasing a REO (Bank Owned)/Foreclosure property?...Keep the following considerations in mind:
1) The opportunity for the potential buyer to conduct property inspections can be negligible or extremely limited. Potential buyers usually have limited or no access to properties offered at a Foreclosure sale becasue they are often still occupied by the owners or tenants.2) After completion of the sale and court approvals, if required, it may be necessary for the Buyer to initiate legal action to evict tenants.
3) Buyer is responsible for paying any ouutstanding liens. Some preliminary investigating can reveal if any additional liens exist.
4) In some cases, the Buyer may not receive clear title.
5) A "Redemption Period" may exist. A redemption period allows the originally foreclosed borrower to recover the property after the foreclosure sale. If the borrower makes good on past due payments within a specified period of time defined by the Redemption Period, he/she can recover the property. The Redemption Period may have been signed away by the original borrower in the Deed of Trust at the time he/she purchased the property. Consult a reputable real estate attorney for advice.
There are many items to consider when purchasing REO/Foreclosure properties. Fill out the "CONTACT US" form for additional information.
Residential Foreclosure Properties in Nashville
| All Listings | Under $100,000 | $100,000 - $200,000 |
| $200,000 - $300,000 | $300,000 - $400,000 | $400,000 - $500,000 |
| $700,000 - $800,000 | $800,000 - $900,000 |
Approved Short Sale - Can Close Quickly! Lovely...
- Price:
- $850,000
- City:
- Nashville
- Beds:
- 5
- Baths:
- 5
- Type:
- Residential
- MLS® #:
- 1405224
- Provider:
-
Approved Short Sale - Can Close Quickly! Lovely Views From This Private Setting At The Top Of Cas...
Executive Style, Traditional, Outstanding Floor...
- Price:
- $825,000
- City:
- Nashville
- Beds:
- 6
- Baths:
- 5½
- Type:
- Residential
- MLS® #:
- 1413111
- Provider:
-
Executive Style, Traditional, Outstanding Floor Plan. 10' Ceilings, Main-level Formal Rooms, Larg...
Location*location!!! Unique Home With Dramatic ...
- Price:
- $749,000
- City:
- Nashville
- Beds:
- 2
- Baths:
- 2
- Type:
- Residential
- MLS® #:
- 1440846
- Provider:
-
Location*location!!! Unique Home With Dramatic Features Inside And Out! Attractive 'atrium' With ...
Gorgeous Home With Gorgeous Views. Truly A Maje...
- Price:
- $434,900
- City:
- Nashville
- Beds:
- 4
- Baths:
- 4½
- Type:
- Residential
- MLS® #:
- 1453643
- Provider:
-
Gorgeous Home With Gorgeous Views. Truly A Majestic Home Loaded With Extras Like A Media Room, Go...
4 Bedroom Residential Property in Nashville, TN
- Price:
- $375,000
- City:
- Nashville
- Beds:
- 4
- Baths:
- 3
- Type:
- Residential
- MLS® #:
- 1341784
- Provider:
-
Offer Has Been Rec'd! No More Showings.
Fabulous Home With One Of The Biggest Back Yard...
- Price:
- $329,900
- City:
- Nashville
- Beds:
- 4
- Baths:
- 2½
- Type:
- Residential
- MLS® #:
- 1452162
- Provider:
-
Fabulous Home With One Of The Biggest Back Yards In Traceside And On A Cul-de-sac!!! Hvac And All...
Fantastic Open Floorplan With Many Upgrades!! ...
- Price:
- $269,900
- City:
- Nashville
- Beds:
- 5
- Baths:
- 3
- Type:
- Residential
- MLS® #:
- 1420514
- Provider:
-
Fantastic Open Floorplan With Many Upgrades!! Spacious Room And Natural Sunlight Fill Each Room~...
Open Floor Plan Features Dramatic Soaring Ceili...
- Price:
- $268,700
- City:
- Nashville
- Beds:
- 4
- Baths:
- 3½
- Type:
- Residential
- MLS® #:
- 1438540
- Provider:
-
Open Floor Plan Features Dramatic Soaring Ceilings, Arched Windows In Great Room. Master Down W/w...
Sand/finish Hardwoods, Use Front Rm As Office/f...
- Price:
- $260,000
- City:
- Nashville
- Beds:
- 4
- Baths:
- 2½
- Type:
- Residential
- MLS® #:
- 1378234
- Provider:
-
Sand/finish Hardwoods, Use Front Rm As Office/formal Dining, Downstairs Master, Lrg Bedrooms, Cov...
Brick Home With Soaring Ceiling Living Rm! Wood...
- Price:
- $254,900
- City:
- Nashville
- Beds:
- 5
- Baths:
- 3½
- Type:
- Residential
- MLS® #:
- 1424544
- Provider:
-
Brick Home With Soaring Ceiling Living Rm! Wood Burning Fireplace, Large Kitchen With Breakfast A...
Great, Huge Piece Of Land In A Convenient Locat...
- Price:
- $249,900
- City:
- Nashville
- Beds:
- 5
- Baths:
- 2½
- Type:
- Residential
- MLS® #:
- 1440527
- Provider:
-
Great, Huge Piece Of Land In A Convenient Location With Horse Barn, Workshop, And Many Other Uniq...
Nice Family Home ,recently Renovated, Hardwood ...
- Price:
- $249,900
- City:
- Nashville
- Beds:
- 3
- Baths:
- 2½
- Type:
- Residential
- MLS® #:
- 1439078
- Provider:
-
Nice Family Home ,recently Renovated, Hardwood Floors,new Windows.large Great Room With Fireplace...
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of RealTracs Solutions. Real estate listings held by brokerage firms other than Fridrich & Clark Realty, llc are marked with the Internet Data Exchange Program logo or thumbnail logo and detailed information about them includes the name of the listing brokers.
Disclaimer: All information is believed to be accurate but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal.
Copyright 2013 RealTracs Solutions.
Listing information last updated on June 18th, 2013 at 4:50pm CDT.
