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Contact Louis Belote

Have any questions or need additional information...Contact me directly via phone at 615.804.9999 or fill out the form to let us know how we can help with your real estate needs.

Office Location 3825 Bedford Avenue
Suite 102
Nashville, TN 37215
Direct Phone: 615.804.9999
Office Phone: 615.327.4800

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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!

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 ListingsUnder $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
83 Properties Found. Showing Page 1 of 7
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Approved Short Sale - Can Close Quickly! Lovely...

$850,000
City: Nashville, TN
Beds: 5
Baths: 5
Type: Residential
MLS® #: 1405224
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...

Photo of Listing #1405224

Executive Style, Traditional, Outstanding Floor...

$825,000
City: Nashville, TN
Beds: 6
Baths:
Type: Residential
MLS® #: 1413111
Price:
$825,000
City:
Nashville
Beds:
6
Baths:
Type:
Residential
MLS® #:
1413111
Provider:

Executive Style, Traditional, Outstanding Floor Plan. 10' Ceilings, Main-level Formal Rooms, Larg...

Photo of Listing #1413111

Location*location!!! Unique Home With Dramatic ...

$749,000
City: Nashville, TN
Beds: 2
Baths: 2
Type: Residential
MLS® #: 1440846
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 ...

Photo of Listing #1440846

Gorgeous Home With Gorgeous Views. Truly A Maje...

$434,900
City: Nashville, TN
Beds: 4
Baths:
Type: Residential
MLS® #: 1453643
Price:
$434,900
City:
Nashville
Beds:
4
Baths:
Type:
Residential
MLS® #:
1453643
Provider:

Gorgeous Home With Gorgeous Views. Truly A Majestic Home Loaded With Extras Like A Media Room, Go...

Photo of Listing #1453643

4 Bedroom Residential Property in Nashville, TN

$375,000
City: Nashville, TN
Beds: 4
Baths: 3
Type: Residential
MLS® #: 1341784
Price:
$375,000
City:
Nashville
Beds:
4
Baths:
3
Type:
Residential
MLS® #:
1341784
Provider:

Offer Has Been Rec'd! No More Showings.

Photo of Listing #1341784

Fabulous Home With One Of The Biggest Back Yard...

$329,900
City: Nashville, TN
Beds: 4
Baths:
Type: Residential
MLS® #: 1452162
Price:
$329,900
City:
Nashville
Beds:
4
Baths:
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...

Photo of Listing #1452162

Fantastic Open Floorplan With Many Upgrades!! ...

$269,900
City: Nashville, TN
Beds: 5
Baths: 3
Type: Residential
MLS® #: 1420514
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~...

Photo of Listing #1420514

Open Floor Plan Features Dramatic Soaring Ceili...

$268,700
City: Nashville, TN
Beds: 4
Baths:
Type: Residential
MLS® #: 1438540
Price:
$268,700
City:
Nashville
Beds:
4
Baths:
Type:
Residential
MLS® #:
1438540
Provider:

Open Floor Plan Features Dramatic Soaring Ceilings, Arched Windows In Great Room. Master Down W/w...

Photo of Listing #1438540

Sand/finish Hardwoods, Use Front Rm As Office/f...

$260,000
City: Nashville, TN
Beds: 4
Baths:
Type: Residential
MLS® #: 1378234
Price:
$260,000
City:
Nashville
Beds:
4
Baths:
Type:
Residential
MLS® #:
1378234
Provider:

Sand/finish Hardwoods, Use Front Rm As Office/formal Dining, Downstairs Master, Lrg Bedrooms, Cov...

Photo of Listing #1378234

Brick Home With Soaring Ceiling Living Rm! Wood...

$254,900
City: Nashville, TN
Beds: 5
Baths:
Type: Residential
MLS® #: 1424544
Price:
$254,900
City:
Nashville
Beds:
5
Baths:
Type:
Residential
MLS® #:
1424544
Provider:

Brick Home With Soaring Ceiling Living Rm! Wood Burning Fireplace, Large Kitchen With Breakfast A...

Photo of Listing #1424544

Great, Huge Piece Of Land In A Convenient Locat...

$249,900
City: Nashville, TN
Beds: 5
Baths:
Type: Residential
MLS® #: 1440527
Price:
$249,900
City:
Nashville
Beds:
5
Baths:
Type:
Residential
MLS® #:
1440527
Provider:

Great, Huge Piece Of Land In A Convenient Location With Horse Barn, Workshop, And Many Other Uniq...

Photo of Listing #1440527

Nice Family Home ,recently Renovated, Hardwood ...

$249,900
City: Nashville, TN
Beds: 3
Baths:
Type: Residential
MLS® #: 1439078
Price:
$249,900
City:
Nashville
Beds:
3
Baths:
Type:
Residential
MLS® #:
1439078
Provider:

Nice Family Home ,recently Renovated, Hardwood Floors,new Windows.large Great Room With Fireplace...

Photo of Listing #1439078

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.

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