Foreclosures and Short SalesIn today's economy, there are many opportunities for finding a bargain in property that is distressed from the standpoint of the owner--that is, payments have not been met or a reluctant owner owns the property and wants to sell it. Century 21 MVP has the knowledge and expertise to assist you in your search for such property and in your completion of a successful purchase. Searches for propertyYou can search the Great Smoky listing directly at the following links: Foreclosed Property of the Great Smoky Mountains Association of Realtors Short Sale Property of the Great Smoky Mountains Association of Realtors You can search the Knoxville MLS listings for foreclosed property at the following link: Foreclosed Property of the Knoxville Area Association of Realtors Call us or contact us by email for information and listings of property that is not provided by a public search of the MLS. What are foreclosures, short sales or REO properties?Financially distressed property comes in 3 general categories- Foreclosed property- Foreclosed property is property that is at public auction because payments have not been met, and the lender has exercised an the right to possess the property. Short sale property- Short sale property is property that is in foreclosure but before the property goes to public auction. Under a short sale, a lender must agree to accept less than the amount that is owed on the property. Real Estate Owned (REO) property- In the industry, this term means that the bank or lender owns the property. Buying an REO is similar to buying a short sale except the property is already owned by the lender. :: Visitor's Guide :: Community Map :: Search Property: Great Smoky Mountains :: Search Property: Greater Knoxville :: Search Foreclosures and Short Sales :: Property Organizer Login :: Dream Home Finder :: New Homes :: Buy a Cabin! :: Retirement :: Resorts :: Weather :: Education :: Health Care :: Community Links :: Free Buyer Reports :: Buyer's Resources :: TaxCredits :: What we do for you! :: Seller's Resources :: Free Seller Reports :: Market Analysis :: Who we are :: Mike & Debi :: Our Agents :: Career Opportunities :: Guest Book :: Contact Us :: Loan Programs :: Calculators :: Pre-Qualify :: Free Credit Reports :: Imperfect Credit? :: Marketplace :: Internet Links :: Real Estate News :: Sitemap :: Privacy Policy ::
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