Can I Sell My House Before Foreclosure in Tennessee?
Yes, in many cases you can sell your East Tennessee home before the foreclosure sale. Here's how a regular sale or a short sale can work when time is short.
Yes, often you can
You usually still own your home until the trustee's sale happens. That means you can often list and sell it, as long as the sale closes in time and pays off the loan, or your lender approves a short sale.
If you have equity
If the home is worth more than you owe, a regular sale can pay off the mortgage and the past-due amount, and any money left over goes to you. That's usually far better than letting the home go to auction.
If you owe more than it's worth
A short sale may be an option. The lender agrees to accept less than the full balance so the home can sell. Approval is up to the lender and isn't guaranteed, so starting early matters.
Talk it through, confidentially
Call Spring Mountain Realty PLLC before the sale date.
(865) 935-0500More questions
- How long does foreclosure take in Tennessee?
- What happens at a trustee's sale?
- Short sale or foreclosure: which is better?
- How does a short sale work?
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Spring Mountain Realty PLLC is a Tennessee real estate brokerage, not a lender, law firm, or foreclosure-rescue service, and is not affiliated with your mortgage company. We cannot promise that a lender will approve a short sale or that a foreclosure will be stopped. This is general information, not legal, tax, or credit advice. Free help is available from a HUD-approved housing counselor at (800) 569-4287.