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cabin short sales: Smoky Mountain Cabins - Foreclosures vs. Short Sales - 02/18/09 10:20 PM
A lot of my clients are not initially aware of the differences and advantages/disadvantages when comparing short sales versus foreclosures. This blog will be an attempt to explain in detail how the process works and the benefits and hassles associated with each. First I will describe and somewhat define both a short sale and then I will go in-depth about the disadvantages and advantages of each when purchasing a property.
Foreclosures
A foreclosure is a property that is already owned by a bank. Typically a foreclosure is obtained by the bank when the past owner is in default and has not … (0 comments)

cabin short sales: Cabin Foreclosures in the Gatlinburg and Pigeon Forge Area - 02/04/09 12:11 AM
The real estate market in Sevier County has unquestionably been impacted by foreclosures and short sales of cabins. A large portion of the cabin sales, approximately 40%, have been either foreclosures or short sales. Among these foreclosures many were purchased at what I would consider bargains and some others were more along the lines of a typical selling price. It is vitally important to ensure the cabin is appropriately priced for a foreclosure before making an offer. I have seen some foreclosure cabins that are priced no more competitive than regular sales, yet have sold quickly on the market. I think … (5 comments)